Golden Cariboo Resources Ltd. has acquired 13 cells of placer claims at the Halo zone, totaling 250 hectares, for $60,000 CAD, securing 100% of the placer rights in the area and expanding the company's regional holdings. This acquisition coincides with ongoing drilling operations, where drill hole QGQ25-28 has reached a depth of 715.00 meters and is intersecting intermittent quartz-carbonate veining, silicification, and disseminated and stringer pyrite mineralization. The drilling targets northwest of the Halo zone, with visual documentation accessible through the company's website at https://www.goldencariboo.com.
The technical information has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards, who is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia. The company's exploration focuses on its Quesnelle Gold Quartz Mine property, spanning 94,899 hectares in central British Columbia along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults. Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production, with successful placer mining continuing to this day.
The property includes the Quesnelle Quartz gold-silver deposit discovered in 1865, developed over a footprint of about 150 meters by 150 meters at the Main zone straddling Hixon Creek. The geological setting shows strong similarities with the Spanish Mountain gold deposit located 120 kilometers southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which include some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia.
The company's property is road accessible from Hixon in central British Columbia and is bordered by Osisko Development, with partial intertwining at the north end of the Cariboo Gold Project. Additional information about the company's activities can be found at https://www.newmediawire.com where the original release was published. This strategic acquisition and ongoing drilling underscore the company's commitment to leveraging historical productivity and favorable geology in a region known for significant gold deposits, potentially enhancing resource estimates and future development prospects.
