Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) has provided a drilling update for the Halo zone at its Quesnelle Gold Quartz Mine Property, located approximately 4 kilometers east of Hixon, British Columbia. The company completed two additional surface diamond drill holes from the same drill pad, positioned at 531388mE, 5922785mN (UTM Nad83), a few meters south of the previous QGQ25-28 collar.
The first hole, QGQ26-31, was drilled to a depth of about 109 meters (356 feet) with an orientation of 270°/-53° to target the western contact of the Halo zone. The contact was successfully located at approximately 79 meters (258 feet) depth. A second hole, QGQ26-32, oriented 270°/-45°, was collared a few meters west of QGQ26-31 and drilled to a depth of about 103 meters (337 feet). The hole was cased beyond the contact. Core logging is currently in progress for both holes.
Additionally, the company reported that core from hole QGQ26-29 continues to be hand split, with about two days of work remaining, and samples are being shipped regularly to MSALAB in Prince George for analysis. Further updates will be provided as results become available.
The Quesnelle Gold Quartz Mine property is situated along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults, covering 94,899 hectares (234,501 acres). The property is bordered by Osisko Development and partly intertwined with the Cariboo Gold Project at the north end. Historically, over 101 placer gold creeks on 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 and developed over a footprint of about 150 meters by 150 meters at the Main zone straddling Hixon Creek. The geological setting of gold mineralization at the property shows strong similarities with the Spanish Mountain gold deposit, located 120 kilometers southeast along the same geological trend. The Spanish Mountain deposit is classified as a sediment-hosted vein (SHV) deposit, belonging to the epizonal orogenic subclass of gold deposits, which includes some of the world’s largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia.
Golden Cariboo Resources is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs. The company’s efforts at the Halo zone represent a continuation of exploration in a historically productive region, with implications for understanding the gold mineralization potential along the trend. The successful location of the western contact in hole QGQ26-31 provides valuable geological information for further targeting.
For more information, visit the company's website at www.goldencariboo.com.
