Golden Cariboo Resources Ltd. has reported drill results from its Quesnelle Gold Quartz Mine property near Hixon, British Columbia, with one hole intersecting 0.89 grams per tonne gold over 70.65 meters from near surface. Drill hole QGQ25-27, targeting the Halo zone, returned the significant intercept starting at 14.20 meters depth, including higher-grade sections of 3.25 g/t gold over 8.20 meters and 3.86 g/t gold over 5.20 meters. The company utilized specialized analytical methods to assess the mineralization, sending samples to the accredited MSALABS laboratory in Prince George. The laboratory employed PhotonAssay™ analysis, which uses larger sample sizes of 250-500 grams compared to traditional fire assay methods, providing more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone where nugget effects can impact conventional results.
Frank Callaghan, President and CEO of Golden Cariboo Resources, stated that intersecting nearly 71 meters of continuous gold mineralization from near surface represents another strong indication of the scale and continuity developing within the Halo zone. The results reinforce confidence that the company is delineating a significant mineralized system at the property. As drilling continues to expand the Halo zone and test the broader trend, each hole adds to the dataset that will support the company's planned mineral resource estimate. The technical information has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards.
The property is located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults, with historical gold production dating back to the 1865 discovery of the Quesnelle Quartz gold-silver deposit. The geological setting shows strong similarities with the Spanish Mountain gold deposit situated 120 kilometers southeast along the same geological trend. Drill hole QGQ25-27 was terminated prematurely due to technical issues, while drill hole QGQ25-26 intersected large quantities of andesitic flow, which is not a favorable host rock for quartz veining. The company maintains a quality assurance and quality control program with blanks, standards and coarse reject duplicates constituting 5% of total samples. Current drilling continues with hole QGQ25-28 testing the northwest extension of the Halo zone.
