Golden Cariboo Resources Ltd. has acquired 13 cells of placer claims at the Halo zone, totaling 250 hectares, for $60,000 CAD. This purchase secures 100% of the placer rights in the area, expanding the company's holdings in the region. The acquisition comes as the company continues drilling operations, with drill hole QGQ25-28 currently at a depth of 715.00 meters and intersecting intermittent quartz-carbonate veining, silicification, and disseminated and stringer pyrite mineralization. This drilling is targeting northwest of the Halo zone, with visual documentation available 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. Pautler is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia. The company's exploration activities are focused on its Quesnelle Gold Quartz Mine property, which spans 94,899 hectares in central British Columbia and is located 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.
