Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has completed five diamond drill holes at its Quesnelle Gold Quartz Mine property in British Columbia, targeting high-priority structural features adjacent to the established Halo zone. The company announced that drill holes QGQ26-30 through QGQ26-34 have been completed, with core logging and sampling in progress and assays being conducted by MSALabs of Prince George on an ongoing basis.
Notably, drill hole QGQ26-30, which tests the western contact of the Halo zone, will be included in Golden Cariboo’s upcoming maiden Mineral Resource Estimate (MRE). Ongoing property-wide data validation provided the opportunity to add this drill hole, expanding the study to encompass up to 9 historical drill holes alongside the company’s first 30 surface diamond drill holes, bringing the total to 39 holes. President and CEO Frank Callaghan stated, “Integrating hole QGQ26-30 into our upcoming maiden Mineral Resource Estimate is a pivotal addition that directly enhances the scale and confidence of our geological model. Property wide data validation allowed us to expand the MRE dataset to thirty of our surface diamond drill holes alongside historical data, while our latest drilling campaign successfully stepped out to test structural contacts and the corridor toward the Main zone. With assays actively progressing at MSALabs, we continue to define the true footprint of this system while maintaining cost-effective, year-round drilling.”
The technical information in the news release has been reviewed and approved by Gordon Gibson, an independent consultant and Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of BC, and a Qualified Person under NI 43-101.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and covers 94,899 hectares. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150m x 150m at the Main zone. The geological setting shows strong similarities with the Spanish Mountain gold deposit, situated 120 km southeast along the same trend, which is considered an epizonal orogenic gold deposit.
This expansion of the MRE database is significant for the industry as it increases the confidence in the resource model for the Halo zone, potentially leading to a more robust initial resource estimate. The addition of historical drill holes alongside new data from the company’s ongoing drilling program underscores the importance of data validation in mineral exploration. For investors and stakeholders, a larger and more comprehensive dataset can reduce geological uncertainty and support future development decisions.
The completed Q2 drilling program also tested structural contacts and the corridor toward the Main zone, indicating potential to extend mineralization beyond the currently defined Halo zone. With assays progressing, the results could further delineate the system’s footprint and provide additional targets for future drilling. The company maintains year-round drilling capability, which is advantageous for continuous exploration in central British Columbia.
For more information, visit the company’s website at www.goldencariboo.com.
