Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) has announced the completion of five diamond drill holes, including QGQ26-34, targeting high priority structural features adjacent to the established Halo zone on its Quesnelle Gold Quartz Mine property in British Columbia. The company also expanded the database for its upcoming maiden Mineral Resource Estimate (MRE) to include up to nine historical drill holes alongside its first 30 surface diamond drill holes, following property-wide data validation.
Drill holes QGQ26-30 through QGQ26-34 have been completed, with core logging and sampling in progress. Assays are 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 the MRE. This addition expands the study to encompass a comprehensive dataset that strengthens the geological model.
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.”
The technical information in this news release has been reviewed and approved by Gordon Gibson, a Professional Geoscientist (P.Geo.) registered with APEGBC and a Qualified Person under NI 43-101.
The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and includes the Quesnelle Quartz gold-silver deposit discovered in 1865. The property is bordered by Osisko Development and lies along a favorable corridor adjacent to the Spanish and Eureka thrust faults, spanning 94,899 hectares. The geological setting shows similarities with the Spanish Mountain gold deposit, a sediment-hosted vein deposit considered part of the epizonal orogenic subclass.
For further information, visit the company’s website at www.goldencariboo.com.
