Aggressive drill program running
Golden Cariboo (WKN A402CQ / CSE GCC) has achieved another spectacular drilling success with the first extension hole to the Halo Zone gold discovery, demonstrating continuous gold mineralization over a section of more than 450 meters! Which included two thick, high-grade mineralization intercepts.
As CEO Frank Callaghan’s company reports, drill hole QGQ24-17 at the Quesnelle Quartz Gold Mine (QGQ) property intersected 452.51 metres of gold mineralization averaging 0.30 g/t gold from a depth of just 10.97 metres. This amazingly long mineralized interval also contains two high-grade zones – 1.01 g/t gold over a width of 27.32 metres and 1.00 g/t gold over 51.26 metres!
Gold discovery already significantly expanded
So, with this first extension hole, Golden Cariboo has already extended the Halo Zone discovery by 241 meters to the north – towards the claim boundary of land controlled by Osisko Development!
QGQ24-17 was the first in a series of north-facing holes that the Company planed to drill test the northwest-trending zone of mineralization and northeast-trending veins that host the gold mineralization. According to the data received to date – from holes QGQ24-16 and QGQ24-17 – the horizontal width of the mineralized zone is a strong 286 metres. However, hole QGQ24-17 was only stopped because it is so close to the boundary of the Osisko Development area. Which means that the true extent of mineralization there is not even known yet…
Golden Cariboo has already completed additional drilling to the north and northwest to further delineate the Halo Zone in these directions. However, the analysis results are still pending. Nevertheless, the company has already observed broad, continuous quartz-carbonate +/- pyrite veins containing visible gold there, too, as Golden Cariboo first reported at the end of October.
In any case, it is an “incredible” success to hit a gold zone of 452 meters with the very first drill hole, emphasizes CEO Frank Callaghan. The company is dealing with a gold system that extends for several kilometers – and is capable of producing mineralization zones of considerable size. And all this just a few kilometers from a community, railroad tracks and a major highway! So far, Golden Cariboo’s drilling has really only scratched the surface of the property and the Halo Zone. But that, Mr. Callaghan continues, will soon change with the company’s aggressive drilling program already underway!
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish comments, analyses and news on https://www.goldinvest.de. This content is intended solely for the information of readers and does not represent any kind of call to action; neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, they are in no way a substitute for individual expert investment advice; rather, they are advertising/journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially in the case of penny stocks, involves high risks that can lead to the total loss of the capital invested. GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the guarantee that the content of the articles offered here is up-to-date, correct, appropriate and complete. Please also note our terms of use.
In accordance with §34b WpHG (Securities Trading Act) and Section 48f (5) BörseG (Austrian Stock Exchange Act), we would like to point out that clients, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares in Golden Carbiboo Resources and therefore a possible conflict of interest exists. Furthermore, we cannot rule out the possibility that other market letters, media or research companies may discuss the stocks we recommend during the same period. This may result in the symmetrical generation of information and opinions during this period. Furthermore, there is a consulting or other service agreement between Golden Carbiboo Resources and GOLDINVEST Consulting GmbH, which constitutes a conflict of interest.
