Up to 1.17 g/t Gold Demonstrated
Early in the New Year, Golden Cariboo Resources Ltd. (CSE:GCC; OTC:GCCFF; FSE:3TZ) had already sent crews back to the Quesnelle Gold Quartz (QGQ) property – no wonder after the successes of 2024. (We reported.) Now the company presents initial drilling results and with these, a significant expansion of its Halo Zone discovery!
As the company has just reported, drill hole QGQ24-18 encountered 172.6 meters averaging 0.43 g/t gold starting from just 10.4 meters below the surface. Within this thick interval, there were also higher-grade intervals, including 26.3 meters at 0.88 g/t gold and 20.0 meters at 1.17 g/t gold. (However, core recovery in the 26.3-meter section was only 47%, which could result in slightly lower overall values due to the loss of mineralized soft sulfide-bearing, brecciated, fractured and/or altered sections.)
Known Gold Mineralization Significantly Expanded
In any case, drill hole QGQ24-18, with its 172.6 meters of mineralized material, extends the known gold mineralization by 60 meters from the location of drill hole QGQ24-13. At the same time, the mineralization was expanded 125 meters in depth. At the surface, the company had previously demonstrated up to 5.15 g/t gold in an outcrop. Additionally, Golden Cariboo identified 19.22 meters at 0.45 g/t gold from a depth of 351.66 meters in a deeper section of the drill hole.
QGQ24-18 was the third drill hole following the Halo discovery (QGQ24-13 to -15). The aim was to expand the mineralization and gain a better understanding of the lithological, structural, and vein geometries of the discovery. According to Golden Cariboo, the lithological contacts trend southeast with a steep dip to the southwest, while quartz-carbonate+/pyrite veins with visible gold occur both parallel to and oblique to the lithological contacts.
The company has already completed the next drill holes – QGQ24-19 and QGQ24-20 – in a northern orientation with 100-meter spacing to further expand the Halo discovery. The analytical results are still pending, but Golden Cariboo had previously reported encountering thick zones of quartz veins containing visible gold with these drill holes.
Frank Callaghan, President and CEO of Golden Cariboo, said: “Drill hole QGQ24-18 is another strong continuation of the discovery made last summer and underscores our growing confidence in the potential of the Halo Zone. The broad sections of gold mineralization, shallow overburden cover, flat topography, and location about 4 kilometers from a major highway in central BC (British Columbia) demonstrate that this discovery is exceptional.”
Conclusion: It is encouraging to see that Golden Cariboo is continuing directly in 2025 where it left off last year. In our view, the large thickness of the mineralized sections and the fact that they begin close to the surface are particularly convincing.
