Newly Acquired Claims to Undergo Initial Ground Surveys
Golden Cariboo Resources Ltd. (CSE:GCC; OTC:GCCFF; FSE:3TZ) has worked very successfully on the Quesnelle Gold Quartz Mine in the past year, which led to the discovery of the mineralized Halo and North Hixon zones, among others. The company now wants to build on this success. To this end, a new exploration plan has been developed for the current year, which builds on and aims to expand on recent successes. For the first time, the recently staked claims in the northern Cariboo Gold District are also coming into focus.
They cover an area of 91,085 hectares, with the company recently expanding its own property by another 96 hectares on February 11. The starting point for the new exploration efforts is the Halo Zone. It is defined by drill holes with published results and currently has a strike length of about 210 meters. The width of the deposit, which runs along a northwestern trend, is stated as 292 meters.
The northwestern extension of the Halo Zone has not yet been defined and thus remains open. The still open potential includes a 574-meter long section between the former Pioneer production site and the end of drill hole QGQ24-20. It has not yet been tested by drilling.
The initial focus of the new drilling program will be on continuing the northwestern step-out drilling along this trend and searching for additional high-grade areas in the Halo Zone. Golden Cariboo demonstrated how high-grade these zones can be last year when drill hole QGQ24-13 discovered 1.77 g/t gold over a length of 136.51 meters (!).
Golden Cariboo Aims to Prove There’s a Large Gold Deposit at Hixon
Also high priority for the company are diamond drilling operations to be conducted beyond the Halo Zone along the several-kilometer-long, yet untested strike on multiple parallel trends. This year’s drilling is set to begin at the southeastern extension of the North Hixon Zone. It encompasses a 1.2-kilometer long, untested section that runs along the strike of the Cayenne occurrence.
The Hixon deposit is of particular interest to Golden Cariboo because, as President and CEO Frank Callaghan emphasizes, the company not only wants to further expand the known mineralizations here but also prove that there is a large gold deposit at Hixon.
The area around the historic Quesnelle Quartz Mine is also interesting. It is called the Main Zone and covers a ground area of about 150 x 150 meters with underground workings. The area lies on a separate trend that runs parallel to the North Hixon Zone. Drilling to explore the northwestern or southeastern extensions of the mine has never been conducted in the past and is therefore a priority target for the company.
The Newly Acquired Claims Will Undergo Initial Ground Surveys
A special focus of this year’s exploration program will be the field work to be carried out in the coming months on the newly staked 91,085 ha claim group. Golden Cariboo’s goal here is to demonstrate the northwestern continuity of the major gold systems in the Cariboo Gold District.
The claims are so attractive to the company because their geological makeup is very similar to that of the Quesnelle Gold Quartz Mine property with its 5.3 million ounces of gold and the Spanish Mountain deposit with another 4.7 million ounces of gold. It is envisioned that field teams will likely conduct initial prospecting and mapping activities on the property in late spring. An airborne LiDAR survey is also planned to support the geological mapping work of the new project area.
