Spectacular Halo Zone discovery expanded!
Only recently, Golden Cariboo Resources Ltd (CSE:GCC; OTC:GCCFF; FSE:3TZ) attracted attention with a spectacular gold discovery in the Halo Zone of the Quesnelle Gold Quartz property (QGQ). An outstanding 136.51 meters with 1.46 g/t gold was detected. The recently released results from the second drill hole in the Halo Zone now show that this thick, near-surface mineralization continues to the north!
As Golden Cariboo recently announced, drill hole QGQ24-14 intersected 204.85 meters of gold mineralization with an average of 0.80 g/t gold – from the surface! This also includes a 143.85 meter thick mineralized interval with 1.01 g/t gold!
According to CEO Frank Callaghan, the continuity of the broad mineralization of the Halo Zone, which was discovered with the aforementioned drill hole QGQ24-13 (we reported.), has now been proven. QGQ24-14 was drilled from the same location as QGQ24-13 and, as Golden Cariboo explained, the gold mineralization at depth in hole QGQ24-14 extends approximately 100 metres from hole QGQ24-13 at depth.
These are fantastic results that confirm that this is a continuous, broad zone of gold mineralization which starts at surface and remains open in all directions. This means that there is potential to extend the mineralization even further with additional work. As CEO Callaghan also explained, the results of holes 13 and 14 are interpreted to show that the Halo Zone is a stand-alone trend, independent of the North Hixon Zone 474 meters to the southeast. There, Golden Cariboo had proven gold mineralization over a length of 263 metres with drill hole QGQ24-08.
Understandably, the Golden Cariboo team is keen to expand this discovery as quickly as possible, especially in the current very positive gold price environment. Accordingly, crews are already in the field preparing for the next phase of exploration and drilling. First, however, the results of the third drill hole drilled to date in the Halo Zone are still pending, which, like the previously reported drill holes, revealed numerous instances of visible gold. Golden Cariboo is obviously gearing up for a truly hot fall!
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