Newly acquired area with promising results
Golden Cariboo Resources (WKN A402CQ / CSE GCC) is currently focusing on expanding the newly discovered Halo Zone on its Quesnelle Quartz Gold Property (QGQ), which has already produced some spectacular drill results, with new drilling. At the same time, a comprehensive field campaign has also been carried out, which has now delivered additional promising results!
Golden Cariboo had already announced the discovery of an outcrop in the Halo Zone at the beginning of November, with up to 8.47 g/t gold in grab samples. In order to obtain more representative values, the company took another three panel samples over an area of 1 by 1 meter. And these also proved to be promising, as the highlight was 5.15 g/t gold!
Newly acquired area with promising trial results
In addition, CEO Frank Callaghan’s company has also sampled the area of the recently acquired Washburn Lateral claim and can now report 1.27 g/t gold from there. This value comes from a sample in an area that has not yet been drill tested and is located 137 meters southeast of the QGQ24-08 drill site.
According to Golden Cariboo, this sample consists of altered, andesitic volcanic rocks with quartz-carbonate-pyrite veining as can be regularly observed in the Main, Halo and North Hixon Zones. According to the company, this indicates that the North Hixon Zone continues onto the newly acquired area in a parallel trend to the Main Zone (Quesnelle Quartz Mine).
As CEO Callaghan explains, this year’s exploration campaign was therefor very successful, as it was able to further expand the gold system of the QGQ property, which already extends over several kilometers. Furthermore, the Golden Cariboo CEO added, these results indicate that there is significant potential for further prospective drilling at QGQ. Mr. Callaghan highlighted the southeast extension of the North Hixon Zone, which remains a priority target for Golden Cariboo.
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.
