Strike length of known gold mineralization extended by 1 km
Golden Cariboo Resources (CSE GCC / WKN A402CQ) has attracted attention in recent weeks and months with excellent drill results. Early observations from the next several drill holes which have been completed, once again show visible gold during drill core logging prior to sampling for assay. In addition to the drilling, CEO Frank Callaghan’s company also taken rock samples from the surface and are reporting encouraging results.
Golden Cariboo has just announced, up to 8.47 g/t gold was found in an outcrop in the Halo Zone, where the company achieved its most recent major drilling successes. In addition, 1.13 g/t gold was found in an outcrop near the Pioneer area. And this is located around 1 kilometer north-northwest of the current drill site in the Halo Zone.
Very large gold system identified
In total, the Golden Cariboo team collected 16 rock samples from outcrops in the Halo, North Hixon and Pioneer zones. Of particular interest: In the Halo Zone, where the most recent successful drilling has been reported, grab samples of 8.47 g/t gold, 6.59 g/t gold and 2.39 g/t gold in altered andesite tuff with quartz-carbonate veining were discovered in an outcrop 101 meters northeast of the nearest drill site.
A similar outcrop near the Pioneer area, discovered 1 kilometer to the northwest, also had altered andesite tuff with quartz-carbonate veining. Assays here included 1.13 g/t gold and 0.40 g/t gold.
According to Golden Cariboo’s CEO Callaghan, despite strong glacial cover on the project, the company’s geologists have succeeded in discovering new gold-bearing outcrops in areas of major significance. Golden Cariboo has thus extended the extent of surface mineralization of the Halo Zone to the northeast and extended the strike length of its gold trend significantly.
As Mr. Callaghan puts it, “We are in a very large gold system that is being proven by multiple, different work programs.”
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