Golden Cariboo Hits 0.29 g/t Gold Over 263.1 Metres

FULL DISCLOSURE: This is sponsored content for Golden Cariboo Resources.

Further assay results have been released by Golden Cariboo Resources (CSE: GCC) in relation to a recently conducted drill hole at its Quesnelle Gold Quartz Mine Property in British Columbia.

The company previously released partial results from hole QGQ24-08, which included an intersect of 61.4 metres of 0.58 g/t gold. Additional highlights from further assaying core from the hole include:

  • QGQ24-08: 0.29 g/t gold over 263.1 metres from a depth of 43.6 metres
    • Including 0.71 g/t gold over 42.9 metres
    • And includes 0.68 g/t gold over 41.85 metres

“This new 263.10m (863.2ft) blind discovery represents a new mineralized trend on the Quesnelle Gold Quartz Mine Property. This is truly a significant intercept in greenfield exploration,” commented Golden Cariboo CEO Frank Callaghan.

READ: Golden Cariboo Expands Exploration Program To Gold Ridge Claims

The company has now received assay results for core drilled to a depth of 324.96 metres, with assay results remaining outstanding through to depths of 712.01 metres. Logging and sampling has been completed on this remaining portion, with assays now pending.

Mineralization has been identified as being associated with the North Hixon zone, which was discovered while attempting to intersect the source of magnetite-pyrite bearing float which contained 9.8 g/t gold in hole QGQ24-01.

Golden Cariboo Resources last traded at $0.245 on the CSE.


FULL DISCLOSURE: Golden Cariboo Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of Golden Cariboo Resources. The author has been compensated to cover Golden Cariboo Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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