Golden Cariboo Identifies 1.8 Kilometre Long Anomaly In Geophysics Results

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

Golden Cariboo Resources (TSXV: GCC) has received a gift of sorts from Osisko Development, whom it was recently discovered previously conducted airborne mag and EM surveys over the the Quesnelle Gold Quartz Mine property.

The geophysical surveys were conducted during the 2016 – 2017 field season, without Golden Cariboo previously being aware of the work conducted. The survey covered over 1,000 hectares of the property, and was discovered via publicly available data published by Osisko.

Correlations are said to have been made with that data and limited surface mapping and trenching results conducted by Golden Cariboo. After the data was reviewed by Geotronics Consulting, who previously conducted an IP survey on the Quesnelle property, it is said that there is a strong northwest trend in the anomalies across the property, which agrees with known geology that has faulting and lithological contacts that trend to the northwest.

READ: Golden Cariboo Discovers New Zone At Quesnelle Gold Quartz Mine Property Following Trenching Program

The Main Zone and Halo Zone are said to occur within a strong northwesterly-trending magnetic high, while the North Hixon Zone is found on the northeastern edge of the same magnetic high, which is 1.8 kilometres long. Given that gold has been identified within altered greenstone which is not normally expected to be magnetic, it could indicate basaltic volcanic rocks or ultramafic rocks potentially occur at depth.

A conductor also occurs across the property in the same northwesterly direction to the west of known mineralization.

“The Company’s evaluation of Osisko’s data appears to support their staking program which almost entirely encircles Golden Cariboo’s Quesnelle Gold Quartz Mine Property. The Company is currently drilling at the Property and is extremely encouraged with initial findings, in part utilizing knowledge gained from Osisko’s geophysical data along with its own internal exploration efforts,” commented director Andrew Rees.

Current exploration efforts will include additional re-interpretation of the existing airborne geophysical data, which will be incorporated with surface mapping and geochemistry results.

Golden Cariboo last traded at $0.08 on the TSX Venture.


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.

Video Articles

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

New Found Gold: The Strategic Maritime Resources Purchase

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Golden Cariboo Hits 0.29 g/t Gold Over 263.1 Metres

Further assay results have been released by Golden Cariboo Resources (CSE: GCC) in relation to...
Tuesday, June 18, 2024, 08:48:05 AM

900-Foot Gold Vein: Future Results Could Be Even Better | Frank Callaghan – Golden Cariboo

In this interview with Frank Callaghan, President and CEO of Golden Cariboo Resources (CSE: GCC),...
Sunday, November 24, 2024, 01:54:00 PM

Golden Cariboo Intersects 61.4 Metres Of 0.58 g/t Gold In Partial Assays

Drilling continues for Golden Cariboo Resources (CSE: GCC), whom this morning released further results from...
Tuesday, June 11, 2024, 08:48:38 AM

Golden Cariboo Looks To Raise $2.5 Million To Support Further Exploration

Golden Cariboo Resources (CSE: GCC) is looking to raise further funds to support the exploration...
Thursday, May 23, 2024, 10:17:00 AM

Golden Cariboo Intercepts 8.3 Metres of Semi Massive Sulphides Under Drill Program

The first drill hole has been completed by Golden Cariboo (TSXV: GCC) under a 5,000...
Wednesday, June 14, 2023, 10:15:01 AM