Golden Cariboo samples 32 m of 0.87 g/t Au at Quesnelle
2024-05-07 09:21 ET – News Release
Mr. J. Frank Callaghan reports
GOLDEN CARIBOO INFILL DRILLING RESULTS COMPILED FOR QGQ22-01 YIELDING 0.87 G/T GOLD (0.57G/T CUT) OVER 32.0M (105 FT); QGQ24-08 IN PROGRESS TO TARGET UP-DIP EXTENT
Golden Cariboo Resources Ltd. has released additional results from the North Hixon zone at its Quesnelle gold quartz mine property near Hixon, B.C. Infill sampling was completed for QGQ22-01 in 2023 and recent compilation of data has highlighted expanded zones of gold mineralization than reported from initial sampling in
April 25, 2023 News Release . The 0.87 g/t gold (0.57g/t cut) over 32.0m (105 ft) intercept was returned from the bottom of the hole and is followed by only one 0.6m long barren intercept, so is still open at depth. Additional drilling at the North Hixon zone will target the western and vertical extension of multiple gold intercepts resulting from the 2022 drilling and trenching programs.
The following updated table of intercepts from QGQ22-01 includes results from infill sampling.
HOLE ID FROM (m) TO (m) INTERVAL (m) Au (g/t) cut Au (g/t)* INTERVAL (ft) QGQ22-01 173.3 182 8.7 0.52 0.52 28.5 including 176.3 177.5 1.2 1.45 1.45 3.9 and including 179.1 180.3 1.2 1.52 1.52 3.9 QGQ22-01 199.6 208.2 8.6 0.98 0.98 28.2 QGQ22-01 235.25 267.3 32.0 0.87 0.57 105.0 including 235.25 239.4 4.15 4.04 1.73 13.6 including 236 236.5 0.5 29.2 10.0 1.6 intervening interval 239.4 245 5.6 0.11 0.11 18.4 and including 245 252.8 7.8 0.80 0.80 25.6 including 245 246.3 1.3 3.25 3.25 4.3 intervening interval 252.8 261.3 8.5 0.11 0.11 27.9 and including 261.3 267.3 6.0 0.54 0.54 19.7 Intervals are downhole lengths and true width is not yet known * grades cut to 10 g/t Au NB pale red intervals are contiguous and comprise the entire red interval
The intercept in red includes two intervening intervals of low grade, which are shown separately and the high grade value of 29.2 g/t gold over 0.5m (1.6 ft), from a fault zone, has been capped at 10 g/t gold to moderate the nugget effect of gold within the second gold grade column. This results in 4.04 g/t gold (1.73 g/t cut) over 4.15m (13.6 ft) from the fault zone, followed by elevated to significant grades within pyritic, replacement style mineralization hosted by the phyllitic metasedimentary rocks, similar to those encountered in the Main zone drilling earlier this year.
Drilling is in progress, with approximately 1,564m (5,132 ft) in 7 holes completed to date by the Company at the Main and North Hixon zones. Assay results are pending for QGQ24-05 to QGQ24-07. The Company continues to test the Main zone’s northwestern extension of the greenstone-schist contact and have also stepped out 50m (164 ft) to the southwest from
QGQ22-01 at the North Hixon zone with QGQ24-08. Drilling of QGQ24-08 is in progress concurrently with core logging and sampling.
The technical information in this news release has been reviewed by Jean Pautler, P.Geo., a qualified person with respect to NI 43-101.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Project includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek which has seen small-scale placer production since the mid 1860s.
We seek Safe Harbor.
Related Posts
Tags
Share This
