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Corrected: Golden Cariboo Drills 22.3m Intercept in Maiden Diamond Drilling Program
(TheNewswire) April 25, 2023 – TheNewswire - Vancouver, Canada - Golden Cari...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Corrected: Golden Cariboo Drills 22.3m Intercept in Maiden Diamond Drilling Program\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n April 25, 2023 –\n \n \n TheNewswire -\n \n \n Vancouver, Canada - Golden Cariboo Resources\nLtd. (the “Company”) (TSXV:GCC\n \n \n )\n \n \n |\n \n \n (\n \n \n OTC:GCCFF\n \n \n )\n \n \n |\n \n \n (\n \n \n WKN:A0RLEP) announces the\nreceipt of partial assay results from two diamond drill holes from the\nthree-hole, phase-one drill program at its Quesnelle Gold Quartz Mine\nProperty (the “Property”), located approximately 4 km northeast of\nHixon, in central British Columbia, Canada.\n \n \n \n \n Drill highlights include:\n \n \n \n \n \n \n Drill Hole QGQ22-02\n \n \n \n \n \n \n 22.3 m of 0.69 g/t gold\n \n \n \n \n \n \n Including –\n \n \n 2.1\n \n \n m of\n \n \n 5.73\n \n \n g/t\ngold\n \n \n \n \n \n \n Replacement mineralization visually similar to Osisko\nDevelopment Corp’s recently producing Bonanza Ledge\n \n \n ine\n \n \n \n \n \n \n \n \n Drill Hole QGQ22-01\n \n \n \n \n \n \n over\n \n \n 200m of infill sampling in\nprogress\n \n \n \n \n \n \n 1.3m of 3.25 g/t gold\n \n \n \n \n \n \n 0.6m of 2.65 g/t gold\n \n \n \n \n \n \n \n \n Golden Cariboo Director, Andrew H. Rees commented\n“The Company’s management and exploration teams are excited to\nhave encountered encouraging results from gold bearing quartz veins in\nits inaugural drill hole program as well as encountering replacement\nstyle mineralization similar to what has been produced at Osisko\nDevelopment Corp’s Bonanza Ledge mine. The Company’s exploration\nthesis is that its Quesnelle Gold Quartz project contains similar host\nrocks to Osisko’s Cariboo Gold project consisting of the Bonanza\nLedge mine and the multi-million ounce Cariboo Gold Mine that is\nexpected to go into production as early as this year. Having\npersonally been a part of the Bonanza Ledge discovery and bringing it\ninto production, it is very exciting to have encountered similar\nA-veins, B-veins and replacement style mineralization that make up\nOsisko’s Bonanza Ledge operation.”\n \n \n \n \n QGQ22-01 targeted the carbonate altered greenstone and\nlistwanite at the North Hixon\n \n \n Z\n \n \n one, about 700m north-northeast of...