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Golden Cariboo Correlates Known Gold Mineralization to 1.8km Long Geophysical Anomaly
(TheNewswire) Vancouver, BC - TheNewswire - June 6, 2023 - Golden Carib...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Correlates Known Gold Mineralization to 1.8km Long Geophysical Anomaly\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n June 6, 2023 -\n \n \n Golden Cariboo Resources Ltd. (the “Company”)\n \n \n (TSXV:GCC\n \n \n )\n \n \n (\n \n \n OTC:GCCFF\n \n \n )\n \n \n (\n \n \n WKN:A0RLEP)\n \n \n is pleased to report that significant correlations have been\nmade during an initial study of limited surface mapping and trenching\nresults along with data acquired from Osisko Development’s\n(ODV:NSE/TSXV) 2016-2017 airborne mag and EM survey which includes\nover 1000ha of the Quesnelle Gold Quartz Mine Property (‘the\nProperty’).\n \n \n \n \n Geotronics Consulting Inc., who visited the Property in\n2017 to conduct an IP survey, reviewed the ground and airborne data.\nHighlights of the findings state “\n \n \n What is\nimmediately apparent in examining the magnetic and EM maps is that\nthere is a strong northwest trend in the anomalies across the\nProperty.  This completely agrees with the known geology which shows\nfaulting and lithological contacts as trending northwesterly. The\nmagnetics also show the Main Zone and the Halo Zone to occur within a\nfairly strong northwesterly-trending magnetic high within the Property\nand the North Hixon Zone occurs along the northeastern edge of this\nsame high. However, gold mineralization within the known zones occurs\nwithin an altered greenstone which would generally not be expected to\nbe magnetic. Therefore, the magnetic high may be caused by basaltic\nvolcanic rocks or ultramafic rocks, possibly at depth, which are known\nto occur within a few kilometers to the southeast. It would appear\nthat these rock-types are related to the known gold mineralization and\ntherefore the possibility exists that mineralization occurs along this\nentire strike length within the Property which is 1,850 meters.\n \n \n \n \n The magnetics also show an easterly-trending lineation\nof magnetic lows across the northern part of the property strongly\nsuggesting that it is reflecting a fault which would therefore be\ncrossing the northwesterly-trending faults. Areas of cross-faulting\nare prime areas for the emplacement of mineralizing fluids, and this\nis evidenced by the...