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Golden Cariboo Intersects 275.31 m (903.2 ft) of 0.53 g/t Gold Including 50.99 m (167.3 ft) of 1.28 g/t Gold in the Halo Zone
(TheNewswire) November 19, 2024 – TheNewswire - Vancouver, Canada – G...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Intersects 275.31 m (903.2 ft) of 0.53 g/t Gold Including 50.99 m (167.3 ft) of 1.28 g/t Gold in the Halo Zone\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n November 19, 2024 –\n \n\n TheNewswire\n-\n \n\n Vancouver, Canada – Golden Cariboo Resources\nLtd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ)\nannounces today results from drill hole QGQ24-16 which intersected\n275.31 m (903.2 ft) of 0.53 g/t gold from a depth of 39.01 m (127.99\nft), including 50.99 m (167.3 ft) of 1.28 g/t gold from 39.01 m depth.\nThis is the initial drill hole from the current phase of drilling and\nrepresents strong widths and continuity of gold mineralization within\nthe Halo zone discovery.\n \n\n\n\n The drill hole, set up at an azimuth of 315\n \n\n º\n \n\n and inclination of -45\n \n\n º,\n \n\n was designed to intersect the\nnortheast trending mineralized quartz-carbonate+/-pyrite veins at a\nperpendicular angle, which are oblique to observed northwest trending\nlithological contacts and the mineralized zone. Several generations\nand types of quartz and quartz-carbonate veins are observed within the\nmineralized zone, and gold mineralization is associated with a\ncarbonate-sericite bleaching alteration of intermediate to mafic\nvolcanic host rocks.\n \n\n\n\n The hole encountered a fault at the overburden-bedrock\ninterface which resulted in no reliable recovery from the top of\nbedrock until a depth of 39.01 m, where the reported mineralized\ninterval begins. Drill holes QGQ24-17 and QGQ24-18 collared from the\nsame drill pad did not encounter this issue and recovered strongly\naltered volcanics containing quartz-carbonate+/-pyrite veins from a\nshallower depth. Additionally, the drill hole experienced significant\ndeviation with a steepening of 18\n \n\n º\n \n\n (to -63\n \n\n º\n \n\n ) and\nwestward deviation, which directed the drill hole along the\ninterpreted margin of the mineralized zone. Moving forward, the\nCompany has set out to complete a series of north-trending drillholes\nto define the Halo discovery (see Figure 1 enclosed), as a drilling\ndirection that is amenable to both intersecting northeast-trending\nmineralized veins and the northwest-trending mineralized zone.\n \n\n\n\n Golden Cariboo’s President and CEO, Frank Callaghan\nst...