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Golden Cariboo Intersects 85.83 m (281.59 ft) of 0.55 g/t Gold, Including 17.06 m (55.97 ft) of 1.75 g/t Gold from Surface
(TheNewswire) October 8, 2024 - Vancouver, Canada – Golden Cariboo Resources Ltd...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Intersects 85.83 m (281.59 ft) of 0.55 g/t Gold, Including 17.06 m (55.97 ft) of 1.75 g/t Gold from Surface\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n October 8, 2024 -\n \n\n Vancouver,\nCanada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC)\n(OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ)\n \n\n announces\ntoday an intersection in drill hole QGQ24-15 of 85.83 m (281.59 ft) at\n0.55 g/tonne gold from surface, including 17.06 m (55.97 ft) of 1.75\ng/t gold.\n \n\n The intersection in drill hole\nQGQ24-15 represents continuity of the broad and from surface gold\nmineralization at the Halo zone, previously intersected in drill holes\nQGQ24-13 and QGQ24-14.\n \n\n Drill hole QGQ24-15\nencountered a higher volume of a volcanic flow unit in comparison to\nholes QGQ24-13 and QGQ24-14, which is observed to be less amenable for\nveining and gold mineralization.\n \n\n\n\n Additionally, drill hole QGQ24-11 intersected 65.27 m\n(214.14 ft) of 0.25 g/t gold, including 11.09 m (36.38 ft) of 1.00 g/t\ngold.\n \n\n Drill hole QGQ24-11 encountered a fault at\nthe top of bedrock followed by a mineralized portion of the Halo zone\nuntil a depth of 86 m (282.15 ft). Subsequent drilling will provide\nfurther insight into the geometry of the faulting and the volcanic\nflow unit and will enhance targeting capabilities within the Halo\nzone.Mineralization comprises quartz-carbonate veining containing low\nto moderate concentrations of pyrite +/- visible gold within broad\niron-carbonate +/- sericite alteration envelopes in variably altered\nvolcaniclastic and volcanic rocks. Drill hole QGQ24-15 was drilled\nfrom the same pad as QGQ24-13 and QGQ24-14. See Figure 1 and Figure 2\nfor further context about these intersections.\n \n\n\n\n The discovery at the Halo zone and subsequent oriented\ncore and field data analysis by the technical team indicates several\nimportant points about this gold system. The mineralized veins are\nsubvertical to vertical and are striking to the northeast oblique to\nobserved lithological contacts that strike northwest, three phases of\ndeformation are observed in outcrop, and later faulting appears to be\nan important conduit for gold mineralization.\n \n\n\n\n Golden Cariboo’s President and CEO, Frank Callaghan\nstated “Drilling in the Halo zone has resumed to foll...