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Golden Cariboo Mobilizes Drill Crew to its Quesnelle Gold Quartz Mine Property
(TheNewswire) April 2, 2024 – TheNewswire - Vancouver, Canada – Golde...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Mobilizes Drill Crew to its Quesnelle Gold Quartz Mine Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n April 2, 2024 –\n \n \n TheNewswire -\n \n \n Vancouver, Canada – Golden Cariboo Resources\nLtd. (\n \n \n “GCC or the\nCompany”\n \n \n ) (\n \n \n CSE-\n \n \n GCC, OTC-GCCFF,\nWKN-A0RLEP\n \n \n ) announces its drill crew has been\nmobilized to a diamond drill on site at one of 54 permitted drill pads\nat the Company’s Quesnelle Gold Quartz Mine property near Hixon,\nBritish Columbia. Drilling is expected to commence immediately.\n \n \n \n \n The Company anticipates drilling to depths of\napproximately 350 meters this season, building off the successes of\nlast year’s program and will now target a greenstone contact and the\naccompanying, newly discovered replacement style mineralization.\n \n \n \n \n Company president and CEO, J. Frank Callaghan expressed\nenthusiasm, stating “It is exciting to have discovered replacement\nstyle mineralization associated with a greenstone contact. Replacement\nstyle mineralization (excluding the associated benefits of a\ngreenstone contact) is similar to what has been produced nearby at\nOsisko Development Corp’s Bonanza Ledge mine, that GCC’s team\noriginally discovered, developed, permitted and put into production\nbefore Osisko’s $330 million acquisition.”\n \n \n \n \n Mr. Callaghan continued “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 a greenstone\ncontact in addition to the similar A-veins, B-veins and replacement\nstyle mineralization that make up Osisko’s Bonanza Ledge\noperation.\n \n \n \n \n About Golden Cariboo Resources Ltd.\n \n \n \n \n Golden Cariboo Resources Ltd. is rediscovering the\nCariboo Gold Rush by proceeding with high-grade targeted drilling and\ntrenching programs on its Quesnelle Gold Quartz Mine Project which is\nalmost fully encircled on ...