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Golden Cariboo Terminates Drill Hole in Vein Zone Due to Proximity to Osisko Development Corporation's Mineral Claims
(TheNewswire) October 22, 2024 – TheNewswire - Vancouver, Canada – Go...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Terminates Drill Hole in Vein Zone Due to Proximity to Osisko Development Corporation's Mineral Claims\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n October 22, 2024 –\n \n\n TheNewswire\n-\n \n\n Vancouver, Canada – Golden Cariboo Resources\nLtd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ)\n(FSE:3TZ)\n \n\n announces that drill hole QGQ24-17\nhas been terminated in a vein zone at a depth of 477.32 m (1566 ft),\ndue to proximity to Osisko Development Corp.’s (TSXV:ODV) mineral\nclaims. This is the first time this area has been drilled tested.\nDrill hole QGQ24-17 was drilled at an azimuth of 000 degrees and a dip\nof -45 degrees. See the map in Figure 1 for further details.\n \n\n\n\n Golden Cariboo’s President and CEO, Frank Callaghan\nstated\n \n\n “We just kept hitting veining and\nalteration in this drill hole! The only thing that stopped us from\ndrilling further was the claim boundary with\n \n\n Osisko Development Corp\n \n\n . Our team has\nseen similar styles of veining in this drill hole and the previous\nholes that we saw at Halo zone. These are exciting broad vein zones,\nnow we’ve just got to see what the assays say.”\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Figure 1:\n \n\n Current map of drill\nholes at the Halo zone\n \n\n\n\n The technical information in this news release has been\nreviewed by Dr. Sarah Palmer, P.Geo., a qualified person with respect\nto NI 43-101.\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 highly targeted drilling and\ntrenching programs on its Quesnelle Gold Quartz Mine property which is\nalmost fully encircled on 3 of 4 sides by Osisko Development\n(NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the\n90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold\nQuartz Mine property have recorded production and successful placer\nmining continues to this day.\n \n\n\n\n Golden Cariboo’s Quesnelle Gold Quartz Mine property\nis 4 km northeast of, and road accessible from, Hixon in central\nBritish Columbia. The\n \n\n Project\n \n\n includes the Quesnelle Quartz gold-silver deposit, which was\ndiscovered in 1865 in conjunction with placer mining activ...