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Summary of Golden Cariboo's Drilling to Date on the Quesnelle Gold Quartz Mine Property
(TheNewswire) August 20, 2024 – TheNewswire - Vancouver, Canada – Gol...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Summary of Golden Cariboo's Drilling to Date on the 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 August 20, 2024 –\n \n\n TheNewswire -\n \n\n Vancouver, Canada – Golden Cariboo Resources\nLtd. (\n \n\n “GCC” or the “Company”\n \n\n ) (\n \n\n CSE-\n \n\n GCC,\nOTC-GCCFF, WKN-A0RLEP\n \n\n ) is pleased to provide a\nsummary of drilling to date, following a review and evaluation of the\nintercepts at its\n \n\n Quesnelle Gold Quartz Mine\nproperty (the “Property”) near Hixon, British Columbia\n \n\n .\n \n\n\n\n A total of 4,144.4m in 15 diamond drill holes have been\ncompleted on three separate zones since commencement of drilling on\nthe\n \n\n Property by\n \n\n the\nCompany.\n \n\n Six holes (QGQ22-2 to -3, 23-4 and 24-5\nto -7 were drilled to test the Main zone in the vicinity of the\nhistorical workings dating from 1866 to 1939. The best results were\nobtained drilling to the southeast, perpendicular to previous drilling\nof 2,201m in 13 holes conducted between 1983 and 2008; the latter\ndrilling targeted the northwest trending andesite/metaclastic\nsedimentary contact.\n \n\n\n\n Phase 1 drilling has been completed and the drill crew\nis on break after which Phase 2 will commence. Drilling equipment\nremains on site.\n \n\n\n\n Consequently, QGQ23-04 intersected a broad zone of\npyritic fault hosted mineralization, below the historical gold bearing\nKoch vein in underground workings, returning 1.35 g/t gold (“Au”)\nover 41.0m (134.5 ft) , including 4.65 g/t Au over 7.15m (23.5 ft) and\n1.12 g/t Au over 18.7m (61.4 ft) (\n \n\n\n April 30, 2024 News\nRelease\n \n\n\n ) 30m to the south of the 0.69 g/t Au\nover 22.3m (73.2 ft) intercept obtained in QGQ22-02 (\n \n\n\n April 25, 2023 News\nRelease\n \n\n\n ). A zone of quartz-carbonate\nveinlets was encountered below the pyritic fault mineralization in\nQGQ23-04, yielding 2.77 g/t Au over 6.25m (\n \n\n\n April 30, 2024 News\nRelease\n \n\n\n ).\n \n\n\n\n Three holes (QGQ22-1 and 24-8 to -9) were drilled on\nthe North Hixon zone, initially targeting the Company’s 2019\ndiscovery of magnetite-pyrite bearing float which yielded 9.8 g/t Au.\nAlthough the source was not intersected the hole did intersect zones\nof pyritic fault mineralization and quartz-carb...