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Trenching Results from New Discovery by Golden Cariboo Resources Ltd.
(TheNewswire) May 18, 2023 – TheNewswire - Vancouver, Canada –Golden ...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Trenching Results from New Discovery by Golden Cariboo Resources Ltd.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May 18, 2023 –\n \n \n TheNewswire -\n \n \n Vancouver, Canada –Golden Cariboo Resources\nLtd. (the “Company”)\n \n \n (TSXV:GCC\n \n \n )\n \n \n (\n \n \n OTC:GCCFF\n \n \n )\n \n \n (\n \n \n WKN:A0RLEP)\n \n \n is\npleased to announce\n \n \n a new discovery\n \n \n at the Company’s Quesnelle Gold Quartz Mine property near\nHixon, central British Columbia\n \n \n from its\ntrenching and regional mapping\n \n \n program\n \n \n in the\n \n \n autumn of\n2022.\n \n \n \n \n Three trenches and 9 test pits were excavated\ntargeting: the extension of the North Hixon zone, which returned 9.85\ng/t Au from local float in 2019; the favourable greenstone/phyllite\ncontact, and; areas of listwanite. A total of 6 chip, 13 channel, and\n46 grab samples were collected from the trenches. The North Hixon zone\nwas extended 100m to the southwest; grab samples of mineralized\ngreenstone-listwanite returned 0.76 g/t and 0.52 g/t gold, silicified\ngreenstone ran 1.31 g/t gold and a mineralized quartz vein yielded\n1.02 g/t gold. No significant results were obtained from the\nchip/channel samples except for 0.78 g/t Au across 0.25m from\nsilicified greenstone. However, difficulty was encountered sampling\nthe highly silicified zones resulting in collection of grab samples\nacross them. Trenching was also restricted to the drill trail to\nminimize disturbance.\n \n \n \n \n A new showing (Halo zone) was discovered 800m\nnorth-northwest of the Main zone, proximal to the favourable phyllite\n(sedimentary) and greenstone (volcanic) contact. The 10m long trench\nhere intersected altered phyllite bedrock 150m to the southwest of\naltered greenstone subcrop, which returned 1.34 g/t gold.\nMineralization is usually best developed in the greenstone, proximal\nto the phyllite contact. Only grab samples could be collected from the\nspoils along the trench sides due to the 6m depth of overburden,\nexcept for one channel sample which returned 0.45 g/t Au over 1m from\nclay-sericite altered phyllite. Grab samples of clay altered phyllite\nreturned 5.08, 2.97 and 1.01 g/t gold with 2.23 g/t gold from a\nsheared fault zone, and 1.63 and 0.88 g/t gold from sericitic fuchsite\nrich phylli...