Golden Cariboo Resources Advances Drilling at Halo Zone, Quesnelle Gold Quartz Mine Property
Golden Cariboo Resources completed two additional diamond drill holes targeting the western contact of the Halo zone, with core logging underway and results pending, as the company explores a historically productive gold trend in British Columbia.
Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) has provided an update on its drilling program at the Halo zone of the Quesnelle Gold Quartz Mine Property, located approximately 4 kilometers east of Hixon, British Columbia. The company completed two additional surface diamond drill holes from the same drill pad, situated a few meters south of the previous QGQ25-28 collar.
The first hole, QGQ26-31, was drilled to a depth of about 109 meters (356 feet) with an orientation of 270°/-53° to target the western contact of the Halo zone. The contact was successfully located at approximately 79 meters (258 feet) depth. A second hole, QGQ26-32, was oriented 270°/-45° and collared a few meters west of QGQ26-31. This hole was cased beyond the contact and drilled to a depth of about 103 meters (337 feet). Core logging is currently in progress.
Meanwhile, QGQ26-29 continues to be hand split, with about two days remaining. Samples are regularly shipped to MSALABS in Prince George for analysis. The company will provide updates as results become available.
The Quesnelle Gold Quartz Mine property is situated along a favorable corridor adjacent to the Spanish and Eureka thrust faults, covering 94,899 hectares (234,501 acres). Historically, over 101 placer gold creeks on the 90-kilometer trend from the Cariboo Hudson mine north to the property have recorded production, with successful placer mining continuing to this day. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150 meters by 150 meters at the Main zone straddling Hixon Creek.
Golden Cariboo’s exploration efforts are focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs. The property is bordered by Osisko Development and partly intertwined with the Cariboo Gold Project. The geological setting of gold mineralization at the Quesnelle Gold Quartz Mine property shows strong similarities with the Spanish Mountain gold deposit, located 120 kilometers southeast along the same geological trend. The Spanish Mountain deposit is considered a sediment-hosted vein (SHV) deposit belonging to the epizonal orogenic subclass, which includes some of the world’s largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia.
For more information, visit Golden Cariboo's website.