Golden Cariboo Resources Ltd. has intersected 0.56 grams per tonne of gold over 99.84 meters in drill hole QGQ25-23 from 182.20 meters depth at its Quesnelle Gold Quartz Mine property in central British Columbia. This intercept includes a higher-grade section of 1.00 g/t gold over 40.56 meters, with a narrower zone showing 9.99 g/t gold over 1.92 meters. The company reported that gold grades have been capped at 10 g/t for reporting purposes. This broad mineralization intercept is significant because it demonstrates continuity of gold mineralization over substantial widths, which is crucial for establishing economic viability in mining projects. The presence of high-grade zones within broader mineralized envelopes often indicates potential for higher-grade shoots that could enhance project economics.
Two additional drill holes, QGQ24-21 and QGQ25-24, intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues while drilling. Drill hole QGQ25-22 was terminated early due to excessive deviation and returned no significant results. All completed holes ended within anomalous intersections, suggesting mineralization continues beyond the drilled intervals. This is important because it indicates the mineralized system extends beyond current drilling, leaving substantial exploration upside. Interval widths reported currently have insufficient data to reliably estimate true width, which means the actual dimensions of the mineralized zones could be different from reported drill intercepts.
The ongoing fall drilling program is testing north of the Halo zone, with drill hole QGQ25-28 currently in progress. The company is targeting areas proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north. The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and is road accessible. Road accessibility reduces infrastructure costs and logistical challenges for future development, making the project more economically attractive compared to remote properties requiring extensive infrastructure investment.
Quality assurance and quality control samples, including blanks, standards and coarse reject duplicates, constitute 5% of the total number of samples. All reported drilling has been NQ core, which has been logged and sampled by company geologists based on lithology, alteration and mineralization. Samples were generally taken from 0.5 to 2 meter lengths, split in half, and shipped from the company's secure drill compound at Hixon. Drill core samples were sent to ALS Canada Ltd.'s laboratory in North Vancouver, with samples internally sent to their Thunder Bay, Ontario facility for gold analysis using PhotonAssay™ technology. This method uses larger sample sizes (400-500 grams) compared to traditional fire assay methods, providing more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results.
The ALS facilities are accredited to ISO 17025 standards and are entirely independent from the company. Samples were also analyzed for 36 elements by aqua regia digestion with an inductively coupled plasma atomic emission spectroscopy finish. The technical information in this release has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards. This independent verification is crucial for investor confidence, as it ensures reported results meet regulatory standards for disclosure in the mining industry.
The property is bordered by Osisko Development and located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare area. Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle property have recorded production, with successful placer mining continuing to this day. The geological setting shows strong similarities with the Spanish Mountain gold deposit located 120 kilometers southeast along the same trend. This historical context is important because it demonstrates the region's proven gold endowment and suggests the geological conditions that formed nearby deposits may also be present at the Quesnelle property. The proximity to established deposits and mining operations reduces geological risk and provides analogs for understanding the mineralization style and potential scale.
