Golden Cariboo Resources (CSE:GCC) has announced a significant new discovery at the Halo Zone, 830 meters from the Quesnelle Gold Quartz Mine. The company revealed that three of the six drill holes targeting the Halo Zone have intersected multiple instances of visible gold. This discovery is based on early results from drill holes QGQ24-13 through QGQ24-15, which showed visible gold within quartz-carbonate veins ranging from 0.5 to 3.0 mm in size. Notably, the first instance of visible gold was observed at a depth of 32.00 meters in drill hole QGQ24-13.

Golden Cariboo’s President and CEO, commented in a press release: “The presence of multiple visible gold intersections in the three drill holes at the Halo zone constitutes a new discovery on the property and a considerable step forward for this project. This adds to our previous successes where The Company has intersected gold mineralization in all holes to date, including multiple broad intercepts.”

The visible gold was found intermittently in the three drill holes, within broad zones of alteration and veining. The Halo Zone is located 400 meters northwest of Hole QGQ24-09 and may represent a separate trend from the North Hixon zone. These six diamond drill holes are the first to be drilled at the Halo Zone, marking a significant step in exploration as there is no historic drilling data for this area. The drill hole collars for these discoveries are 830 meters from the closest drill hole collar at the Quesnelle Gold Quartz Mine (QGQ23-03).

Golden Cariboo Resources Ltd. focuses on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property. This property is almost fully surrounded on three sides by Osisko Development. Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production, and successful placer mining continues today.

Located 4 km northeast of Hixon in central British Columbia, the Quesnelle Gold Quartz Mine property is road accessible and includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 during placer mining activities. Hixon Creek, which runs through the old workings, has seen small-scale placer production since the mid-1860s.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.