Golden Caribbo 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 intercept is significant because it demonstrates continuity of mineralization over a substantial width, which is crucial for establishing potential economic viability in bulk-tonnage gold deposits. The presence of a high-grade core within this broader zone enhances the overall grade profile and suggests the system may contain more concentrated areas of gold accumulation.
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. Interval widths reported currently have insufficient data to reliably estimate true width. This implication is important as it indicates the mineralized system remains open in multiple directions, providing clear targets for future drilling campaigns to expand the known mineralization. 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. 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 context matters because it places Golden Cariboo's discovery within a proven gold-bearing district with established infrastructure and geological analogs that support the potential for significant gold endowment.
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. The use of advanced analytical techniques like PhotonAssay is particularly important for this type of deposit where coarse gold can create sampling challenges, ensuring reported results accurately reflect the true gold content. These rigorous procedures provide confidence in the data's reliability for investors and stakeholders evaluating the project's potential.
