Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF | FSE: 3TZ) has announced plans to commission an independent NI 43‑101 Mineral Resource Estimate for the Halo and Main zones at its Quesnelle Gold Quartz Mine property, located 4km northeast of Hixon in British Columbia’s Cariboo Gold District.
The forthcoming resource estimate will incorporate geological and assay data from the company’s first 28 NQ‑sized surface diamond drill holes completed on the property, along with up to nine historical drill holes situated at or near the Main Zone. Golden Cariboo said the decision reflects growing confidence in the continuity and strength of mineralisation observed across both target areas.
Frank Callaghan, president and CEO of Golden Cariboo Resources, commented, “Commissioning an independent resource estimate at this stage reflects the strength and consistency of the drilling results we have generated to date. From our very first holes, we have observed encouraging geological continuity and mineralisation across both the Halo and Main zones. While this work remains at the exploration stage, the data density and repeatability we are seeing have provided management with sufficient confidence to move forward with a formal NI 43‑101 resource estimation. We believe this represents an important milestone in systematically advancing the Property.”
The company noted that the estimate will mark the first NI 43‑101 resource for the Halo and Main zones and represents a key step in advancing the broader Quesnelle Gold Quartz Mine project.
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