Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF) has reported exploration progress at its Quesnelle Gold Quartz Mine property in British Columbia, delivering multiple broad, mineralized intercepts that underscore the growing scale of its gold system.
Recent drill results include 275.31m at 0.53g/t gold in hole QGQ24-16, including a higher-grade interval of 50.99m at 1.28g/t, and 452.51m at 0.30g/t gold in hole QGQ24-17, with notable sub-sections of 27.32m at 1.01g/t and 51.26m at 1.00g/t. Hole QGQ24-14 returned 204.85m at 0.80g/t, including a significant 143.85m at 1.01g/t. These results build on previous success, such as QGQ23-04 which intercepted 4.65g/t over 7.15m and 1.12g/t over 18.7m. Additionally, hole QGQ24-08 encountered 263.10m at 0.29g/t, including 41.85m at 0.68g/t gold.
Visible gold has been observed in multiple drill holes across the project, a promising indicator of high-grade potential and continuity. The company’s ongoing drill programme continues to outline a large, near-surface gold-bearing halo zone, which has the potential to support a bulk-tonnage mining scenario. With drilling continuing to expand mineralized zones both laterally and at depth, Golden Cariboo is well-positioned to define a substantial resource in a historically productive but underexplored gold belt.
In addition to technical progress, the company has expanded its land position through the acquisition of the Washburn Lateral District Lot, further consolidating its footprint along the prospective trend. Golden Cariboo also received a five-year exploration permit, enabling it to execute up to 270 surface diamond drill holes and conduct comprehensive geophysical surveys—significantly increasing its capacity for sustained exploration.
Analyst coverage from Couloir Capital has initiated a “Buy” rating with a CA$0.40 price target, representing a projected upside of over 280% from current levels. Couloir highlights the company’s exploration success, project scale, and jurisdictional advantages as key drivers for investor interest. For investors seeking early-stage exposure to a growing gold system in a Tier 1 jurisdiction, Golden Cariboo offers a compelling combination of technical momentum, land scale, and emerging market recognition.
To find out more, please visit www.goldencariboo.com
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