Golden Cariboo Resources Ltd. has expanded its Quesnelle Gold Quartz Mine Property by staking 90,989 ha (224,052 acres) of contiguous mineral claims in the northern region of the Cariboo Gold District.
Gold en Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces the staking of 90,989 ha (224,052 acres) of contiguous mineral claims to its Quesnelle Gold Quartz Mine Property (the “Project”) in the northern region of the Cariboo Gold District. This brings the total land held by the Company to 95,122 ha (235,264 acres), making it the third largest claim holder in the Cariboo Gold District.
The new claims encompass an area with a similar geological setting to the Project, including a history of placer gold production and limited modern exploration for lode gold. The potential for significant orogenic gold systems in the northern region of the Cariboo Gold District was identified following the Company’s recent discovery of the Halo zone, which yielded 1.77 g/t gold over 136.51 m in diamond drill hole QGQ24-13. Following this discovery, the Company staked a geological belt encircling a regional-scale intrusion known as the Naver pluton. This belt contains key geological criteria encountered on the Project and at major gold deposits in the Cariboo Gold District, including: Nicola Group (Quesnel terrane), which contains the host rock formations to the Project and several others in the Cariboo Gold District, including the 4.7 Moz Spanish Mountain Deposit; the Snowshoe Group (Barkerville subterrane), which contains the host rock formations to the 5.3 Moz Cariboo Gold Project currently under construction by Osisko Development Corp. (TSXV: ODV); major thrust faults on the terrane boundary between Quesnel terrane and the Barkerville subterrane, namely the Eureka and Spanish thrusts, which are the inferred deep-seated crustal faults that produced orogenic gold systems across the Cariboo Gold District
GOLD MINING EXPLORATION CARIBOO GOLD DISTRICT QUE SSCLE GOLD QUARTZ MINE PROPERTY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Osisko Development surges on permitting milestone for Cariboo gold projectNo 1 source of global mining news and opinion
Read more »
Golden Retriever Getting Golden Puppy Sibling for Christmas DelightsSocial media users adored the interaction between the pups in the viral clip, with one saying the 'head nods and paw stomps are the cutest.'
Read more »
Vegas Golden Golden Knights Defenseman Avoids Discipline for Questionable HitIt doesn't seem likely the NHL is going to give a Vegas Golden Knights defenseman a call following a huge hit against the Toronto Maple Leafs.
Read more »
Golden Bachelor's Sandra ‘Enjoyed’ Meeting Golden Bachelorette’s Gary‘Golden Bachelor’ alum Sandra Mason met Gary Levingston at the season 1 finale for ‘The Golden Bachelorette’
Read more »
ATEEZ Strikes gold again, 'GOLDEN HOUR: Part.2' tops the charts, wins heartsTopping the charts and winning awards is something K-pop powerhouse group ATEEZ has gotten used to in recent years.
Read more »
Oakland’s new speakeasy is a sonic-listening bar called MoonglowThe hidden bar, accessed via golden doorbell, is in the Pakistani party restaurant, Gold Palm.
Read more »