Golden Cariboo Resources Discovers Ninth Consecutive Hole with Visible Gold at Quesnelle Gold Quartz Property
On April 15, 2025, Golden Cariboo Resources Ltd. made an exciting announcement regarding the ongoing drilling at their Quesnelle Gold Quartz property in Vancouver, Canada. The Company identified a new zone of strong persistent gold mineralization in drill hole QGQ24-21, located on the Halo zone.
Strong Gold Mineralization and Visible Gold
The discovery of visible gold in QGQ24-21 marks the ninth consecutive hole with visible gold since the initial discovery of the Halo zone in July 2024. This mineralization is similar to that found in previous drilling at the Halo zone, with visible gold occurring in a stockwork of quartz-carbonate-pyrite veins. These veins are hosted in an intensely sericite and iron-carbonate altered greenstone package of intermediate to mafic volcanics.
Drilling and Mineralization Details
Drill hole QGQ24-21 intersected 257 meters (843.2 ft) of carbonaceous argillites in the hanging wall before encountering the greenstones. The mineralization lies in close spatial relation with shear zones at the contact, as observed in the previous drill hole QGQ24-20.
Impact on the Mining Industry and Investors
The consistent discovery of visible gold in drill holes at the Quesnelle Gold Quartz property is a significant development for the mining industry. This discovery could potentially lead to increased investor interest in Golden Cariboo Resources and the gold mining sector as a whole. Moreover, it may encourage further exploration and development of similar mineral deposits.
Effect on the Global Economy
The discovery of a large gold deposit could have a positive impact on the global economy, particularly in countries with significant gold production. An increase in gold production could lead to higher export revenues for these countries and contribute to their economic growth. Additionally, the increased demand for gold could drive up the price of the precious metal, potentially benefiting gold producers and investors.
Conclusion
Golden Cariboo Resources’ discovery of visible gold in the ninth consecutive drill hole at the Quesnelle Gold Quartz property is an exciting development for the mining industry and investors. The consistent discovery of gold mineralization in the Halo zone could lead to increased investor interest and further exploration of similar deposits. Furthermore, the potential economic benefits for gold-producing countries and the precious metal market as a whole make this discovery worth monitoring closely.
- Golden Cariboo Resources discovers visible gold in the ninth consecutive drill hole at the Quesnelle Gold Quartz property.
- Mineralization occurs in a stockwork of quartz-carbonate-pyrite veins in an intensely sericite and iron-carbonate altered greenstone package.
- The discovery could lead to increased investor interest and further exploration of similar deposits.
- The potential economic benefits for gold-producing countries and the precious metal market are significant.
