Golden Cariboo outlines nearly 1M oz inferred in BC
The company reports 175,000 oz. indicated and 995,000 oz. inferred gold at its Quesnelle property.
Golden Cariboo Resources, a Canadian mineral exploration company, has recently outlined an initial resource estimate of 175,000 indicated ounces and 995,000 inferred ounces of gold at its Quesnelle property in central British Columbia. This resource, which covers the Halo and North Hixon zones, is based on a database of 24 diamond drill holes totaling 8,466 meters in length.
The resource is complemented by 70.9 million tonnes grading 0.44 grams gold and 1.2 grams silver, and 2.63 million tonnes grading 1.2 grams silver. CEO Frank Callaghan stated that the resource "validates the strength of the Halo discovery." The Quesnelle property, located about 4 km northeast of Hixon and roughly 60 km south of Prince George, is part of a 949-sq.-km land package in the historic Cariboo gold district.
This property, which has year-round road access and is adjacent to the advanced-stage Cariboo project being developed by Osisko Development, has a history of gold exploration dating back to the 19th century Cariboo gold rush.
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