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Golden Cariboo Resources ( (TSE:GCC) ) just unveiled an update.
Golden Cariboo Resources plans to commission an independent NI 43-101-compliant mineral resource estimate for the Halo and Main zones at its Quesnelle Gold Quartz Mine property near Hixon, B.C. The estimate will draw on 28 company drill holes and up to nine historical holes, with a Qualified Person overseeing database validation, geological modeling, and resource classification.
Management says the step, taken unusually early in the exploration cycle, reflects strong geological continuity and consistent assay results across both zones, marking a key milestone in advancing the project. Ongoing drilling will continue to test mineralization beyond the initial resource area and could support future updates, though the company emphasizes that any mineral resources defined will not yet demonstrate economic viability.
More about Golden Cariboo Resources
Golden Cariboo Resources Ltd. is a Canadian mineral exploration company focused on gold, advancing its Quesnelle Gold Quartz Mine property in the historic Cariboo Gold District of central British Columbia. The company is pursuing highly targeted drilling and trenching across a 94,899-hectare land package adjacent to major structures and near Osisko Development’s Cariboo Gold Project.
YTD Price Performance: 63.64%
Average Trading Volume: 340,751
Technical Sentiment Signal: Hold
Current Market Cap: C$10.88M
Find detailed analytics on GCC stock on TipRanks’ Stock Analysis page.