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The latest update is out from Golden Cariboo Resources ( (TSE:GCC) ).
Golden Cariboo Resources Ltd. has announced an update on its PhotonAssay orientation study, which utilizes advanced Chrysos PhotonAssay technology for gold analysis at its Quesnelle Gold Quartz Mine property. This study aims to address the nugget effect in precious metals exploration and improve assay turnaround times. The company has contracted ALS Canada Ltd. to conduct the study, and results from the photon assay may lead to a shift from traditional fire assays to this new method for future samples. The ongoing exploration efforts are expected to provide valuable insights, potentially enhancing the company’s operations and positioning within the gold exploration industry.
More about Golden Cariboo Resources
Golden Cariboo Resources Ltd. is engaged in gold exploration and is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs at its Quesnelle Gold Quartz Mine property in central British Columbia. The property is strategically located along a favorable corridor adjacent to significant geological features and has a rich history of placer gold mining.
Average Trading Volume: 168,950
Technical Sentiment Signal: Sell
Current Market Cap: C$4.56M
For a thorough assessment of GCC stock, go to TipRanks’ Stock Analysis page.