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The latest announcement is out from Golden Cariboo Resources ( (TSE:GCC) ).
Golden Cariboo Resources Ltd. announced a successful reanalysis of drill hole QGQ24-20 in the Halo zone using PhotonAssay™ technology, resulting in a 5.9% increase in gold grade compared to traditional fire assay methods. This enhancement not only validates previous results but also highlights the presence of coarse gold mineralization, reinforcing confidence in the company’s geological model and guiding future exploration efforts in the mineral-rich Halo zone.
More about Golden Cariboo Resources
Golden Cariboo Resources Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, located in British Columbia, Canada, aiming to capitalize on the historical Cariboo Gold Rush.
Average Trading Volume: 147,897
Technical Sentiment Signal: Sell
Current Market Cap: C$3.86M
See more insights into GCC stock on TipRanks’ Stock Analysis page.