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Golden Cariboo Resources ( (TSE:GCC) ) just unveiled an announcement.
Golden Cariboo Resources Ltd. announced the premature termination of drill hole QGQ24-21 within a visible gold-bearing mineralized zone at the Halo zone due to technical issues. The drill hole, part of their exploration on the Quesnelle Gold Quartz Mine property, intersected significant mineralization before being halted to prevent equipment loss. The company plans to continue exploration with a new drill hole to further investigate the mineralized zone, which could have implications for their resource estimates and project development.
More about Golden Cariboo Resources
Golden Cariboo Resources Ltd. is a company focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property in British Columbia. The property is strategically located along a favorable corridor adjacent to significant geological faults and has a history of placer gold production.
YTD Price Performance: -29.00%
Average Trading Volume: 25,447
Technical Sentiment Signal: Buy
Current Market Cap: $4.67M
For a thorough assessment of GCC stock, go to TipRanks’ Stock Analysis page.