Shares of Junior Miner Up Following Intersection at Old Gold Rush Region

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, July 18, 2024

This company is looking to rediscover the Cariboo Gold Rush through highly targeted drilling and trenching programs on its property and shares are on the rise on news of multiple intersections of gold.

Golden Cariboo Resources Ltd. (CSE: GCC) announced in a press release today that current drilling has intersected multiple examples of visible gold within quartz-carbonate +/- pyrite veins, ranging in size from 0.5 to 3.0mm. The company added that visible gold was seen intermittently in the three drill holes within broad zones of alteration and veining.

J. Frank Callaghan, President & CEO of Golden Cariboo, stated, “The presence of multiple visible gold intersections in the three drill holes at the Halo zone constitutes a new discovery on the property and a considerable step forward for this project. This adds to our previous successes where The Company has intersected gold mineralization in all holes to date, including multiple broad intercepts.”

The site is located in the remote Cariboo mountain region of British Columbia and is considered the region’s most famous gold rush. Canadian shares of Cariboo were trading up at $0.17 in morning trade.

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