Golden Cariboo Resources Adopts Advanced PhotonAssay Technology for Gold Exploration

Golden Cariboo Resources Ltd. is advancing its gold exploration techniques through an orientation study using Chrysos PhotonAssay™ technology at its Quesnelle Gold Quartz Mine property in central British Columbia, Canada. The company is collaborating with ALS Canada Ltd. to evaluate this non-destructive analysis method that employs high-energy photons to interact with sample materials. This technological approach represents a significant departure from traditional fire assay techniques that typically examine only 30-50 grams of material, whereas PhotonAssay™ can analyze up to 500 grams per assay, potentially providing more comprehensive and representative gold content measurements.

The innovative methodology specifically targets the persistent challenge known as the 'nugget effect', a phenomenon particularly prevalent in gold mineralization where coarse gold particles can lead to inaccurate assay results when using conventional methods. The technology shows particular promise for the company's Halo zone target, where recent drill holes have exhibited coarse, visible gold particles that traditional assays might not adequately capture. By analyzing substantially larger sample volumes, the PhotonAssay™ method promises to more accurately quantify both finely dispersed and coarse gold particles, potentially transforming how gold deposits are evaluated and characterized.

The orientation study will initially compare PhotonAssay™ results with traditional fire assay methods using existing core samples from previous drilling campaigns. Company President and CEO Frank Callaghan emphasized the potential significance of this technological approach, noting that it could optimize resource evaluation processes and enhance the transparency and reliability of assay data for future exploration and development efforts. The technical implementation involves analyzing core samples from previous drill holes, including the recent QGQ24-21 hole, with researchers anticipating receipt and reporting of assay results in the coming weeks.

If the study proves successful, this application of PhotonAssay™ technology could potentially revolutionize gold exploration techniques by providing more accurate and representative analysis methods for precious metal deposits. The collaboration with ALS Canada Ltd., a leader in analytical services, ensures professional implementation of the study using established laboratory protocols. The larger sample size capability of PhotonAssay™ addresses fundamental limitations in traditional gold assaying, potentially leading to more reliable resource estimates and better-informed exploration decisions across the mining industry.