Golden Cariboo Resources Adopts Innovative PhotonAssay™ Technology to Address Gold Exploration Challenges

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

This innovative approach 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 smaller sample sizes. The technology is especially promising for the company's Halo zone target, where recent drill holes have exhibited coarse, visible gold particles that traditional methods might not accurately quantify. By analyzing larger sample volumes, the PhotonAssay™ method promises to more accurately quantify both finely dispersed and coarse gold particles, addressing a fundamental limitation in gold exploration methodology.

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 of this technological approach, noting that it could optimize resource evaluation and enhance the transparency and reliability of assay data for future exploration and development efforts. The technical aspects of the study will involve analyzing core samples from previous drill holes, including the recent QGQ24-21 hole, with researchers anticipating receiving and reporting assay results in the coming weeks.

If successful, this study could potentially revolutionize gold exploration techniques by providing more accurate and representative analysis methods for precious metal deposits. The implementation of Chrysos PhotonAssay™ technology represents a significant advancement in mineral analysis, offering the potential to reduce sampling errors and improve confidence in resource estimates. This technological innovation could have broader implications for the mining industry, particularly for projects dealing with coarse gold mineralization where traditional assay methods have historically struggled to provide reliable results.