Golden Cariboo Resources Presents a Compelling Investment Opportunity

Jan 7, 2025

Golden Cariboo Resources (CSE: GCC | OTC: GCCFF | WKN: A0R2CQ | FSE: 3TZ) presents a compelling investment opportunity driven by its strategic positioning in the historic Cariboo Mining District of British Columbia, Canada.

The Company is focused on rediscovering the Cariboo Gold Rush with its flagship Quesnelle Gold Quartz Mine Property, which spans over 95,122 hectares (235,264 acres). The property’s location near Hixon, central BC, about 55 kilometers south of Prince George, benefits from existing infrastructure, including highway access and lodging, allowing for year-round exploration. Recent exploration efforts by Golden Cariboo have been notably successful.

The company has reported a new discovery over a strike length in excess of 1.3 km (open in all directions), including impressive drill results, with significant intersections such as 136.51 meters of 1.77 g/t gold and 452.51 meters from near surface of 0.3 g/t gold, including 27.32 meters of 1.01 g/t gold and 51.26 meters of 1 g/t gold. These results highlight the potential for substantial world-class gold deposits. This, coupled with the discovery of visible gold in multiple occurrences, underscores the property’s rich mineralization. The company’s exploration strategy includes highly targeted drilling and trenching programs aimed at expanding known gold zones and uncovering new ones, with results indicating that the gold mineralization extends over considerable distances, thereby increasing the potential for a multi-kilometer strike length of known deposits.

Under the leadership of Frank Callaghan, President and CEO, Golden Cariboo Resources has a management team with decades of experience in the mining sector, particularly in the Cariboo region. This experience has been pivotal in not only identifying but also advancing projects from discovery through to production. Callaghan’s track record includes bringing two gold mines into operation, which bodes well for the potential development of Golden Cariboo’s assets.

The company’s market positioning is further enhanced by its proximity to Osisko Development Corp.’s reported 5.3 million ounce Cariboo Gold Project, which is advancing towards production. This project was originally developed by Golden Cariboo’s team and was subsequently acquired by Osisko for $338 million.

This adjacency suggests that Golden Cariboo could benefit from similar geological conditions and infrastructure, potentially making it an appealing target for acquisition or joint ventures. The company’s land package, especially in areas like the Rainbow Claim Group and White Pine Property, is situated within the heart of the historical Barkerville Gold Belt, increasing its attractiveness for a potential joint venture.

Financially, Golden Cariboo has been active in securing capital through non-brokered private placements, indicating investor confidence and providing the company with the necessary funds to continue its aggressive exploration programs. The company’s year-round exploration increases the potential to significantly impact its stock price.

SUBSCRIPTION AGREEMENT FORMS

In summary, Golden Cariboo Resources offers investors a chance to participate in a potentially world-class gold exploration venture in a proven gold district, supported by a seasoned management team, substantial exploration progress, and strategic location advantages.

DOWNLOAD INVESTOR PRESENTATION FOR MORE DETAILS

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Project includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek which has seen small-scale placer production since the mid 1860s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”

J. Frank Callaghan, President & CEO
Tel: 604-682-2928

VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com

LIKE AND FOLLOW
Instagram, Facebook, Twitter, LinkedIn

Find Out More About Golden Cariboo Resources

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

https://goldencariboo.com/