Golden Cariboo drills 99.8 m of 0.56 g/t Au at QGQ24-23
2025-12-16 18:35 ET – News Release
Mr. J. Frank Callaghan reports
GOLDEN CARIBOO RESOURCES INTERSECTS 0.56 G/T GOLD OVER 99.84M (327.56 FT)
Golden Cariboo Resources Ltd. has intersected 0.56 gram per tonne gold over 99.84 metres (327.56 feet) in QGQ24-23. Additionally, drill holes QGQ25-21 and QGQ25-24 each intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues while drilling. All holes ended within anomalous intersections.
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Continuing drilling in the fall is testing north of the Halo zone, with drill hole QGQ25-28 currently in progress. The company is targeting proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north.
The technical information in this news release has been reviewed by Jean Pautler, an independent consultant commissioned by the company. Ms. Pautler is a professional geoscientist (PGeo) registered with the Association of Professional Engineers and Geoscientists of the Province of B.C. and licensed by Engineers and Geoscientists B.C., and is a qualified person with respect to National Instrument 43-101.
About Golden Cariboo Resources Ltd.
Golden Cariboo is rediscovering the Cariboo gold rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle gold quartz mine property, which is bordered by Osisko Development, partly intertwined with them at the north end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare (234,501-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend, from the Cariboo Hudson mine north to the Quesnelle gold quartz mine property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo’s Quesnelle gold quartz mine property is four kilometres (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150 metres by 150 metres (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company’s Quesnelle gold quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which include some of the world’s largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
We seek Safe Harbor.
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