Couloir Capital Report on Golden Cariboo Resources Inc.: A New Chapter in the Cariboo Gold Rush

Investment Highlights

• Led by a team that restarted the gold rush in the Cariboo mining camp of BC.
• The Quesnelle Gold Quartz Mine Project is located in a similar setting to Barkerville – a historical hard rock gold mine found by following placer creeks.
• Historical gold and silver production from hard rock mines near Hixon confirms that the Cariboo Camp extends on trend +75 km north of Wells–Barkerville.
• Recent drilling intervals of gold mineralization over 260m show potential for bulk tonnage targets on the project.
• Visible gold in current drilling indicates potential for high-grade assays from mineralized targets.
• Strike extension from historical mines to new drilling intercepts extends for over 1.0 km on trend.
• The company is funded to continue the 2024 drilling program.
• Recommendation: Buy for exposure to gold resource discovery in a Tier 1 jurisdiction as the market delivers record gold prices.

Key Financial Data (C$):

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.

GOLDEN CARIBOO RESOURCES LTD      
“J. Frank Callaghan”

J. Frank Callaghan, President & CEO
Tel:  604-551-7685

This article contains a summary of Couloir Capital’s research report, which has been prepared by an analyst employed by or contracted with Couloir Capital Ltd. The views expressed in the report reflect the analyst’s personal views on the securities and the issuer. The analyst’s compensation is not directly or indirectly related to any specific recommendations. Couloir Capital may hold financial interests in the securities of Golden Cariboo Resources and has provided services to the company in the past.
For further details, please refer to the full disclaimer on page 24 of the original research report.