UPDATE: Golden Cariboo Resources Ltd. (CSE: GCC) Expands Gold Targets with MMI Soil Sampling
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) wishes to announce that the assay results from its reconnaissance MMI soil sampling program have been received from SGS Canada. The fifteen line kilometre program was completed in autumn 2024 and included 606 soil samples over twenty eight 50 metre and 100 metre spaced lines with 25 metre sample spacing. The footprint of the UTM-based grid is generally located between the North Hixon zone through to the west of the Halo zone and from the north slope above the Main zone through to Buckley Creek.
David Mark, PGeo, provided a memo to the Company and indicated that the MMI soil survey has revealed a zone of anomalous gold values that trends in a north to north-northwest direction across the entire grid with a strike length of at least 1,650 metres and is open to the north and south. He further indicated a direct correlation with the known mineralization of the Halo zone and the North Hixon zone. Additional significant gold targets were also highlighted. Detailed analysis of the data is currently in progress.
The soil samples were sent to the SGS Canada lab (“SGS”) in Burnaby, British Columbia for analysis. SGS is the owner and sole provider of SGS MMI Technology. Proprietary analysis is performed on a 50 gram portion of the sample and the extracted solution is analyzed via ICP-MS.
The technical information in this news release has been reviewed by David Mark P.Geo., a qualified person with respect to NI 43-101.
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: 604-669-6463
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