Video – Golden Cariboo (CSE:GCC) Strikes Gold Again? Mining Legend on His Next Move

Nov 20, 2024

Hello,

We at Golden Cariboo Mining are excited to share an exclusive update from our CEO, Frank Callahan, a 30-year veteran in the mining industry and a proven leader in gold exploration and production. In this insightful video, Mr. Callahan discusses:

  • The immense potential of the Cariboo Gold Belt, one of Canada’s most prolific gold regions.
  • How our access to critical infrastructure and strong community partnerships sets us apart in the industry.

With gold prices reaching historic highs, we are confident that Golden Cariboo is poised for a transformative year ahead.

Thank you for your continued interest and support as we work to unlock the full potential of our projects.

Sincerely,
The Golden Cariboo Team
[CSE: GCC ]

Golden Cariboo: Striking Gold and Building for the Future
Here are some key highlights:

  • Proven Track Record (00:28)
    • Frank Callahan, CEO of Golden Cariboo, is a 30-year veteran in mining, credited with discovering multiple deposits and successfully putting two mines into production.
  • Key Reasons to Invest (00:28 – 01:31)
    • Strong management team with a proven history.
    • Exploration is focused on the prolific Cariboo Gold Belt in central British Columbia, rich in historical gold deposits.
  • Exploration Success (02:01 – 03:11)
    • Recent drill results highlight wide and promising deposits, with best grades around 1.77 g/t over 140 meters.
    • Challenges include limited outcrop due to glacial deposits, but geophysical methods have been effective.
  • Infrastructure Advantage (05:16 – 05:46)
    • Excellent proximity to infrastructure, including highways, railroads, hydro, and nearby communities.
    • The project site is highly accessible, enhancing its potential for cost-effective operations.
  • Regional Mining Activity (06:16 – 07:21)
    • The Cariboo Gold Belt remains underexplored, with limited competition.
    • Neighboring projects include major deposits like Blackwater (12M ounces) and Spanish Mountain (5M ounces).
  • Funding Challenges and Market Trends (07:52 – 08:55)
    • Capital raising for junior miners has been challenging, but rising gold prices are expected to boost interest in 2025.
    • Profits are strong for mid-tier and senior miners, signaling growth potential for juniors like Golden Cariboo.
  • Gold Market Optimism (08:21 – 08:55)
    • Gold prices are high, especially in Canadian dollars, providing a favorable environment for Canadian-based miners.
    • The company benefits from mining in Canadian dollars and selling in USD, leveraging currency advantages.
  • Future Plans (04:12 – 04:43)
    • Year-round drilling planned for 2025 to advance resource estimation and potentially reach a preliminary economic assessment (PEA).
    • Focus on expanding known deposits and validating the resource model.
We believe Golden Cariboo Resources represents an attractive opportunity, combining experienced management, a mining-friendly jurisdiction, significant project potential, and a favorable market position in the current gold environment.

For more detailed information about our company and investment opportunities, please visit our website: Golden Cariboo Resources – Golden Cariboo Resources CSE:GCC

If you have any questions or would like to discuss our company further, we would be happy to assist you.
Thank you for your interest in Golden Cariboo Resources.
We look forward to sharing our journey with you.

GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”                                            

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

Scott Young, Corporate Development
Tel: 705-888-2756

VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com

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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/

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