Video Golden Cariboo Hits 1.46 g/t Gold Over 136 Meters

Sep 18, 2024

We invite you to watch J. Frank Callaghan, President & CEO of Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ), at the Precious Metals Summit 2024 in Beaver Creek, we discuss the company’s recent significant drill hole results of 1.46 g/t gold over 136 meters. Callaghan details the discovery process, highlighting the use of geophysics in locating the drill site. He draws parallels to his previous Barkerville discovery, emphasizing the significance of finding gold in previously unrecognized rock formations. Callaghan discusses market trends, the need for more young investors in the mining sector, and outlines Golden Cariboo’s near-term plans, including expanding their discovery and attracting attention from senior mining companies
Golden Cariboo Hits 1.46 g/t Gold Over 136 Meters | Frank Callaghan
Here are some key highlights:

  • Gold discovery significance: Frank Callaghan discusses the importance of their recent gold discovery, comparing it to a party waiting to start. Gold is at all-time highs, but equity prices haven’t caught up yet. He believes a surge is imminent.
  • Drill hole details: Golden Cariboo hit 1.46 grams per ton over 136 meters, a significant find. The discovery was based on trenching and geophysics, with additional results expected soon that might improve the initial findings.
  • Market reaction:The news generated a lot of interest, with a notable share volume surge. However, profit-taking by early investors tempered the market reaction, and Callaghan encourages them to reinvest in the company.
  • Comparison to Barkerville: The discovery is compared to a previous significant find at Barkerville in 2000, marking this as the most important discovery since then. It involves a rock formation not previously recognized for gold-bearing potential.
  • Future prospects: The discovery could expand further, with two parallel trends identified. Additional drill results are pending, and there is potential for larger-scale development that might attract the attention of senior gold companies.
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.

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