June 24, 2025 – TheNewswire - Vancouver, British Columbia, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces that geological field personnel are now onsite at its Quesnelle Gold Quartz Mine property (the “Property”), located approximately 4 kilometers (2.5 miles) northeast of Hixon, central British Columbia, Canada.
Field personnel are following up significant targets generated by in-house expertise from recent drilling and experience within the belt. Drilling to date has indicated a general southeast to southerly strike, dipping 50 to 60° towards the southwest to west for the Halo and Main zones, with the contact between the upper argillite and the greenstone package being the primary structural control of mineralization. This contact, centred on the Halo zone and one of several on the Property, extends 1.2 km to the northern Property boundary and 1.7 km to the southern Property boundary. The three main orientations for the gold-bearing veins as identified using oriented core at the Halo zone are: contact parallel (140°/70SW°); steep northeast-southwest (040°/80°SE-80°NW) and; east striking (080°/30°S). Consequently, the preferred orientation for drill holes is northerly with a -45° dip.
Target generation included integration of conventional soil anomalies, airborne resistivity, MMI gold in soil (useful in the detection of mineralization beneath thick till cover), known showings, existing drillholes, and contouring large-scale lithological units. Two new potential targets were identified, Km Uno and Sunset. Strong alteration and promising veining have been identified at Km Uno in an area of a strong historical gold-silver-arsenic conventional soil anomaly, that would be subdued in areas of thick till cover, and promising geophysical anomalies. The Sunset target in the west is defined by a linear resistivity high anomaly with an historical conventional soil gold-silver-arsenic anomaly. In addition to prospecting, structural mapping and the self-potential ground geophysical survey announced in the news release dated June 3, 2025 (to detect the argillite-greenstone contact), an extension to the MMI soil grid is proposed (see Company website for map).
Targeting was also completed to continue the drilling campaign, with 15 holes proposed to define the current extension of the Halo zone along the black argillite-greenstone contact towards the Pioneer Minfile occurrence to the north-northwest and towards the Main zone to the south-southeast. Eight holes are proposed as northerly step outs in approximately 100m intervals, with nine holes proposed as southerly step outs in approximately 150m intervals.
The Company also plans to evaluate its large, more recently staked land package employing LiDAR, airborne geophysics (including electromagnetics) as well as boots on the ground prospecting, mapping and sampling.
The technical information in this news release has been reviewed by Jean Pautler, an independent consultant commissioned by the Company. Jean Pautler is a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC (“APEGBC”) and licensed by Engineers and Geoscientists BC, and is a “Qualified Person” with respect to NI 43-101.
Accompanying the field team is the Company’s Qualified Person, Ms. Jean Pautler, P.Geo., who recently received industry recognition at the 2025 KEG conference for her outstanding contributions to mineral exploration. Ms. Pautler will oversee and direct the current phase of fieldwork, which includes detailed geological mapping, sampling, and structural analysis of high-priority target areas identified during the 2024 exploration season.
“We’re excited to have Ms. Pautler back on the ground,” said Frank Callaghan, President and CEO of Golden Cariboo Resources Ltd. “Her award-winning expertise and deep familiarity with the region are invaluable as we advance our understanding of the Company’s highly prospective gold systems.”
The Company will provide further updates as results from the 2025 program become available.
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 bordered by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favorable 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-kilometer (56 mile) 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 kilometers (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 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
VISIT OUR WEBSITE FOR MORE DETAILS
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
