Golden Cariboo Completes 754 m Drill Hole Ending in Mineralization and Applies to Register Additional Mineral Claims
Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces that drill hole QGQ25-28 was completed on March 19, 2026 to a total length of 754.69 m (2,476 ft), ending in mineralization approximately 12 m (39.37 ft) from Osisko Development Corp.’s claim boundary. The work was carried out at the Company’s Quesnelle Gold Quartz Mine Property, located approximately 4 kilometers northeast of Hixon and 50 kilometers southeast of Prince George, British Columbia.
The end of drill hole QGQ25-28 is located approximately 283 m (928.48 ft) beyond the end of drill hole QGQ25-25, which ended in mineralization. Attached is a photo showing the final four core boxes from drill hole QGQ25-28, which display veining, silicification and disseminated pyrite mineralization. Assays are pending.
Maps and pictures are available at Golden Cariboo Website
In addition, the Company has applied to register an additional 1,283.59 ha (3,171.82 acres) within and adjacent to its existing 94,899 ha (233,500.54 acres).
Frank Callaghan, President and CEO of Golden Cariboo Resources, stated:
“QGQ25-28 appears to be a strong step-out hole, drilled to 754 m, that continued to encounter the same alteration and mineralization we’ve been seeing and ultimately ended in mineralization just 12 m from the Osisko Development claim boundary. The extension beyond QGQ25-25 and still finishing in mineralization supports the potential for a robust system. We are now looking forward to the assays as we continue to test the extent and continuity of the system. Additionally, we are looking to bolster our land package in preparation for future work on our regional targets and test the northern portions of the Spanish and Eureka thrust faults.
The technical information in this news release has been reviewed and approved 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.
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, partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favourable 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 with successful placer mining continuing 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 and developed over a footprint of about 150m x 150m (< 6 acres) at the Main zone straddling Hixon Creek. Overall, the geological setting of the gold mineralization at the Company’s Quesnelle Gold Quartz Mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) towards the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits which include some of the world’s largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
