Golden Cariboo Resources Intends to Commission Independent NI 43-101 Mineral Resource Estimate for Halo and Main Zones

Core Viewpoint - Golden Cariboo Resources Ltd. is commissioning an independent Mineral Resource Estimate (MRE) for the Halo and Main zones at its Quesnelle Gold Quartz Mine property, reflecting confidence in the drilling results and marking a significant milestone in advancing the property [1][3]. Group 1: Mineral Resource Estimate (MRE) Details - The proposed MRE will utilize data from the first 28 NQ-sized surface diamond drill holes and up to nine historical drill holes at the Main zone [2]. - The MRE will be prepared by a Qualified Person as per NI 43-101 standards, including validation of the drill database, geological modeling, and classification of the mineral resource [4]. - The decision to undertake an MRE at this stage is atypical for early-stage exploration but is justified by the consistency of geological and assay results [5]. Group 2: Ongoing Drilling Programs - Current drilling programs are ongoing and aim to test the mineralized footprint beyond the areas planned for the initial MRE, with additional results potentially supporting future resource updates [6]. - The company emphasizes that mineral resources are not mineral reserves and do not demonstrate economic viability [7]. Group 3: Company Background and Property Information - Golden Cariboo Resources Ltd. is focused on targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, which is strategically located in the Cariboo Gold District of British Columbia [10]. - The Quesnelle Gold Quartz Mine property is situated 4 kilometers northeast of Hixon and includes the Quesnelle Quartz gold-silver deposit, which has historical significance dating back to 1865 [11].