Golden Cariboo Resources Intersects 0.89 g/t Gold over 70.65 m (231.79 ft) from Near Surface

Core Viewpoint - Golden Cariboo Resources Ltd. has reported promising results from diamond drill holes QGQ25-26 and QGQ25-27 at its Quesnelle Gold Quartz Mine property, indicating significant gold mineralization in the Halo zone [1][5]. Summary by Sections Drill Results - Drill hole QGQ25-27 intersected 0.89 g/t gold over 70.65 meters (231.79 feet) from a depth of 14.20 meters (46.59 feet) within the Halo zone [1][2]. - Drill hole QGQ25-26 showed intersections of 0.47 g/t gold over 4.44 meters (14.57 feet) and 0.56 g/t gold over 4.09 meters (13.42 feet) [2]. - The results from QGQ25-27 included higher-grade intervals of 3.25 g/t gold over 8.20 meters (26.90 feet) and 3.86 g/t gold over 5.20 meters (17.06 feet) [2]. Technical Details - Drill hole QGQ25-27 was drilled at an azimuth of 353° and was terminated prematurely due to technical issues [4]. - Drill hole QGQ25-26 intersected andesitic flow, which is not favorable for quartz veining [4]. - The recovery from the reported interval was approximately 15.8% [3]. Company Insights - The President and CEO of Golden Cariboo Resources Ltd., Frank Callaghan, expressed confidence in the scale and continuity of the mineralization within the Halo zone, reinforcing the potential for a significant mineralized system [5]. - The ongoing drilling program aims to expand the Halo zone and test broader trends, contributing to the dataset for a planned mineral resource estimate [5]. Laboratory Analysis - Drill core samples were analyzed at the accredited MSALABS laboratory using advanced techniques, including PhotonAssay™ for a more thorough assessment of gold distribution [6]. - The laboratory procedures included crushing and pulverizing samples, followed by aqua regia digest and ICP-AES finish for 35-element analysis [6]. Property Overview - The Quesnelle Gold Quartz Mine property is strategically located 4 kilometers (2.5 miles) northeast of Hixon, British Columbia, and is part of a historically productive gold region [9][10]. - The property covers an area of 94,899 hectares (234,501 acres) and is adjacent to significant geological features, enhancing its exploration potential [9].