Golden Cariboo Resources Ltd. has intersected 0.56 grams per tonne of gold over 99.84 meters in drill hole QGQ25-23 from 182.20 meters depth at its Quesnelle Gold Quartz Mine property in central British Columbia. This intercept includes a higher-grade section of 1.00 g/t gold over 40.56 meters, with a narrower zone showing 9.99 g/t gold over 1.92 meters. The company reported that gold grades have been capped at 10 g/t for reporting purposes. Two additional drill holes, QGQ24-21 and QGQ25-24, intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues while drilling. Drill hole QGQ25-22 was terminated early due to excessive deviation and returned no significant results. All completed holes ended within anomalous intersections, suggesting mineralization continues beyond the drilled intervals. Interval widths reported currently have insufficient data to reliably estimate true width.
The ongoing fall drilling program is testing north of the Halo zone, with drill hole QGQ25-28 currently in progress. The company is targeting areas proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north. The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and is road accessible. Quality assurance and quality control samples, including blanks, standards and coarse reject duplicates, constitute 5% of the total number of samples. All reported drilling has been NQ core, which has been logged and sampled by company geologists based on lithology, alteration and mineralization. Samples were generally taken from 0.5 to 2 meter lengths, split in half, and shipped from the company's secure drill compound at Hixon.
Drill core samples were sent to ALS Canada Ltd.'s laboratory in North Vancouver, with samples internally sent to their Thunder Bay, Ontario facility for gold analysis using PhotonAssay™ technology. This method uses larger sample sizes (400-500 grams) compared to traditional fire assay methods, providing more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results. The ALS facilities are accredited to ISO 17025 standards and are entirely independent from the company. Samples were also analyzed for 36 elements by aqua regia digestion with an inductively coupled plasma atomic emission spectroscopy finish. The technical information in this release has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards.
The property is bordered by Osisko Development and located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare area. Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle property have recorded production, with successful placer mining continuing to this day. The geological setting shows strong similarities with the Spanish Mountain gold deposit located 120 kilometers southeast along the same trend. This intersection matters because it demonstrates continuity of mineralization in a historically productive region, potentially expanding the resource footprint and attracting further exploration investment in a jurisdiction with established infrastructure. The use of advanced assay methods like PhotonAssay™ provides more reliable data in coarse gold environments, reducing uncertainty for future resource estimation. The property's location along a major structural trend with historical production underscores its strategic importance in British Columbia's gold exploration landscape, where similar geological settings have hosted significant deposits.
