Golden Cariboo Resources Reports Continued Visible Gold Mineralization at Quesnelle Property

Golden Cariboo Resources Ltd. has reported new visible gold mineralization in its ongoing drilling program at the Halo zone of the Quesnelle Gold Quartz property in British Columbia. The current drill hole, QGQ24-21, revealed multiple occurrences of visible gold within a stockwork of quartz-carbonate-pyrite veins hosted in altered greenstone formations. This discovery represents the ninth consecutive drill hole to intersect visible gold, building upon the company's initial Halo zone findings from July 2024 and highlighting a consistent pattern of mineralization.

The drill hole, positioned at a 355° azimuth and -45° inclination, was strategically designed to intersect multiple vein directions and lithological contacts. After penetrating 257 meters of carbonaceous argillites, the drilling encountered gold-bearing greenstones, continuing the success of previous exploration efforts. The mineralization discovered shares similarities with previous drill holes, particularly QGQ24-20, and is closely associated with shear zones at geological contact points. This consistency suggests a potentially extensive gold-bearing geological structure within the Halo zone, which could have significant implications for resource estimation.

Frank Callaghan, President and CEO of Golden Cariboo Resources, expressed enthusiasm about the discovery, emphasizing the promising start to the 2025 drilling season. The current drill hole remains in progress, with drilling continuing beyond 285.3 meters without yet reaching the lower boundary of the mineralized zone. This ongoing exploration indicates potential for additional mineralization at greater depths, which could substantially increase the property's resource potential. Geological experts, including qualified person Jean Pautler, have reviewed the technical information, lending credibility to the significance of the ongoing exploration efforts.

The property's location in central British Columbia, near historical placer gold mining regions, further underscores the potential for significant gold resources. The consistent gold intersections across multiple drill holes suggest the Halo zone may represent a substantial mineralized system rather than isolated occurrences. This discovery matters because it demonstrates the continuity of gold mineralization within the Halo zone, potentially indicating a larger, more economically viable gold deposit than previously anticipated. The implications extend beyond Golden Cariboo Resources to the broader mining sector in British Columbia, as successful exploration in this region could attract additional investment and development in the province's mineral resources sector.