Golden Cariboo Resources Expands Field Program to Gold Ridge Claims in Eastern Block of Quesnelle Gold Quartz Project
GOLDEN CARIBOO RESOURCES LTD.
804 –750 WEST PENDER STREET
VANCOUVER, B.C. CANADA V6C 2T7
TELEPHONE: 604-682-2928
FAX: 604-685-6905
GOLDENCARIBOO.com
CSE Stock Symbol GCC
Golden Cariboo Resources Expands Field Program to Gold Ridge Claims in Eastern
Block of Quesnelle Gold Quartz Project
May 28, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC)
(OTC:GCCFF) (WKN:A 042CQ) (FSE:3TZ) is pleased to announce that the Company has
expanded its field activities to the Gold Ridge claims in the Eastern portion of the Company’s
Quesnelle Gold Quartz property (see enclosed figure below). Initial work will consist of
geological mapping, prospect ing and stream sediment sampling to advance the claims which
have seen minimal historical work.
The geology of the Gold Ridge claims includes portions of the Snowshoe Group, which are the
host group to Osisko Development Corp.’s Cariboo Gold project in Wel ls, British Columbia,
and will be targeted for geochemical sampling in the active program. The Gold Ridge claims
are bordered by Osisko Development’s claims to the North, South and West.
Figure: Golden Cariboo Mineral Claims showing the Hixon Gold Claim s and the Gold Ridge
Claims
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 almost
fully encircled on 3 of 4 sides by Osisko Development (NSE -ODV/TSXV-ODV). Historically, over 101
placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold
Quartz Mine property have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from,
Hixon in central British Columbia. The Project includes the Quesnelle Quartz gold-silver deposit, which
was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old
workings, is a placer creek which has seen small-scale placer production since the mid 1860s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
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Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward- looking information” within the meaning of applicable securities laws, including statements
regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of th e Company. Forward -
looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan ”, “anticipate”, “believe”, “estimate”, “expect” or similar
expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering;
the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property explorat ion
and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the
insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will r eceive all necessary
exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be us ed for
property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will
not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offeri ng, on the terms and conditions and in the
amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder
approval requirements on the basis anticipated.
Additionally, forward -looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans,
intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results,
performance or achievements expressed or impl ied by such forward- looking statements. Such risks include, without limitation: that the Company will not receive
the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the
Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may inc ur unanticipated costs; that the
Company may not have the resources required to pursue its exploration plans; that t he Company’s operations could be adversely affected by possible future
government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not parti cipate in the Offering on the terms and
conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal
valuation and minority shareholder approval requirements on the basis currently expected. Such forward -looking information r epresents management’s best
judgment based on information currently available. No forward -looking statement can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward- looking statements or information. Neither the Company nor any of its representatives make any
representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this ne ws release. Neither the Company nor
any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information
in this news release by you or any of your representatives or for omissions from the information i n this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update
or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.