Golden Cariboo Terminates Drill Hole in Vein Zone Due to Proximity to Osisko Development Corporation’s Mineral Claims
GOLDEN CARIBOO RESOURCES LTD.
1100 - 1111 MELVILLE ST
VANCOUVER, B.C. CANADA V6E 3V6
TELEPHONE: 604-669-6463
GOLDENCARIBOO.com
CSE Stock Symbol GCC
Golden Cariboo Terminates Drill Hole in Vein Zone Due to Proximity to
Osisko Development Corporation’s Mineral Claims
October 22, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) announces that drill hole QGQ24-17 has been terminated in a vein zone at
a depth of 477.32 m (1566 ft), due to proximity to Osisko Development Corp. ’s (TSXV:ODV) mineral
claims. This is the first time this area has been drilled tested. Drill hole QGQ24 -17 was drilled at an
azimuth of 000 degrees and a dip of -45 degrees. See the map in Figure 1 for further details.
Golden Cariboo’s President and CEO, Frank Callaghan stated “We just kept hitting veining and alteration
in this drill hole! The only thing that stopped us from drilling further was the claim boundary with Osisko
Development Corp. Our team has seen similar styles of veining in this drill hole and the previous holes
that we saw at Halo zone. These are exciting broad vein zones, now we’ve just got to see what the assays
say.”
Figure 1: Current map of drill holes at the Halo zone
The technical information in this news release has been reviewed by Dr. Sarah Palmer, P.Geo., a
qualified person with respect to NI 43-101.
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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Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding
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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.
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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 used for
property exploration and for general working capital; that the Company will have the resources required to proceed with its e xploration plans; that the Company will
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