Golden Cariboo Assembles Mine Discovery & Development Technical Team
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 Assembles Mine Discovery & Development Technical Team
June 4, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC)
(OTC:GCCFF) (WKN:A042CQ) (FSE:3TZ) is pleased to announce the expansion of its technical
team on site. The technical team includes diverse skillsets and experience on world-class
deposits including what is now Osisko Development Corp.’s Cariboo Gold Project.
Roles of the technical team and consultants are as follows:
Qualified Person: Jean Pautler, P.Geo., is an independent consultant with her company JP
Exploration Services Inc. and has over 40 years of experience working in mineral exploration
with a particular focus on British Columbia and the Yukon . Past experience incl udes work on
orogenic gold deposits in the Wells-Barkerville, Bralorne, Cassiar and Atlin gold camps.
Structural Geology Consultant: Dr. Sarah Palmer, P.Geo., has over 35 years of experience in
economic geology and mineral exploration. Ms. Palmer’s previous work includes extensive work
on orogenic gold deposits in the Abitibi.
Project Manager: Angelique Justason has over 30 years experience serving in various positions
ranging from junior geologist to project manager. She was instrumental in the delineation of the
Bonanza Ledge Deposit, now a part of Osisko Development’s Cariboo Gold Project.
Project Geologist: Myles Dickson , B.Sc., has over 10 years of mineral exploration experience
working on gold, copper and uranium projects. Projects worked on include the Cariboo Gold
Project (Osisko Development Corp,) The Rook 1 Project (NexGen Energy Ltd.) and the Triple R
Deposit (Fission Uranium Corp.).
Senior Geologist: Trevor Smith , G.I.T., has 7 years of experience in the mineral exploration
industry across North America and Europe, having worked on several gold projects including
the Shovelnose Gold Deposit in British Columbia (Westhaven Gold Corp.) and early -stage
Archean orogenic gold in Ontario.
Junior Geologist: Julia M ehner, M.Sc., has experience working in both Germany and Finland
exploring for precious metals as well as battery metals.
Company president and CEO, J. Frank Callaghan stated “I’m excited to welcome a diverse and
world-class technical team to work with the Company at our Quesnelle Gold Quartz Mine
property. Our technical team was part of the group that originally discovered and developed
Osisko Development’s near -term producer Cariboo Gold Project. We believe the opportunity
exists to find and develop a substantial gold deposit and we now have the group in pl ace to
dynamically put that goal to action.”
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
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 activi ties and plans of the
Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “wil l”, “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 exploration 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 used for property exploration and for general working capital; that the Company will have the resources required t o proceed with its
exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that t he insider will participate in the
Offering, 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 ri sks, 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 achievement s expressed or implied 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 incur unanticipated costs; that the Company may not have the resources required to pursue its explor ation plans; that the Company’s
operations could be adversely affected by possible future government legislation policies and controls or by changes in appli cable laws and
regulations; that the insider may not participate in the Offering on the terms and c onditions 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 approva l requirements on the
basis currently expected. Such forward- looking information represents 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 pl ace 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 news 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 fro m the information in 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.