Golden Cariboo Confirms Geological Model with Intercept of Gold-Mineralization in Recent Step-Out Drilling
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 Confirms Geological Model with Intercept of Gold-Mineralization in Recent Step-
Out Drilling
May 27, 2025
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) announces that the most recent drill hole QGQ25-24 on the Halo zone at the
Quesnelle Gold Quartz Mine property (the “Property”), 4 km (2.5 miles) from Hixon, BC, has intersected
strong quartz-carbonate veining, including visible gold (“VG”) measuring 1.0 x 0.5 mm (for pictures see the
Company’s website https://goldencariboo.com/latest-news). QGQ25-24 marks a 175 m (574 ft) step-out
from previous drilling, confirming the Company's geological model of a strongly mineralized zone associated
with the lithological contact between argillite and greenstones.
The footprint of all mineralization drilled at the Halo zone currently measures up to approximately 470 m by
290 m by 320 m (1540 ft by 950 ft by 1050 ft) and remains open along strike and towards depth, including
approximately 620 m (2030 ft) of untested north-northwest strike towards the Pioneer limited past producer
and 750m (2460 ft) of untested south-southeast strike towards the Main zone target at the past producing
Quesnelle Quartz Mine. With its current step -out drill program, the Company is focusing on the strike
expansion of the Halo zone mineralization.
Overall, the geological setting of the gold mineralization at the Company’s Quesnelle G old Quartz Project
shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) towards the
southeast along the same geological trend . As a sediment -hosted vein (SHV) deposit, the Spanish
Mountain deposit is considered to bel ong to the same subclass of orogenic gold deposits as some of the
world’s largest deposits, including, e.g. Muruntau, Uzbekistan (>80 Moz) and Bendigo, Australia (>20 Moz)
(Klipfel 2005).
Golden Cariboo’s President and CEO, Frank Callaghan, stated, “Each new drill hole in our step-out program
continues to validate the strength and accuracy of our geological model. The consistency of mineralization
we are seeing, particularly along the contact between argillite and greenstones, is highly encouraging. With
visible gold now identified in 12 out of 13 holes, the potential scale of this zone is becoming increasingly
evident. What makes this even more exciting is the near -surface nature of the mineralization and the
property’s close proximity to infrastructure. These advantages position us well for future development and
underscore the exceptional opportunity we have at the Quesnelle Gold Quartz Mine property.”
The latest drill hole, QGQ25 -24, was drilled as a 175 m (574 ft) step-out towards the north of previous
drilling and was set up at an azimuth of 016° and inclination of -45° to target a strong soil geochemical
(MMI) gold anomaly related to the inferred surface expression of the contact between upper argillite and
greenstones. It was collared in the upper argillite unit and intersected the lithological contact into the upper
greenstone domain at a depth of 140.43 m (460.7 ft). Similar to all previous drill holes that intersected this
contact, a strong stockwork of quartz -carbonate veins, including visible gold, is developed in association
with brittle shear zones on both sides of the lithological contact (Photos 1 & 2). QGQ25-24 was terminated
within the mineralized zone at a depth of 173.50 m (569.2 ft), due to technical issues.
Geological 3D modelling of the recent drill results (Figures 1 & 2) shows a general moderately steep
westerly to west-southwesterly dip of lithological units in the area of the Halo zone discovery. A unit mainly
comprising carbonaceous argillites (upper argillite) forms the stratigraphically highest member of the
lithologies drilled at the Halo zone. The upper argillite overlies a package of greenstones, divisible into three
domains, including upper greenstones (intermediate to mafic tuffs and volcanic sediments ), variolitic
greenstones (mainly variolitic and pillowed mafic to intermediate flows) , and lower greenstones (fine-
grained to aphanitic intermediate to mafic flows and volcaniclastics). The lower boundary of the greenstone
package is marked by a lower argillite unit.
Gold mineralization, associated with multi-directional quartz-carbonate veining, which is related to multiple
brittle shear zones, has been intersected throughout the greenstone package and to a lesser degree in the
upper argillite. A zone of particularly high grades occurs within the upper greenstone domain in close spatial
association with the contact between the upper argillite and the greenstone package. For the first time, this
zone was intersected in its entirety in the top of drill hole QGQ24-20, resulting in an intercept of 1.45 g/t Au
and 16.05 g/t Ag over 137.17 m (450.0 ft), including 4.61 g/t Au and 86.26 g/t Ag over 23.20 m (76.1 ft)
(February 25, 2025 News Release).
The recent drill holes, QGQ24-21, QGQ25-23, and QGQ25 -24, all intersected a visually strong quartz-
carbonate vein stockwork along the argillite to greenstone contact (assays pending), including several
occurrences of visible gold -bearing veins (e.g. May 13, 2025 News Release ). The observations made in
these drill holes correlate very well with the aforementioned high-grade zone, which marks significant step-
outs from previous drilling along strike towards the north-northwest, while simultaneously proving the down-
dip potential (Figures 1 & 2). To date, 12 out of 13 drillholes intersect ing this high-grade zone at the Halo
target showed visible gold mineralization.
The technical information in this news release has been reviewed by Jean Pautler, an independent
consultant commissioned by the Company. Jean Pautler is a Professional Geoscientist (P.Geo.) registered
with Engineers and Geoscientists BC and a “Qualified Person” with respect to NI 43-101.
Photo 1: Quartz-carbonate stockwork hosting visible gold (1.0 x 0.5 mm) in intensely sericite-iron-
carbonate-fuchsite altered andesite tuff (upper greenstone domain). Drill hole QGQ25-24 at 152.95 m
(501.8 ft).
Photo 2: Example of intense quartz-carbonate vein stockwork at the contact between upper
argillite and upper greenstone in QGQ25-24. The yellow box marks the location of Photo 1.
Figure 1: Reported gold intercepts in the Halo and North Hixon zones, plan view.
Figure 2: Cross-section through geological 3D model of the Halo zone. Lithological domains are shown as
3D-shaded silhouettes of their contact surfaces. Red dashed lines mark the inferred boundaries of the
high-grade mineralization zone associated with the argillite-greenstone contact. Depth of field is 250 m
(820 ft).
Figure 3: Location of the Halo Zone discovery and nearby infrastructure
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 bordered by Osisko
Development (NSE:ODV/TSXV:ODV), partly intertwin ed with them at the north end of the Cariboo Gold
Project, and located along a favorable corridor adjacent to the Spanish and Eureka thrust faults over a
94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer (56 mile)
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 kilometers (2.5 miles) northe ast of, and road
accessible from, Hixon in central British Columbia. The Property 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: 604-669-6463
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
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