Golden Cariboo Expands Gold Targets with MMI Soil Sampling
GOLDEN CARIBOO RESOURCES LTD.
1100 - 1111 M ELVILLE S T
V ANCOUVER , B.C. C ANADA V6E 3V6
T ELEPHONE : 604-669-6463
Golden Cariboo Expands Gold Targets with MMI Soil Sampling
January 21, 2025
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) wishes to announce that the assay results from its reconnaissance MMI soil
sampling program have been received from SGS Canada. The fifteen line kilometre program was
completed in autumn 2024 and included 606 soil samples over twenty eight 50 metre and 100 metre
spaced lines with 25 metre sample spacing. The footprint of the UTM-based grid is generally located
between the North Hixon zone through to the west of the Halo zone and from the north slope above the
Main zone through to Buckley Creek.
David Mark, PGeo, provided a memo to the Company and indicated that “the MMI soil survey has
revealed a zone of anomalous gold values that trends in a north to north-northwest direction across the
entire grid with a strike length of at least 1,650 metres and is open to the north and south. He further
indicated a direct correlation with the known mineralization of the Halo zone and the North Hixon zone.
Additional significant gold targets were also highlighted. Detailed analysis of the data is currently in
progress.
The soil samples were sent to the SGS Canada lab (“SGS”) in Burnaby, British Columbia for analysis.
SGS is the owner and sole provider of SGS MMI Technology. Proprietary analysis is performed on a 50
gram portion of the sample and the extracted solution is analyzed via ICP-MS.
The technical information in this news release has been reviewed by David Mark 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: 604-669-6463
GOLDENCARIBOO.com
CSE Stock Symbol GCC
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
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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 the 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
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 receive 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 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 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 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 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 exploration plans; that the 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 participate 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 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 place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any
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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.