Golden Cariboo Increases Strike Length of Known Gold Mineralization by 1 km Through Outcrop Sampling; Expands Surface Gold Mineralization to Northeast at Halo zone
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 Increases Strike Length of Known Gold Mineralization by 1 km Through
Outcrop Sampling; Expands Surface Gold Mineralization to Northeast at Halo zone
November 5, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) wishes to announce results from rock sampling during the 2024 field
campaign, which contains highlights of up to 8.47 g/t Au i n outcrop in the Halo zone and 1.13 g/t Au in
outcrop near the Pioneer showing, 1 km north-northwest from the nearest drill collar in the Halo zone.
A total of 16 rock samples were collected from outcrops at the Halo zone, North Hixon zone and Pioneer
area. In the Halo zone, a newly uncovered outcrop 101 m to the northeast from the nearest drill collar
contained grab samples of 8.47 g/t Au, 6.59 g/t Au and 2.39 g/t Au in altered andesite tuff with quartz-
carbonate veins. exposure similarly containing altered andesite tuff with quartz-carbonate veins near the
Pioneer showing, 1 km to the northwest, returned highlights of 1.13 g/t Au and 0.40 g/t Au (see Figure 3
enclosed for sample locations). https://goldencariboo.com
Golden Cariboo’s President and CEO Frank Callaghan stated “Although there is a lot of glacial cover on
this project, our geologists still managed to find new gold-bearing outcrops in areas of great significance.
We have now expanded the surface footprint of gold mineralization at the Halo zone to the northeast and
increased the strike length of our gold trend. We’re in a very large
gold system that is being demonstrated by multiple, varied work
programs”.
Figure 1 (left): New outcrop exposure of altered andesite tuff with quartz
veins from the Pioneer Area. Figure 2 (right): Oxidized and bleached altered
andesitic volcaniclastic with quartz vein from outcrop, returned 1.13 g/t Au.
Figure 1: Map of grab samples from the Halo zone and northern extensions.
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: 604-669-6463
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
the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward -looking
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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
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