Golden Cariboo Infill drilling results compiled for QGQ22-01 yielding 0.87 g/t gold (0.57g/t cut) over 32.0m (105 ft); QGQ24-08 in progress to target up-dip extent
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 Infill drilling results compiled for QGQ22-01 yielding 0.87 g/t gold
(0.57g/t cut) over 32.0m (105 ft); QGQ24-08 in progress to target up-dip extent.
May 7, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC” or the “Company”) (CSE -GCC,
OTC-GCCFF, WKN-A0RLEP) is pleased to report additional results from the North Hixon zone
at its Quesnelle Gold Quartz Mine property near Hixon, British Columbia. Infill sa mpling was
completed for QGQ22 -01 in 2023 and recent compilation of data has highlighted expanded
zones of gold mineralization than reported from initial sampling in April 25, 2023 News Release.
The 0.87 g/t gold (0.57g/t cut) over 32.0m (105 ft) intercept was returned from the bottom of the
hole and is followed by only one 0.6m long barren intercept, so is still open at depth. Additional
drilling at the North Hixon zone will target the western a nd vertical extension of multiple gold
intercepts resulting from the 2022 drilling and trenching programs.
The following updated table of intercepts from QGQ22-01 includes results from infill sampling.
HOLE ID FROM (m) TO (m) INTERVAL (m) Au (g/t) cut Au (g/t)* INTERVAL (ft)
QGQ22-01 173.3 182 8.7 0.52 0.52 28.5
including 176.3 177.5 1.2 1.45 1.45 3.9
and including 179.1 180.3 1.2 1.52 1.52 3.9
QGQ22-01 199.6 208.2 8.6 0.98 0.98 28.2
QGQ22-01 235.25 267.3 32.0 0.87 0.57 105.0
including 235.25 239.4 4.15 4.04 1.73 13.6
including 236 236.5 0.5 29.2 10.0 1.6
intervening interval 239.4 245 5.6 0.11 0.11 18.4
and including 245 252.8 7.8 0.80 0.80 25.6
including 245 246.3 1.3 3.25 3.25 4.3
intervening interval 252.8 261.3 8.5 0.11 0.11 27.9
and including 261.3 267.3 6.0 0.54 0.54 19.7
Intervals are downhole lengths and true width is not yet known * grades cut to 10 g/t Au
NB pale red intervals are contiguous and comprise the entire red interval
The intercept in red includes two intervening intervals of low grade, which are shown separately
and the high grade value of 29.2 g/t gold over 0.5m (1.6 ft), from a fault zone, has been capped
at 10 g/t gold to moderate the nugget effect of gold within th e second gold grade column. This
results in 4.04 g/t gold (1.73 g/t cut) over 4.15m (13.6 ft) from the fault zone, followed by elevated
to significant grades within pyritic, replacement style mineralization hosted by the phyllitic
metasedimentary rocks, similar to those encountered in the Main zone drilling earlier this year.
Drilling is in progress, with approximately 1,564m (5,132 ft) in 7 holes completed to date by the
Company at the Main and North Hixon zones. Assay results are pending for QGQ24 -05 to
QGQ24-07. The Company continues to test the Main zone’s northwestern exte nsion of the
greenstone-schist contact and have also stepped out 50m (164 ft) to the southwest from QGQ22-
01 at the North Hixon zone with QGQ24 -08. Drilling of QGQ24 -08 is in progress concurrently
with core logging and sampling.
The technical information in this news release has been reviewed by Jean Pautler, 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 m ining 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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