Golden Cariboo Intersects New Discovery with Multiple Examples of Visible Gold in Each of Three Drill Holes at the Halo Zone 830m from the Quesnelle Gold Quartz Mine
GOLDEN CARIBOO RESOURCES LTD.
1100 –1111 MELVILLE STREET
VANCOUVER, B.C. CANADA V6E 3V6
TELEPHONE: 604-669-6463
FAX: 604-669-3041
GOLDENCARIBOO.com
CSE Stock Symbol GCC
Golden Cariboo Intersects New Discovery with Multiple Examples of Visible Gold in Each of
Three Drill Holes at the Halo Zone 830m from the Quesnelle Gold Quartz Mine
July 18, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE: GCC) (OTC: GCCFF)
(WKN: A402CQ) (FSE: 3TZ) wishes to announce that current drilling in six drill holes, QGQ24-10 through
QGQ24-15, are targeting the Halo zone. Early success is indicated by three drill holes, QGQ24 -13
through QGQ24-15 which have intersected multiple examples of visible gold within quartz-carbonate +/-
pyrite veins, ranging in size from 0.5 to 3.0mm. The first observed example of visible gold is present at
32.00m (104.99 feet) in QGQ24 -13 (see Figure 2). Visible gold is seen intermitte ntly in the three drill
holes within broad zones of alteration and veining. The Halo zone is 400 meters (1312.34 feet) to the
Northwest of Hole QGQ24-09 (see map in Figure 4) and potentially represents a separate trend from the
North Hixon zone. The six di amond drill holes QGQ24 -10 through QGQ24 -15 are the first drill holes
drilled at the Halo zone to date with no historic drilling. The drill hole collars for these three holes are
830m (2723.10 ft) from the closest drill hole collar at the Quesnelle Gold Quartz Mine (QGQ23-03).
Golden Cariboo’s President and CEO stated “The presence of multiple visible gold intersections in the
three drill holes at the Halo zone constitutes a new discovery on the property and a considerable step
forward for this project. This adds to our previous successes where The Company has intersected gold
mineralization in all holes to date, including multiple broad intercepts.”
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.
GOLDEN CARIBOO RESOURCES LTD
J. Frank Callaghan, President & CEO
Tel: 604-551-7685
Figure 1: Example of visible gold from QGQ24-13
Figure 2: Example of visible gold from QGQ24-13
Figure 3: Example of visible gold intersected in QGQ24-14.
Figure 4: Map of Halo zone and North Hixon zone drilling and assays to date.
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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 fut ure business activities and plans of the Company. Forward -looking
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that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proc eeds 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.
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exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, o r 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 e xploration plans; that the Company will
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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
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amount currently expected by management, or at all; and that the Company may not be a ble to rely on the exemption from the formal valuation and minority
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