Golden Cariboo Reports Finalized Assays for the Halo Zone Discovery Hole Intersection of 136.51 m (447.87 ft) at 1.77 g/t Gold, Including 23.89 m (78.38 ft) at 3.32 g/t Gold Near Surface, which Includes 5.17 m (16.96 ft) at 13.74 g/t Gold
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 Reports Finalized Assays for the Halo Zone Discovery Hole Intersection of
136.51 m (447.87 ft) at 1.77 g/t Gold, Including 23.89 m (78.38 ft) at 3.32 g/t Gold Near Surface,
which Includes 5.17 m (16.96 ft) at 13.74 g/t Gold
October 1, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) announced today an increase in grade to the previously disclosed Halo zone
discovery drill hole QGQ24- 13 (See September 10, 2024 News Release ) with a gold intersection of
136.51 m (447.87 ft) at 1.77 g/t gold, including a near surface intersection of 23.89 m (78.38 ft ) at 3.32
g/t gold, which includes 5.17 m (16.96 ft) of 13.74 g/t gold. These finalized intercepts are the result of
elevated gold values from selective metallic screening assays replacing the fire assay gold values.
The discovery at the Halo zone and subsequent oriented core and field data analysis by the technical
team indicates several important points about this gold system. The mineralized veins are subvertical
and are striking to the northeast oblique to observed lithological contacts that strike northwest, three
phases of deformation are observed in outcrop, and later faulting appears to be an important conduit for
gold mineralization.
Golden Cariboo’s President and CEO, Frank Callaghan stated “ Our new Halo zone discovery and
multiple successful drill holes on the property show that we appear to be in an immense gold system. I’m
excited that selective metallic screening assays on drill hole 13 increased grades over the 136.51 m
intercept by 21%. We are systematically following up on the Halo zone and expanding this discovery in
all directions. Our geological team is currently combining field work and drilling data to determine the
geometry and structural controls of the abundant gold mineralization on the property. The Halo zone at
the Quesnelle Gold Quartz project has excellent access due to it being only 4 km away from the
community of Hixon, off Highway 97, in central British Columbia. This allows the Company to drill year-
round which will be discussed further in an upcoming news release.”
QGQ24-13 FROM
(m)
TO (m) INTERVAL
(m)*
Au g/t** Au (g/t**) capped^ INTERVAL
(ft)*
QGQ24-13 9.49 146.00 136.51 1.77 1.12 447.87
Including 9.49 33.38 23.89 3.32 1.02 78.38
Which
includes
28.21 33.38 5.17 13.74 3.10 16.96
Also Including 66.27 89.00 22.73 3.17 1.97 74.57
Also Including 99.00 138.33 39.33 2.07 1.91 129.04
Which
includes
99.97 117.00 17.03 4.22 3.85 55.87
* Interval widths reported at this point have insufficient data to reliably estimate true width.
** Au g/t calculated using fire assay results replaced with metallic screen results for all samples selected for
metallic screen analysis
^ Gold grades have been capped at 10 g/t (“grams per tonne”).
Figure 1: Photo of Drill Hole QGQ24-13 from 0.00m to 19.06 m. Assays pictured in this photo range from below
detection limit to 5.44 g/tonne gold. Gold mineralization is coincident with the quartz-carbonate veins pictured
above.
Figure 2: Cross-section of Drill Hole QGQ24-13. Au g/t calculated using fire assay results replaced with metallic
screen results for all samples selected for metallic screen analysis
Figure 3: Current map of the Halo zone plus a portion of the North Hixon Zone.
QA/QC samples including blanks, standards and coarse reject duplicates constitute 5% of the total
number of samples.
The shipments were sent to the ALS laboratory in North Vancouver (accredited) for analysis. Samples in
hole QGQ24-13 (and going forward) had a change in assaying method to mitigate potential nugget effect.
Assays were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 1000 g splits
were pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively coupled
plasma atomic emission spectroscopy (ICP -AES) finish was used for 36- element analysis on 0.5 g
aliquot. All samples were analyzed for gold content by fire assay with an inductively coupled plasma
atomic emission spectroscopy (ICP -AES) finish on 50 g aliquot. Any sample returning >10 g/t Au was
reanalyzed by fire assay with a gravimetric finish on a 50 g sample (ALS code: Au-GRA21). Additionally
select samples have been chosen for metallic screening. For metallic screening, a 1 kg pulp was
screened to 100 microns. The entire oversize fraction and duplicate 50 g assays on the undersize fraction
were completed.
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:
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