Golden Cariboo to Utilize Historic Data to Create 3D Model
GOLDEN CARIBOO RESOURCES L TD.
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 to Utilize Historic Data to Create 3D Model
April 24, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company” ) (CSE-GCC, OTC -
GCCFF, WKN -A0RLEP) announced today that it has acquired Micromine 3D geological modelling
software to support exploration activities at its Quesnelle Gold Quartz Mine project (“QGQ” project) near
Hixon, BC.
The Company will utilize the Micromine 3D geological modelling software to model the property’s historic
drillhole database, which dates back to the 1970s and totals over four kilometers of drilling, the majority
of which being in the vicinity of the historic Quesnelle Quartz Mine. The modelling of the drillhole database
will enhance the company’s geological understanding of the property, providing new insights into styles
of mineralization and their geologic controls. It is expected to unlock further targets to test in the
Company’s active drill program.
Company President and CEO, Mr. J. Frank Callaghan commented “ Creating a geological model is an
important step in defining the prospects of the QGQ projec t. Incorporating historic data will allow the
Company to design an efficient drill program , the objective being to provide a maiden mineral resource
on our past producing gold mining property.
Mr. Callaghan commented further, stating "We acquired the QGQ project because of its past production,
the presence of a greenstone contact, and its potential to host similar mineralization found at the nearby
Bonanza Ledge Mine, which our team initially discovered , developed and put into production at Osisko
Development’s Cariboo Gold Project. After Golden Cariboo ’s team commenced production at the
Bonanza Ledge Mine and further developed the Cariboo Gold Project, it was ultimately acquired by
Osisko Royalties for $330 million, and now owned and operated by Osisko Deve lopment. We see a
similar chance to replicate our success at the QGQ project and firmly believe in the principle that you
make a mine, you don’t find one."
Further to Company news released on April 9, 2024, announcing the engagement of marketing service
providers, terms of the agreements are as follows:
Global One Media, Suite 1500, 1155 Metcalfe Street, Montreal, QC H3B 2V6
(514) 695-0351, [email protected]
• Cost of services is CDN$5000 per month for a 12 -month term, with an option to cancel after 6
months
• start date of April 09, 2024
GoldInvest Consulting GmbH, Rothenbaumchaussee 185, 20149 Hamburg, Germany
+49 40 44 195 195, [email protected]
• Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12-
month term
• start date of April 09, 2024
Arne Lutsch, Rütliweg 2, 8849 Alpthal, Switzerland
+41 44 832 6150, [email protected]
• Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12 -
month term
• start date of April 09, 2024
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high -grade
targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project 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
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 property includes the Quesnelle Quartz gold-silver deposit, which
was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the
Quesnelle Gold Quartz Mine property, is a placer creek which has seen small -scale placer production
since the mid 1860’s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies o f the Canadian Securities Exchange)
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 fut ure business activities and plans of the Company. Forward -looking
information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “beli eve”, “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 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.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will r eceive 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 e xploration 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 fo rmal 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 t o 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 unanticipat ed 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 pos sible future government legislation
policies and controls or by changes in applicable laws and r egulations; 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 fo rmal 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 ma y 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 representation or warranty, ex press or
implied, as to the accuracy, su fficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall h ave any
liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the informat ion in this news release by you or any of your
representatives or for omissions from the information in this news release.
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 o r otherwise, except as required by law.