Golden Cariboo Resources Acquires Camp Property and Continues Drilling at Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) announced Tuesday that it has signed a purchase contract for a 5.36-acre property in Hixon, British Columbia, to serve as a camp location for advancing its nearby Quesnelle Gold Quartz Mine Property. The freehold fee simple purchase, with direct access to Highway 97, costs $300,000 CAD. A $50,000 non-refundable deposit has been paid, with the remaining $250,000 due by October 30, 2026, allowing immediate possession. The company plans to set up an Atco 5 Unit Skid-Mounted Mobile Camp on the site.

The acquisition underscores Golden Cariboo’s commitment to expanding exploration at the Quesnelle Gold Quartz Mine property, located 4 kilometers northeast of Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865, and spans a 94,899-hectare area along a favorable corridor adjacent to the Spanish and Eureka thrust faults. Historically, over 101 placer gold creeks on the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production.

In addition to the camp property acquisition, the company provided a drilling update. Hole QGQ26-30 was completed to a depth of approximately 402 meters (1,319 feet), targeting the western contact of the Halo zone from the same pad as QGQ26-29. The hole ended in favourably altered volcanics about 235 meters horizontal distance west of its collar. Core logging is currently in progress. A new hole, QGQ26-31, commenced drilling this week approximately 70 meters north of QGQ26-30, also targeting the western contact of the Halo zone.

The Quesnelle Gold Quartz Mine property is bordered by Osisko Development and partly intertwined with the Cariboo Gold Project. The geological setting shows strong similarities with the Spanish Mountain gold deposit, located 120 kilometers southeast along the same trend. Spanish Mountain is a sediment-hosted vein (SHV) deposit, belonging to the epizonal orogenic subclass, which includes world-class deposits such as Muruntau in Uzbekistan and Bendigo in Australia.

Golden Cariboo is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs. The company’s President and CEO, J. Frank Callaghan, stated that the camp property purchase and ongoing drilling are key steps in advancing the project. For more information, visit the company’s website at www.goldencariboo.com.

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