Golden Cariboo drills 70.65 m of 0.89 g/t Au in B.C.

Executive Summary

• Golden Cariboo Resources Ltd. announced significant drill results from its Quesnelle gold quartz mine property in British Columbia, specifically highlighting continuous gold mineralization in the Halo zone.
• Drill hole QGQ25-27 intersected 0.89 g/t gold over 70.65 meters (231.79 feet) from near surface, reinforcing the scale and continuity of the Halo zone mineralization.
• The company continues to expand the Halo zone and test broader trends, with drill hole QGQ25-28 currently underway to test the northwest extension, supporting the upcoming planned mineral resource estimate.

Key Details

• Drill Hole QGQ25-27:
  • Intersected 0.89 g/t gold over 70.65 m (231.79 ft) from near surface.
  • Interval starts at 14.20 m (46.59 ft) depth.
  • Located within the Halo zone.
  • Drilled at a preferred orientation of 353 degrees.
  • Terminated prematurely due to technical issues.
• Drill Hole QGQ25-26:
  • Drilled between the main zone and the Halo zone.
  • Intersected large quantities of andesitic flow, identified as not a favorable host rock for quartz veining.
• Drill Hole QGQ25-28:
  • Currently continuing.
  • Testing the northwest extension of the Halo zone.
• Quality Assurance/Quality Control (QA/QC):
  • Samples (blanks, standards, coarse reject duplicates) constitute 5% of the total.
  • All drilling used NQ core, logged and split in half before laboratory submission.
• Laboratory Analysis (MSALABS, Prince George):
  • Samples crushed to >70% passing 2mm, split via riffle splitter, and pulverized to >85% passing 75 microns.
  • 35-element analysis performed via aqua regia digest with ICP-AES finish on 0.5g aliquots.
  • Gold and silver analyzed via PhotonAssay (250-500g sample size) to better assess gold distribution in coarse gold settings and mitigate nugget effects common in the Halo zone.
• Technical Review:
  • Reviewed and approved by Jean Pautler, PGeo, an independent consultant and qualified person under National Instrument 43-101.

Notable Quotes

• Frank Callaghan, President and CEO: "Intersecting nearly 71 metres of continuous gold mineralization from near surface is another strong indication of the scale and continuity developing within the Halo zone. Results like this reinforce our confidence that we are delineating a significant mineralized system at the Quesnelle gold quartz property. As drilling continues to expand the Halo zone and test the broader trend, each hole is adding to the data set that will support the company's planned mineral resource estimate."