Golden Cariboo outlines KM Uno zone at Quesnelle

Executive Summary

• Golden Cariboo Resources Ltd. confirms the discovery of the KM Uno zone, a new mineralized structure parallel to its previously discovered Halo zone at the Quesnelle Gold Quartz mine property in British Columbia.
• Initial sampling from the KM Uno zone returned grades of up to 1.1 g/t gold and 8.0 g/t silver, aligning with historical soil anomalies and geological models suggesting a district-scale gold system.
• The company provided updates on the Halo zone, noting a 390-metre drilled strike length open for expansion, and reported the completion of four drill holes (638.59 metres) in the spring program, with results pending due to assay delays.

Key Details

• KM Uno Zone Discovery:
  • Located approximately 2 km southeast of the 2024 Halo zone discovery.
  • Initial samples from mineralized volcanic subcrop or angular float yielded:
    • 1.1 g/t gold with 8.0 g/t silver.
    • 0.57 g/t gold with 3.3 g/t silver.
  • Correlates with strong gold-silver-arsenic soil anomalies and airborne resistivity/ground conductivity anomalies.
• Halo Zone Updates:
  • Discovery Hole QGQ24-13: Intersected 1.77 g/t gold over 136.51 metres (reported Oct 1, 2024).
  • Hole QGQ24-20: Reanalysis using PhotonAssay technology verified and increased gold grades by 5.9% compared to fire assay. Results: 0.56 g/t gold over 475.4 metres from 7.97 metres depth, including 236.88 metres of 1.06 g/t gold (announced Aug 12, 2025).
  • The Halo zone has demonstrated a 390-metre drilled strike length open for expansion.
• Sunset Trend:
  • Located 1.4 km west of the Halo zone.
  • Shows promising signs of mineralization with potential extensions toward historical producers such as the Hixon Creek placer.
• Buckley Creek:
  • Located 1 km north-northwest of the Discovery hole and 2 km north of the Main zone shaft at Hixon Creek.
  • Exploration aims to extend the Halo zone northward.
• Spring Drill Program:
  • Completed four surface diamond drill holes (QGQ25-21 to QGQ25-24).
  • Total footage: 638.59 metres (2,095 feet).
  • Target: Strong quartz-carbonate vein stockwork along the argillite to greenstone contact and testing northwestern continuity of gold-silver mineralization at the Halo zone.
• Assay Delays:
  • Delays occurred due to a lost shipment of drill core and surface samples by the freight carrier (recovered after one month).
  • Additional delays due to switchover to PhotonAssay analysis for coarse gold-bearing samples.
  • ALS Canada is nearing completion of PhotonAssay for gold and multielement analysis; results are pending.
• Summer Exploration:
  • Completed reclamation, equipment maintenance, and safety assessments.
  • Continued compilation of data from the large claim package staked in September 2024.

Notable Quotes

• "The assay results from the KM Uno zone, a structure parallel to our 2024 Halo zone discovery, mark a major milestone for the Quesnelle Gold Quartz mine property... These findings confirm our geological model and highlight the potential for multiple mineralized zones across the property." — Frank Callaghan, President