Golden Cariboo Resources Ltd. is moving quickly to build on its inaugural NI 43-101 Mineral Resource Estimate (MRE) for the Quesnelle Gold Quartz Mine Property near Hixon, in central British Columbia. The company announced that planning is underway for the next stage of drilling, which will focus on both expanding known mineralization and strengthening data density within key portions of the deposit. The program is expected to include 100 metre step-out drilling at the Halo and North Hixon zones to test extensions of mineralization, alongside infill drilling designed to reduce drill spacing to approximately 50 metre centres in priority areas. The additional assays and geological data will be incorporated into future resource model updates and could support the upgrade of portions of the Inferred resource to the Indicated category.
The significance of the program lies in what it could mean for the project's resource base. The company's inaugural MRE, detailed in a News Release dated Sept.30, 2026, outlined an Indicated Mineral Resource of 6.2 million tonnes grading 0.763 g/t AuEq, containing 152,000 ounces of gold equivalent, together with an Inferred Mineral Resource of 42.3 million tonnes grading 0.600 g/t AuEq, containing 815,000 ounces of gold equivalent, all at a 0.3 g/t AuEq cut-off. Company President and CEO J. Frank Callaghan highlighted that this was achieved with less than 8,500m of drilling in only 24 drill holes along a 1,150m strike length in the centre of a single 3.2 km geological corridor, and that this is only one of five corridors within the permitted 789 hectare area. "We have three drills onsite and are eager to continue drilling," Callaghan stated.
The planned drilling is important because converting Inferred resources to Indicated status can materially improve the economic viability of a project, providing greater confidence for future engineering and permitting studies. With three drills already onsite, the company is positioned to advance the program efficiently. The supporting NI 43-101 Technical Report is being prepared for filing on SEDAR+ within the prescribed regulatory timeframe. The technical information in the news release has been reviewed and approved by Sue Bird, an independent consultant commissioned by the Company and a Qualified Person with respect to NI 43-101.
Golden Cariboo Resources is unlocking the potential of one of British Columbia's most historic gold districts through exploration of its Quesnelle Gold Quartz Mine Property. The property encompasses 96,183 hectares along a prolific 90km gold trend that has yielded gold from more than 101 placer creeks, and it occupies a strategic position bordering and partially interwoven with Osisko Gold Group Inc.'s Cariboo Gold Project. The 789 hectare permitted portion hosts the historic Quesnelle Quartz gold-silver deposit, originally discovered in 1865 during the Cariboo Gold Rush. While early mining focused on a relatively small 150m x 150m footprint at the Main zone, Golden Cariboo's ongoing drilling and trenching programs are demonstrating the potential for a much larger mineralized system extending well beyond the limits of the historic workings. For more information, the company directs investors to www.goldencariboo.com.
