Golden Cariboo Resources Ltd. announced the completion of drill hole QGQ25-28 on March 19, 2026, reaching a total length of 754.69 meters and ending in mineralization approximately 12 meters from Osisko Development Corp.'s claim boundary. The drilling occurred at the Company's Quesnelle Gold Quartz Mine Property, situated about 4 kilometers northeast of Hixon and 50 kilometers southeast of Prince George, British Columbia.
The end of drill hole QGQ25-28 extends approximately 283 meters beyond drill hole QGQ25-25, which also concluded in mineralization. Visual inspection of the final four core boxes from QGQ25-28 revealed veining, silicification, and disseminated pyrite mineralization, with assay results pending. Maps and pictures documenting these findings are accessible at https://goldencariboo.com/news/.
In a parallel development, the Company has applied to register an additional 1,283.59 hectares within and adjacent to its existing 94,899-hectare land package. This expansion aims to support future exploration activities on regional targets and testing of the northern portions of the Spanish and Eureka thrust faults.
Frank Callaghan, President and CEO of Golden Cariboo Resources, commented on the significance of the drill results. He described QGQ25-28 as a strong step-out hole that continued to encounter consistent alteration and mineralization, ultimately finishing in mineralization near the Osisko Development boundary. Callaghan noted that the extension beyond QGQ25-25 while still ending in mineralization supports the potential for a robust system. The Company now awaits assay results to further assess the extent and continuity of the mineralization.
The technical information in the announcement was reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards. Pautler is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia.
The Quesnelle Gold Quartz Mine property is historically significant, discovered in 1865 and developed over a footprint of about 150 meters by 150 meters at the Main zone. The geological setting of gold mineralization at the property shows strong similarities to the Spanish Mountain gold deposit, located 120 kilometers southeast along the same geological trend. Spanish Mountain is considered a sediment-hosted vein deposit, belonging to the epizonal orogenic subclass that includes some of the world's largest deposits, such as Muruntau in Uzbekistan and Bendigo in Australia.
These developments occur within the broader context of the Cariboo Gold Rush, where over 101 placer gold creeks along a 90-kilometer trend have recorded historical production, with placer mining continuing to the present day. The Company's efforts to rediscover this region through targeted drilling and land expansion highlight ongoing exploration potential in British Columbia's mineral-rich territories.
