Golden Cariboo Plans Step Out and Infill Drilling to Upgrade Resource
VANCOUVER, BC - October 28, 2026 ( NEWMEDIAWIRE ) - Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announce planning is underway for the next stage of drilling at its Quesnelle Gold Quartz Mine Property near Hixon, in central British Columbia.
Following the recent reporting of its inaugural NI 43-101 Mineral Resource Estimate (“MRE”), the Company is planning its next phase of drilling focused on both the continued expansion of known mineralization and strengthening data density within key portions of the deposit.
The upcoming program is expected to continue with 100 metre step-out drilling at both the Halo and North Hixon zones to test extensions of mineralization. Concurrently, the Company plans to undertake infill drilling designed to reduce drill spacing to approximately 50 metre centres in priority areas.The additional assays and geological data obtained will be incorporated into future resource model updates and could support the upgrade of portions of the Inferred resource to the Indicated category.
Company President and CEO,J. Frank Callaghan stated "What gets me excited, when looking at Table 2 of the inaugural MRE ( News Release dated Sept.30, 2026 ), is that in 25 months of work we've outlined an Indicated Mineral Resource of 6.2 million tonnes grading 0.763 g/t AuEq, comprised of 0.753 g/t gold and 1.7 g/t silver, containing 152,000 ounces of gold equivalent, including 150,000 ounces of gold and 341,000 ounces of silver, together with an Inferred Mineral Resource of 42.3 million tonnes grading 0.600 g/t AuEq, comprised of 0.592 g/t gold and 1.3 g/t silver, containing 815,000 ounces of gold equivalent, including 805,000 ounces of gold and 1.7 million ounces of silver, all at a 0.3 g/t AuEq cut-off. Remarkably, this has been 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 this is only one of five corridors within our permitted 789 hectare (1,950 acre) area. We have three drills onsite and are eager to continue drilling.”
The supporting NI 43-101 Technical Report is being prepared for filing on SEDAR+ within the prescribed regulatory timeframe.
The technical information in this news release has been reviewed and approved by Sue Bird, an independent consultant commissioned by the Company. Sue Bird is a Professional Engineer (P.Eng.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC (“APEGBC”) and licensed by Engineers and Geoscientists BC, and is a “Qualified Person” with respect to NI 43-101.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is unlocking the potential of one of British Columbia's most historic gold districts through exploration of its Quesnelle Gold Quartz Mine Property. Encompassing 96,183 hectares (237,673 acres) along a prolific 90km gold trend that has yielded gold from more than 101 placer creeks, the Property occupies a strategic position bordering and partially interwoven with Osisko Gold Group Inc. Cariboo Gold Project and lies along the highly prospective Spanish and Eureka thrust fault corridor.
Just 4 kilometres northeast of Hixon, the 789 hectare (1,950 acre) permitted portion of the Property 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 (less than 6 acre) 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 further information please contact:
GOLDEN CARIBOO RESOURCES LTD “ J. Frank Callaghan”
J. Frank Callaghan, President & CEO Tel: 604-669-6463
VISIT OUR WEBSITE FOR MORE DETAILS www.goldencariboo.com
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Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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