Golden Cariboo Resources Ltd. (CSE: GCC) (OTC: GCCFF) (WKN: A402CQ) (FSE: 3TZ) has announced an inaugural independent Mineral Resource Estimate (MRE) prepared in accordance with National Instrument 43-101 for its 100%-owned Quesnelle Gold Quartz Mine Property, located approximately 4 kilometres northeast of Hixon in central British Columbia. The MRE, effective September 26, 2026, was prepared by Sue Bird, P.Eng., of Bird Resource Consulting Corp., an independent Qualified Person as defined by NI 43-101.
The resource estimate outlines 10 million tonnes at 0.56 g/t gold equivalent (AuEq) containing 178,000 ounces of gold in the Indicated category, plus 71 million tonnes at 0.44 g/t AuEq for 1.0 million ounces of gold in the Inferred category. The base-case cut-off grade is 0.15 g/t AuEq. The estimate is constrained by an open pit shell using a 150% price case pit shell, with metal price assumptions of US$3,600 per ounce gold and US$40 per ounce silver. The full Mineral Resource Statement is available in Table 1. Inaugural Mineral Resource Estimate for the Quesnelle Gold Quartz Mine Property at the Base Case cutoff - Effective Date September 26, 2026.
Frank Callaghan, President and CEO, stated, “This inaugural mineral resource estimate is a tremendous achievement for Golden Cariboo and validates the strength of the Halo discovery. What makes this resource particularly significant is that it was defined from only 24 of the 30 Company drill holes totaling less than 8,500 metres of drilling, yet has outlined over 1.0 million ounces of inferred gold and 178,000 ounces of indicated gold. The new Halo deposit occurs over a strike length of 1150m by about 420m wide and remains open in all directions. Equally important, the Main zone remains outside the current estimate, as do four other parallel similar styled geophysical and geochemical targets with multi kilometer potential, providing a compelling opportunity for future resource growth.”
The MRE is based on a drill-hole database of 24 NQ-sized surface diamond drill holes totaling 8,466 meters, all completed by the Company. The Main zone, which includes six Company drill holes plus several historical surface drill holes, is not included in the MRE. The estimate used 8,509 gold assays in 9,539 meters of drilling composites. A long-section through the center of the deposit is available for review, showing the Halo and North Hixon zones: Click to see the figure which is a long-section through the center of the deposit, looking SW at Az=235o. The figure plots the composited and block Au grades for both the Halo and North Hixon zones of the deposit. The resource pit is shown in black with.
The Project benefits from excellent existing infrastructure. Located only 4km from Hixon, BC, the Property has year-round road access and benefits from an existing rail corridor running through the community. Major suppliers, contractors, equipment providers, and regional mining support services are readily accessible from nearby Prince George and Quesnel, both approximately 45 minutes away, which also host regional and international airports as well as government offices. This established infrastructure network positions the project to efficiently advance exploration and development activities while maximizing opportunities for local employment, procurement, business growth, and long-term economic benefits throughout the Cariboo region.
The Company will file an independent NI 43-101 technical report supporting this MRE on SEDAR+ under the Company's profile within 45 days of this news release. The technical report will include data verification, estimation methods, and the Qualified Person's certificates and consents. Golden Cariboo intends to use the MRE as the foundation for ongoing step-out and infill drilling at the Halo deposit, targeting upgrades of Inferred to Indicated resources, implementing metallurgical testwork, environmental baseline studies, and further geological modelling. The Property is bordered by the Cariboo Gold Project held by Osisko Gold Group and is located along a favourable corridor adjacent to the Spanish and Eureka thrust faults. The Company's land position covers approximately 96,183 hectares. More information is available at www.goldencariboo.com.
