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. This drilling occurred at the company's Quesnelle Gold Quartz Mine Property, located 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 the previous drill hole QGQ25-25, which also ended in mineralization. According to company president and CEO Frank Callaghan, the hole appears to be a strong step-out that continued to encounter the same alteration and mineralization observed in previous drilling. The final four core boxes from the drill hole display veining, silicification and disseminated pyrite mineralization, with assays currently pending. Maps and pictures from the drilling operation are available at https://goldencariboo.com/news/.
In addition to the drilling results, 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 bolster the company's position for future work on regional targets and testing of the northern portions of the Spanish and Eureka thrust faults. The Quesnelle Gold Quartz Mine property is bordered by Osisko Development and located along a favorable geological corridor adjacent to these thrust faults.
The geological setting of gold mineralization at the property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometers southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit belongs to the epizonal orogenic subclass of gold deposits that include some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia.
Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production, with successful placer mining continuing to this day. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150 meters by 150 meters at the Main zone straddling Hixon Creek.
The technical information in the announcement has been reviewed and approved by Jean Pautler, an independent consultant and Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of BC. Pautler is licensed by Engineers and Geoscientists BC and qualifies as a "Qualified Person" under NI 43-101 standards for mineral project disclosure.
This development is significant for the mining industry as it suggests potential expansion of known mineralization in a historically productive gold region. The extension of mineralization beyond previous drilling and the strategic land expansion could indicate a more robust mineral system than previously understood, potentially impacting resource estimates and future development plans in the Cariboo Gold Project area.
