Golden Cariboo Prepares to Release Inaugural Mineral Resource Estimate for Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announced that independent consultants are completing the company's inaugural Mineral Resource Estimate (MRE) for the Quesnelle Gold Quartz Mine Property, located about 4 kilometres northeast of Hixon, British Columbia. This MRE will provide the first formal quantification of gold mineralization outlined through the company's drilling, exploration, and geological modelling programs, including historical exploration data.

The MRE is expected to be released once the independent NI 43-101 technical report is received. According to President and CEO Frank Callaghan, this milestone consolidates all previous work into a single independent resource model, offering the first comprehensive technical snapshot of the project and marking the next phase of development.

The Quesnelle Gold Quartz Mine property spans 94,899 hectares along a corridor adjacent to the Spanish and Eureka thrust faults. The area has a rich history, with over 101 placer gold creeks recording production along the 90-kilometer trend from the Cariboo Hudson mine to the property. The Main zone, discovered in 1865, straddles Hixon Creek and covers a footprint of about 150m by 150m.

The geological setting shows similarities to the Spanish Mountain gold deposit, located 120 km to the southeast, which is a sediment-hosted vein (SHV) deposit belonging to the epizonal orogenic subclass. This class includes some of the world's largest gold deposits, such as Muruntau in Uzbekistan and Bendigo in Australia.

Golden Cariboo is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching. The company's property is bordered by Osisko Gold Group and is partly intertwined with their Cariboo Gold Project at the north end.

The completion of the MRE is a significant step for the company, as it will provide investors with a clearer understanding of the project's potential. The formal resource estimate could influence future exploration strategies and financial decisions.

For more details, visit the company's website at www.goldencariboo.com.