Golden Cariboo Resources Ltd. (CSE: GCC) (OTC: GCCFF) (WKN: A402CQ) (FSE: 3TZ) has released an inaugural independent mineral resource estimate (MRE) for its 100%-owned Quesnelle Gold Quartz Mine Property, located approximately 4 kilometres northeast of Hixon in central British Columbia. The estimate, effective September 26, 2026, was prepared by Sue Bird, P.Eng., of Bird Resource Consulting Corp., an independent Qualified Person under NI 43-101. As first reported by NEWMEDIAWIRE, the MRE outlines 10 million tonnes at 0.56 g/t gold equivalent (AuEq) containing 178,000 ounces of indicated gold, plus 71 million tonnes at 0.44 g/t AuEq for 1.0 million ounces of inferred gold, using a 0.15 g/t AuEq cut-off within an open pit constraint.
The resource was defined from only 24 of the company’s 30 drill holes, totaling less than 8,500 metres. President and CEO Frank Callaghan called the estimate a “tremendous achievement” that validates the Halo discovery. The Halo deposit extends over a strike length of 1,150 metres and a width of about 420 metres and remains open in all directions. Importantly, the Main zone and four other parallel geophysical and geochemical targets remain outside the current estimate, offering multi-kilometre potential for future resource growth. For detailed tables, readers can view Table 1. Inaugural Mineral Resource Estimate for the Quesnelle Gold Quartz Mine Property at the Base Case cutoff – Effective Date September 26, 2026 and 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 significance of this announcement lies in the project’s growth potential and existing infrastructure. Located just 4 kilometres from Hixon, the property has year-round road access and is near a rail corridor. Major suppliers, contractors, and regional mining support services are accessible from Prince George and Quesnel, both about 45 minutes away. Callaghan noted that this infrastructure positions the project to advance efficiently while maximizing opportunities for local employment and economic benefits throughout the Cariboo region.
However, the MRE is preliminary. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate relies on assumed metal prices of US$3,600 per ounce gold and US$40 per ounce silver, with no metallurgical testing yet conducted. The company has not completed a preliminary economic assessment, pre-feasibility, or feasibility study. Known risks include permitting, environmental constraints, First Nations consultation with the Lheidli T’enneh First Nation, and commodity price volatility.
Golden Cariboo will file an independent NI 43-101 technical report on SEDAR+ within 45 days. The company intends to use the MRE as a foundation for step-out and infill drilling, targeting conversion of inferred resources to indicated, along with metallurgical testwork and environmental baseline studies. For more information, visit www.goldencariboo.com.
