Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has announced that planning is underway for the next stage of drilling at its Quesnelle Gold Quartz Mine Property near Hixon, in central British Columbia. The program follows the recent reporting of the company’s inaugural NI 43-101 Mineral Resource Estimate (MRE) and will focus on both expanding known mineralization and strengthening data density within key portions of the deposit.
The upcoming program is expected to include 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 highlighted the significance of the inaugural MRE, noting that in 25 months of work the company outlined an Indicated Mineral Resource of 6.2 million tonnes grading 0.763 g/t AuEq, containing 152,000 ounces of gold equivalent, together with an Inferred Mineral Resource of 42.3 million tonnes grading 0.600 g/t AuEq, containing 815,000 ounces of gold equivalent, all at a 0.3 g/t AuEq cut-off. Callaghan pointed to the details in Table 2 of the News Release dated Sept.30, 2026 and emphasized that this has been achieved with less than 8,500 metres of drilling in only 24 drill holes along a 1,150-metre strike length in the centre of a single 3.2-kilometre geological corridor, which is only one of five corridors within the permitted 789-hectare area. He added that the company has three drills onsite and is 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 the news release has been reviewed and approved by Sue Bird, an independent consultant commissioned by the company. Bird is a Professional Engineer registered with the Association of Professional Engineers and Geoscientists of the Province of BC and is a Qualified Person with respect to NI 43-101.
The news matters because the planned step-out and infill drilling could materially expand the resource base and increase confidence in the deposit, potentially reclassifying a portion of the large Inferred resource into the higher-confidence Indicated category. Such an upgrade would strengthen the project’s economic potential and provide investors with greater certainty about the size and continuity of mineralization at Quesnelle. The program also tests the broader thesis that the historic Quesnelle Quartz gold-silver deposit, originally discovered in 1865 during the Cariboo Gold Rush, is part of a much larger mineralized system extending well beyond the limits of the historic workings.
Golden Cariboo Resources is unlocking the potential of one of British Columbia’s most historic gold districts through exploration of its Quesnelle Gold Quartz Mine Property. The property encompasses 96,183 hectares along a prolific 90-kilometre gold trend that has yielded gold from more than 101 placer creeks, and it borders and partially interweaves with Osisko Gold Group Inc.’s Cariboo Gold Project along the highly prospective Spanish and Eureka thrust fault corridor. The 789-hectare permitted portion of the property hosts the historic deposit, located just four kilometres northeast of Hixon. Further details are available at www.goldencariboo.com, and the original release can be viewed on www.newmediawire.com.
