Golden Cariboo Discovers New Mineral Zone 600m Deep in BC Gold Project

Golden Cariboo Resources Ltd. has announced promising results from its latest drilling operation at the Quesnelle Gold Quartz Mine Property in British Columbia. The company completed drill hole QGQ26-29 on April 19, 2026, reaching a depth of approximately 660 meters and successfully intercepting multiple target zones based on internally modelled data. Most notably, the drill may have identified a new mineralized zone about 600 meters vertically below the initial Discovery trench, with the end of the hole showing andesitic tuff with moderate sericite-silica alteration and quartz-carbonate veinlets comprising 3-5% of the material. The company's President and CEO, J. Frank Callaghan, expressed enthusiasm about these early indications, highlighting the momentum building across the project. Additional assay results from nearby drill hole QGQ25-28 are expected within the week, and all technical information has been reviewed and approved by qualified professional geoscientist David Mark.

The company is actively progressing with its Mineral Resource Estimate, which will incorporate data from this latest drill hole along with 28 other NQ sized drill holes and up to nine historical drill holes from the property. Golden Cariboo's exploration efforts are focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its 94,899-hectare property, which is bordered by Osisko Development and located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults. The property includes the historically significant Quesnelle Quartz gold-silver deposit discovered in 1865, and its geological setting shows strong similarities with the Spanish Mountain gold deposit located along the same trend. For those interested in following the company's progress, detailed maps are available at their official website, and investors can stay updated through their social media channels including Instagram, Facebook, X (Twitter), and LinkedIn.

This development represents a significant step forward for Golden Cariboo as it works to establish a clearer picture of the property's long-term potential. The company's exploration strategy leverages both modern drilling techniques and historical data from an area with proven gold production history, including over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle property. With assay results pending and the Mineral Resource Estimate in progress, stakeholders can anticipate further updates that will help quantify the property's value. The technical validation by independent consultant David Mark, a Professional Geoscientist registered with APEGBC, adds credibility to these findings, ensuring they meet NI 43-101 standards for mineral resource disclosure.