Curated News
By: NewsRamp Editorial Staff
October 28, 2026

Golden Cariboo Plans Step-Out and Infill Drilling to Expand Quesnelle Gold Resource

TLDR

  • Golden Cariboo plans step-out and infill drilling to expand and upgrade its Quesnelle gold resource, potentially increasing shareholder value.
  • The drill program uses 100-metre step-outs and 50-metre infill spacing to expand mineralization and upgrade Inferred resources to Indicated.
  • Golden Cariboo's exploration aims to unlock a historic gold district, potentially creating economic opportunities and supporting the transition to sustainable energy.
  • Golden Cariboo outlined 152,000 ounces of gold equivalent in just 24 drill holes along a 1,150-metre strike in one of five corridors.

Impact - Why it Matters

The planned drilling could significantly enhance the value of Golden Cariboo's Quesnelle Gold Quartz Mine Property by expanding known mineralization and upgrading resource classification. Success in these efforts may attract further investment and accelerate development, benefiting shareholders and contributing to the revitalization of a historic gold district in British Columbia. As global demand for gold remains strong, new discoveries and resource expansions are crucial for sustaining supply, making this exploration program important for both the company and the broader mining industry.

Summary

Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) is gearing up for its next stage of drilling at the Quesnelle Gold Quartz Mine Property near Hixon, in central British Columbia. The announcement, made via NEWMEDIAWIRE, follows the company's inaugural NI 43-101 Mineral Resource Estimate (MRE), which outlined an Indicated resource of 6.2 million tonnes grading 0.763 g/t AuEq (containing 152,000 ounces of gold equivalent) and an Inferred resource of 42.3 million tonnes grading 0.600 g/t AuEq (containing 815,000 ounces of gold equivalent). The upcoming program will focus on 100-metre step-out drilling at the Halo and North Hixon zones to test extensions of mineralization, alongside infill drilling to reduce drill spacing to approximately 50-metre centres in priority areas. This additional data is expected to support future resource model updates and potentially upgrade portions of the Inferred resource to the Indicated category.

Company President and CEO J. Frank Callaghan expressed enthusiasm about the progress, noting that the initial resource was achieved with less than 8,500 metres of drilling in only 24 drill holes along a 1,150-metre strike length within a single 3.2 km geological corridor. He highlighted that this is just one of five corridors within the permitted 789-hectare area, and with three drills onsite, the company is eager to continue. The supporting NI 43-101 Technical Report is being prepared for filing on SEDAR+ within the prescribed regulatory timeframe. The technical information has been reviewed and approved by Sue Bird, a Qualified Person under NI 43-101. Golden Cariboo Resources is focused on unlocking the potential of one of British Columbia's most historic gold districts, with its Quesnelle Gold Quartz Mine Property encompassing 96,183 hectares along a prolific 90 km gold trend. The property borders and partially interweaves with Osisko Gold Group Inc.'s Cariboo Gold Project and lies along the highly prospective Spanish and Eureka thrust fault corridor. The permitted portion hosts the historic Quesnelle Quartz gold-silver deposit, originally discovered in 1865 during the Cariboo Gold Rush, and ongoing drilling and trenching programs are demonstrating the potential for a much larger mineralized system. For more information, visit www.goldencariboo.com.

Source Statement

This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Golden Cariboo Plans Step-Out and Infill Drilling to Expand Quesnelle Gold Resource

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