Golden Cariboo Expands Gold Targets with MMI Soil Sampling
GOLDENCARIBOORESOURCESLTD.
1100-1111MELVILLEST VANCOUVER,B.C. CANADA V6E3V6 TELEPHONE: 604-669-6463
GoldenCaribooExpandsGoldTargetswithMMISoilSampling
January21,2025
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ)(FSE:3TZ)wishestoannouncethattheassayresultsfromitsreconnaissanceMMIsoil sampling program have been received from SGS Canada. The fifteen line kilometre program was completedinautumn2024andincluded606soilsamplesovertwentyeight50metreand100metre spacedlineswith25metresamplespacing.ThefootprintoftheUTM-basedgridisgenerallylocated betweentheNorthHixonzonethroughtothewestoftheHalozoneandfromthenorthslopeabovethe MainzonethroughtoBuckleyCreek.
David Mark, PGeo, provided a memo to the Companyandindicatedthat“theMMIsoilsurveyhas revealedazoneofanomalousgoldvaluesthattrendsinanorthtonorth-northwestdirectionacrossthe entiregridwithastrikelengthofatleast1,650metresandisopentothenorthandsouth.Hefurther indicatedadirectcorrelationwiththeknownmineralizationoftheHalozoneandtheNorthHixonzone. Additionalsignificantgoldtargetswerealsohighlighted. Detailedanalysisofthedataiscurrentlyin progress.
ThesoilsamplesweresenttotheSGSCanadalab(“SGS”)inBurnaby,BritishColumbiaforanalysis. SGSistheownerandsoleproviderofSGSMMITechnology.Proprietaryanalysisisperformedona50 gramportionofthesampleandtheextractedsolutionisanalyzedviaICP-MS.
ThetechnicalinformationinthisnewsreleasehasbeenreviewedbyDavidMarkP.Geo.,aqualified personwithrespecttoNI43-101.
AboutGoldenCaribooResourcesLtd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding withhighly targeteddrillingandtrenchingprogramsonitsQuesnelleGoldQuartzMinepropertywhichisalmost fullyencircledon3of4sidesbyOsiskoDevelopment(NSE-ODV/TSXV-ODV).Historically,over101 placer gold creeks on the 90kmtrendfromtheCaribooHudsonminenorthtotheQuesnelleGold QuartzMinepropertyhaverecordedproductionandsuccessfulplacerminingcontinuestothisday.
GoldenCariboo’sQuesnelleGoldQuartzMinepropertyis4kmnortheastof,androadaccessiblefrom, HixonincentralBritishColumbia.TheProjectincludestheQuesnelleQuartzgold-silverdeposit,which wasdiscoveredin1865inconjunctionwithplacerminingactivities.HixonCreek,whichdissectstheold workings,isaplacercreekwhichhasseensmall-scaleplacerproductionsincethemid1860s.
Forfurtherinformationpleasecontact:
GOLDENCARIBOORESOURCESLTD
“J.FrankCallaghan”
J.FrankCallaghan,President&CEO
Tel: 604-669-6463
GOLDENCARIBOO.com CSEStockSymbol GCC
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www.goldencariboo.com
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CautionaryStatements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws,includingstatements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-lookinginformationisoftenidentifiedbythewords“may”,“would”,“could”,“should”,“will”,“intend”,“plan”,“anticipate”,“believe”,“estimate”,“expect”or similarexpressionsandincludesinformationregarding;theexpectationthattheCompanywillreceiveallnecessaryexemptionsandapprovalstocompletethe Offering;theexpectationthattheCompanywillcompletetheOfferingonthetermsdisclosed,oratall;theexpectationthattheproceedswillbeusedforproperty exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; andtheanticipated participationoftheinsiderintheOffering.
Suchforward-lookingstatementsarebasedonanumberofassumptionsofmanagement,including,withoutlimitation,thattheCompanywillreceiveallnecessary exemptionsandapprovalstocompletetheOffering;thattheCompanywillcompletetheOfferingonthetermsdisclosed,oratall;thattheproceedswillbeusedfor propertyexplorationandforgeneralworkingcapital;thattheCompanywillhavetheresourcesrequiredtoproceedwithitsexplorationplans;thattheCompanywill notrunintoregulatoryorotherbarriersincarryingoutitsbusinessplans;thattheinsiderwillparticipateintheOffering,onthetermsandconditionsandinthe amount currently expected by management; and that the Company will be abletorelyontheexemptionfromtheformalvaluationandminorityshareholder approvalrequirementsonthebasisanticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performanceorachievementsexpressedorimpliedbysuchforward-lookingstatements.Suchrisksinclude,withoutlimitation:thattheCompanywillnotreceive the necessary exemptions and approvals tocompletetheOffering;thattheCompanywillnotcompletetheOfferingonthetermsdisclosed,oratall;thatthe Companywillbeunabletousetheproceedsforpropertyexplorationandforgeneralworkingcapital;thattheCompanymayincurunanticipatedcosts;thatthe Company may not have the resourcesrequiredtopursueitsexplorationplans;thattheCompany’soperationscouldbeadverselyaffectedbypossiblefuture governmentlegislationpoliciesandcontrolsorbychangesinapplicablelawsandregulations;thattheinsidermaynotparticipateintheOfferingonthetermsand conditions and in the amount currently expected by management,oratall;andthattheCompanymaynotbeabletorelyontheexemptionfromtheformal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information representsmanagement’sbest judgmentbasedoninformationcurrentlyavailable.Noforward-lookingstatementcanbeguaranteedandactualfutureresultsmayvarymaterially.Accordingly, readers are advised not to place undue relianceonforward-lookingstatementsorinformation.NeithertheCompanynoranyofitsrepresentativesmakeany representationorwarranty,expressorimplied,astotheaccuracy,sufficiencyorcompletenessoftheinformationinthisnewsrelease.NeithertheCompanynor anyofitsrepresentativesshallhaveanyliabilitywhatsoever,undercontract,tort,trustorotherwise,toyouoranypersonresultingfromtheuseoftheinformation inthisnewsreleasebyyouoranyofyourrepresentativesorforomissionsfromtheinformationinthisnewsrelease.
Theforward-lookingstatementshereinspeakonlyasofthedatetheywereoriginallymade.TheCompanyhasnointentionandundertakesnoobligationtoupdate orreviseanyforward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw.