Golden Cariboo Resources Ltd. (CSE:GCC, OTC:GCCFF, FSE:3TZ) announced that drill hole QGQ25-29 was completed on April 19, 2026, at its Quesnelle Gold Quartz Mine Property, located approximately 4 kilometers northeast of Hixon and 50 kilometers southeast of Prince George, British Columbia. The drill hole successfully intercepted numerous internally modelled zones and may have identified a new mineralized zone near the end of the hole, about 600 meters vertically below the initial Discovery trench and the collar of earlier drill hole QGQ24-17.
Drill hole QGQ26-29 was collared at the same drill pad as QGQ24-25 and was aligned to 170 degrees at a -72-degree dip to target internally modelled data adjacent the strike of the greenstone contact vertically below the Company’s earlier drilling. The hole reached a depth of about 660 meters (2,166 feet). The end of the hole is described as andesitic tuff with moderate sericite-silica alteration. Quartz-carbonate veinlets comprise approximately 3–5%, locally increasing to 10–12%, and overall approximately 2% disseminated and replacement pyrite. Logging and sampling are in progress, with assays from the top of the hole currently pending. Maps are available at https://goldencariboo.com/news/.
Assay results for drill hole QGQ25-28, collared about 80 meters north of QGQ26-29, are nearly completed in full and expected to be in hand within the week. Results will be released when they become available. The Company’s Mineral Resource Estimate (MRE) is in progress, with validation of all databases along with additional technical studies. The latest drill hole is planned to be included in the MRE, in addition to the Company’s 28 other NQ-sized drill holes. The Company’s 29 drill holes are intended to be included in the Resource, along with up to nine historical drill holes from the Property.
Golden Cariboo’s President and CEO, J. Frank Callaghan, stated, “We are very pleased with the early indications from drill hole QGQ26‑29. The successful interception of multiple target zones and the emergence of a possible new mineralized horizon half a kilometer deep highlights the momentum building across the Project. With additional assays expected shortly and our Mineral Resource Estimate progressing well, Golden Cariboo is steadily advancing toward a clearer picture of the Property’s long term potential.”
The technical information in this news release has been reviewed and approved by David Mark, an independent consultant commissioned by the Company. David Mark is a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC (APEGBC) and licensed by Engineers and Geoscientists BC, and is a “Qualified Person” with respect to NI 43-101.
