Golden Cariboo Resources Ltd. announced the completion of drill hole QGQ25-28 on March 19, 2026, reaching a total length of 754.69 meters at its Quesnelle Gold Quartz Mine Property in British Columbia. The drill hole ended in mineralization approximately 12 meters from the claim boundary of Osisko Development Corp., extending 283 meters beyond the previous drill hole QGQ25-25, which also ended in mineralization.
The company reported that the final core boxes from drill hole QGQ25-28 display veining, silicification and disseminated pyrite mineralization, with assays currently pending. Maps and pictures documenting this development are available at https://goldencariboo.com/news/.
In addition to the drilling results, Golden Cariboo has applied to register an additional 1,283.59 hectares within and adjacent to its existing 94,899-hectare land package. This expansion represents a strategic move to bolster the company's position in the region as it continues exploration activities.
Frank Callaghan, President and CEO of Golden Cariboo Resources, stated that QGQ25-28 appears to be a strong step-out hole that continued to encounter the same alteration and mineralization patterns observed in previous drilling. "The extension beyond QGQ25-25 and still finishing in mineralization supports the potential for a robust system," Callaghan said. The company is now awaiting assay results as it continues testing the extent and continuity of the mineralized system.
The technical information in the announcement has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person under NI 43-101 standards. Pautler is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia.
This development is significant for investors and the mining industry as it demonstrates continued mineralization at depth and along strike in a historically productive gold region. The Cariboo Gold Rush area has seen historical production from over 101 placer gold creeks along the 90-kilometer trend, with successful placer mining continuing to the present day. The company's property is located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults, which host similar deposit types including the Spanish Mountain gold deposit 120 kilometers to the southeast.
The expansion of land claims suggests Golden Cariboo is positioning itself for more extensive exploration of regional targets, particularly testing the northern portions of the Spanish and Eureka thrust faults. For the mining sector in British Columbia, continued exploration success in established gold districts like Cariboo could attract further investment and development interest in the region's mineral potential.
