Golden Cariboo Resources Ltd. announced its drill crew has been mobilized to a diamond drill on site at one of 54 permitted drill pads at the Company's Quesnelle Gold Quartz Mine property near Hixon, British Columbia. Drilling is expected to commence immediately. The Company anticipates drilling to depths of approximately 350 meters this season, building off the successes of last year's program and will now target a greenstone contact and the accompanying, newly discovered replacement style mineralization.

The Company's exploration thesis is that its Quesnelle Gold Quartz project contains similar host rocks to Osisko's Cariboo Gold project consisting of the Bonanza Ledge mine and the multi-million ounce Cariboo Gold Mine that is expected to go into production as early as this year. Having personally been a part of the Bonanza Ledge discovery and bringing it into production, it is very exciting to have encountered a greenstone contact in addition to the similar A-veins, B-veins and replacement style mineralization that make up Osisko's Bonanza Ledge operation.