Golden Cariboo Resources Ltd. reported additional results from the North Hixon zone at its Quesnelle Gold Quartz Mine property near Hixon, British Columbia. Infill sampling was completed for QGQ22-01 in 2023 and recent compilation of data has highlighted expanded zones of gold mineralization than reported from initial sampling in April 25, 2023 News Release. The 0.87 g/t gold (0.57g/t cut) over 32.0m (105 ft) intercept was returned from the bottom of the hole and is followed by only one 0.6m long barren intercept, so is still open at depth.

Additional drilling at the North Hixon zone will target the western and vertical extension of multiple gold intercepts resulting from the 2022 drilling and trenching programs. The intercept in red includes two intervening intervals of low grade, which are shown separately and the high grade value of 29.2 g/t gold over 0.5m (1.6 ft), from a fault zone, has been capped at 10 g/t gold to moderate the nugget effect of gold within the second gold grade column. This results in 4.04 g/t gold (1.73 g/t cut) over 4.15m (13.6 ft) from the fault zone, followed by elevated to significant grades within pyritic, replacement style mineralization hosted by the phyllitic metasedimentary rocks, similar to those encountered in the Main zone drilling earlier this year. Drilling is in progress, with approximately 1,564m (5,132 ft) in 7 holes completed to date by the Company at the Main and North Hixon zones.

Assay results are pending for QGQ24-05 to QGQ24-07. The Company continues to test the Main zone's northwestern extension of the greenstone-schist contact and have also stepped out 50m (164 ft) to the southwest from QGQ22- 01 at the North Hixon zone with QGQ24-08. Drilling of QGQ24-08 is in progress concurrently with core logging and sampling.