Golden Cariboo's Halo Zone Expansion: A New Chapter in the Cariboo Gold Rush

Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has announced a significant expansion of the Halo zone on its Quesnelle Gold Quartz Mine property, located near Hixon, British Columbia. The company intersected 0.99 g/t gold and 9.8 g/t silver over 237 meters (777 feet), including a broader zone of 0.71 g/t gold over 342 meters (1122 feet). This discovery extends the Halo zone and highlights the potential for further expansion of the mineralized system.

The Halo zone was initially discovered in late 2022, with subsequent drilling and trenching programs expanding the known mineralization. The latest results from drill hole QGQ24-17, which intersected 452.51 meters (1484.6 feet) of 0.30 g/t gold near surface, including a high-grade interval of 1.01 g/t gold over 27.32 meters (89.6 feet) and 51.26 meters (168.2 feet) at 1.00 g/t gold, further demonstrates the potential of the Halo zone.

Golden Cariboo's President and CEO, Frank Callaghan, commented on the discovery, stating, "To be met with a 452 m gold zone in our first step out from the Discovery is incredible. We're dealing with a multi-kilometer gold system that is capable of producing zones of significant scale, located only a handful of kilometres from a community, rail and major highway. We have only scratched the surface of this property and of the Halo zone, which is soon to change with our aggressive drill program currently underway."

The Cariboo Gold District has a rich history of gold mining, with over 101 placer gold creeks recorded along a 90-kilometer trend from the Cariboo Hudson Mine to the Quesnelle property. The region is known for its orogenic gold deposits, which are structurally controlled and typically associated with major faults and shear zones. The Halo zone is thought to be a sub-parallel zone to the North Hixon zone, which is also open in all directions and remains to be tested.

Golden Cariboo's aggressive exploration program, combined with its strategic location near Osisko Development Corp.'s projects and access to infrastructure, positions the company well for further discoveries and potential development. The company's success in discovering and developing mineral deposits in the Cariboo Gold District may also make it an attractive takeover target for larger mining companies.

In conclusion, Golden Cariboo Resources' expansion of the Halo zone and the potential for further discoveries in the Cariboo Gold District highlight the region's significant gold potential. The company's aggressive exploration program and strategic location position it well for future growth and potential development. As the world continues to grapple with economic uncertainties and geopolitical tensions, investors may increasingly turn to gold as a safe haven, further boosting the demand for gold mining companies such as Golden Cariboo.