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 near Hixon, British Columbia. The 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 concluded in mineralization.
President and CEO Frank Callaghan described QGQ25-28 as a strong step-out hole that continued to encounter consistent alteration and mineralization, supporting the potential for a robust mineral system. The company is awaiting assay results while testing the extent and continuity of the mineralization. Visual inspection of the final core boxes showed veining, silicification, and disseminated pyrite mineralization, with maps and pictures available at https://goldencariboo.com/news/.
In parallel with the drilling results, Golden Cariboo has applied to register an additional 1,283.59 hectares of mineral claims within and adjacent to its existing 94,899-hectare land package. This expansion aims to bolster the company's position for future exploration work on regional targets and testing of the northern portions of the Spanish and Eureka thrust faults.
The technical information was reviewed and approved by independent consultant Jean Pautler, a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia and qualified under NI 43-101 standards. The Quesnelle Gold Quartz Mine property is located along a favorable geological corridor and shows strong similarities to the Spanish Mountain gold deposit, which belongs to the epizonal orogenic subclass that includes world-class deposits like Muruntau in Uzbekistan and Bendigo in Australia.
For business and technology leaders monitoring resource extraction and mineral exploration, these developments signal Golden Cariboo's strategic positioning in a historically productive gold region. The extension of mineralization beyond previous drilling and the land expansion application suggest potential for increased resource estimates and future development opportunities, though investors should note that forward-looking statements involve risks and uncertainties as detailed in the company's cautionary statements.
