Golden Cariboo Resources Inc. is a junior exploration company advancing its Quesnelle Gold Quartz Mine property in the Cariboo Mining District of central BC. The Company is conducting its 2024 exploration program, which includes drilling, surveys, and surface mapping, to better define the mineralization trend and controls. The Company is planning an ongoing drilling program of at least 2500 meters this season.
Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property hold recorded production numbers, and successful placer mining continues to this day. The Quesnelle Gold Quartz property hosts the same characteristics along the Cariboo trend that developed into the Wells-Barkerville gold rush of the 1860s and is now being developed into a significant mining camp by Osisko Development Corp.
We are recommending the company as:
CATALYSTS AND TIMING
• Drilling and assay results showing significant grades or widths (ongoing in 2024)
• Better define mineralization controls and trends (ongoing in 2024)
• Completion of additional funding to continue work programs (Q3 2024 and ongoing)
• Continuing gold bullion market price increases providing renewed interest in funding Junior mining exploration (currently and ongoing)
• Market transactions in the junior mining space with projects or companies in the Cariboo region (ongoing)
• Additional advancement on project and production results reported by Osisko Development on land adjacent to the Company’s claim group (second half to 2024)
• Results indicating gold in preliminary sampling on the eastern section of the claim group (second half to 2024)
• Market engagement programs by the Company (ongoing)
Investment Highlights
• Company led by a team that restarted the gold rush in the Cariboo mining camp of BC
• Quesnelle Gold Quartz Mine Project is located in a similar setting to Barkerville – a historical hard rock gold mine found by following placer creeks
• Historical gold + silver production from hard rock mines near Hixon confirms that the Cariboo Camp extends on trend +75 km north of Wells-Bakerville
• Recent drilling intervals of gold mineralization over 260m show potential for bulk tonnage targets on the project
• Visible gold in current drilling indicates potential for high-grade assays from mineralized targets
• Strike extension from historical mines to new drilling intercepts extends for over 1.0 km on trend
• Company funded to continue the 2024 drilling program.
• Recommendation – Buy: for exposure to gold resource discovery in a Tier 1 jurisdiction as the market delivers record gold prices
