Junior Miner Maps Massive Gold Potential in BC

1. Golden Cariboo Resources Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
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Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A0RLEP:WKN; 3TZ:FSE) announced it has retained Eagle Mapping Ltd. to perform a detailed LiDAR (Light Detection and Ranging) survey over its 94,899-hectare (234,501-acre) Quesnelle Gold Quartz Mine property, located approximately 2.5 miles northeast of Hixon in central British Columbia. The survey is expected to be conducted in the summer of 2025 and is intended to support Cariboo's exploration strategy by enhancing its ability to map surface geology and identify potential drill targets. LiDAR technology uses laser pulses to generate high-resolution, three-dimensional models of terrain, enabling geologists to identify subtle geological features that may indicate mineralization.

Golden Cariboo stated that the survey will help refine exploration targets and improve resource development planning. "The vompany looks forward to providing updates on the progress of the survey and its findings," it said in an April 1 announcement. Eagle Mapping, known for its geospatial solutions, will oversee the execution of the program.

The Quesnelle Gold Quartz Mine property has historical significance, with previous production reported in 1932 and 1939 totaling 2,048 tonnes grading 3.14 grams per tonne (g/t) gold and 4.18 g/t silver, according to the BC Minfile. More recently, the property has shown strong early results through the Halo zone discovery, including drill hole QGQ24-13, which intersected 136.51 meters grading 1.77 g/t gold near surface. A follow-up drill hole (QGQ24-14) returned 204.85 meters at 0.80 g/t gold, while hole QGQ24-17 encountered 452.51 meters at 0.30 g/t gold. Additional drill holes have been completed, with assay results pending.

In total, the 2024 drill program encompassed 5,797 meters (19,018 feet) over 17 holes. For 2025, Golden Cariboo planned to expand its drilling efforts, aiming to complete approximately 7,500 meters across 25 drill holes. The combined budget for the Quesnelle property and broader regional exploration activities was set at CA$3 million (approximately US$2.25 million), including CA$2.5 million for the Quesnelle project and CA$500,000 for regional airborne surveys, mapping, and geochemical sampling.

Surging Gold Prices Highlight Renewed Market Interest and Sector Momentum

Gold prices reached unprecedented levels in late March and early April, reflecting heightened interest in the precious metals sector. According to a March 26 post from GoldFix, Bank of America raised its gold price forecast to US$3,500 per ounce, based on a 10% increase in investment demand. Goldman Sachs also updated its 2025 projection, lifting the expected range to between US$3,250 and US$3,520 per ounce. "In extreme tail scenarios gold could plausibly trade above US$4,200/oz by end-2025," the firm stated. The post noted a broader trend in the sector where analysts were "translating measurable demand into constrained supply and developing legitimate price projections."

Egon von Greyerz, writing on March 27 in Matterhorn Asset Management, emphasized gold's breakout above the US$3,000 level, saying that price point "is certainly not a target – it is not even a price where gold will consolidate." He pointed to long-term debt accumulation and systemic financial risks as key drivers of renewed investor attention to physical gold.

Maund's analysis underscored both the geological potential of the Halo zone and the technical positioning of the company's shares, contributing to his Strong Buy recommendation.

A March 27 report from Excelsior Prosperity noted that the June gold futures contract surged past US$3,100, reaching US$3,113.52 intraday before closing at US$3,090.90 — another all-time high. The author stated, "Gold is US$1,000 higher than that prior post-pandemic crash rally, and the industry margins are as fat as they've ever been."

On April 1, Reuters reported that spot gold reached a new record of US$3,148.88 per ounce. This marked the fourth consecutive session of all-time highs. "Investors are increasing allocation to gold with the Trump administration's trade policy threatening the dollar's special reserve status," said Kyle Rodda, senior financial markets analyst at Capital.com. The article linked the price strength to geopolitical tensions, investor caution, and a weaker U.S. dollar.

Golden Cariboo's Exploration Results and Technical Base Attracted Positive Analyst Attention

Golden Cariboo Resources received a favorable assessment from Technical Analyst Clive Maund in a February 28 report. Maund described the company as a "Strong Speculative Buy," citing both its technical chart setup and exploration results at the Quesnelle Gold Quartz Mine property. He emphasized that "the stock is still at a low level, not far above strong support" and noted that Golden Cariboo had just released "good news… announcing a significant extension to the Halo zone."

Maund analyzed multiple timeframes in his technical evaluation and stated that the company's stock chart exhibited bullish patterns, including a Double Bottom formation visible on the one-year chart. On longer-term views, he noted that "a gigantic base pattern has formed above a zone of strong support," which he interpreted as promising for future price action. He also pointed out that volume indicators were bullish, suggesting "heavy rotation of stock from weaker to stronger hands."

The company's exploration success contributed to this outlook. According to the report, President and CEO Frank Callaghan remarked, "Drill hole QGQ24-20 capped off a remarkable year, stepping out 100m and delivering another exceptional intercept that affirms the Halo zone as a major discovery in the Cariboo Gold District." He further highlighted the strategic location of the discovery, noting that "Greenstone contacts host many of the world's premier gold camps, and we have now identified one only 4 kilometers from a major highway and community in central British Columbia."

Maund's analysis underscored both the geological potential of the Halo zone and the technical positioning of the company's shares, contributing to his Strong Buy recommendation.

Exploration Advancing at Halo Zone and Across Northern Cariboo District

Golden Cariboo's exploration momentum is being driven by the Halo zone discovery, which marked a new phase in its investigation of the northern Cariboo Gold District. The discovery zone is located approximately 830 meters northwest of the historic Quesnelle Quartz Mine and remains open for expansion. According to the company's Q1 2025 investor presentation, drill results from 2024 revealed a continuous near-surface gold system, prompting the company to prioritize further step-out drilling along strike to the northwest.

In addition to the Halo zone, the Quesnelle Gold Quartz Mine property hosts multiple mineralized trends. The Main zone, anchored by the original mine, and the North Hixon zone both exhibit characteristics of a multi-kilometer orogenic gold system. Golden Cariboo has drilled only three holes at the North Hixon zone to date, including QGQ24-08, which returned 263.13 meters at 0.29 g/t gold. The company also acquired the Washburn Lateral claim in late 2024 to facilitate testing this zone to the southeast.

The exploration model targets orogenic gold deposits — vein-hosted systems known for large-scale gold potential. This is consistent with other Cariboo District deposits, such as the nearby Cariboo Gold Project (5.3 million ounces) and the Spanish Mountain Deposit (4.7 million ounces).

Following the Halo zone discovery, Golden Cariboo staked an additional 910 square kilometers of prospective terrain to the northwest, creating a district-scale opportunity with limited modern exploration. Initial fieldwork across this expanded land package is scheduled for 2025. The company's approach combines modern exploration techniques with legacy data from a mining district that has seen over 160 years of activity.

Golden Cariboo is also supported by an experienced technical team, including geologists with expertise in structural mapping and mineral systems. According to its corporate presentation, the Company aims to leverage its newly consolidated land position and consistent drill results to evaluate the potential for multiple high-grade gold targets throughout its holdings.

Ownership and Share Structure

According to Golden Cariboo, management and insiders own 12.2% of the company, and President and Chief Executive Officer Frank Callaghan owns nearly 11%.

Retail investors hold the remaining. There are no institutional investors.

The company said it has 60.3 million shares outstanding, and its market cap is CA$8.41 million. Over the past 52 weeks, Golden Cariboo has traded between CA$0.11 and CA$0.36 per share.