INV4
3月前
Golden Cariboo Completes 754 m Drill Hole Ending in Mineralization and Applies to Register Additional Mineral Claims
March 25, 2026
VANCOUVER, BC - March 25, 2026 (NEWMEDIAWIRE) - Golden Cariboo Resources Ltd. (the "Company") (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces that drill hole QGQ25-28 was completed on March 19, 2026 to a total length of 754.69 m (2,476 ft), ending in mineralization approximately 12 m (39.37 ft) from Osisko Development Corp.'s claim boundary. The work was carried out at the Company's Quesnelle Gold Quartz Mine Property (the "Property"), located approximately 4 kilometers northeast of Hixon and 50 kilometers southeast of Prince George, British Columbia.
The end of drill hole QGQ25-28 is located approximately 283 m (928.48 ft) beyond the end of drill hole QGQ25-25, which ended in mineralization. Attached is a photo showing the final four core boxes from drill hole QGQ25-28, which display veining, silicification and disseminated pyrite mineralization. Assays are pending. Maps and pictures are available at https://goldencariboo.com/news/
In addition, the Company has applied to register an additional 1,283.59 ha (3,171.82 acres) within and adjacent to its existing 94,899 ha (233,500.54 acres).
Frank Callaghan, President and CEO of Golden Cariboo Resources, stated:
"QGQ25-28 appears to be a strong step-out hole, drilled to 754 m, that continued to encounter the same alteration and mineralization we've been seeing and ultimately ended in mineralization just 12 m from the Osisko Development claim boundary. The extension beyond QGQ25-25 and still finishing in mineralization supports the potential for a robust system. We are now looking forward to the assays as we continue to test the extent and continuity of the system. Additionally, we are looking to bolster our land package in preparation for future work on our regional targets and test the northern portions of the Spanish and Eureka thrust faults.
Halo and North Hixon zones, plan view
The technical information in this news release has been reviewed and approved by Jean Pautler, an independent consultant commissioned by the Company. Jean Pautler is a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC ("APEGBC") and licensed by Engineers and Geoscientists BC, and is a "Qualified Person" with respect to NI 43-101.
About Golden Cariboo Resources Ltd
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is bordered by Osisko Development, partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer (56 mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo's Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150m x 150m.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
"J. Frank Callaghan"
J. Frank Callaghan, President & CEO
Tel: 604-669-6463
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
LIKE AND FOLLOW
Instagram, Facebook, X (Twitter), LinkedIn
Neither the "CSE" Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company's exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company's operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View the original release on www.newmediawire.com
Link article
$GCCFF 🗞️
INV4
3月前
From Linkedin:
https://www.linkedin.com/company/golden-cariboo-resources-ltd/posts/
====================
Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ)
891 followers • 1w • Edited
📢 Prospectors & Developers Association of Canada (PDAC) 2026 was a huge success for Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ)🎉
We would like to extend a sincere thank you to all of our shareholders, new contacts, industry partners, stakeholders, and our incredible team who took the time to visit us at the Investors Exchange during this year’s conference. It was a pleasure connecting with so many members of the global mining and investment community. 🤝⛏️
A special thank you to PDAC for organizing another outstanding event and bringing together leaders from across the mining industry. Events like this continue to strengthen collaboration, innovation, and opportunity within our sector. 🌍
“PDAC continues to be one of the most important gatherings for our industry. It was fantastic to connect with our shareholders and meet many new investors and partners who share our vision for Golden Cariboo’s future.” — J. Frank Callaghan, President & CEO
We look forward to continuing these conversations and seeing everyone back in Toronto for PDAC in March 2027!
Scott Young
Jamie Hyland
Adam Nothstein
Andrew H. Rees
Spiro Kletas
Myles Dickson
J. Frank Callaghan
====================
Scott Young with Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ) at PDAC 2026 – Exploring the Quesnelle Gold Project
891 followers • 1w • Edited
At PDAC 2026, Steve Hyland caught up with Scott Young to discuss the company’s exploration progress and vision for the Quesnelle Gold Quartz Project in British Columbia.
In this interview, Scott shares insights into recent developments, exploration strategy, and what makes the Cariboo region one of Canada’s most exciting gold districts. He also discusses how Golden Cariboo is positioning itself as a key player in the area’s growing gold exploration story.
📍 Filmed at the Prospectors & Developers Association of Canada (PDAC) Convention 2026 in Toronto — the world’s premier mining and exploration conference.
If you’re interested in junior mining stocks, gold exploration, and opportunities in the Cariboo Gold District, this conversation offers valuable insight.
🔔 Subscribe for more interviews with mining CEOs, exploration updates, and insights from major mining conferences.
====================
🚀 New drill results from the Halo Zone continue to highlight the growing potential at the Quesnelle Gold Quartz Mine property in British Columbia. ➡️ 🔗 Read the full release: https://lnkd.in/gAKEwjQu
891 followers • 1w • Edited
Recent drilling, including hole QGQ25-27, continues to confirm broad zones of gold mineralization near surface within the Halo discovery area. The results support the company’s geological model and ongoing step-out drilling strategy along the Cariboo Gold Corridor.
🔎 Key highlights:
🔹 ⛏️ 0.89 g/t gold over 70.65 m intersected from near surface in drill hole QGQ25-27.
🔹 📈 Continued confirmation of consistent gold mineralization within the expanding Halo Zone.
🔹 🧭 Ongoing drilling aimed at expanding the zone along strike and at depth across the Quesnelle property.
💬 Frank Callaghan, President & CEO, commented: “Intersecting nearly 71 metres of continuous gold mineralization from near surface is another strong indication of the scale and continuity developing within the Halo zone. Results like this reinforce our confidence that we are delineating a significant mineralized system at the Quesnelle Gold Quartz property. As drilling continues to expand the Halo zone and test the broader trend, each hole is adding to the dataset that will support the Company’s planned mineral resource estimate.”
With year-round drilling supported by excellent infrastructure in central British Columbia, Golden Cariboo continues advancing exploration at one of the most prospective areas in the historic Cariboo Gold District.
====================
Day 3 at Prospectors & Developers Association of Canada (PDAC) was full of great conversations and valuable insights.
891 followers • 1w • Edited
Our CEO, J. Frank Callaghan, had the opportunity to connect with Rachel Lee from CEO.ca to share perspectives on the current resource market, Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ) ongoing work, and the opportunities we see ahead in the Cariboo Gold District.
hashtag#PDAC continues to be an excellent forum to meet with investors, partners, and industry leaders while highlighting the progress being made at Golden Cariboo Resources.
If you're attending PDAC, we look forward to continuing the conversation.
====================
Day 2 at PDAC has been nothing short of energizing for the Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ) team!
891 followers • 1w • Edited
There’s been tremendous interest and engaging conversations around our recent announcement:
📣 Golden Cariboo Resources Intends to Commission Independent NI 43-101 Mineral Resource Estimate for the Halo and Main Zones
Investors, industry peers, and strategic partners have been stopping by to talk about what this milestone means for the Company and the broader Cariboo gold district. Commissioning an independent NI 43-101 Mineral Resource Estimate marks a significant step forward as we continue to advance and unlock value from our Halo and Main Zones.
As J. Frank Callaghan shared during meetings today:
“Commissioning an independent NI 43-101 Mineral Resource Estimate is a major step forward for Golden Cariboo. It reflects the strength of our geological model and the consistent results we’ve seen to date. We’re excited to take this next step in demonstrating the scale and potential of the Halo and Main Zones.”
The momentum at PDAC reinforces the growing recognition of the work our technical team has accomplished — and the opportunity ahead.
If you’re at PDAC, connect with us at booth #2351 to learn more about what’s next for Golden Cariboo Resources.
hashtag#GoldenCaribooResources hashtag#PDAC2026 hashtag#Mining hashtag#GoldExploration hashtag#NI43101 hashtag#ResourceEstimate hashtag#Cariboo hashtag#JuniorMining hashtag#CapitalMarkets
Spiro Kletas
Andrew H. Rees
Myles Dickson
Jamie Hyland
====================
Day 1 at PDAC 2026 is off to a strong start for Golden Cariboo Resources Ltd. (CSE: GCC | OTCQB: GCCFF | WKN: A0R2CQ | FSE: 3TZ)
891 followers • 1w • Edited
Our team has been busy all day at Booth #2351, connecting with investors, industry peers, and new partners from across the globe. The energy on the floor has been fantastic, and it’s great to see such strong interest in our exploration progress and upcoming milestones.
We’ve had engaging discussions around our 100%-owned Quesnelle Gold Quartz Mine property and the broader potential within the Cariboo Mining District. The momentum building around our story is exciting, and we’re looking forward to continuing the conversations throughout the week.
If you’re at PDAC, stop by Booth #2351 to meet the team and learn more about what’s ahead for Golden Cariboo Resources.
Here’s to a productive and successful convention!
Myles Dickson
Spiro Kletas
Jamie Hyland
Scott Young
J. Frank Callaghan
Andrew H. Rees
Peter J. Kletas
====================
$GCCFF 🗞️ 🤓
INV4
3月前
Golden Cariboo Resources Acquires Placer Claims at Halo Zone; Provides Drilling Update
March 17, 2026
VANCOUVER, BC - March 17, 2026 (NEWMEDIAWIRE) - Golden Cariboo Resources Ltd. (the "Company") (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces that it has acquired 13 cells of placer claims at the Halo zone, totaling 250 ha. This purchase for 100% of the placer rights is for the sum of $60,000CAD (SIXTY THOUSAND DOLLARS).
In addition to the placer claim acquisition, Golden Cariboo Resources wishes to provide an update on active drilling. Drill hole QGQ25-28 is ongoing, currently at a depth of 715.00m (2345.80 ft). It has intersected intermittent quartz-carbonate veining, silicification and disseminated and stringer pyrite mineralization as seen in the picture HERE. This drilling is targeting northwest of the Halo zone.
The technical information in this news release has been reviewed and approved by Jean Pautler, an independent consultant commissioned by the Company. Jean Pautler is a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC ("APEGBC") and licensed by Engineers and Geoscientists BC, and is a "Qualified Person" with respect to NI 43-101.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is bordered by Osisko Development, partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer (56 mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo's Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150m x 150m (less than 6 acres) at the Main zone straddling Hixon Creek. Overall, the geological setting of the gold mineralization at the Company's Quesnelle Gold Quartz Mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) towards the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits which include some of the world's largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
J. Frank Callaghan, President & CEO
Tel: 604-669-6463
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
Neither the "CSE" Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company's exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company's operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View the original release on www.newmediawire.com
Link article
🗞️ 🤓
INV4
3月前
Gold Explorer Uncovers 70.65m High-Grade Zone in BC's Cariboo District
March 12, 2026
Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announces results from its recent drilling at the Quesnelle gold quartz mine property in the historic Cariboo Gold District. See why some are saying early drilling results there are "turning heads."
Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced promising results from its recent drilling at the Quesnelle gold quartz mine property, situated 4 kilometers northeast of Hixon in British Columbia, according to a March 10 release.
The company reported that drill hole QGQ25-27, located within the Halo zone, yielded a notable gold intersection of 0.89 grams per tonne gold (g/t Au) over a stretch of 70.65 meters, starting from a shallow depth of 14.20 meters.
"Intersecting nearly 71 metres of continuous gold mineralization from near surface is another strong indication of the scale and continuity developing within the Halo zone," President and Chief Executive Officer Frank Callaghan said.
He emphasized that these results bolster the company's confidence in the significant mineralized system being delineated at the Quesnelle property. As drilling progresses, each new data point gathered will contribute to a planned mineral resource estimate (MRE) for the site.
QGQ25-27 was drilled at an orientation of 353 degrees and had to be terminated earlier than planned due to technical difficulties, Golden Cariboo noted. Another drill hole, QGQ25-26, which was positioned between the main zone and the Halo zone, encountered significant amounts of andesitic flow, a rock type generally not conducive to quartz veining. Meanwhile, drilling continues with hole QGQ25-28, which aims to explore the northwest extension of the Halo zone.
In terms of quality assurance and quality control, QA/QC samples, including blanks, standards, and coarse reject duplicates, made up 5 percent of all samples processed. The drilling utilized NQ core, which was logged, split, and sent to the accredited MSALABS laboratory in Prince George for analysis. There, samples underwent a rigorous preparation process, including crushing, splitting, and pulverizing, followed by a 35-element analysis using aqua regia digest and inductively coupled plasma atomic emission spectroscopy.
Additionally, PhotonAssay analysis was performed for gold and silver, providing a comprehensive evaluation of the gold distribution, particularly useful in coarse gold environments like the Halo zone, the company said.
QGQ25-27 also intersected 1.71 g/t silver (Ag) over 70.65 meters, and smaller intervals of 3.25 g/t Au and 1.42 g/t Ag over 8.2 meters and 3.86 g/t Au and 3.49 g/t Ag over 5.2 meters, according to the release.
The technical information provided in this update has been reviewed and approved by Jean Pautler, an independent consultant and professional geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia, ensuring the reliability and independence of the results reported.
A Significant Step in Advancing the Property
Earlier this month, Golden Cariboo announced its intention to commission the MRE for Quesnelle, which is in British Columbia's Cariboo Gold District. This initiative, aligned with the National Instrument 43-101 Standards of Disclosure for Mineral Projects, was detailed in a March 1 release. The MRE will evaluate the Halo and Main zones of the property, incorporating data from the company’s initial 28 NQ-sized surface diamond drill holes and up to nine historical drill holes.
Callaghan expressed confidence in the decision at the time, noting the encouraging geological continuity and mineralization observed from the initial drilling efforts. "Commissioning an independent resource estimate at this stage reflects the strength and consistency of the drilling results we have generated to date," Callaghan stated.
He emphasized that the data collected thus far provides the management with enough confidence to proceed with a formal NI 43-101 resource estimation, marking a significant step in systematically advancing the property.
The MRE process will be carried out by a Qualified Person as defined under NI 43-101 and will include tasks such as validating the drill database, conducting geological modeling, estimating grades, and classifying the mineral resources according to CIM Definition Standards. Golden Cariboo remarked that it is unusual to pursue a mineral resource estimate so early in the exploration phase, but the consistent results from the Halo and Main zones justify this independent technical assessment at this point.
The company also highlighted that its drilling efforts are ongoing, aimed at further delineating the known mineralized zones. These continued explorations may lead to future updates to the resource estimates.
Results Are 'Turning Heads'
In an era where tangible results are paramount and speculative enthusiasm has waned, Golden Cariboo Resources (CSE: GCC, OTC: GCCFF) is making a significant impact with its drilling operations in British Columbia’s historic Cariboo Gold District, according to a sponsored report by The Deep Dive's Jay Lutz on February 10. This area, just kilometers from the site of the famed gold rush sparked by Billy Barker, is now the focus of Golden Cariboo’s ambitious exploration efforts.
"After nearly a decade in retirement, Frank (Callaghan) is back, leading Golden Cariboo’s exploration at the Halo Zone — and the early results are turning heads: 136.5 meters of 1.46 g/t Au, long intercepts across multiple zones, and consistent mineralization across every hole drilled," Lutz wrote.
He continued, "While Artemis and Osisko move shovels and billions in the same region, Golden Cariboo is a CA$5 million (now CA$11.2 million) market cap stock with 5¢ shares — still at the beginning of its journey. But with infrastructure, access, and geology all in its favor, could this be the next early-stage name to rewrite the future of this storied district?"
In a recent analysis by Couloir Capital, Analyst Ron Wortel and his team discussed the ongoing exploration campaign by Golden Cariboo at the Quesnelle property, noting that the campaign aims to both expand the footprint of existing gold-bearing zones and pinpoint new drill-ready targets. The outcomes of this exploration effort are deemed crucial for setting future drilling priorities and could significantly influence the reassessment of the project's long-term development potential.
At the time of the report, Golden Cariboo's shares were trading at approximately CA$0.05 each, which represents a substantial discount when compared to its industry peers. Despite this, the company shows promising signs of scalability at its Halo zone and other potential targets within the Quesnelle property.
Couloir Capital has therefore set a fair value target price of CA$0.40 per share for Golden Cariboo, indicating a potential upside of 700% at the time the note was written. Golden Cariboo is rated as a buy by Couloir Capital.
The Catalyst: Analysts Say Bull Market Is Still On
Gold recently experienced one of its most significant single-session declines in months, a movement that Wall Street has largely overlooked, according to Hillary Remy of The Street on March 9.
According to CBS News, after a historic surge that saw the price of gold climb from approximately US$2,624 per ounce a year ago to a record high of US$5,589 in January, the article said. The price underwent a sharp correction in early March, settling around US$5,350. This pullback has been painful for those who invested during the peak of the frenzy.
However, seasoned analysts familiar with gold's historical patterns are interpreting this decline as a normal, healthy correction within an ongoing bull market that shows no signs of concluding soon, Remy reported. The primary concern now is whether the factors that initially propelled gold to unprecedented heights remain in effect. The consensus among experts suggests that these driving forces are still largely present.
The recent downturn in March wasn't triggered by any specific crisis but resulted from profit-taking activities typical after a sustained rally, the report said. A temporary strengthening of the U.S. dollar also contributed to the downward pressure on gold prices, as the value of gold often moves inversely to the dollar. Investors who had reaped substantial gains from gold's dramatic rise over the past year seized this moment to secure their profits.
The market is currently facing challenges in maintaining stability around the US$5,200 mark as investors grapple with persistent inflation concerns, reported Neils Christensen for Kitco News on March 11. These concerns are prompting speculation that the Federal Reserve might sustain its neutral monetary stance for an extended period. According to the latest data from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.3% in February, following a 0.2% rise in January, aligning with economists' predictions. Year-over-year, inflation remained steady at 2.4%, consistent with January's figures and expectations, yet still above the Federal Reserve's 2% target.
Analysts are now anticipating a potential surge in inflation due to recent U.S.-Israel military actions against Iran, which have led to significant disruptions in global supply chains, especially affecting the oil market, Christensen noted.
Chris Zaccarelli, chief investment officer for Northlight Asset Management, told Kitco, "The good news is that inflation didn’t come in higher than expected in this morning’s CPI report; however, this is backward-looking data from before the war in Iran began." He added that it is widely believed the Federal Reserve will delay any policy changes until it becomes clear whether inflation expectations will increase and stabilize or revert to pre-conflict levels.
In response to the inflation data, the gold market experienced some downward pressure, with spot gold prices dropping to US$5,178.10 an ounce, a decline of 0.24% on the day. The report also pointed out that rising shelter costs continued to be a significant factor in inflation, contributing a 0.2% increase in February. Additionally, the food index saw a 0.4% rise, while the energy index increased by 0.6%.
Ownership and Share Structure1
Two insiders own 9.13% of Golden Cariboo. They include president and CEO Frank Callaghan, who is the largest shareholder overall with 9.01%. Laurence Smoliak owns 0.12%. The rest is in retail. There are no institutional investors at this time.
The Canadian explorer has 106.86 million outstanding shares, and 106.86 million free float traded shares. Its market cap is CA$11.21 million. Its 52-week range is CA$0.04–CA$0.14 per share.
Link article
$GCCFF 🗞️