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 almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Project includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek which has seen small-scale placer production since the mid 1860s.
Cash: CAD$1.5 mil
Debt: Nil
Major shareholders:
Frank Callaghan – 22%
Gold Digga – 10% Management ownership 5%
Financials
Management Profile
Frank Callaghan
President and CEO
Mr. Callaghan has served as President, CEO and been on the board of numerous public companies in his progressive career in the BC – Yukon mining industry spanning over 30 years. His focus has been in the Gold Bridge/Bralorne, Goldstream/Revelstoke, Wells/Barkerville and Atlin gold camps, including 20 years in the Smithers Cu-Ag-Au and Keno Hill Ag-Pb-Zn camps, culminating in bringing two gold mines into production. Mr. Callaghan is originally responsible for the strategic plan leading to the discovery, financing and initial feasibility work for Osisko Development Corp’s (ODV-TSX.V/ODV-NYSE) Cariboo Gold Project. Mr. Callaghan began assembling the Cariboo Gold Project near Wells in central BC in 1994, made the original Bonanza Ledge Discovery in 2000, processed a 10,000 tonne bulk sample in 2004 at the Mt. Polley Mine, completed approximately 150,000 meters of drilling which was subsequently twinned and expanded upon by Osisko to achieve similar results, initiated the usage of ore sorting technology that is being utilized today, advanced long term environmental studies, established meaningful engagement with the Lhtako Dene Nation and commissioned traditional use studies resulting in the signing of a mutually beneficial Memorandum of Understanding (MOU) in 2000.
What is your rationale for taking part in 121 Mining Investment?
New developments, new company expand shareholder base, former company primarily financed in the UK. Planning on another raise.
What recent news would you like to highlight to investors attending?
November 5, 2024 – Golden Cariboo Increases Strike Length of Known Gold Mineralization by 1 km Through Outcrop Sampling; Expands Surface Gold Mineralization to Northeast at Halo zone
Oct 29, 2024 – Golden Cariboo Intercepts Additional Visible Gold in Four Latest Drill Holes
Oct 25, 2024 – Golden Cariboo to Close Private Placement: Oversubscribed
Oct 22, 2024 – Golden Cariboo Terminates Drill Hole in Vein Zone Due to Proximity to Osisko Development Corporation’s Mineral Claims
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Expand new discovery
6 Months:
Continue drilling
12 Months:
Preliminary resource estimate
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Forest fires
What do you think makes your company such a compelling investment?
Management’s success
What are the top 3 key investor takeaways?
Top management, discovery made, favorable mining jurisdiction