Golden Cariboo outlines nearly 1M oz inferred in BC

AI desk brief

Golden Cariboo outlined an initial compliant resource at its Quesnelle property in central British Columbia of 175,000 indicated oz gold and 995,000 inferred oz gold, along with significant silver byproduct, giving the project a baseline for future drilling. The estimate is based on 24 diamond drill holes totaling 8,466 metres across the Halo and North Hixon zones; the company said Main zone drilling is not included and plans a further 7,500 metres of drilling in 2026.

The stock fell 31% to C$0.09 after the release, cutting market value to about C$14 million. Couloir Capital called the initial resource the key near-term valuation catalyst but kept a very high-risk rating, underscoring that this is a project-stage update rather than a broader market-moving supply event.