Business
Golden Cariboo Cancels Private Placement
(TheNewswire) Vancouver, BC - TheNewswire - September 5 , 2023 - ...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Cancels Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n September 5\n \n \n \n \n , 2023 -\n \n \n Golden Cariboo Resources\nLtd.\n \n \n (the\n“Company”)\n \n \n (TSXV:GCC\n \n \n )\n \n \n (\n \n \n OTC:GCCFF\n \n \n )\n \n \n (\n \n \n WKN:A0RLEP)\n \n \n Based on current market\nconditions, the Company has decided not to proceed with the Private\nPlacement announced on June 12, 2023.\n \n \n \n \n \n \n About\nGolden Cariboo Resources Ltd.\n \n \n \n \n Golden Cariboo Resources Ltd. is rediscovering the\nCariboo Gold Rush by proceeding with high-grade targeted drilling and\ntrenching programs on its Quesnelle Gold Quartz Mine project which is\nalmost fully encircled on 3 of 4 sides by Osisko Development Corp.\n(NYSE: ODV, TSXV: ODV). Historically, over 101 placer gold creeks on\nthe 90 km trend from the Cariboo Hudson mine north to the Quesnelle\nGold Quartz mine have recorded production in excess of 2.6 million\nounces of gold up to 1933 (Hall, 1986) and successful placer mining\ncontinues to this day.\n \n \n \n \n Golden Cariboo’s Quesnelle Gold Quartz Mine property\nis 4 km northeast of, and road accessible from, Hixon in central\nBritish Columbia. The Property includes the Quesnelle Quartz\ngold-silver deposit, which was discovered in 1865 in conjunction with\nplacer mining activities and produced 2,048 tonnes grading 3.14 g/t Au\nand 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes of\nunknown grade reported in 1878 (BC Minfile, 2021). Hixon Creek, which\ndissects the Hixon Gold claims, is a placer creek which has seen\nlimited, small-scale placer production since the mid 1860's. From\nMinistry of Mines Reports prior to 1945, estimates of up to $2,000,000\nworth of placer gold was mined from Hixon Creek.\n \n \n \n \n For further information please contact:\n \n \n \n \n GOLDEN CARIBOO RESOURCES LTD\n \n \n \n \n “Andrew H. Rees”\n \n \n \n \n Andrew H. Rees, Director\n \n \n \n \n Tel:  604-505-3739\n \n \n \n \n Neither the TSX Venture Exchange nor its Regulation\nService Provider (as that term is defined in the policies of the TSX\nVenture Exchange) accepts responsibility for the adequacy or accuracy\nof this release.\n \n \n \n \n This news release...