Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE), with 700% potential upside, aims to extend the known strike of the Halo and Main zones at its Quesnelle quartz gold project in the Cariboo Mining District, noted a Couloir Capital report.
Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) commenced an expanded fall 2025 drill program at its Quesnelle gold quartz project in central British Columbia's (B.C.'s) Cariboo Mining District and to enhance execution of it, hired two experienced geologists, reported Couloir Capital's Analyst Ron Wortel and its research team in a Nov. 29 research note.
"The campaign is expected to broaden the footprint of existing gold-bearing zones and define new drill-ready targets," Wortel wrote. "The campaign's results will play a central role in determining follow-up drilling priorities and could represent a key catalyst for reassessing the longer-term development potential of the project."
Golden Cariboo's share price was about CA$0.05 per share (CA$0.05/share) at the time of Wortel's report, the analyst noted. GCC is trading at a significant discount to the peer group of explorers active in well-established B.C. gold camps. The market caps of these companies are between about CA$6 million (CA$6M) and CA$40 million-plus, whereas Golden Cariboo's market cap is about CA$5.3M (106.9 million [106.9M] shares outstanding).
Given the strong indications of scale potential at Halo and multiple additional targets on the Quesnelle property, Couloir believes Golden Cariboo should be in the upper end of the range. Thus, Couloir's fair value target price on the Canadian junior miner is CA$0.40/share.
The difference between this target and GCC's current price implies a potential return of 700%.
Golden Cariboo remains a Buy.
With the in-progress surface drill program at Quesnelle, Golden Cariboo is targeting priority sites defined through prior exploration work, including trenching, sampling, and surface mapping, reported Wortel.
The company aims to extend the known strike of the Halo and Main zones to roughly 2 kilometers (2 km) from about 600 meters (600m). Success in this regard would increase the likelihood that the mineralized system at Quesnelle is of district style and scale. This, in turn, could result in a valuation rerating.
Prior to starting the drill program, Wortel noted, Golden Cariboo raised CA$1.5M in equity funding. It will use the funds not only to advance the 2-km Halo-Main corridor expansion but also to accelerate work in emerging parallel trends.
Before the capital raise, at the end of Q3/25 (Sept. 30), the company had CA$0.73M in cash and CA$1M in working capital. It has an estimated 8.53M options and 53.11M warrants, all out of the money.
In early September, Cariboo discovered the KM Uno zone at Quesnelle, a derisking and value-enhancing event, reported Wortel. Initial bedrock sampling from volcanic subcrop and angular float material there returned encouraging gold and silver results, up to 1.1 grams per ton gold (1.1 g/t Au) and 8 g/t silver (Ag). The zone contains consistent gold-silver-arsenic soil anomalies and the same geophysical features as the mineralization at Halo. The discovery also means that Quesnelle contains multiple mineralized zones.
"With KM Uno now identified, Golden Cariboo evolves from a single-zone story into a multizone gold-silver system," wrote Wortel.
The analyst pointed out that there are several parallel mineralized structures at Quesnelle. Halo sits between two of them, Sunset to the west and KM Uno to the southeast. This trio directly correlates to "previously mapped gold-silver-arsenic soil anomalies, airborne resistivity highs and ground conductivity features, suggesting a district-scale gold system," Wortel wrote.
Halo has shown near-surface mineralization. Highlight hole QGQ24-13 intersected 1.77 g/t Au over 136.51m. Follow-up hole QGQ24-20 showed 0.56 g/t Au over 475.4m, including 1.06 g/t Au over 236.88m.
Sunset has indicated the presence of mineralization, including possible extensions toward historically producing areas like the Hixon Creek Placer.
The company is testing possible northern extensions of the mineralized system with its work at Buckley Creek, 1 km north-northwest of the Halo discovery hole and 2 km north of the Main zone shaft.
Wortel presented four potential catalysts for Golden Cariboo:
1) Positive results from the current drill program.
2) Generation of additional high-priority targets and discovery success in the broader land package.
3) Additional drilling that confirms and extends mineral continuity at Halo.
4) Financing-related news that materially changes the explorer's capital structure.
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Important Disclosures:
Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, 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.As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Cariboo Resources Ltd.Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
Disclosures for Couloir Capital, Golden Cariboo Resources Ltd., November 29, 2025
DISCLAIMER This report has been prepared by an analyst on contract with or employed by Couloir Capital Ltd. The analyst certifies that the views expressed in this report, which include the rating assigned to the issuer's shares as well as the analytical substance and tone of the report, accurately reflect his or her personal views about the subject securities and the issuer. No part of his / her compensation was, is, or will be directly or indirectly related to the specific recommendations. Couloir Capital, its affiliates, and their respective officers, directors, representatives, researchers, and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities. Additionally, Couloir Capital may have provided, in the past and may provide, in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services. Couloir Capital has prepared this document for general information purposes only. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided has been derived from sources believed to be accurate, but cannot be guaranteed. This document does not consider the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g., prohibitions to investments due to law, jurisdiction issues, etc.) that may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before making an investment. Couloir Capital will not treat recipients of this document as clients by virtue of having viewed this document. Company-specific disclosures, if any, are below: 1 In the last 24 months, Couloir Capital Ltd. has been retained by the subject issuer under a service agreement that includes analyst research coverage only. 2. The issuer has no control over the content of this report. 3 The views of the Analyst are personal. 4 No part of the Analyst's compensation was directly or indirectly related to the specific ratings as used by the research Analyst in the Reports. 5 The Analyst does not maintain a financial interest in the securities or options of the Company. 6 The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated fund entity. 7 The information contained in the Reports is based upon publicly available information that the Analyst believes to be correct but has not independently verified with respect to truth or correctness.
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