Golden Cariboo Resources Ltd. has completed the purchase of a 5.36-acre freehold property in Hixon, British Columbia, for $300,000 CAD, the company announced October 21, 2026. The acquisition, first disclosed in a May 19, 2026 news release, marks a strategic investment in operational readiness and long-term capacity for the junior explorer.
The two adjacent lots on Highway 97 will serve as a camp to support continuous exploration and development at Golden Cariboo's nearby Quesnelle Gold Quartz Mine Property. According to the company, the camp will enable year-round operations, a distinction that President and CEO J. Frank Callaghan says sets Golden Cariboo apart from many peer group companies. “Being able to work 12 months a year sets Golden Cariboo apart from many peer group companies,” Callaghan stated, adding that the acquisition supports the company's focus on building upon and expanding its inaugural NI 43-101 Mineral Resource Estimate announced September 30, 2026.
The company has already mobilized its Atco 5 unit skid-mounted trailers to the site to provide near-term accommodation and operational support infrastructure for field personnel and contractors. Water studies, permitting and engineered plans are in progress to assist with camp infrastructure installation. Aqua Tech Ltd from Kelowna and Western Water Associates Ltd out of nearby Prince George have been onsite to complete water testing and water quality analysis, including review by Northern Health. Results are pending, and the company noted that either the existing water licence at the camp will be transferred to it or a new licence may need to be applied for. Additionally, Golden Cariboo has engaged Prince George-based L&M Engineering Ltd. to complete engineering plans and permitting for either an upgraded or new septic system to support the camp, ensuring the site is fully functional and compliant with applicable regulations.
The camp's location is particularly significant because the Quesnelle Gold Quartz Mine property lies just 4 kilometers (2.5 miles) northeast of Hixon and is road accessible. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150m x 150m at the Main zone straddling Hixon Creek. The company is proceeding with highly targeted drilling and trenching programs on the property, which is bordered by Osisko Gold Group Inc. and partly intertwined with them at the north end of the Cariboo Gold Project. The property is situated along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 96,183 hectare (237,673 acre) area. Overall, the geological setting shows strong similarities with the Spanish Mountain gold deposit, 120 km to the southeast along the same trend, a sediment-hosted vein deposit considered part of the epizonal orogenic subclass that includes world-class deposits such as Muruntau and Bendigo.
For investors, the camp acquisition matters because it directly addresses a key operational bottleneck: the ability to conduct exploration and development activities without seasonal interruption. By securing year-round access, Golden Cariboo aims to accelerate work on expanding its maiden resource estimate, potentially enhancing the project's value proposition. The move also signals management's confidence in the project's long-term potential and its commitment to building the infrastructure needed for sustained exploration. As the company advances water and septic permitting, the camp is expected to become fully operational in the near future. More details are available at www.goldencariboo.com, and the original release can be viewed on www.newmediawire.com.
