By Jamie Hyland – MiningIR
Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF) is looking stronger than ever, as its Quesnelle Gold Quartz Mine Property—located in the heart of British Columbia’s historic Cariboo Gold District—gains renewed attention in light of a major financing milestone next door.
On July 21, 2025, Osisko Development Corp. (TSXV: ODV) announced it had secured a US$450 million financing facility to advance development of its flagship Cariboo Gold Project in Wells, B.C. The news marks a pivotal moment for the region, which is witnessing an accelerating resurgence in gold exploration and development.
The financing, led by global mining private equity group Appian Capital Advisory, was welcomed by Osisko’s leadership as a major turning point.
“We are delighted to welcome Appian as a new cornerstone investor, which is a significant endorsement of the Cariboo Gold Project and a major milestone in advancing it towards a construction decision,” said Sean Roosen, Chairman and CEO of Osisko Development.
“Having recently completed an updated feasibility study for the Project, the US$450 million facility represents a key financing commitment and allows us to maintain momentum towards a formal investment decision. The facility is structured to provide us with financial flexibility as we continue to push forward on pre-construction and construction activities and seek to fully fund the Project for construction. Appian is the leading investor in the mining space and has a successful track record of identifying and supporting the development of high-quality assets into production—we are encouraged by their confidence in our team and vision to develop the next major Canadian gold mine.”
What makes this especially relevant to Golden Cariboo is geography—and geology. The company’s Quesnelle Gold Quartz Mine Property is directly contiguous to Osisko’s holdings, sharing the same structural corridor and regional mineralization trends.
“This is a huge step forward for the entire Cariboo region,” said Frank Callaghan, CEO of Golden Cariboo. “Osisko’s success in securing US$450 million in financing is not only a testament to the quality of the district, but also validates the exploration potential right next to us. It puts a spotlight on our Quesnelle project like never before.”
Golden Cariboo’s Quesnelle project is not only benefiting from regional momentum—it’s delivering tangible results. Latest drilling has revealed multiple occurrences of visible gold (VG), notably in hole QGQ24-21, where visible gold appeared from approximately 257 m downhole—marking the ninth consecutive drill hole to show VG in the Halo Zone. Encouragingly, step-out drilling continues to pay dividends. Drill hole QGQ25-23, a 65 m step-out in the NNW extension of the Halo Zone, intersected a broad zone of quartz‑carbonate veining with visible gold in three separate occurrences between 202 m and 281 m, before being terminated within the mineralized zone at 288 m due to technical constraints. These compelling VG intercepts have caught investor attention, and Golden Cariboo has now secured funding for the next drilling phase, designed to expand both strike and depth along the Halo structural corridor.
Golden Cariboo’s 3,000-hectare property covers a historically productive high-grade gold mine, the Quesnelle Quartz Gold Mine, which produced intermittently between 1865 and 1965. Today, the company is applying modern exploration techniques to a district with over 100 years of rich gold history—and is finding compelling signs of mineralization in multiple zones.
As mine development at Cariboo Gold progresses, Golden Cariboo is expected to benefit from both enhanced investor attention and shared infrastructure development. In a rising tide, companies with the right address—like Golden Cariboo—stand to be lifted significantly.
With visible gold confirming high-grade potential and a fully funded drill program well underway, Golden Cariboo is well-positioned to capitalize on surging investor interest and the broader development of the Cariboo Gold District. As mine construction accelerates at Osisko’s project, Golden Cariboo’s address—and progress—continues to stand out.
🔗 Learn more at: https://goldencariboo.com/property-assets/
🔗 Related news: Osisko Development Secures US$450 Million Financing
