December 17, 2009
Garibaldi Resources - Press Release
Garibaldi Commences Drilling of the Rembles Gold
Prospect on Its 100% Owned Tonichi/Onovas Property in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA -
(Dec. 17, 2009) - Garibaldi Resources Corp. (the "Company")
(TSX VENTURE:GGI) is pleased to announce the commencement of a 1200 m
diamond drill program to test the Rembles prospect, one of multiple targets
identified on the Company's 100% owned 48,000 hectare Tonichi/Onovas
concessions in Sonora State, Mexico. The Rembles prospect is a
northeast-southwest striking, up to 50 m wide, quartz-hematite breccia zone
with grab samples grading up to 21.7 g/t Au. A total of 8 diamond drill
holes are planned using the company's NQ diamond drill rig to test the gold
mineralization over the exposed 300 m strike-length. The mineralization is
also open to the northeast and southwest where it continues under a thin
layer of overburden.
The Rembles prospect occurs approximately 20 km south of the Company's
recently announced (see news release dated October 29, 2009) Locust
"gold in soil" geochemical target which was initially identified
as a direct result of the Company's high resolution hyperspectral survey. Both
prospects are situated on the Company's strategic Tonichi/Onovas
concessions which cover a major portion of the highly prolific Laramide
porphyry copper-molybdenum-gold belt and clearly outlines the untapped
exploration potential of this area. The property is notable for broad
visually impressive alteration systems which are well mapped by the
hyperspectral survey and are thought to represent untested porphyry
Mineralization at Rembles was initially discovered by Garibaldi field
geologists as part of the Company's "Rapid Assessment Protocol"
follow-up exploration strategy to ground truth and sample historic workings
where present in the southern portion of Tonichi/Onovas. The structurally
controlled mineralized breccia zones similar to the Rembles prospect in the
district are considered important for epithermal gold mineralization and
are believed to have temporal and spatial correlations with deeper
mineralized porphyry intrusive systems. The property is straddled by several well
known porphyry copper-molybdenum and epithermal gold deposits including the
Cuatros Hermanos, Cerro Verde and the San Antonio deposits in addition to
several other historic mines.
The Rembles target is easily accessible by a recently completed 3km drill
road and occurs in a heavily vegetated area of the Sonora desert
approximately 1 km west of the Yaqui River. This is a major river system
cutting through the southern part of the property and provides the water
supply for drilling. The Rembles prospect area is well situated for low
cost exploration and future mine development.
The drill program at Rembles will coincide with a follow-up trenching and
field mapping program in the Locust area in the northern part of the
property. Assay results for both programs will be released as they become
available. Richard T. Osmond, P.Geo., a Qualified Person under the meaning
of Canadian National Instrument 43-101, is responsible for the technical
content of this news release.
GARIBALDI RESOURCES CORP.
Steve Regoci, President
Investors are invited to visit the Garibaldi Resources IR Hub at http://www.agoracom.com/IR/Garibaldi
where they can post questions and receive answers or review questions and
answers already posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to GGI@agoracom.com where
they can also request to be added to the investor e-mail list to receive
all future press releases and updates in real time.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this News
For more information, please contact
Garibaldi Resources Corp.
Cell: (604) 961-7555 or Office: (604) 488-8851
Garibaldi Resources Web Site
Garibaldi Resources IR HUB