Garibaldi Resources Corp.

Published : October 01st, 2013

Garibaldi Updates Program At Grizzly Property

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Garibaldi UPDATEs


Vancouver, British Columbia - September 30, 2013 - Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi"), management is pleased to provide an update on the Company's 100% owned Grizzly project in NW B.C.

As previously reported,  Garibaldi has completed a high resolution heli-borne aeromagnetic and radiometric survey over Grizzly West, a high priority target area within Garibaldi's 175 sq. km Grizzly project. The survey tied into an earlier survey by Fugro that covered the central part of Grizzly and the southern part of Prosper Gold's Sheslay Property where a drill program was recently announced.

A preliminary review of the combined  data confirms that the rock units underlying the Grizzly extend north onto the Sheslay Property and shows two parallel faults (extending 15 kms from Grizzly West, to Grizzly Central) which appear to be related to porphyry copper-gold occurrences on Sheslay and Grizzly West.  Additional processing of the data is ongoing and results will be announced as they become available (click here to see map of aeromagnetic survey).

Carl von Einsiedel, P.Geo., a non-independent geological consultant and a qualified person as defined by NI-43-101, has reviewed this release and approved the geological content thereof.

Garibaldi has closed a Flow-through Private Placement of 333,335 shares of its securities at $0.15 cents per share for gross proceeds of $50,000 CDN. The shares are subject to a hold period and may not be traded until January 30, 2014. The funds will be used to expand an immediate ground reconnaissance and sampling program on the Grizzly project.

Steve Regoci, Barrie Di Castri, Greg Burnett and Brent Petterson, all directors and/or officers of the Company, each subscribed for 66,667 shares of the private placement financing. As a result of the issuance of the shares to the foregoing directors, the financing is considered to be a related party transaction subject to the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Garibaldi is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of Garibaldi's market capitalization.

We seek safe harbour.





per:   "Steve Regoci"                       

        Steve Regoci, President


       Garibaldi Resources Corp.



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Garibaldi Resources Corp.

ISIN : CA3660441054
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Garibaldi Res. is an exploration silver and gold company based in Canada.

Garibaldi Res. holds various exploration projects in Mexico.

Its main exploration properties are TEMORIS, IRIS, RODADERO, BADESI, ONAVAS, TONICHI, SIANORI and MORELOS in Mexico and KING, PRINCETON, BLACK GOLD and GRIZZLY in Canada.

Garibaldi Res. is listed in Canada. Its market capitalisation is CA$ 33.8 millions as of today (US$ 24.2 millions, € 22.2 millions).

Its stock quote reached its lowest recent point on December 30, 2002 at CA$ 0.02, and its highest recent level on October 27, 2017 at CA$ 5.27.

Garibaldi Res. has 71 192 125 shares outstanding.

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2007 Annual Report
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12/24/2015Garibaldi Closes $848,000 Financing, Grants Stock Options
9/17/2015Garibaldi "unmasks" 25 sq km of Grizzly Central
8/14/2015Garibaldi advances La Patilla, crews mobilize for Grizzly Pr...
4/9/2015Garibaldi to drill high-grade zone at La Patilla
3/5/2015Garibaldi drills into bonanza grades on 150-meter step-out f...
2/25/2015Garibaldi signs LOI to send La Patilla mill feed to Gainey C...
12/22/2014Garibaldi Closes $1,250,000 Financing
11/26/2014Garibaldi drill tests new high-grade area north of Silver Ea...
11/7/2014Garibaldi Arranges $1 Million Financing to Fast Track Drilli...
10/23/2014Garibaldi makes new surface discovery north of Silver Eagle
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8/5/2014Garibaldi confirms discovery of shallow high-grade system at...
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5/1/2014Garibaldi Expands Northwest B.C. Presence
2/6/2014launches online marketing and awareness program via AGORACOM
2/2/2014Garibaldi Goes Big
1/31/2014Garibaldi Goes Big
12/13/2013Garibaldi Event Monday
11/7/2013recommences drilling at Locust
11/1/2013d Fact Sheet
9/27/2013(Grizzly)Attacks the Grizzly
3/14/2013drills 23.89 metres of 1.45 g/t gold at the Locust Project
6/3/2010Exploration Update on Hyperspectral Target
12/16/2009Welcomes Professional Geoscientist on to Board of Directors
12/14/2009Joins the "Agoracom 100" and Launches Online IR and Marketin...
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