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Garibaldi Resources Corp.

Publié le 27 septembre 2013

Attacks the Grizzly

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Mots clés associés :   Copper | Report |

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GARIBALDI DRILLS IN MEXICO, STARTS PHASE I
 PROGRAM AT GRIZZLY PROPERTY


Vancouver, British Columbia - September 26, 2013� Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi"), active year-round with projects in Mexico and British Columbia, is pleased to provide the following exploration and corporate update.

Highlights:
  • Mexico:    Six new holes drilled at gold-copper target, assays pending
  • Mexico:    Pilot program at Tonichi generating royalty income
  • British Columbia:    Garibaldi attacks the Grizzly
Mexico

Garibaldi has just completed six additional drill holes (LCT-13-11 through LCT-13-16) totalling 987 meters at the Locust target in Sonora State where a broad envelope of gold and copper mineralization is being tested at shallow depths.  Results are expected in the near future.  Locust  covers 1,200 hectares within the 47,000-hecatre Tonichi land package, one of three 100% owned district-scale projects Garibaldi is advancing in some of the most robust gold, silver and copper producing regions of Mexico. Additional drilling is planned during the upcoming fourth quarter.   

Garibaldi is also pleased to report that it�s conducting a pilot program with a private arms-length Mexican company to exploit near-surface coal seams over certain areas of Tonichi. This is at no cost to Garibaldi, and since commencing the program in February 2013 the Company has received royalties  totaling 701,000 pesos ($56,000 USD). Garibaldi is very satisfied with the early results of this ongoing initiative and is exploring ways to maximize the value of this asset for shareholders. Sonora coal districts are also favourable exploration targets for microcrystalline graphite deposits, and random graphite surface samples from a zone at Tonichi, prospected by a Garibaldi geologist, have been sent to a lab for analysis.

Grizzly Property - Northwest British Columbia

Garibaldi has just completed, through Precision GeoSurveys Inc., a high resolution heli-borne aeromagnetic and radiometric survey over �Grizzly West�, a priority target area within the northwest portion of its 175 sq. km Grizzly Property (100% owned, see updated maps at www.GaribaldiResources.com).  Results are expected shortly and will guide the next phase of exploration in the weeks ahead. Recent fieldwork at Grizzly West has outlined several areas of exposed porphyry copper mineralization and sizeable, open-ended copper-in-soil anomalies. 

The Grizzly Property adjoins the western and southern borders of Prosper Gold Corp.�s Sheslay Cu-Au Porphyry Project where a Phase 1 drill program is in progress (see Prosper Gold news release Sept.18, 2013).  Based on historical data, known geological structures and associated mineralization, Garibaldi geologists consider the potential within this area of highly prospective Stikine Arch Terrane to be significant.  The Grizzly is 50 km northwest of Telegraph Creek and 30 km east of the past producing high-grade Golden Bear gold mine.

Multiple Targets - Grizzly West To Grizzly Central

Since acquiring the Grizzly claims in 2006, Garibaldi has identified multiple target areas stretching 15 kilometres from the northwestern portion of the property through Grizzly Central, a large area of low relief immediately below a cluster of copper-gold porphyry targets on the Sheslay Property.  A Fugro airborne magnetic survey carried out in 2007, over both the southern half of the Sheslay (then known as Copper Creek) and the central part of the Grizzly, showed that the rock units and structures at Grizzly Central are similar to those that underlie the Sheslay Property. 
 
Given the increasing strategic importance of the Grizzly, Garibaldi has added the experienced geological consulting group of C.J. Greig & Associates to its team.
 
Garibaldi President and CEO Steve Regoci commented: �We've built a solid foundation for the company in Mexico, resulting in a healthy working capital position and a pipeline of advanced opportunities.  Our strategy in Mexico involves exploring large land packages and efficiently narrowing down the most prospective areas.  In B.C., we're utilizing that experience in taking the Grizzly to the next level.   The strength of our new neighbour (Prosper Gold) in the Sheslay River Valley will complement our exploration efforts at Grizzly. We are well-positioned to seize immediate opportunities in both Mexico and B.C.�

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 Retains Investor Relations

Garibaldi is pleased to announce it has retained the services of MarketSmart Communications Inc. (�MarketSmart�) to provide public relations programs and shareholder and investor communication services effectively immediately. MarketSmart is a Vancouver-based investor communications service that has been in business since 2002.

Pursuant to the terms of the agreement, MarketSmart will be paid $6,000 per month and will receive incentive stock options as described below. The agreement is for an initial term of three months and can be terminated by either party at any time, without cause, by giving 30 days� notice of termination in writing to the other party.  The agreement is renewable at the Company�s option and is subject to the acceptance of the TSX Venture Exchange. 

Stock Option Grant

In conjunction with entering into the agreement with MarketSmart, the Company announces that it has granted MarketSmart Incentive Stock Options for 250,000 shares of the Company�s capital stock, exercisable for one year, at a price of $0.20 per share, which price is not lower than the last closing price of the Company�s shares prior to this announcement, less the applicable discount.  The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory vesting requirements and hold periods.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release. 


Garibaldi Resources Inc.

per:   "Steve Regoci"   
    Steve Regoci, President


CONTACT
MarketSmart Communicatins Inc..





Disclaimer: MarketSmart Communications. was paid to distribute this bulletin. MarketSmart Communications may or may not own securities in this particular company. This is not a recommendation to buy or sell any securities. Although results are possible, they are not guaranteed. Please be aware that MarketSmart Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial adviser before making any investment decisions. This publication does not provide an analysis of a company's financial position and the information herein should NOT be construed as an offer to buy or sell securities. The information herein is taken from sources thought to be accurate, but there is no guarantee. All due diligence should be done by the reader or their financial adviser. Investing in securities is speculative and carries risk. You are on this mailing list because you have signed up to receive information from a current or previous client/affiliate of MarketSmart Communications. Past performance of Companies mentioned does not guarantee future performance. This email complies with the US Federal CAN-SPAM Act of 2003

For more information about MarketSmart Communications please click here:

MarketSmart Communications
744 West Hastings, Vancouver, British Columbia, V6C 1A5

 
 

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Garibaldi Resources Corp.

EXPLORATEUR
CODE : GGI.V
ISIN : CA3660441054
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Garibaldi Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Garibaldi Res. détient divers projets d'exploration au Mexique.

Ses principaux projets en exploration sont TEMORIS, IRIS, RODADERO, BADESI, ONAVAS, TONICHI, SIANORI et MORELOS au Mexique et KING, PRINCETON, BLACK GOLD et GRIZZLY au Canada.

Garibaldi Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,8 millions CA$ (5,0 millions US$, 4,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 30 décembre 2002 à 0,02 CA$, et son plus haut niveau récent le 27 octobre 2017 à 5,27 CA$.

Garibaldi Res. possède 71 192 125 actions en circulation.

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Rapports annuels de Garibaldi Resources Corp.
2007 Annual Report
Projets de Garibaldi Resources Corp.
03/11/2015Garibaldi Resources Corp. - Grizzly Central drilling update
09/10/2015Garibaldi mobilizes for drilling at Grizzly Central
13/03/2014(Grizzly)broadens mineralized corridor at Grizzly, prepares to accele...
16/02/2014GARIBALDI RESOURCES : Webinar Invite, New Company Video , & ...
10/10/2013At Centre Of Emerging B.C. Cu-Au Discovery Play
01/10/2013Garibaldi Updates Program At Grizzly Property
01/10/2013Garibaldi Updates Program At Grizzly Property
21/09/2013The Next Red-Hot Discovery Play?
30/03/2011(Morelos)DRILLING COMMENCED ON SOCORRO TARGET AT MORELOS
17/12/2009(Onavas)Commences Drilling of the Rembles Gold Prospect on Its 100% ...
Communiqués de Presse de Garibaldi Resources Corp.
28/06/2016Garibaldi Follows Up On High-Grade Showings As Work Program ...
15/06/2016Garibaldi Acquires Advanced Nickel-Copper-Gold Deposit In Go...
18/05/2016Garibaldi Increases Land Package 10-Fold To 144 Sq. Km In Ke...
26/04/2016Garibaldi Receives Positive Ultra 1 Zone Initial Metallurgic...
12/04/2016Garibaldi Exercises Option to Acquire 100% Interest in High-...
24/12/2015Garibaldi Closes $848,000 Financing, Grants Stock Options
17/09/2015Garibaldi "unmasks" 25 sq km of Grizzly Central
14/08/2015Garibaldi advances La Patilla, crews mobilize for Grizzly Pr...
09/04/2015Garibaldi to drill high-grade zone at La Patilla
05/03/2015Garibaldi drills into bonanza grades on 150-meter step-out f...
25/02/2015Garibaldi signs LOI to send La Patilla mill feed to Gainey C...
22/12/2014Garibaldi Closes $1,250,000 Financing
26/11/2014Garibaldi drill tests new high-grade area north of Silver Ea...
07/11/2014Garibaldi Arranges $1 Million Financing to Fast Track Drilli...
23/10/2014Garibaldi makes new surface discovery north of Silver Eagle
22/08/2014Garibaldi Resources Corp. - High-grade silver and increasing...
05/08/2014Garibaldi confirms discovery of shallow high-grade system at...
19/06/2014Garibaldi advances Silver Eagle target at Rodadero
14/05/2014Garibaldi drills bonanza grade silver near-surface at Silver...
01/05/2014Garibaldi Expands Northwest B.C. Presence
06/02/2014launches online marketing and awareness program via AGORACOM
02/02/2014Garibaldi Goes Big
31/01/2014Garibaldi Goes Big
13/12/2013Garibaldi Event Monday
07/11/2013recommences drilling at Locust
01/11/2013d Fact Sheet
27/09/2013(Grizzly)Attacks the Grizzly
14/03/2013drills 23.89 metres of 1.45 g/t gold at the Locust Project
03/06/2010Exploration Update on Hyperspectral Target
16/12/2009Welcomes Professional Geoscientist on to Board of Directors
14/12/2009Joins the "Agoracom 100" and Launches Online IR and Marketin...
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