VANCOUVER, Jan. 16, 2014 /CNW/ - Garibaldi Resources Corp. (TSX.V: GGI)
(the "Company" or "Garibaldi") is pleased to provide an update on the
first-ever diamond drilling program at its La Patilla Gold Property in
Sinaloa State, Mexico, with the fifth hole of the shallow program
currently in progress. Drilling started shortly before the Christmas
break and resumed early this month.
Each of the holes has cut significant intervals of quartz veining
similar to that which yielded gold values of as much as 28.4 g/t over
1.3 m and 7.5 g/t over 6.4 m in channel sampling recently carried out
by Garibaldi. Core samples have been sent to the laboratory and
results are pending.
Drilling is focusing on the Murcielago and La Patilla low sulfidation
epithermal structures, and the program has been designed to test the
continuity of mineralization at shallow depths and along strike.
Highly encouraging surface mineralization has previously been outlined
over a combined strike length of 225 meters and remains open in all
directions as reported December 11, 2013.
Property maps showing location, geology, surface and underground
sampling areas with full results, and proposed drill holes are
available on the Garibaldi web site (www.GaribaldiResources.com).
In addition, Garibaldi looks forward to providing shareholders with a
comprehensive update on its Tonichi Project in Sonora State shortly.
Several early-stage and more advanced opportunities are being
investigated at Tonichi, including the Locust Au-Cu target and a
graphite zone discovered on a concession east of Locust. A pilot coal
program on certain concessions at Tonichi continues to generate royalty
income for the Company.
Garibaldi is pleased to announce the release of a second short corporate
video. You can view both current videos by going to the Garibaldi
homepage (www.GaribaldiResources.com) or by visiting the following URL:
Dr. Craig Gibson, Certified Professional Geologist and Director, is the
non-arms length Qualified Person for the company's Mexico Projects and
the direct manager of the technical programs operated under contract by
Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has
reviewed and approved the contents of this news release.
Garibaldi Resources Corp. is an active Canadian-based junior exploration
company focused on creating shareholder value through discoveries and
strategic development of its assets in some of the most prolific mining
regions of Mexico and British Columbia.
We seek safe harbour.
GARIBALDI RESOURCES CORP.
per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or the accuracy of this
SOURCE: Garibaldi Resources Corp.
For further information:
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: www.GaribaldiResources.com