VANCOUVER, March 8, 2016 /CNW/ - Garibaldi Resources Corp. is pleased to announce that field crews have mobilized to commence first-ever diamond drilling at the Rambo high-grade gold target, part of the company's 100%-owned Rodadero Gold-Silver Project. Drilling will test this very prospective area for a gold system approximately 6 km east of the company's Silver Eagle deposit, underscoring the large-scale nature of this emerging mineral camp in central Sonora State.
Exploration work has shown a zonation in metal distribution at Rodadero with high silver and base metal values near-surface in the west, trending north-south for nearly 3 km from Silver Eagle through Reales, to silver-gold in the central part of Rodadero and more gold-rich mineralization further east in the Rambo area.
Contiguous to the Rambo southern border is a small-scale gold-silver mine currently in production, exploiting two main veins. Drilling at Rambo is designed to intersect gold mineralization and a potential new discovery at Rodadero at depths of less than 100 meters in a strongly altered volcanic rock package.
Mineralization at Rodadero, which features 12 targets over nearly 50 sq. km, is interpreted as being related to a large zoned mineralized system that is exposed at various levels from west to east. Rodadero is strategically located in a prolific part of central Sonora in close proximity to several gold and silver mines operated by intermediate and major producers.
Rodadero Maps, Photos & Video
For Rodadero maps, photos and a short video on the project, please visit the Garibaldi web site at www.GaribaldiResources.com or the following URL:
Corporate Fact Sheet
To view the updated corporate Fact Sheet for Garibaldi Resources, please visit the following URL:
Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a 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 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 in Mexico and British Columbia.
We seek safe harbor.
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 release.
SOURCE Garibaldi Resources Corp.
For further information: GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851 Web Site: GaribaldiResources.com