VANCOUVER, Feb. 2, 2012 /CNW/ - Garibaldi Resources Corp. (TSXV: GGI) (the "Company") is pleased to announce that it has received final title documents for the Obispo concession from the Mexican Ministry of Mines. The Company's wholly-owned subsidiary Minera Pender S.A. de C.V. was awarded a 100% interest in 4620 hectares (46 square kilometres) of strategic mineral claims at the government lottery held on September 29, 2011. The Obispo concession is contiguous to Garibaldi's existing holdings and adds to the company's dominant land position at its district scale Tonichi Property (see attached map) 160 kilometres southeast of Hermosillo, Sonora State, Mexico.
Garibaldi's Tonichi concessions now cover 51,412 hectares and host a multitude of mineral prospects within broad zones of intense alteration over many square kilometres. These target areas are being explored for potential drill targets in addition to the Locust gold in soil anomaly which is presently being test drilled with the Company-owned NQ/BQ diamond drill at Tonichi north (see news release dated November 29, 2011). Mineralization in the area is prospective for large bulk tonnage gold and copper deposits.
About Garibaldi Resources
Garibaldi Resources Corp. is a Canadian junior mining company utilizing the most sophisticated remote sensing technology in the world to explore for new gold silver and base metal deposits in the central and northern parts of Mexico's prolific Sierra Madre. The Company controls seven district scale projects covering more than 2,500 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico including El Sauzal, Mulatos and Ocampo.
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 release.
Image with caption: "Garobaldi's Obispo Claim. (CNW Group/Garibaldi Resources Corporation)". Image available at: http://photos.newswire.ca/images/download/20120202_C8683_PHOTO_EN_9531.jpg
For further information:
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: www.garibaldiresources.com