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WEBINAR: Garibaldi Resources – $3.2M In Working Capital + Strong News Flow

Posted by AGORACOM-JC at 9:51 AM on Wednesday, June 4th, 2014

WHY GARIBALDI RESOURCES CORP?

  • $3.2 million in working capital as per latest financials (Oct 31)
  • Attractive share structure
  • no warrants, no major financings since 2009
  • Drilling in progress – strong news flow from Mexico and B.C.

 

Hub On AGORACOM / Corporate Profile / Corporate Website

 

 

CLIENT FEATURE: (GGI: TSX-V) Recently Reported 10.4 g/t Au over 8.5 m near-surface

Posted by AGORACOM-JC at 12:40 PM on Monday, May 5th, 2014

WHY GARIBALDI RESOURCES CORP?

  • $3.2 million in working capital as per latest financials (Oct 31)
  • Attractive share structure
  • no warrants, no major financings since 2009
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch

12 Month Stock Chart

Garibaldi broadens mineralized corridor at Grizzly, prepares to accelerate 2014 exploration plans

Posted by AGORACOM-JC at 6:05 PM on Thursday, March 13th, 2014

Garibaldi broadens mineralized corridor at Grizzly, prepares to accelerate 2014 exploration plans

TSXV: GGI, OTC: GGIFF, Frankfurt: RQM

VANCOUVER, March 13, 2014 – Garibaldi Resources Corp. (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to report that recent reconnaissance work carried out over western portions of its Grizzly Property in the Sheslay Valley, northwest British Columbia, has identified a new zone of porphyry copper mineralization 3 km south of its Grizzly West porphyry target and 3 km west-southwest of Prosper Gold Corp.’s Pyrrhotite Creek prospect in an area referred to as West Kaketsa. Garibaldi is the largest landholder among juniors in the Sheslay district and controls approximately 26,200 hectares in claims. The results of this program suggests potential to significantly broaden a NW/SE trending corridor of porphyry targets that extends for over 30 km through the Sheslay Valley from the western end of the Grizzly Property through Grizzly Central to the recently announced Grizzly East expansion claims.

Given highly encouraging results in the western and central parts of the Grizzly Property, Garibaldi is accelerating its 2014 plans at the Grizzly by launching an aggressive Phase 1 exploration program to include detailed mapping, geochemistry, IP surveys and drilling. The initial stages of this work will commence in the next few weeks and the results will determine the scale of a planned Phase 2 program. Garibaldi is in a strong working capital position and is looking forward to advancing the Grizzly Project concurrently with its assets in Mexico.

“The importance of the discoveries recently announced by Prosper Gold and Doubleview Capital Corp., located approximately 10 km apart on properties within the Sheslay corridor, is the scale of mineralization over such wide distances. Confirmation of another significant porphyry target area several km south of Grizzly West underscores the world class potential of this growing mineralized Cu-Au porphyry corridor in the Sheslay Valley,” explained Steve Regoci, Garibaldi President and CEO. “Garibaldi has captured more than 50% of this very prospective corridor with multiple targets already identified from Grizzly West to Grizzly Central through geophysical and geochemical surveys. We’re very excited about advancing the Grizzly to a first-ever drilling stage.”

West Kaketsa Mineralization Similar To Grizzly West, Pyrrhotite Creek

The extent of the newly discovered mineralized area at West Kaketsa is yet to be determined but it’s located approximately 1 km north of the historic West Kaketsa prospect (B.C. Minfile # 104J-024) and appears to be related to a fault that extends at least 3 km to Pyrrhotite Creek on the eastern flank of Mount Kaketsa. Garibaldi’s upcoming program at the Grizzly Property includes plans to further define this new zone with IP surveys and identify potential drill targets.

Petrographic analysis of mineralization from both the West Kaketsa and Grizzly West prospects has confirmed that both areas exhibit classic porphyry-style copper-gold mineralization including hydraulic brecciation, disseminated chalcopyrite and intense alteration within a hydrothermal environment. Garibaldi’s reconnaissance work identified the new mineralized zone while following up on an encouraging airborne magnetic and radiometric survey completed last fall over western portions of the Grizzly Property.

The airborne survey confirmed that West Kaketsa, like Grizzly West, is in a region of strong magnetic activity and structure, the latter indicating faults and fractures in the intrusive bodies favorable for mineralizing fluids along the contact zones of the Mount Kaketsa monzonite granodiorite stock. Historic technical reports describe porphyry mineralization at West Kaketsa as being similar to mineralization observed at Pyrrhotite Creek. Prosper Gold has reported that Pyrrhotite Creek is a large mineralized zone with multiple porphyry targets located 3 km southwest of the Star porphyries in the SW corner of its Sheslay Property adjoining the Grizzly.

Grizzly West

Last fall’s airborne survey shows that Grizzly West is on the periphery of a large magnetic anomaly, in a similar setting to targets on the adjoining Sheslay Property. A soil geochemical survey has defined several strong copper anomalies open in multiple directions at Grizzly West with the grid covering an area approximately 1.5 km x 1.5 km. Fieldwork at this target has confirmed historical reports (Corona Resources) of mineralization with reported grades ranging from 0.20% Cu to 6.7% Cu in rock chip samples.

Maps – West Kaketsa & Grizzly West

Maps showing location, sampling areas and full results from recent work completed at West Kaketsa and Grizzly West are available on the Garibaldi web site at www.GaribaldiResources.com.

To view a 2.5-minute video on the Grizzly Property and the Sheslay Valley, please visit the following URL: http://www.garibaldiresources.com/s/Media.asp#video1

Qualified Person

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 content thereof.

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.

GARIBALDI RESOURCES CORP.
1150 – 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: www.GaribaldiResources.com