TSXV: GGI
OTC: GGIFFÂ
Frankfurt: RQM
VANCOUVER, June 5, 2015 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce the acquisition of the Golden Bear claims comprising 14 sq. km adjacent to the southern border of the Company’s B.C. flagship Grizzly Project in the Sheslay district.
These claims feature significant historic copper-gold showings including a massive sulphide bearing vein discovered by Chevron Minerals and North American Metals during construction of the Golden Bear mine road in 1988 (the road extends across the claims).
Garibaldi President and CEO Steve Regoci commented: “We’ve made this acquisition based on our growing understanding of the scale of the Grizzly system, not only west to east but north to south. What’s intriguing about the Golden Bear claims is the historic high-grade Wolverine gold showing, the extensive gold and copper-in-soil anomalies, and the fact that this promising area has never been drill-tested. These claims are very complementary to our ongoing exploration program at the Grizzly and they’ve been acquired at an opportunistic time in the market cycle.”
Under the terms of the arms-length agreement (dated May 11, 2015) for the Golden Bear claims, which expands the Grizzly to 286 sq. km, Garibaldi will issue 150,000 shares in exchange for a 100% interest subject only to a 2% NSR in favor of the vendor, half of which Garibaldi can buy back for $1 million CDN.
About Garibaldi
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:Â “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 Web Site: GaribaldiResources.comCopyright CNW Group 2015
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, April 9, 2015 /CNW/ – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that a diamond drill rig has been mobilized to begin a follow-up program at a high-grade gold zone discovered last year at the La Patilla Property in Sinaloa, Mexico.
The final hole of 2014 drilling at the main zone at La Patilla, LP-14, intersected 10.4 g/t Au over 8.5 meters within a broader 30-meter interval grading 3.1 g/t Au at a depth between 11 and 41 meters.
Immediate objectives of this program are as follows:
Meanwhile, Garibaldi crews continue to stockpile mineralized material at La Patilla for an initial mill feed test at Gainey Capital’s processing facility approximately 40 miles to the southeast.
Steve Regoci, Garibaldi President and CEO, commented: “From Rodadero to La Patilla we continue moving forward on all fronts in Mexico. The La Patilla gold project has a very opportunistic profile with shallow drill targets and potential for near-term exploitation, so we look forward to building shareholder value as we advance these initiatives. In addition, invaluable exploration protocols gained in Mexico will complement the 2015 launch, now underway, of our fully-funded B.C. projects led by the Grizzly in the prolific Sheslay district.”
Corporate Fact Sheet
To view the updated corporate Fact Sheet for Garibaldi Resources, please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI_Factsheet.pdf
Qualified Person
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 Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the contents thereof.
About Garibaldi
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.
GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851, Web Site: GaribaldiResources.comCopyright CNW Group 2015
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Feb. 25, 2015 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce that it has signed a Letter of Intent (“LOI”) with Gainey Capital Corp. (TSX.V: GNC) to initiate an immediate program to deliver mineralized material from the Company’s La Patilla Gold Property in Sinaloa State, Mexico, to Gainey’s 300 tpd processing facility just 40 miles to the southeast.
This LOI marks another important step for Garibaldi at La Patilla where the Company’s strategic plan since acquiring this asset in 2013 has been to move to the exploitation stage as quickly as possible to generate cash flow.
Artisanal miners have been active at La Patilla for decades, the Company has negotiated a long-term agreement with the local community to allow for exploitation at this property, and a highly successful drill program in early 2014 confirmed the presence of near-surface mineralization including 8.5 g/t Au over 10.4 meters within a broader interval of 3.1 g/t Au over 30 meters in diamond drill hole LP-14. La Patilla is considered very prospective for high-grade “shoots”.
Garibaldi and Gainey will use this LOI as a framework for a potential long-term revenue sharing agreement between the two companies. In addition, the processing of mineralized material from La Patilla will provide Garibaldi with important additional metallurgical and grade information to further assess the exploitative potential of this asset. Preliminary La Patilla metallurgical testing by Garibaldi has produced encouraging results.
“Our team in Mexico was very impressed with Gainey’s state-of-the-art gravimetric/flotation processing center,” commented Steve Regoci, Garibaldi President and CEO. “This should be an excellent fit for advancing La Patilla which importantly is located just a short distance away.”
Investors are cautioned that the planned processing of mineralized material from La Patilla is not based on a National Instrument 43-101 mineral resource or reserve estimate, preliminary economic assessment, prefeasibility study or feasibility study. As a result, there is no assurance that Garibaldi will be able to economically extract mineralization from La Patilla.
Rodadero Update
Garibaldi eagerly anticipates updating shareholders with regard to the latest exploration developments including assay results from ongoing work at Rodadero, its Mexican flagship project, during the week of March 2, 2015.
Recent corporate developments, including a Rodadero site visit by a second leading producer, and the recently announced bid for Paramount Gold and Silver Corp. by Coeur Mining Inc., have required management to weigh competing strategies to ensure maximum value for shareholders.
Garibaldi values and appreciates its shareholders’ loyalty and patience as the Company continues to work toward a breakthrough year in both Mexico and British Columbia.
Garibaldi at PDAC
Garibaldi invites shareholders and interested investors to visit the Company’s booth (#3153) and meet with management at PDAC, Sunday, March 1 through Wednesday, March 4, at the Toronto Convention Centre. Drill core from Rodadero will be on display.
Qualified Person
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 a direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.
About Garibaldi
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.
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, Web Site: GaribaldiResources.comCopyright CNW Group 2015
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce that three technical breakthroughs have occurred at the Hay Mountain Project over the last three months. These are:
1. Additional targets
2. The potential for leachable oxide copper bodies
3. The ability to separate diamond core drill cuttings using a centrifuge so that cuttings can be separated into samples corresponding to drill core intervals or fractions of those intervals at any depth desired as the drill turns without waiting for the core to be removed from the hole. Then x-ray fluoresce analyzers will be used to analyze these samples for an approximate assay in the field as the drill turns.
Liberty Star’s CEO/Chief Geologist elaborates point by point:
1. “Working with geologist Dr. S. Skirvin using geologic information systems (GIS) mapping tools, we clarified the geophysical relationships so that the geophysical data (ZTEM- electromagnetics and magnetics) for the Hay Mountain Project area could be related to culture on topographic maps, and recently produced high resolution space imagery, leading to the detection of significant number of additional targets
2. “We have also evaluated the surrounding copper and precious metal mines including Arizona’s Tombstone, Bisbee (historic and future Cochise ore body), Johnson Camp, I-10 Porphyry Gunnison- Excelsior, Safford, Morenci, Rosemont, Florence, Twin Buttes: New Mexico’s Tyrone mine, Mexico’s La Caridad, and Cananea, and many others, which all have oxide copper recovery units (Solvent Extraction-Electrowinning plants (SX-EW plants)). Most porphyry copper deposits in the southwest USA, Mexico, Latin America and other geologically similar areas have a green and black copper oxide cap or periphery as a result of their oxidizing history details dependent on rock type and other factors. Hay Mountain is easily compared to Bisbee, Nord Resources Corporation’s Johnson Camp and the Gunnison Copper Project (Excelsior Mining Corp), nearby where the same package of layered altered and mineralized rocks exists, as does a profound magnetic anomaly (Gunnison and Hay Mountain and others). Gunnison has disseminated oxides that can be treated by in situ (Latin: in place) leaching. Excelsior has done extensive testing and design of a proposed in situ leach operation that suggests an internal rate of return of about 45% and a payback in 2.5 years using a projected $2.75 copper price. (Pg. 246 Gunnison Copper Project: NI 43-101 Technical Report Prefeasibility Study). We have encountered more shallow outcrops containing green and what appears to be black copper oxide at Hay Mountain. Also, the horizontal tops of the recorded magnetic signals suggest the top of an oxide zone that compels us to consider that a large, near surface body of oxide copper may be located above the large sulfide targets which are more easily detected by ZTEM (electromagnetic, and magnetic) geophysics. The same host rock sediments are present at Johnson Camp, Gunnison, Bisbee and Hay Mountain. These rocks can be selectively mined using a Vermeer Terrain Leveler, resulting in lower cost mining and ore grade selection than standard methods of open pit mining. I have already had tests run at the Vermeer laboratories on ore material of each of the various sedimentary copper bearing units at Johnson Camp to see if the Vermeer can cut these altered and mineralized sediments. The results demonstrate that the Vermeer machinery can readily cut these units. Contacts between low and high grade can be followed to within 6 inches horizontal and a couple of inches vertically. Fragmentation achieved by the Vermeer concentrates on the ore bearing interstices of the host rock, thus maximizing the proportion of exposed surface area of the fragmented material that is ore bearing. This feature yields materials that may be much more available for solvent dissolution than conventionally crushed ore. The cut can be adjusted to get the optimum fragment size for heap leaching: all of this without using drilling or blasting. Thus, if we intersect significant amounts of leachable oxide copper mineralization at a shallow depth, which, as stated above, all surrounding porphyry copper mines have, we will immediately go into an evaluation mode. Nothing is definite until drills define such an oxide mineral body, but these types of deposits could go into production at a low cost, and quickly: in the range of 4 years (See pg. 249 Excelsior’s 43-101). The mining method at Hay Mountain could be open pit, heap leach or in situ like that planned at the Gunnison Copper Project.
3. “We will be using some advanced equipment in the drilling program which will make Phase 1 drilling proceed faster, more controlled, accomplished more accurately, and data gathered very quickly. This will be a Solids Removal Unit (SRU), developed by an Australian company and sold in the USA (see http://www.amcmud.com/en/products-range/equipment-rental/product-data-sheets.html).
i. This device uses a centrifuge to remove drill cuttings from the mud circulation that cools the diamond bit and carries cuttings to the surface.
ii. The SRU removes +99% of drill cuttings from the mud and then circulates the cleaned mud back down the hole.
iii. The cuttings are ejected from the SRU where they can be bagged and disposed of.
iv. This give us the opportunity to sample the drill cuttings at any interval we choose – say 2.5, 5, 7.5 or 10 feet – or all of those intervals through the length of the drill hole or whatever intervals are desired to determine what the diamond drill is cutting even before the core is extracted, by “assaying†using a modern XRF (X-Ray fluorescence) unit:www.niton.com either a hand held “gun†or a more powerful bench or pick-up tail gate style unit. While an XRF is not a true “assay†used for exact grade determination for ore calculations it is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This information can be transmitted by computer to the Internet so all senior management personnel can review the data if it is critical. Standard drill core assays by a certified lab will still be undertaken following standard procedures which can only be done that involve a carefully monitored and controlled half sample split of the drill core, prepared in a very clean sample prep lab, and sent under chain of custody control to a certified lab, which we will also do. However XRF is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This droll mud sampling methodology (but without the use of the SRU) was reported by D.K.F. McLachlan, in Mckinstry,H.E. – Mining Geology 1948 in the days when diamond drilling was young and the diamond drill core bit tended to grind up core that was soft, where the mineralized intervals were encountered. It is still a valid technique when combined with the SRU.
“The SRU also meets the requirements of the Arizona State Land Department permits that require collection of drill cuttings and disposal in permitted land fill.
All of this new data and our innovative techniques, as well many other details will be used in the presentation in Manila, Philippines March 2-3, 2015 by Director Brett Gross and myself during a full day presentation to potential investors and mining professionals.â€
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward Looking Statements
Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include all our planned drilling program, planned methodology and our planned use of equipment, partners or funding sources, including without limitation our plan to commence Phase 1 drilling at Hay Mountain and define an economic body of mineralization there; that geological conditions may allow for an in situ leaching operation, or open pit heap leaching; that discovery of such a leachable ore body, similar those enumerated above, could result in a 4 year time line to production. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR
WHY GARIBALDI RESOURCES CORP?
LEADERSHIP. MOVING FORWARD. BUILDING VALUE.
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:
La Patilla Project
Rodadero North Project
NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP
Red Lion
Mount Sister Mary (MSM)
12 Month Stock Chart
VANCOUVER, Dec. 22, 2014Â – In preparation for a dynamic exploration season in British Columbia in 2015, Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce that it has closed a non-brokered private placement of 5,953,310 flow-through units at $0.21 cents per unit (see details below) for gross total proceeds of $1,250,000 CDN. This strategic financing will be used to further advance the Company’s B.C. properties including the Canadian flagship Grizzly Project in the Sheslay district.
“Exceptional results from Garibaldi’s Rodadero discovery in Sonora State and our La Patilla Gold Project in Sinaloa State already ensures that our shareholders have a great deal of exciting news to look forward to, near-term and throughout 2015, from ongoing exploration in Mexico which is accelerating,” stated President and CEO Steve Regoci. “Additionally, Garibaldi management believes strongly in the significant leveraged opportunity offered shareholders by the Company’s portfolio of B.C. properties led by the Grizzly. We have the means to unlock the value in these excellent prospects during 2015 which will build on our success in Mexico.”
Garibaldi B.C. Projects Overview
Grizzly Project
A comprehensive NI-43-101 Technical Report on the Grizzly Cu-Au Porphyry Project is currently being completed by C.J. Greig & Associates Ltd. following successful 2014 programs that have further refined preliminary drill targets along with identifying new ones over a northwest-trending mineralized corridor that stretches for 30 km. The Company has been granted a multi-year permit for drilling at the Grizzly from the B.C. Ministry of Mines.
Garibaldi has expanded the Grizzly to 272 sq. km through staking to extend the western border of the Grizzly West porphyry by 1 km. Significant drilling discoveries 10 km apart at the Star and Hat porphyries contiguous to Grizzly are strong evidence as to the scale of mineralization in this district. A new drill program recently commenced at the Hat Property as reported by Doubleview Capital Corp. Dec. 12, 2014.
King
Exploration targets at the 1700 hectare King Property, approximately 10 km north-northeast of the past producing high-grade Snip Mine in the Eskay Creek region, range from high-grade gold to high-grade silver-lead-zinc. Recent power and infrastructure projects have significantly improved access to the claim area. Four mineralized zones are considered highly prospective for potential new discoveries on this under-explored property.
Red Lion
The Red Lion Property, 60 km south of AuRico Gold’s Kemess mine in north central B.C., is contiguous to the northern border of Kiska Metals’ Kliyul Cu-Au Porphyry Project under option to Teck Resources Ltd. Kliyul has yielded promising results from drilling including 76 m of 1.16 g/t Au and 0.33% Cu, and 218 m of 0.52 g/t Au and 0.23% Cu.
Garibaldi’s initial land position at Red Lion, characterized by extremely strong Cu-Au stream sediment geochemistry in both RGS and follow-up proprietary surveys, was increased recently to a total of 45 sq. km with additional staking covering a broad, high-tenor Cu-Au soil geochemical anomaly.
Access and infrastructure at Red Lion are excellent with the power line to the Kemess South mine only 3 km away.
MSM
The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. At least eight Cu-Ag-Au showings have been documented on the property. During this year, Garibaldi compiled all previous exploration data, interpreted satellite imagery lineaments, conducted an airborne magnetic survey and collected stream sediment geochemical samples in preparation for more detailed ground work that will help identify potential drill targets.
Tora Tora
Garibaldi’s Tora Tora Property near Princeton, 25 km north of the producing Copper Mountain mine, is largely overburden covered but features a prominent circular shaped magnetic anomaly which management believes may be the expression of a buried intrusive body. The company is following up on last year’s aeromagnetic survey of this distinct target located 2 km west of Sego Resources’ 2012 discovery hole (DDH-12-21, 100.4 m of 0.95% Cu, 0.55g/t Au and 3.5 g/t Ag).
Black Gold
Garibaldi’s Black Gold claims near Grand Forks, British Columbia, are potentially suitable for extraction of dimension stone quality “black granite”. The Company continues to examine ways to unlock the value of this legacy asset.
Private Placement Details
The flow-through private placement consists of units of the Company’s securities at a price of $0.21 per unit. Each unit contains one flow-through share in the capital of the Company and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to acquire one additional common share of the Company at a price of $0.30 for a period of 18 months. Secutor Capital Management Corporation acted as exclusive finder in connection with this non-brokered private placement and was paid a cash commission of $87,500 CDN. The units from this private placement are subject to a hold period and may not be traded until April 23, 2015. The proceeds from the private placement will be used for exploration of the Company’s B.C. properties.
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 news release and approved the content thereof.
About Garibaldi
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.
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, Web site: GaribaldiResources.comCopyright CNW Group 2014
VANCOUVER, Nov. 26, 2014 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that high-grade silver mineralization has been confirmed through assays from channel sampling 150 meters north of Silver Eagle discovery hole SE-14-01 at the Rodadero North Project in central Sonora State, Mexico. This area will be drill-tested beginning later this week in an attempt to expand the Silver Eagle system in a northerly direction.
All drill holes completed to date at Silver Eagle, with the exception of SE-14-05, have been to the south of SE-14-01 where mineralization remains open and has been traced for an additional 3 km south beyond the Reales target in sampling of surface outcrops and small underground workings. The Company eagerly anticipates receiving the next batch of assay results (drill holes SE-14-07 through SE-14-12) during the first half of December.
Silver Eagle is the westernmost of 11 target areas defined over more than 45 sq. km at Rodadero North where mineralization transitions from primarily high-grade silver at Silver Eagle, discovered through sampling and shallow drilling, to high-grade gold, silver and base metals trending eastward. A drill plan map for the Tarichi target, 2.5 km southeast of Silver Eagle, is now available at GaribaldiResources.com.
Channel Samples Return Up To 881 g/t Ag
Two immediate drill holes will test for continuity of mineralization to depths of less than 100 meters at the new surface discovery north of SE-14-01. All five channel samples from a shallow pit returned significant silver grades – 881 g/t (28.3 oz/tonne), 771 g/t, 763 g/t, 452 g/t and 87 g/t. Widths ranged from 1.4 to 1.9 meters. The average grade was 604 g/t Ag over an average width of 1.6 meters.
Steve Regoci, President and CEO of Garibaldi, commented: “Given results generated to date by drilling, sampling and our hyperspectral technology, and the fact that this project is situated in the heart of a prolific mining region, we’re extremely excited with what we see at Rodadero as the emergence of a new mineral camp in central Sonora State.”
By the nature of the biases of sampling, the above results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.
Mineralization at Silver Eagle is hosted in silicified conglomerate and overlying andesitic volcanic rocks along a north-northwest trending structural zone. Mineralization also appears to be associated with the stratigraphy of the conglomerate.
Rodadero North Video
To view a 2-minute Garibaldi video on the Rodadero discovery, please visit the homepage of GaribaldiResources.com or the following URL:
http://www.garibaldiresources.com/s/Media.asp#Rodadero
Quality Assurance & Control
Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) has performed assay analyses on Rodadero North drill core and some of the rock samples, while ALS Global (formerly ALS Chemex) has also performed some analyses on rock samples. All samples reported in this release were assayed using certified and industry standard assay techniques for gold, and multi-element packages for other elements and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP.
Qualified Person
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 Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.
About Garibaldi
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.
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, Web site: GaribaldiResources.com
TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce progress on various matters:
“Liberty Star is moving forward to capitalize on the hard work it has expended over a number of years. We have a very positive outlook about our future as a result of these recent and ongoing developments.â€
1. The Company has filed Articles of Organization with the Arizona Corporation Commission forming a wholly owned subsidiary named Hay Mountain Super Project LLC (“HMSP LLC†or the “Subsidiaryâ€). The new Subsidiary is to manage Liberty Star’s premiere multi-target exploration property, the Hay Mountain Project, in southeast Arizona’s historic Tombstone mining district (Cochise County) for porphyry copper, gold, moly, silver, REEs and other associated metals. HMSP LLC will serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest covering some 42 square miles as identified by the extensive geological, geochemical and geophysical work, including ZTEM, performed to date. This is the first step toward establishing a corporate structure that will maximize operational and tax efficiencies, and enable the transfer of profits to Liberty Star Uranium & Metals Corp. where tax loss carry forwards can be used against positive cash flow, if any, from previous exploration expenses, while at the same time preserve the flexibility to engage joint enterprise investors in the independent development of multiple Hay Mountain targets as drilling verifies their candidacy as potential economically viable mining operations. Funding and management of the Hay Mountain Project and other Liberty Star surface studied and/or claimed lands totaling 42 square miles in the area will be administered through the Subsidiary.
Comments Jim Briscoe, Liberty Star’s CEO and Chief Geologist: “This progress toward assembling the corporate machinery forming the basis for attracting and engaging qualified joint enterprise investors to participate in developing the potentially extraordinary mineral content of the Hay Mountain properties, as documented in prior Liberty Star press releases, is a milestone event in Liberty Star’s growth. I am pleased and excited with our establishing this threshold into the next phase of revealing Hay Mountain’s potential as a world class mining district.”
2. Liberty Star announces that the Company’s CEO/Chief Geologist Jim Briscoe and Director (mining engineer-attorney) Brett Gross will host a three day visit including a two day site visit to the Hay Mountain Project area for a potential funder from the Arabian Peninsula who has signed a non-disclosure agreement. This trip is tentatively planned before Thanksgiving, dependent only on US entry visa and travel arrangements. Accompanying the two parties will be an independent geologist/porphyry copper expert hired by the guest as well as an arms- length Registered Professional Geologist (RPG) who is experienced in a particular (classic) porphyry copper skarn deposit in the SW USA, participated in intensive postgraduate study of porphyry copper skarn deposits and has used vegetation geochemistry like that used by Liberty Star at Hay Mountain (and supervised by our Technical Board Member – and Geochemist, Shea Clark Smith) and is familiar with distal halos of the Hay Mountain type skarn mineralization. In addition to the Hay Mountain Project area, the visit will include ASARCO’s Mission Mine and the Bisbee mining district, both of which are corollaries to Hay Mountain (exposed rather than covered). The tour will also include two other similar porphyry copper drilling projects and one small porphyry copper production facility with exploration potential. During the trip in this mineral rich area there will also be viewings of dormant porphyry copper, gold and silver mines, including Tombstone itself. These sites, all within a 60 mile radius of the Hay Mountain Project, will demonstrate and solidify the similarity of other large porphyry copper operations to the as yet undrilled Hay Mountain which lies hidden beneath shallow cover. The trip will take two days and a 3rd day is reserved for a second review of the technical details of the Hay Mountain data, and discussion of Joint Venture parameters.
3. The final Archaeological Assessment document has been finished by the Company’s contractor Antigua Archaeology LLC, and was submitted to the Arizona State Land Department (ASLD) for their final approval on November 5, 2014. No significant archaeological material was found and the report recommends approval of our proposal as written. According to the ASLD, response time is dependent on the length of the queue but should take place in 30 to 90 days. This is the final step in the long approval process. When ASLD final approval is received, Liberty Star is ready to drill as soon as funding is in place.
4. The Company is getting more expressions of interest every day and expects to make additional presentation trips as described in number 2 until Phase 1 financing is attained. Currently there are three seemingly qualified entities that have expressed strong interest.
5. For more than a year, lengthy negotiations have been ongoing with Genesis Group International Inc. to option the North Pipes Super Project (uranium) which lies just south of the Utah border. Genesis has developed a unique, proprietary type of equipment and process to mining breccia pipe type vertical mineral ore bodies. The Company has executed a letter agreement subject to formal legal drafting. This will involve an exchange of Liberty Star’s real property and intellectual property pertaining to the North Pipes/ Arizona Strip properties. In exchange Liberty Star will receive a significant monthly payment toward retirement of its expenditures on the North Pipes Project. It will also receive a gross royalty (NSR – Net Smelter [mill return] Royalty type, which is common in the mineral industry) on production that would result from all metal commodities coming from any mining of the pipes. It is expected that this could commence in about six months from now, at which time full financial and state support will become available. Profitable operation of the breccia pipes even at current low uranium prices is anticipated from this rapid and unique mining equipment and approach.
Concludes Briscoe: “Liberty Star is moving forward to capitalize on the hard work it has expended over a number of years. We have a very positive outlook about our future as a result of these recent and ongoing developments.â€
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward Looking Statements
Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include that the Hay Mountain Project is ready for drilling once we can obtain ASLD approval and financing for phase 1 drilling; that our project is prospective for many minerals; that we will be able to attract a partner/investor for the North Pipes uranium program; that our project will be profitable; and that we can come to a final agreement with Genesis. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals or our Archeological Assessment to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue development due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposals are accepted, we may not be able to carry out project development as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s last 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Agoracom Investor Relations
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http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
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