Garibaldi Resources Corp Profile
Garibaldi Resources Corp. (TSX.V: GGI) 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. Garibaldi has used cutting edge technology in Mexico in recent years to cost effectively unlock project value, build financial strength and accurately pinpoint the most prospective targets for potential new discoveries over a vast area in the deposit-rich Sierra Madre. The company’s current priorities are advancing its Rodadero Silver-Gold Project and its La Patilla Gold Property.
Meanwhile, Garibaldi is aggressively advancing its 200 sq. km land package in northwest B.C.’s famous Eskay Camp including the E&L Project at Nickel Mountain, the first magmatic nickel-copper-rich massive sulphide system discovered in this prolific district.
|Great Bear Resources Website||www.garibaldiresources.com|
|Stock Symbol||TSX.V: GGI, OTC: GGIFF, FRANKFURT: RQM|
|SEDAR Profile||SEDAR - Garibaldi Resources Corp.|
|Investor Deck||Unique Eskay camp high-grade discovery|
La Patilla: As announced August 14, 2015, Garibaldi recently completed 7 additional drill holes at the La Patilla Gold Property in Sinaloa State to follow up on very promising results from initial drilling in 2014. Assays from these 7 RC holes are pending.
First-ever diamond drilling at La Patilla returned highly encouraging gold values near-surface including an interval grading 10.4 g/t Au over 8.5 meters in LP-14
Rodadero: Garibaldi's 2016 program at the high-grade Rodadero Silver-Gold Project commenced in late February. Rodadero, 100%-owned by Garibaldi, is an emerging new Sonora State mineral camp surrounded by active mines in all directions.
Tonichi: Garibaldi's Tonichi Project gives the company a dominant land position (nearly 500 sq. km of visually impressive and intense alteration) in a prolific area of Sonora State, Mexico. Garibaldi's hyperspectral remote sensing technology has been a rapid, cost-effective method of identifying the best drill targets throughout this strategic land package.
Iris: Garibaldi's Iris concession has drill-ready targets and is strategically located in the heart of a robust mining and exploration camp in Chihuahua State. Agnico Eagle's Pinos Altos mine, which produced 235,000 ounces of gold and 2.3 million ounces of silver in 2012, is just 2 km east of Iris, while Minera Frisco's Ocampo mine is less than 2 km southeast of Iris.
E&L,PSP and King project: Garibaldi Controls More Than 200 Sq. Km in Key Area of Golden Triangle.
Garibaldi recognized the significance of developments at Brucejack and KSM in the "Eskay" Camp more than seven years ago when it made the King Property its first acquisition in this world class district in northwest B.C.'s Golden Triangle.
During 2016, Garibaldi made additional critically important moves by acquiring the E&L deposit, 11 miles southwest of Eskay Creek, and expanding that land package to 63 sq. km. In addition, Garibaldi acquired the Palm Springs Project (PSP) while it also tripled the size of the King Project. In total, Garibaldi now controls more than 200 sq. km of prime exploration ground in the heart of this incredible district.
Red Lion: Extensive geophysical and surface sampling programs carried out by Garibaldi at the Red Lion, in addition to compilation and contouring of historical soil sampling results from the RL Ridge target area, have revealed a 10-km-long northwest-southeast-trending mineralized corridor at this 100%-owned Copper-Gold Project in south central British Columbia's dynamic Quesnel trough. The Red Lion "Corridor" is parallel to the Omineca mining road and power lines to Kemess that strategically pass through the property claims.
Grizzly: Initial assay results from the first five holes ever drilled by Garibaldi at its 300 sq. km, 100%-owned Grizzly Project (see Feb. 11 news release) have revealed unique Sheslay district mineral discoveries along a 1.2-km wide portion of Grizzly Central including a potential large-scale deposit in a "Kaketsa multi-element ultramafic". The fertile Kaketsa pluton towers approximately 2.5 km west of the "Ultra 1 Zone" defined by three of the holes.
Tora Tora: Garibaldi has mobilized crews for immediate drilling at its 100%-owned Tora Tora copper-gold-silver-PGE prospect 15 miles north of the Copper Mountain mine near Princeton, B.C., as announced by the company January 10, 2017.
Steve Regoci, Garibaldi President and CEO, stated: "Tora Tora is one of our promising early-stage B.C. properties and is situated within a productive mineral belt surrounded by excellent infrastructure. Initial diamond drilling should capture important new data and quickly move Tora Tora up the valuation curve. Coincident geophysical and geochemical targets will be tested with a few widely spaced drill holes in this first phase."
Black Gold: Garibaldi's Black Gold claims near Grand Forks, B.C., are potentially suitable for extraction of dimension-stone-quality black granite. The company owns, through its 100% owned subsidiary, San Pedro Stone Inc., the Black Gold granite quarry which is located 40 km north of Grand Forks. There is a quarry permit issued by the B.C. Ministry of Mines as well as a reclamation deposit in place.
Garibaldi's new management group retained this legacy asset after securing an independent assessment indicating that the size of the deposit combined with the unique and attractive appearance of the stone had potential commercial value worthy of further evaluation.
The company continues to examine ways to unlock the value of Black Gold.
GGI Research Center
- February 21,2019 - Garibaldi Drills 7.7% Nickel Over 4.8 Meters Within 49-Meter Intercept in New Shallow Zone at Nickel Mountain
- January 28,2019 - Garibaldi will Miss a True Leader
- December 06,2018 - Garibaldi Broadens Nickel Mountain System
- October 31 - Garibaldi Drills into Nickel-Copper Rich Massive Sulphides Northwest and Southeast of Discovery Zone
- October 25 - Garibaldi Expands on Nickel Mountain Central Zone Data
- October 18 - Garibaldi Drills Into New Zone At Nickel Mountain
- September 24 - Nickel Mountain Massive Sulphides Mount Up
- September 14 - Garibaldi Accelerates Buyout of Strategic Claims at Nickel Mountain