TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Jan. 16, 2014 /PRNewswire/ - Garibaldi Resources
Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to
provide an update on the first-ever diamond drilling program at its
La Patilla Gold Property in Sinaloa State, Mexico, with the fifth hole of the shallow
program currently in progress. Drilling started shortly
before the Christmas break and resumed early this month.
Each of the holes has cut significant intervals
of quartz veining similar to that which yielded gold values of as
much as 28.4 g/t over 1.3 m and 7.5 g/t over 6.4 m in channel
sampling recently carried out by Garibaldi. Core samples have
been sent to the laboratory and results are pending.
Drilling is focusing on the Murcielago and La
Patilla low sulfidation epithermal structures, and the program has
been designed to test the continuity of mineralization at shallow
depths and along strike. Highly encouraging surface
mineralization has previously been outlined over a combined strike
length of 225 meters and remains open in all directions as reported
December 11, 2013.
Property maps showing location, geology, surface
and underground sampling areas with full results, and proposed
drill holes are available on the Garibaldi web site
(www.GaribaldiResources.com).
In addition, Garibaldi looks forward to
providing shareholders with a comprehensive update on its Tonichi
Project in Sonora State shortly. Several early-stage and more
advanced opportunities are being investigated at Tonichi, including the Locust Au-Cu target and
a graphite zone discovered on a concession east of Locust. A
pilot coal program on certain concessions at Tonichi continues to generate royalty income
for the Company.
Corporate Video
Garibaldi is pleased to announce the release of a second short
corporate video. You can view both current videos by going to
the Garibaldi homepage (www.GaribaldiResources.com) or by visiting
the following URL:
http://www.garibaldiresources.com/s/Media.asp#video
Qualified Person
Dr. Craig Gibson,
Certified Professional Geologist and Director, is the 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 reviewed and approved the contents of this news release.
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 of
Mexico and British Columbia.
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.
SOURCE Garibaldi Resources Corp.