Garibaldi (TSX.V: GGI) To Drill High-grade Zone At La Patilla
Vancouver,
British Columbia - April 10, 2015 (Investorideas.com Mining stocks newswire)
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:
·
To offset
drill intercepts in the area of LP-14 and test for continuity of the high-grade
structure along strike;
·
To test
for depth extensions to the mineralized structures identified in the previous
program;
·
To test
the potential of the La Patilla vein system along strike.
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
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