GARIBALDI EXPLORATION DEVELOPMENTS
2010年12月16日 - 11:00PM
PR Newswire (Canada)
VANCOUVER, Dec. 16 /CNW/ -- TSXV: GGI Frankfurt: RQM VANCOUVER,
Dec. 16 /CNW/ - Garibaldi Resources Corp. (TSX.V: GGI) (the
"Company") is pleased to report on exploration progress at its
Mexico concessions at Morelos (28,000 hectares) in Chihuahua State
and Tonichi (47,000 hectares) in Sonora State. Garibaldi controls 7
district scale projects covering more than 2,200 sq. km. of
Mexico's Sierra Madres mineral belt. The Company is focused on a
methodical low cost exploration strategy to systematically evaluate
targets generated by utilizing the most sophisticated remote
sensing technologies available. At Morelos, a target focused
exploration program was carried out on five prospective areas based
on recommendations from the Company's advisory board (Alain Charest
and Dr. Peter Megaw) as reported in the Company's March 2, 2010
news release. The Socorro quartz vein system in south east Morelos
contains significant gold values and is known to extend for more
than 2 km along strike. The Company has applied for permitting to
test drill up to 1000 meters in 4-6 holes at Socorro and is
mobilizing the Company's NQ diamond drill to Morelos. Gold
mineralization at the Socorro prospect is mainly associated with
mesothermal-type quartz veins that are hosted in W-NW trending
faults and fractures. Rock chip samples have assayed up to
8.5 g/t Au over 1.4 m; 6.2 g/t Au over 2 m and 3.4 g/t Au over 3 m
across the Socorro structure which varies in width from .5 m to 10
m and is open at both ends. Other target areas to be followed up
with additional mapping and sampling at Morelos are the Puerto
Colorado-San Miguel structure which extends for more than 3 km
along strike, the Guicipa and Flamenca prospects east and west of
Socorro and the SW Morelos prospect a 5km by 5km zone of intense
argillic and iron-oxide alteration. Now that the rainy season has
ended, exploration at the Tonichi concession is focused on
advancing the Locust "gold in soil anomaly" to drilling stage and
evaluating an area of alteration referred to as Target 10. The
extensive alteration zone identified at the Locust target has been
trenched in several areas and produced inconclusive results at this
early stage. Independent consultants with extensive porphyry
experience in Sonora will supervise Garibaldi personnel as they
perform soil profile studies and additional trenching to the north
and east of Locust. This will coincide with a detailed mapping
program over an extended area around Locust as large as 3 km by 3
km ahead of any decision on drilling. As reported in Garibaldi's
August 20, 2009 news release. The Company granted permission to the
Comision Federal Electricidad (CFE) an agency of the Federal
Government of Mexico, at no cost to Garibaldi, to carry out a
limited exploratory drilling program on the Company's Tonichi
Concession in Sonora State designed to evaluate and test the
potential for coal in an area located approximately 8 km north of
Locust. The program is part of a regional survey to define the
potential for coal resources sufficient to supply coal fired
electric generation plants in Sonora State. Garibaldi owns the coal
rights at Tonichi which has a history of extraction by locals on a
small scale. Three holes were drilled by CFE on Garibaldi's
property in 2009 up to1km apart and CFE delivered a report to
Garibaldi indicating that all three holes intersected multiple coal
seams. Further to the most recent report, CFE has informed
Garibaldi that it has drilled an additional four holes on
Garibaldi's property totaling seven. Results to date are
insufficient to draw any conclusions and investors are cautioned
that the Company is not aware of any economic coal deposits
compliant with NI 43-101 standard on its properties. Garibaldi will
have access to all geological data generated by this unsolicited
program and will inform shareholders of any significant
developments. The Company has retained Norwest Corporation of Salt
Lake City, Utah, as consultants. Carl von Einsiedel, P.Geo., is the
Qualified Person who has reviewed the technical information
contained in this release on behalf of Garibaldi. About Garibaldi
Resources Garibaldi Resources Corp. is a Canadian junior mining
company focused on the exploration for gold, silver and base metal
deposits along the central and northern parts of the highly
prolific Sierra Madre mining belt located in northwestern
Mexico. The Company controls seven district scale properties
covering more than 2,000 square kilometres of prospective
stratigraphy surrounding and along strike from some of the most
robust gold and silver mining projects ever discovered in Mexico
including El Sauzal, Mulatos and Ocampo. As part of the Company's
"Rapid Assessment Protocol", the Company is committed to utilizing
the world's most sophisticated remote sensing technologies to
effectively target major alteration systems commonly associated
with significant gold, silver and base metal discoveries. 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/16/c5746.html
pTelephone: (604)
488-8851 /p
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cr="true"www.garibaldiresources.com/a/p
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