Garibaldi drill results extends mineralization at Locust Target, Tonichi Project, Sonora, Mexico
2012年8月14日 - 8:15PM
PR Newswire (Canada)
TSX-V: GGI Frankfurt: RQM VANCOUVER, Aug. 16, 2012 /CNW/ -
Garibaldi Resources Corp. (the "Company") reports that it continues
to intercept significant widths of mineralization (see news release
of April 24, 2012) at the ongoing Locust drill program, located at
the Company's 100% owned Tonichi project in Sonora State, Mexico.
To date, 5 diamond drill holes have been completed using the
Company's NQ diamond drill, for a total of 1180.8 meters drilled,
with an additional hole in progress. An additional 50 to 70 meters
will be added on hole number 6 before starting hole number 7. Hole
LCT-12-5 has encountered gold mineralization of 0.33 g/t Au over
63.85 meters and hole LCT-12-6 encountered 24.5 meters of 0.45 g/t
Au. Assay results from all holes are summarized in the table
below. Note that data from some holes was previously released
but is included here for completeness. Selected assay results from
the Locust target. Drill Hole From To Interval (m) Au g/t Results
as Previously Reported LCT-11-01 Some anomalous Au from 35.0 to
80.0 meters LCT-11-02 Some anomalous Au from 23.0 to 43.0 meters
LCT-11-03 141.05 155.00 13.95 1.25 167.00 173.80 6.80 0.33
LCT-11-04 55.00 61.40 6.40 1.12 New Results LCT-12-05 79.50 83.85
4.35 0.48 96.00 159.85 63.85 0.33 includes 98.00 108.00 17.25 0.51
and 131.75 137.00 5.25 0.72 LCT-12-06 143.00 167.50 24.50 0.45
includes 148.80 167.50 18.70 0.48 Anomalous gold are values of 0.1
to 0.33 g/t Au. Steve Regoci, President of the Company, stated,
''The style of mineralization evident is similar to a number of
recent discoveries in the region. These early results are
consistent with the potential for Locust to host a bulk tonnage
gold deposit." Holes 5 and 6 tested a breccia with quartz and
barite in the matrix and appear to have cut the same body separated
by about 120 meters. It is unclear whether hole 3, a further
200 meters west, cut this same body or is a separate structure.
Hole 4 explored a separate structure identified by mapping.
Holes 1 and 2 tested a stratigraphic model for mineralization in
the layered volcanic sequence. About the Tonichi Project: The
Tonichi project is located in the prolific Sierra Madre Precious
Metal Belt eastern Sonora State, Mexico, and covers 47,000 hectares
(please visit www.garibaldiresources.com to view project maps). The
project land package abuts the properties surrounding several
exploration projects including Promontorio (Kootenay Silver) and
the Luz de Cobre-San Antonio de la Huerta (Red Tiger Mining,
formerly Zaruma Resources). Quality Assurance: Garibaldi has
conducted a QA/QC program whereby blind sample blanks are inserted
in the drill core sample stream prior to being sent to the
laboratory. Samples were prepared and analyzed by ALS Chemex
in their facilities in Mexico and Vancouver, respectively. Samples
generally consisted of 1-3 kg of material. Gold analyses were
performed by 30 gram fire assay with an AA finish. Silver and the
base metals were analyzed as part of a multi-element ICP package
using an aqua regia digestion. Dr. Craig Gibson, PhD., Certified
Professional Geologist, and a Director is the Qualified Person for
the Tonichi Project 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. GARIBALDI RESOURCES CORP. per:
"Steve Regoci" Steve Regoci, President The TSX Venture
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this News Release.
Garibaldi Resources Corporation CONTACT: GARIBALDI RESOURCES
CORP.1150 - 409 Granville StreetVancouver, BC V6C 1T2Telephone:
(604) 488-8851 Website: www.garibaldiresources.com
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