Garibaldi options Aurora claim bordering Locust drill target, Tonichi project, Sonora, Mexico
2012年9月25日 - 8:15PM
PR Newswire (Canada)
TSX-V: GGI Frankfurt: RQM VANCOUVER, Sept. 27, 2012 /CNW/ -
Garibaldi Resources Corp. (the "Company") is pleased to announce
that it has acquired an option to purchase a 100% interest in the
Aurora concession, a 120 hectare inlier claim contiguous to the
Company's Locust drill target at the Tonichi project, Sonora State,
Mexico. Garibaldi's ongoing exploration program at Locust utilizing
the Company owned diamond drill (see news release of August 16,
2012) continues to test a gold in soil anomaly within a significant
zone of alteration that extends onto the Aurora claim adjacent to
the Locust drill target to the south. The anomaly was originally
defined by the Company's fixed wing hyperspectral air survey. Drill
results to date indicate the potential for Locust to host a bulk
tonnage gold deposit. The agreement with the vendors includes a
commitment by Garibaldi to drill a minimum of 1,000 meters within
the first year of the option. The option payments over 4 years
total $650,000 USD and the terms of the agreement are as follows:
First Year - $15,000 USD down payment (PAID) and two bi-annual
payments of $22,500 USD totaling $60,000 USD. Second year- Two
bi-annual payments of $37,500 USD totaling $75,000 USD. Third year
- Two bi-annual payments of $62,500 USD totaling $125,000 USD.
Fourth Year - Two bi-annual payments of $195,000 USD totaling
$390,000 USD. Garibaldi's geologists have begun a sampling and
mapping program to delineate drill pad locations. 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). We seek safe harbour
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. SOURCE Garibaldi Resources Corp. Image with
caption: "Tonichi Gold Project (CNW Group/Garibaldi Resources
Corp.)". Image available at:
http://photos.newswire.ca/images/download/20120927_C2103_PHOTO_EN_18558.jpg
Garibaldi Resources Corp. CONTACT: GARIBALDI RESOURCES CORP.1150 -
409 Granville StreetVancouver, BC V6C 1T2Telephone: (604) 488-8851
Website: www.garibaldiresources.com
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