TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Oct. 9, 2015 /CNW/ - Garibaldi Resources Corp.
(TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report
that crews are mobilizing for first-ever drilling, expected to
commence next week, at the Company's 100%-owned Grizzly Project in
the prolific Sheslay District of northwest British Columbia.
The first holes will focus on one of a series of high-value
target areas identified along the far western side of Grizzly
Central, a very prospective broader package of targets that
features numerous coincident geophysical and geochemical anomalies
extending at least 5 km north-south and 5 km east-west. Grizzly
Central itself is one of seven major regional exploration areas on
the nearly 300 sq. km Grizzly.
Steve Regoci, Garibaldi President
and CEO, commented: "The objective of this initial drilling is to
outline another new Cu-Au porphyry system along the Sheslay
corridor which, significantly, would mean a discovery on each of
the first three properties drilled in this emerging mining
camp.
"Garibaldi controls more than half of the Sheslay mineralized
corridor which stretches for at least 30 km NW-SE. The scale of
mineralization demonstrated at this under-explored district on
trend from the Red Chris mine makes it one of Canada's premier greenfield projects as stated
by the Association for Mineral Exploration British Columbia,"
Regoci continued.
"Doubleview Capital's important grassroots discovery of a
gold-rich copper porphyry deposit 10 km east of our initial drill
target sparked a major district staking rush in 2014. We strongly
believe in the potential of this entire corridor to produce fresh
discoveries and generate renewed excitement for the junior
exploration sector."
Grizzly Video
To view a short Garibaldi video on the Grizzly Project and the
Sheslay corridor, please visit the Company's homepage at
GaribaldiResources.com.
Alternatively, visit the following URL:
http://www.garibaldiresources.com/s/Media.asp#Grizzly
Cautionary Statement
While Garibaldi is very encouraged by the exploration results to
date at the Grizzly, the Company wishes to emphasize that there is
no certainty it will identify a deposit or resource on the
property. In addition, other porphyry deposits in the Sheslay
district may not be indicative of the mineralization that may be
found on the Grizzly.
Qualified Person
Mr. Charles Grieg, M.Sc. P. Geo.,
a consultant for the Company's Grizzly Project and a Qualified
Person as defined by NI-43-01 regulations, 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
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.