TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, March 8, 2016 /CNW/ - Garibaldi Resources
Corp. is pleased to announce that field crews have mobilized to
commence first-ever diamond drilling at the Rambo high-grade gold
target, part of the company's 100%-owned Rodadero Gold-Silver
Project. Drilling will test this very prospective area for a gold
system approximately 6 km east of the company's Silver Eagle
deposit, underscoring the large-scale nature of this emerging
mineral camp in central Sonora State.
Exploration work has shown a zonation in metal distribution at
Rodadero with high silver and base metal values near-surface in the
west, trending north-south for nearly 3 km from Silver Eagle
through Reales, to silver-gold in the central part of Rodadero and
more gold-rich mineralization further east in the Rambo area.
Contiguous to the Rambo southern border is a small-scale
gold-silver mine currently in production, exploiting two main
veins. Drilling at Rambo is designed to intersect gold
mineralization and a potential new discovery at Rodadero at depths
of less than 100 meters in a strongly altered volcanic rock
package.
Mineralization at Rodadero, which features 12 targets over
nearly 50 sq. km, is interpreted as being related to a large zoned
mineralized system that is exposed at various levels from west to
east. Rodadero is strategically located in a prolific part of
central Sonora in close proximity
to several gold and silver mines operated by intermediate and major
producers.
Rodadero Maps, Photos & Video
For Rodadero maps, photos and a short video on the project,
please visit the Garibaldi web site at www.GaribaldiResources.com
or the following URL:
http://www.garibaldiresources.com/s/Rodadero.asp
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
Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has approved the
contents of this news release.
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.