TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, July 13, 2016 /CNW/ - Garibaldi Resources (TSX.V:
GGI) (the "Company" or "Garibaldi") is pleased to announce that
crews have mobilized for work programs at its 100%-owned King
Project in the heart of northwest British
Columbia's Golden Triangle. King North and Garibaldi's
recently acquired King South claims,
totaling 50 sq. km, adjoin Seabridge Gold's Iskut Project and cover
several gold, silver and base metal prospects that were discovered
in the late 1980's near the historic Snip mine.
King North is currently permitted
for drilling and Garibaldi crews this month will be focusing on
prioritizing drill targets there. One area of strong interest
is Chubby Creek where structurally
controlled high-grade gold mineralization was historically
identified through sampling along NE trending pyritic shear zones
cutting volcanics and sediments. Nearly 30 years later, these
mineralized showings are now being followed up.
Geological studies completed by the B.C. Geological Survey in
2011 concluded that the under-explored rock units extending north
from the Iskut River, encompassing the King Project, are the same
as those hosting the Snip, Eskay
Creek and KSM deposits.
Recent extensions of the Iskut River access road, the completion
of a bridge to the north side of the river, and construction by
AltaGas of the Forrest Kerr and McLymont power stations will
significantly reduce the cost of more extensive exploration at the
King Project.
With its King, Palm Springs and E&L projects, Garibaldi
controls more than 150 sq. km in this core region of the Golden
Triangle where Pretium Resources is advancing its Brucejack mine
toward production in 2017.
Area Maps
Please visit www.GaribaldiResources.com or the following URL for
an updated area map highlighting Garibaldi's King, Palm Springs and
E&L projects.
http://www.garibaldiresources.com/i/photos/king/GG_Area_Map_Eskay_Camp_jULY_11_2016.jpg
For a Google Earth view of Garibaldi's properties, plus other
key projects in the heart of the Golden Triangle, please visit
www.GaribaldiResources.com or the following URL:
http://www.garibaldiresources.com/i/photos
/king/GGI_Google_Earth_Eskay_Map_July_11.jpg
Qualified Person
Carl von Einsiedel, a
non-independent geological consultant and a Qualified Person as
defined by NI-43-101, has reviewed this release and approved the
geological content 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.