TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Jan. 20, 2017 /CNW/ - Garibaldi Resources
(TSX:GGI) (the "Company" or "Garibaldi") is pleased to report that
it has completed the first two drill holes of a Phase 1 maiden
diamond drilling program at its 100%-owned Tora Tora Property near
Princeton, B.C., approximately 25
kilometers north of the producing Copper Mountain mine.
The holes were collared 250 meters apart and were drilled to
depths of nearly 200 meters, deeper and further north than any of
the several historical holes that were completed at Tora Tora 25
years ago. Targets were selected based on coincident
geochemical and geophysical anomalies.
Drill core samples are being sent immediately to an accredited
lab in Vancouver for
analysis. Given a favorable alteration package intersected in
both of these first-ever Garibaldi drill holes at Tora Tora, a
series of additional drill holes will be completed at the property
following receipt and review of the initial assay results expected
in February.
Steve Regoci, Garibaldi President
and CEO, commented: "These first holes at Tora Tora have
provided great encouragement to our geological team given the very
grassroots nature of this property and valuable new information
that's rapidly accumulating. We look forward to continuing to
advance Tora Tora during this first quarter."
Corporate Fact Sheet
To view the latest corporate Fact Sheet for Garibaldi Resources,
please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI-Fact-Sheet-December-2016.pdf
Qualified Person
Mr. John Buckle, P.Geo.,
P.Geoph., a Qualified Person as defined by NI 43-101, has reviewed
and approved the scientific and technical disclosure in 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.