TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Nov. 26,
2014 /PRNewswire/ - Garibaldi Resources Corp. (TSX.V:
GGI) (the "Company" or "Garibaldi") is pleased to report that
high-grade silver mineralization has been confirmed through assays
from channel sampling 150 meters north of Silver Eagle discovery
hole SE-14-01 at the Rodadero North Project in central Sonora
State, Mexico. This area will be drill-tested beginning later
this week in an attempt to expand the Silver Eagle system in a
northerly direction.
All drill holes completed to date at Silver
Eagle, with the exception of SE-14-05, have been to the south of
SE-14-01 where mineralization remains open and has been traced for
an additional 3 km south beyond the Reales target in sampling of
surface outcrops and small underground workings. The Company
eagerly anticipates receiving the next batch of assay results
(drill holes SE-14-07 through SE-14-12) during the first half of
December.
Silver Eagle is the westernmost of 11 target
areas defined over more than 45 sq. km at Rodadero North where
mineralization transitions from primarily high-grade silver at
Silver Eagle, discovered through sampling and shallow drilling, to
high-grade gold, silver and base metals trending eastward. A drill
plan map for the Tarichi target, 2.5 km southeast of Silver Eagle,
is now available at GaribaldiResources.com.
Channel Samples Return Up To 881 g/t
Ag
Two immediate drill holes will test for
continuity of mineralization to depths of less than 100 meters at
the new surface discovery north of SE-14-01. All five channel
samples from a shallow pit returned significant silver grades -
881 g/t (28.3 oz/tonne), 771 g/t, 763
g/t, 452 g/t and 87 g/t. Widths ranged from 1.4
to 1.9 meters. The average grade was 604 g/t Ag over
an average width of 1.6 meters.
Steve Regoci,
President and CEO of Garibaldi, commented: "Given results
generated to date by drilling, sampling and our hyperspectral
technology, and the fact that this project is situated in the heart
of a prolific mining region, we're extremely excited with what we
see at Rodadero as the emergence of a new mineral camp in central
Sonora State."
By the nature of the biases of sampling, the
above results are not necessarily representative of mineralization
at Rodadero North in general or, specifically, within the zones,
structures or geological features that were sampled.
Mineralization at Silver Eagle is hosted in
silicified conglomerate and overlying andesitic volcanic rocks
along a north-northwest trending structural zone.
Mineralization also appears to be associated with the stratigraphy
of the conglomerate.
Rodadero North Video
To view a 2-minute Garibaldi video on the
Rodadero discovery, please visit the homepage of
GaribaldiResources.com or the following URL:
http://www.garibaldiresources.com/s/Media.asp#Rodadero
Quality Assurance & Control
Garibaldi maintains strict QA-QC protocols for
all aspects of its exploration programs that include the systematic
insertion of blanks and standards into each sample batch.
Acme Labs (now part of the Bureau Veritis group that includes BSI
Inspectorate) has performed assay analyses on Rodadero North drill
core and some of the rock samples, while ALS Global (formerly ALS
Chemex) has also performed some analyses on rock samples. All
samples reported in this release were assayed using certified and
industry standard assay techniques for gold, and multi-element
packages for other elements and for over-limits. Au was
analyzed by 30 or 50 gram fire assay with an atomic absorption
finish, and other elements were analyzed by multi-element
ICP.
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
Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed
this news release and approved the 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.
