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Up 23 % today (gap filled : Hope for pullback
Yes WHM looks kinda nutso.....UAV = CSE listed :
How're you getting their quotes 'n charts ?
High today 2.83 (up 23%).....Currently 2.68 (up 17.5)
Have you ever seen or heard of the MRS ?.....
I hadn;t until just now thru KingMidas ?https://investorshub.advfn.com/Mission-Ready-MRS-31539/
This site is quite decent for uncovering stuff !
Gaibaldi is pleased to announce that the Company has been chosen to participate in the "Core Shack" at the AME Mineral Exploration Roundup 2018. Members of the GGI nickel team will be at booth number 825 January 22-23 to speak with investors and present drill core samples from the Nickel Mountain discovery.
Hope to see more of you around....What's on your radar today / these days ?
Regardless, sll the best to you from - Vancouver Island
Garibaldi Resources down 35% to $2.25 ?
Make that - Down 39% (its' low of 2.13)
This chart's from a month ago :
Here's what she looks like today (she's had quite a swing)
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Welcome
To
GARIBALDI RESOURCES
(GGIFF) OTC
(GGI.V) Venture exchange
Garibaldi Resources Corp. is a Canadian junior mining company utilizing the most sophisticated remote sensing technology in the world to explore for new gold silver and base metal deposits in the central and northern parts of Mexico's prolific Sierra Madre. The Company controls seven district scale projects covering more than 2,500 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico including El Sauzal, Palmarejo, Mulatos and Ocampo.
The Sierra Madre is one of the most extensive belts of epithermal type gold-silver occurrences in North America and all of the known mining districts exhibit the widespread hydrothermal alteration that characterizes these types of deposits. All of Garibaldi's projects,Morelos,Tonichi-Onavas,Iris,Badesi,Rodadero,Sianori and Temoris were acquired because they cover broad areas of virtually unexplored hydrothermal alteration that are strikingly similar to the alteration zones associated with many of the known deposits..
All of these projects have potential to host multiple mineralized zones and management believes the company's portfolio represents an exceptional, leveraged exploration opportunity.
The successfully completed fixed wing hyperspectral survey (flown by HyVista Corp. of Australia in consultation with MacDonald Dettwiler and Associates Ltd. of Richmond, B.C.) has a much wider spectral range (126 bands rather than 8 bands for ASTER) and will be roughly sixteen times (16x) more detailed than data from a space borne platform. Results of the Garibaldi Resources survey will be used to reduce Garibaldi’s substantial land package around hyperspectral target anomalies to develop a pipeline of projects that will generate joint ventures.
BOARD RULES
1) Garibaldi discussion ONLY.
2) Keep postings on topic. Friendly banter within TOU is acceptable.
3) Any NEW addition should be accompanied by back up link or otherwise. Followed by pertinant info.
4) There will be NO attacking a board member for their trading styles regardless of your personal feelings. NO EXCEPTIONS. We are all here to make $$.
5) NO BASHING, PUMPING, HANDWRINGING, CHICKEN LITTLING or TIN FOIL HATS allowed.
6) All IBOX requests/suggestions must be done by PM to a MOD.
7) Limit alerts to whats occuring or potential action..save the hype for somewhere else.
8) HAVE FUN AND LETS MAKE SOME $$$$.
WELCOME ABOARD!
Threw-er-Back
Daily Chart
Weekly Chart
SHARE STRUCTURE - Share Capitalization as of October 31, 2008
| Issued & Outstanding: | 42,356,276 |
| Options: | 3,200,000 |
| Warrants Outstanding: | 3,000,000 |
| Fully Diluted: | 48,556,276 |
Quick Facts
- FLOAT 17,150,000
- $10,000,000 in assets (PZG) and $11,000,000 Market cap..I'd say NO BRAINER
- 65% INSIDER HELD
-2ND LARGEST SHAREHOLDER-19.9% Institutional - Sprott Securities made 4 separate purchases
- Mining concessions on 741,300 ACRES/300,000 hectares
- Paramount purchase of "Temoris property" for 400k and 6 million shares was based on Hyperspectral analysis ALONE
- Paramount later raised 28mm in a PPL in 48hrs after further exploration CONFIRMED hyperspectral analysis
- GGI.V Share value/pps currently equates to PZG (Paramount) holdings by Girabaldi (no other assets included)
- State of the art hyperspectral technology
- OWN their own diamond drill
- Giribaldi properties are surrounded by other "World Class Assets"
- Contracts with other mining companies for Hyperspectral Analysis
- Garibaldi DOES NOT currently desire to be a miner-ONLY an EXPLORATION COMPANY proving up a minimum of 1 million ounce resources with State of the Art Hyperspectral Analysis and initial drilling so they can be acquired by miners to later be developed or JV'd.
- THERE IS NO OTHER JR MINER utilizing Hyperspectral analysis
LIVE INTERVIEW WITH STEVE REGOCI - CEO
http://smallcapepicenter.com/executive/GGIceoJan10/
EXCELLENT analysis
A Penny Gold Stock with an Investment Insurance Policy?
Garibaldi Resources Corp. (GGI.V) recently consummated a deal with Paramount Gold and Silver Corp (NYSE/TSX.PZG) on Mar-19-2009 where Garibaldi’s sold its option interest in the 54,000 hectare Temoris Concessions, in Chihuahua State, Mexico for $US 400,000 in cash and was issued 6,000,000 shares in Paramount's capital. http://www.garibaldiresources.com/news.php?id=12
From this point in time Paramount has been gearing up by hitting a series of significant mile stones and has set the stage for what now appears to be a massive break out and share appreciation for the Company.
The purpose of this piece is to provide the third party reference/ research material which has documented the path to why some experts have been calling for a massive potential share price appreciation for PZG.
The Insurance Policy: On Jan 14, 2010 PZG traded over $2.00 for the first time since May 2008. GGI’s marketable security position from this transaction with PZG gives the Company approximately an $12 million cash value.
GGI has 49 million shares issued and outstanding which gives a net cash value $.22 per share the on this transaction alone. In fact every $1.00 PZG goes up adds an additional $.10 per share value to GGI and an minimum $5 million to GGI’s operational/ exploration budget.
Judging by PZG recent share price appreciation and supported by what the research material has been suggesting before hand all along we would invite you to do your due diligence with the information provided below and see if you o not agree with our conclusion that in fact GGI represents an intriguing undervalued Jr. Gold Exploration Company with a strong investment insurance policy due to the fact that they are PZG second largest shareholder.
Or perhaps the better question to ask is….
‘If GGI 100% owns 6 more quality projects with similar prospects if not better then the Temoris concessions which was sold to PZG for $US 400,000 and 6 millions shares; which is now worth in excess of $11 million to GGI…. What does the future hold for these additional promising projects for which an exploration/ drillings programs have commenced?
• Blackmont Capital Equity Research- Speculative BUY Target Price: C$2.50
July 03, 2008: http://www.paramountgold.com/_docs/PZG080703RR.pdf
“We are initiating coverage of Paramount Gold and Silver Corp. (PZG-TSX, AMEX) with a Speculative BUY recommendation and C$2.50 per share target price.”
• ‘Piggybacking Albert Friedberg, Again Buy for $1 per share.. .sell for $5’
May 2009: Author: Steve Sjuggerud Stansberry & Associates Investment Research
.... “To wrap up, again, I see Paramount Gold as another classic Friedberg opportunity, like Arizona Star and Seabridge Gold ... It's a pile of super-cheap gold with an excellent chance of being bought soon.”
• Paramount Gold and Silver closes $23 million
Oct 15, 2009: http://www.paramountgold.com/news/press_release.asp?ID=100184
“Paramount intends to use the net proceeds to aggressively explore the San Miguel project and area and further consider acquisition of new precious metals projects”
• Jay Taylor’s Watch List
Oct 11 2009: http://www.jayswatchlist.com/watch/watchlist?company_id=8
Further Word about the San Miguel Project: “Paramount Gold’s 100%-owned interests virtually surround Coeur d’Alene’s Palmarejo project which was purchased in 2007 for $1.1 billion. Paramount's neighbours include Dolores (Minefinders), Mulatos (Alamos Gold), Ocampo (Gammon Gold), and El Sauzal (Goldcorp). As Paramount continues its exploration, there is no doubt its measured and inferred resources will multiply in size. Paramount's expectation is to identify a 5-10 million ounce resource in this area.”
For more information on Garibaldi Resources Inc. please visit:
www.garibaldiresources.com
Or call Drew A. Farion
VP Corporate Communications @ 604 488-8851
GARIBALDI RESOURCES HI-TECH EXPLORATION STRATEGY
Garibaldi Resources Corp.'s new management group targeted Mexico's prolific Sierra Madre mineral belt as the best place to focus a novel exploration strategy based on newly-emerging remote sensing technology in early 2005. Aside from the low country risk and Mexico's 500-year history of resource extraction, a series of world class discoveries in the preceding decade evidenced the reality that many underexplored mining districts in Mexico, which had never had any modern exploration, were emerging as potential hosts for large bulk tonnage epithermal gold and silver deposits. This fact and Mexico's low foliage, desert-like environment allowing for greater surface exposure of outcrop, perfectly suited the first generation of commercially available and cost effective spectrometers, putting NASA technology within the reach of junior exploration company budgets for the first time ever.
Most of the major discoveries in Mexico since 1995 have significant alteration features in common, and these zones of advanced alteration are visible from a new satellite imaging platform called the "Advanced Space borne Thermal Emission and Reflection Radiometer" (ASTER). Launched by NASA, "ASTER" first went live in 2000. In general, many people in the exploration industry equate modern remote sensing with the crude Landsat technology of the early 1980s, but as surely as there is constant progress and advancement in technology, the newest remote sensing applications are quantum leaps over anything that came before. In early 2006, Garibaldi's management team made a decision to commit to a strategy that would redefine how a junior resource exploration company prioritizes its acquisition, exploration and development strategy, weighing heavily on the balance of probabilities with cutting-edge technology.
By the end of 2007, Garibaldi had acquired over 300,000 hectares of strategically located concessions in the Chihuahua, Sonora and Durango states. All of the company's projects covered broad areas of alteration in key mining districts in Mexico and MacDonald Dettwiler's and Associates had introduced Garibaldi to HyVista Corporation of Australia to contract a fixed wing hyperspectral survey of its properties. HyVista?s spectrometer has 128 bands across the reflective solar wavelengths, and can discriminate between the unique spectral signatures of specific mineral suites, since no two minerals have the same spectra. Garibaldi would fly a high resolution fixed wing hyperspectral survey over the alteration zones on its concessions that were originally defined by low resolution satellite ASTER imaging to further define the mineralogical constituents of each anomaly. The strategy required capturing the hyperspectral images of a number of known deposits in each mining district, compiling a library of comparative signatures against which to prioritize exploration on Garibaldi's ground.
After a significant delay in acquiring permitting from aviation authorities, Garibaldi completed the first high resolution fixed wing hyperspectral survey by a junior exploration company in Mexico in June of 2008. The processing of raw data was completed by the end of 2008, and the analysis of this data will continue throughout 2009 and 2010. The volume of data is immense, and unfortunately these milestones did coincide with the greatest global financial turmoil in living memory. Garibaldi will now initiate a program of ground truthing to prioritize or eliminate targets, and reduce its vast land position down to project areas around hyperspectral target anomalies, to develop a pipeline of projects to joint venture to other companies. Garibaldi owns its own NQ diamond drill and where the target is attractive enough to potentially define a company-making deposit, Garibaldi will drill test such high priority targets
The end results have generated multiple targets over the company's district scale land holdings that require "boots on the ground" follow up, but Garibaldi believes that its exploration protocol has saved its shareholders a significant amount of time and money by utilizing technology that is just entering commercial availability. Actions always speak louder than words; since Garibaldi's first exploration program in Mexico began in early 2006, management has achieved the following:
Acquired one of the largest strategic land packages by a junior in Mexico's Sierra Madre.
Raised over $5,000,000 and launched the first hyperspectral survey by a junior exploration company in Mexico.
With Garibaldi's first transaction in Mexico, the company acquired 6,000,000 shares of Paramount Gold & Silver by selling Garibaldi's interest in the Temoris project.
Recovered half of the cost of the hyperspectral survey by selling proprietary data to Paramount Gold & Silver, Coeur d'Alene Mines Corp. and Agnico-Eagle Mines Limited.
Implemented Garibaldi's "Rapid Assessment Protocol" saving shareholders millions of dollars in development of a portfolio of projects that management believes is an exceptional leveraged exploration opportunity.
All of this was accomplished after experiencing a year's delay in launching the hyperspectral survey, as well as surviving a global financial meltdown that began in 2008 and continues to generate turmoil in our capital markets. Still, because of the application of modern technology, much has been accomplished during the last 36 months in Mexico and as risk aversion abates Garibaldi's management looks forward to the challenge of unlocking value in the pipeline of projects generated with these new hi-tech tools. Indeed, Garibaldi is investigating the next generation of spectrometers that promise even greater resolution and bandwidth with which to hunt for the next great discovery.
 | |||||
 | |||||
| Hyperspectral imaging (HSI) technology takes advantage of the wavelength composition of electromagnetic radiation (EMR). Almost all electromagnetic radiation, including visible light, is comprised of a mixture of many, many different wavelengths of EMR. Typically, the wavelengths of interest for HSI range from the low end of the visible spectrum (violet) through the high end of the visible spectrum (red), through near-infrared (NIR), short-wave infrared (SWIR) and mid-wave infrared (MWIR) to long-wave infrared (LWIR). Long-wave infrared is also often called thermal infrared. Most HSI systems utilize only part of this range of interest. In a hyperspectral sensor, EMR is captured and focused onto a diffraction grating. The diffraction grating spreads the incident electromagnetic radiation into its constituent wavelengths. The effect is very similar to that achieved when visible light passes through a glass prism--the light is spread into its constituent colors. With a diffraction grating, however, the wavelength spread is predictable and very accurate. The EMR that reflects from the diffraction grating is directed to a set of collectors that convert the incident light of various wavelengths into electrical signals. Typically, the collectors are contained on an electronic chip that is very much like the electronic chips that are found in digital cameras, except the chips in an HSI sensor are usually sensitive to much wider ranges of EMR (a digital camera is sensitive only to visible light). The electrical signals from the chip are passed to a computer that processes the data and presents the user with information that can be used to reach conclusions about the source of the captured EMR. | |||||
An Introduction to Hyperspectral Technology
www.spacecomputer.com/documents/Introduction_to_HSI_Technology.pdf
~2010 Press Releases ~
March 02, 2010
Garibaldi Provides Corporate Update - Retains Grandich Publications to Enhance Investor Relations Strategy
~2009 Press Releases ~
www.garibaldiresources.com/news.php?id=27
GARIBALDI WELCOMES PROFESSIONAL GEOSCIENTIST
www.garibaldiresources.com/news.php?id=26
GARIBALDI RESOURCES JOINS THE 'AGORACOM 100' AND LAUNCHES ONLINE IR AND MARKETING PROGRAM
www.garibaldiresources.com/news.php?id=25
www.garibaldiresources.com/news.php?id=24
GARIBALDI ACQUIRES PROPERTY AND APPROVES COAL SURVEY
www.garibaldiresources.com/news.php?id=23
www.garibaldiresources.com/news.php?id=22
STOCK OPTION GRANTS AND PRICE AMENDMENTS
www.garibaldiresources.com/news.php?id=21
www.garibaldiresources.com/news.php?id=20
PRIVATE PLACEMENT PARTIAL CLOSING
www.garibaldiresources.com/news.php?id=19
www.garibaldiresources.com/news.php?id=18
GARIBALDI CLOSES TEMORIS TRANSACTION, RECEIVES 6,000,000 SHARES OF PARAMOUNT GOLD AND SILVER CORP.
www.garibaldiresources.com/news.php?id=12
GARIBALDI DEALS GRIZZLY CLAIMS TO EQUINOX AND ADDS NEW DIRECTOR
www.garibaldiresources.com/news.php?id=6
GARIBALDI'S FIXED WING HYPERSPECTRAL SURVEY
www.garibaldiresources.com/news.php?id=11
www.garibaldiresources.com/news.php?id=10
~*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*~
Garibaldi Resources Projects
~*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*~
Mexico
www.garibaldiresources.com/projects.php
~Morelos~
~Tonichi-Onavas~
~Iris~
~Badesi~
~Rodadero~
~Sianori~
Canada
www.garibaldiresources.com/canada.php
~Grizzly~
~King~
~Princeton~
~Black Gold~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~*~MANAGEMENT ~*~
Steve Regoci
President, C.E.O. and Director
Barrie Di Castri
Executive Vice President, C.F.O., and Director
Rafael Hinojosa
Operations Manager and Director
~*~DIRECTORS~*~
Greg Burnett
Brent Petterson
Steve Regoci
Rafael Hinojosa
Barrie Di Castri
Mr. Richard T. Osmond
~*~ADVISORY BOARD~*~
Dr. Peter K. M. Megaw
Mr. Alain Charest
Dr. Hans Von Michaelis
Dr. Joseph A. Zamudio
See profiles here:
www.garibaldiresources.com/corporate.php#2
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Adit
A nearly horizontal passage from the surface by which a mine is entered and dewatered. A blind horizontal opening into a mountain, with only one entrance.
Aerial Magnetometer
An instrument used to measure magnetic field strength from an airplane.
Aeromagnetic Survey
A geophysical survey using a magnetometer aboard, or towed behind, an aircraft.
Airborne Survey
A survey made from an aircraft to obtain photographs, or measure magnetic properties, radioactivity, etc.
Alteration
Any change in the mineralogic composition of a rock brought about by physical or chemical means, esp. by the action of hydrothermal solutions; also, a secondary, i.e., supergene, change in a rock or mineral. Alteration is sometimes considered as a phase of metamorphism, but is usually distinguished from it because of being milder and more localized than metamorphism is generally thought to be. Source: AGI
Anomaly
A departure from the expected or normal. A geological feature, esp. in the subsurface, distinguished bygeological, geophysical, or geochemical means, which is different from the general surroundings and is often of potential economic value; e.g., a magnetic anomaly.
Assay
To analyze the proportions of metals in an ore; to test an ore or mineral for composition, purity, weight, or other properties ofcommercial interest.
Assay Foot
In determining the assay value of an ore body, the multiplication of its assay grade by the number of feet along which the sample was taken.
Assay Ton
A weight of 29.166+ g, used in assaying to represent proportionately the assay value of an ore. Because it bears the same ratio to 1mg that a ton of 2,000 lb bears to the troy ounce, the weight in milligrams of precious metal obtained from an assay ton of ore equals the number of ounces to the ton. Abbrev. AT.
Assessment Work
The annual work upon an unpatented mining claim on the public domain necessary under U.S.law for the maintenance of the possessory title there to. This work must be donee ach year if the claim is to be held without patenting.
Bankable
Acceptable to lenders as basis for financing a project; most often used to describe definitive feasibility studies.
Base Metal
In plural form, a classification of metals usually considered to be of low value and higher chemical activity when compared with the noble metals (gold, silver, platinum, etc.). This non-specific term generally refers to the high-volume, low-value metals copper, lead, tin, and zinc.
Bedding
The arrangement of a sedimentary rock in beds or layers of varying thickness and character.
Break
Loosely used to describe a large scale regional shear zone or structural fault.
Breccia
Rock composed of sharp-angled fragments embedded in a fine-grained matrix.
Bulk Mining/Bulk Tonnage
A method of mining in which large quantities of low-grade ore are mined without attempt to segregate the high-grade portions.
Chip Sample
A regular series of ore chips or rock chips taken either in a continuous line across an exposure or at uniformly spaced intervals.
Claim
Portion of land held either by a prospector or a mining company. In Canada, the common size is 1,320 ft. (about 400 m) square, or 40 acres (about 16 ha).
Clavo
A mineralization body inside a vein with small dimensions and high grades.
Complex Ore
An ore containing two or more metals, as lead-zinc ore. Many complex ores are difficult or costly to treat, e.g., gold ore with arsenic orantimony minerals, or ore composed almost entirely of several sulfide minerals.
Core
The long cylindrical piece of rock, about an inch in diameter, brought to surface by diamond drilling.
Cutoff Grade
The lowest grade of mineralized material that qualifies asore in a given deposit; rock of the lowest assay included in an ore estimate.
Cyanidation
A process of extracting gold and silver as cyanide slimes from their ores by treatment with dilute solutions of potassium cyanide or sodium cyanide. The slimes are subsequently fused and cast into ingots or bullion.
Deposit
A body of rock containing valuable minerals; usage generally restricted to zones of mineralization whose size has been wholly or partly determined through sampling.
Development Drilling
Drilling to establish accurate estimates of mineral reserves
Diamond Drill
A drilling machine with a rotating, hollow, diamond-studded bit that cuts a circular channel around a core, which can be recovered to provide a more or less continuous and complete columnar sample of the rock penetrated.
Dip
The angle at which a bed, stratum, or vein is inclined from the horizontal, measured perpendicular to the strike and in the vertical plane.
Directional Drilling
The art of drilling a borehole wherein the course of the hole is planned before drilling. Such holes are usually drilled with rotary equipment and are useful in drilling divergent tests from one location, tests that otherwise might be inaccessible, as controls for fire and wild wells, etc.
Disseminated Ore
Ore carrying small particles of valuable minerals spread more or less uniformly through the host rock.
Dome
A steep-sided mass of viscous (doughy) lava extruded from a volcanic vent (often circular in plane view) and spiny, rounded, or flat on top. Its surface is often rough and blocky as a result of fragmentation of the cooler, outer crust during growth of the dome.
Drift
A horizontal opening in or near an ore body and parallel to the course of the vein or the long dimension of the ore body.
Drill-Indicated Reserves
The size and quality of a potential ore body as suggested by widely spaced drillholes; more work is required before reserves can be classified as probable or proven.
EM Survey
A geophysical survey method which measures the electromagnetic properties of rocks.
En Echelon
Roughly parallel but staggered structures.
Epithermal Deposit
A mineral deposit consisting of veins and replacement bodies, usually in volcanic or sedimentary rocks, containing precious metals or, morerarely, base metals.
Fold
A curve or bend of a planar structure such as rock strata, bedding planes, foliation, or cleavage. A fold is usually a product of deformation, although its definition is descriptive and not genetic and may include primary structures.
Galena
An isometric mineral, 4[PbS]; cubic cleavage; forms cubes andoctahedra, also coarse- or fine-grained masses; sp gr, 7.6; occurs with sphalerite in hydrothermal veins, also in sedimentary rocks as replacement deposits; an important source of lead and silver. Also spelled galenite.
Geochemistry
The study of the relative and absolute abundances of the elements and their nuclides (isotopes) in the Earth; the distribution and migration of the individual elements or suites of elements in the various parts of the Earth (the atmosphere, hydrosphere, lithosphere, etc.), and in minerals and rocks, and also the study of principles governing this distribution and migration. Geochemistry may be defined very broadly to include all parts of geology that involve chemical changes, or it may be focused more narrowly on the distribution of the elements, as in Mason's definition; the latter is commonly understood if the term is used without qualification.
Geophysics
A branch of physics dealing with the Earth, including its atmosphere and hydrosphere. It includes the use of seismic, gravitational, electrical, thermal, radiometric, and magnetic phenomena to elucidate processes of dynamical geology and physical geography, and makes use of geodesy, geology, seismology, meteorology, oceanography, magnetism, and other Earth sciences in collecting and interpreting Earth data. Geophysical methods have been applied successfully to the identification of underground structures in the Earth and to the search for structures of a particular type, as, for example, those associated with oil-bearing sands.
Geostatistics
A methodology for the analysis of spatially correlated data.The characteristic feature is the use of variograms or related techniques to quantify and model the spatial correlation structure. Also includes the various techniques such as kriging, which utilize spatial correlation models.
Geophysical Survey
The exploration of an area in which geophysical properties and relationships unique to the area are mapped by one or more geophysical methods.
Grab Sample
A sample from a rock outcrop that is assayed to determine if valuable elements are contained in the rock. A grab sample is not intended to be representative of the deposit, and usually the best looking material is selected.
Grade
The relative quantity or the percentage of ore-mineral or metal content in an ore body.
High Grade Ore
Rich ore. As a verb, it refers to selective mining of the be store in a deposit.
Heap leaching
A process used for the recovery of copper, uranium, and preciousmetals from weathered low-grade ore. The crushed material is laid on a slightly sloping, impervious pad and uniformly leached by the percolation of the leach liquor trickling through the beds by gravity to ponds. The metals are recovered by conventional methods from the solution.
Horst
An up faulted block of rock.
Horst Rock
The rock surrounding an ore deposit.
Hydrothermal
Relating to hot fluids circulating in the earth’s crust.
Igneous Rock
Rock formed by the solidification of molten material that originated within the earth.
Indicated Resources
Resources from which the quantity and grade and/or quality ar ecomputed from information similar to that used for measured resources, but the sites for inspection, sampling, and measurement are farther apart or are otherwise less adequately spaced. The degree of assurance, although lower than that for measured resources, is high enough to assume continuity between points of observation.
Inferred Resources
Resources from which estimates are based on an assumed continuity beyond measured and/or indicated resources, for which there is geologic evidence. Inferred resources may or may not be supported by samples ormeasurements.
Intrusion
A mass of igneous rock that, while molten, was forced into orbetween other rocks.
Limestone
A sedimentary rock consisting chiefly of calcium carbonate.
Limonite
A brown, hydrous iron oxide.
Massive sulphide
A body of rock made up mainly or wholly of sulphide or chalcopyrite; often proves to be an ore body. Also, a mineral deposit occurring in massive-sulphide form.
Measured Resources
Resources from which the quantity is computed from dimensions revealed in outcrops, trenches, workings, or drill holes; grade and/or qualityare computed from the results of detailed sampling. The sites for inspection, sampling, and measurement are spaced so closely and the geologic character isso well defined that size, shape, depth, and mineral content of the resourceare well established.
Metallurgy
The science and art of separating metals and metallic minerals from their ores by mechanical and chemical processes; the preparation of metalliferous materials from raw ore.
Milling Ore
Any ore that contains sufficient valuable minerals to be treated by any milling process.
Mineralization
The process or processes by which a mineral or minerals are introduced into a rock, resulting in a valuable or potentially valuable deposit. It is a general term, incorporating various types; e.g., fissure filling, impregnation, and replacement.
Ninable Reserves
Ore reserves that are known to be extractable using a given mining plan.
Nineral
A naturally occurring inorganic element or compound having an orderly internal structure and characteristic chemical composition, crystalform, and physical properties.
Net Smelter Return
A share of the net revenues generated from the sale of metal produced by a mine.
Open Pit
A mine that is entirely on surface. Also referred to as open-cut or open-cast mine.
Ore
The naturally occurring material from which a mineral or minerals of economic value can be extracted profitably or to satisfy social or political objectives. The term is generally but not always used to refer to metalliferous material, and is often modified by the names of the valuable constituent; e.g., iron ore.;ore mineral.
Orepass
A vertical or inclined passage for the downward transfer of ore; equipped with gates or other appliances for controlling the flow. An ore pass is driven in ore or country rock and connects a level with the hoisting shaft or with a lower level.
Orebody
A continuous, well-defined mass of material of sufficient ore content to make extraction economically feasible.
Ore Reserve
The term is usually restricted to ore of which the grade and tonnage have been established with reasonable assurance by drilling and other means.
Ore Shoot
An elongate pipelike, ribbon like, or chimney like mass of ore within a deposit (usually a vein), representing the more valuable part of the deposit.
Outcrop
The part of a rock formation that appears at the surface of the ground.
Pegmatite
An exceptionally coarse-grained igneous rock, with interlocking crystals, usually found as irregular dikes, lenses, or veins, esp. at themargins of batholiths. Most grains are 1 cm or more in diameter. Although pegmatites having gross compositions similar to other rock types are known,their composition is generally that of granite; the composition may be simple or complex and may include rare minerals rich in such elements as lithium, boron, fluorine, niobium, tantalum, uranium, and rare earths. Pegmatites represent the last and most hydrous portion of a magma to crystallize and hencecontain high concentrations of minerals present only in trace amounts ingranitic.
Porphyry
An igneous rock of any composition that contains conspicuous phenocrysts in a fine-grained groundmass; a porphyritic igneous rock. The term(from a Greek word for a purple dye) was first applied to a purple-red rock quarried in Egypt and characterized by phenocrysts of alkali feldspar. The rock name descriptive of the groundmass composition usually precedes the term; e.g., dioriteporphyry. Obsolete syn: porphyrite.
Porphyry copper
A large body of rock, typically porphyry, that contains disseminated chalcopyrite and other sulfide minerals. Such deposits are mined in bulk on a large scale, generally in open pits, for copper and byproduct molybdenum. Most deposits are 3 to 8 km across, and of low grade (less than 1%Cu). They are always associated with intermediate to felsic hypabyssalporphyritic intrusive rocks. Distribution of sulfide minerals changes outward from dissemination to veinlets and veins. Supergene enrichment has been very important at most deposits, as without it the grade would be too low to permitmining.
Prospect
A mineral occurrence that is being, or has been, explored; often restricted to mineral occurrences that have been drilled.
Proven reserves
Reserves that have been sampled extensively by closely spaced diamond drill holes and possibly developed by underground workings in sufficient detail to render an accurate estimation of grade and tonnage.
Pyrite
An isometric mineral, FeS2; dimorphous withmarcasite; forms a series with cattierite; crystallizes in cubes andpyritohedra; sparks readily if struck by steel; metallic; pale bronze to brass yellow; hardness varies from 6.0 to 6.5; occurs in veins, as magmatic segregation, as accessory in igneous rocks, and in metamorphic rocks, in sedimentary rocks including coal seams; a source of sulfur; may have includedgold.
Reconnaissance
A general, exploratory examination or survey of the main features (or certain specific features) of a region, usually conducted as a preliminary to a more detailed survey; e.g. an engineering survey in preparing for triangulation of a region. It may be performed in the field or office, depending on the extent of information available.
Recovery
The percentage of valuable metal in the ore that is recovered by metallurgical treatment.
Reserve
The quantity of mineral that is calculated to lie within given boundaries. It is described as total (or gross), workable, or probable working,depending on the application of certain arbitrary limits in respect of deposit thickness, depth, quality, geological conditions, and contemporary economic factors. Proved, probable, and possible reserves are other terms used ingeneral mining practice.
Resource
The calculated amount of material in a mineral deposit, based on imited drill information.
Reverse Circulation
A drilling method in which rotating bit cuts rock or compacted earth into fragments, which are flushed upward to the drill collor.
Rhyodacite
The extrusive equivalent of granodiorite. The principal minerals, sodic plagioclase, sanidine, quartz, and biotite or hornblende, commonly occur as phenocrysts in a finely crystalline groundmass of alkali feldspar and quartz. Accessory minerals are apatite and magnetite, and occasionally augite.
Rhyolite
A group of extrusive igneous rocks, typically porphyritic and commonly exhibiting flow texture, with phenocrysts of quartz and alkalifeldspar in a glassy to cryptocrystalline groundmass; also, any rock in that group; the extrusive equivalent of granite. Rhyolite grades into rhyodacite with decreasing alkali feldspar content and into trachyte with a decrease inquartz. The term was coined in 1860 by Baron von Richthofen (grandfather of the World War I aviator). Etymol: Greek rhyo-, from rhyax, stream of lava.
Royalty
A lease by which the owner or lessor grants to the lessee the privilege of mining and operating the land in consideration of the payment of a certain stipulated royalty on the mineral produced.
Sample
Representative fraction of body of material; removed by approved methods; guarded against accidental or fraudulent adulteration; and tested oranalyzed to determine the nature, composition, percentage of specified constituents, etc., and possibly their reactivity. Bulk samples are large(several tons), so taken as to represent the ore for the purpose of developinga suitable treatment. Channel samples, cores, chips, grab, pannings, stope samples, etc., are small ones - made primarily to establish the value of the ore reserve.
Sampling
The gathering of specimens of ore or wall rock for appraisal ofan ore body. Since the average of many samples may be used, representative sampling is crucial. The term is usually modified to indicate the mode orlocality; e.g., hand sampling, mine sampling, and channel sampling.
Scoping Study
An early stage study on the economics of a mining project used for development planning. It is generally based onassumptions and estimated costs, and is neither as detailed nor s reliable as afeasibility study (for a lender). May also be called a “preliminary economic assessment.
Secondary Enrichment
Enrichment of a vein or mineral deposit by minerals that have been taken into solution from one part of the vein or adjacent rocks and deposited in another.
Sedimentary Rocks
Rocks formed by the accumulation of sediment in water (aqueousdeposits) or from air (eolian deposits). The sediment may consist of rock fragments or particles of various sizes (conglomerate sandstone, shale); of the remains or products of animals or plants (certain limestones and coal); of the product of chemical action or of evaporation (salt, gypsum, etc.); or of mixtures of these materials. Some sedimentary deposits (tuffs) are composed offragments blown from volcanoes and deposited on land or in water. Acharacteristic feature of sedimentary deposits is a layered structure known as beddingor stratification. Each layer is a bed or stratum. Sedimentary beds as deposited lie flat or nearly flat.
Shaft
A vertical or inclined excavation in rock for the purpose of providing access to an ore body. Usually equipped with a hoist at the top, which lowers and raises a conveyance for handling workers and materials.
Shearing
The deformation of rocks by cumulative small lateral movements along innumerable parallel planes, generally resulting from pressure, and producing schistosity, cleavage, minute application, and other metamorphic structures.
Shoot
The valuable minerals are commonly concentrated in certain portions of a vein that have one dimension much longer than the others. This shoot or chimney of ore is usually highly inclined to the horizontal.
Silicification/Silicified
A process of fossilization whereby the original organic components of an organism are replaced by silica, as quartz, chalcedony, or opal. Source: AGI
Skarn
Name for the metamorphic rocks surrounding an igneous intrusive where it comes in contact with a limestone or dolostone formation.
Step-Out Drilling
Holes drilled to intersect a mineralization horizon or structure along strike or down dip.
Strike
The direction, or bearing from true north, of a vein or rock formation measured on a horizontal surface.
Stripping Ratio
The unit amount of spoil or overburden that must be removed to gain access to a unit amount of ore or mineral material, generally expressed in cubic yards of overburden to raw tons of mineral material.
Tailings
Material rejected from a mill after most of the recoverable valuable minerals have been extracted.
Ton Unit
In metallurgy, a unit of mass equal to one percent of a ton; thus if an ore assays 3% metal, one "unit" may be based on contained metal, or on the contained oxide unit is equal to 20 LB., along to (or "tonne unit"), 10 KG. Occasionally used in smelting contracts, or in pricing some ores.
Trench
In geological exploration, a narrow, shallow ditch cut across a mineral deposit to obtain samples or to observe character.
Trend
The direction, in the horizontal plane, of a linear geological feature, such as an ore zone, measured from true north.
Vein
A rock fissure filled by intruded mineral matter that has travelled upwards form some deep source.
Volcanic Rock
A generally finely crystalline or glassy igneous rock resulting from volcanic action at or near the Earth's surface, either ejected explosively or extruded as lava; e.g., basalt. The term includes near-surface intrusions that form a part of the volcanic structure.
Volcanic Dome
A steep-sided extrusion of very viscous lava that is squeezed from a volcanic vent without major eruption. These are frequently rhyolitic in composition and produce a rounded mound above the vent.
Zone
an area of distinct mineralization.
Zone of oxidation
the upper portion of an ore body that has been oxidized.
IR - Drew Farion 604-961-7555
Garibaldi Resources Corp.
Suite 301 - 788 Beatty Street
Vancouver, B.C.
Canada V6B 2M1
Tel: (604) 488 8851
Fax: (604) 488 8871
E-mail: info@garibaldiresources.com
Minera Pender S.A de C.V.
Calzada Del Valle Ote 400
Despacho 520, Colonia del Valle
San Pedro Garza García, Nuevo León State
C.P. 662200 México.
Tel: 52-818-335-3461
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