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Other gold stocks are going up with NO NEWS. Why doesn't the market believe Garibaldi????? It's hard to figure but I don't like it. It just doesn't compute.
Garibaldi confirms discovery of shallow high-grade system at Silver Eagle target in Mexico
SECOND STAGE OF DRILLING TO COMMENCE IMMEDIATELY
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Aug. 5, 2014 /CNW/ - Further to its news releases of May 14, 2014, and June 19, 2014, Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that several additional diamond drill holes have confirmed the discovery of a shallow, high-grade mineralized system with apparent open-pit potential at the Company's Silver Eagle target (Rodadero North Project) in central Sonora State, Mexico. A second stage of drilling is starting immediately with SE-14-07 and will continue through the Mexican rainy season.
Highlights:
Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters' depth while the most recent hole (SE-14-06) - the farthest step-out from previously reported discovery hole SE-14-01 - has produced the widest mineralized intercept to date;
Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
Steve Regoci, Garibaldi President and CEO, commented: "The shallowness of this mineralization at Silver Eagle is striking, and that may have important implications as we continue to advance this target and the overall project. The potential scale of the mineralizing system at Rodadero North is evident by the number of 'hot spot' signatures defined by our hyperspectral remote sensing data. Follow-up surface sampling of these silicified zones and the excellent drill results at Silver Eagle suggest the possibility that some of these targets may be the collective surface expression of a very robust system.
"Given these exciting developments at Rodadero North, upcoming second stage drilling at the La Patilla Gold Property - another shallow potential deposit - and of course the Grizzly Cu-Au Porphyry Project that we're vigorously advancing to the drilling stage, this summer through year-end is shaping up to be the most active and dynamic period in our Company's history."
Silver Eagle Drilling
Of particular significance, the mineralized zone at Silver Eagle appears to widen to the south. Similar siliceous bodies are exposed for several hundred meters along a ridge to the south.
SE-14-03, collared 25 meters south of SE-14-01, intersected 11.45 meters of 266 g/t Ag including 1,935 g/t Ag (62.2 oz/t) at a depth between just 4.3 and 5.2 meters.
Meanwhile, SE-14-06, collared approximately 85 meters south of SE-14-01, returned a consistent, well-mineralized 24.4 meter section within 46.5 meters of surface, including 262 g/t Ag (8.4 oz/t) and 4.1% Pb over 4.6 meters.
The geometry of the mineralized zone at Silver Eagle is not yet clear after the limited drilling to date. Mineralization appears to be controlled by a steep tabular structure under the wider silicified zone exposed at the surface, but mineralization could also be controlled by a relatively flat lying zone within the silicified "cap". These possibilities are not mutually exclusive.
This second phase of drilling is designed to test the expansion of the mineralized zone to the south and at depth to the east, as well as test the base of the silicified zone in other areas.
Silver Eagle features excellent road and water access while power lines also run through the target area.
Significant Assay Results - Phase 1 Drilling (First 6 Holes) at Silver Eagle
Hole From (m) To (m) Width (m) Ag (g/t) Ag (oz/t)
SE-14-01 19.50 26.50 7.00 2,010 65.0
includes 19.50 21.50 2.00 68.7 2.2
and 21.50 22.50 1.00 7,633 245.4
and 22.50 26.50 4.00 1,574 51.6
SE-14-02* 0.00 5.00 5.00 106 3.4
SE-14-02A* 0.00 9.00 9.00 144 4.6
includes 0.00 3.00 3.00 269 8.7
SE-14-02B* 0.00 10.63 10.63 115 3.7
includes 0.00 6.80 6.80 171 5.5
SE-14-03 3.05 14.50 11.45 266 8.6
includes 3.05 4.33 1.28 222.9 7.2
and 4.33 5.20 0.87 1,935 62.2
and 5.20 9.90 9.30 116 3.7
SE-14-04 30.20 36.30 6.10 203 6.5
includes 31.20 32.50 1.30 860 27.7
SE-14-06 22.10 46.50 24.40 87 2.8
includes 27.57 46.50 18.93 104 3.3
includes 35.80 40.40 4.60 262 8.4
Above widths are downhole core lengths (431 meters in total was completed) and true width for the drill intercepts remains to be determined. A cut-off of 20 g/t Ag was used for all intercepts. Grades have been converted from g/metric ton to oz/metric ton; conversion to oz/short ton would result in a slightly lower number.
*Holes SE-14-02 and 2A experienced technical issues and were stopped short; only 2B was completed to the target depth.
Above widths are downhole core lengths (431 meters in total was completed) and true width for the drill intercepts remains to be determined. A cut-off of 20 g/t Ag was used for all intercepts. Grades have been converted from g/metric ton to oz/metric ton; conversion to oz/short ton would result in a slightly lower number.
*Holes SE-14-02 and 2A experienced technical issues and were stopped short; only 2B was completed to the target depth.
All holes contained intersections with elevated levels of lead and zinc ranging from anomalous to as high as 6.1% Pb and 2.1% Zn over 1.3 meters in SE-14-04.
Hole SE-14-05 was drilled to offset mineralization in holes SE-14-01 and SE-14-04 to the north. SE-14-05 was drilled at a different orientation than the other holes and cut a zone of silicification but with low silver values. More work is needed to determine the possible orientation of a mineralized body extending to the north.
Updated Maps
An updated Rodadero Project map can be viewed later today by going to the following web site URL:
http://www.garibaldiresources.com/i/maps/Rodadero/RodaderoProjectMap.pdf
A Silver Eagle map showing locations for drill holes SE-14-01 through SE-14-06, along with the updated Rodadero Project map, will be available later today in the Mexico section under "Rodadero" at GaribaldiResources.com
Surface Sampling Returns High-Grade Silver and Gold Near Silver Eagle
Distinct from the two most northern targets La Guata and Batuc at Rodadero North, a group of eight targets strike to the south, southeast and east of Silver Eagle. This cluster, which includes new targets La Tortuga, Reales and La Estrella, is situated within a 30 sq. km area forming the lower two-thirds of Rodadero North, and exhibits common mineralogical features.
Initial sampling prior to drilling at Silver Eagle consistently returned high-grade silver exclusively (see June 19, 2014 news release), whereas sampling at La Tortuga, Igualama and La Fortuna has encountered both high-grade silver and high-grade gold. Of a total of 218 samples from those areas, 24 returned silver values greater than 200 g/t while 17 returned gold values of 3 g/t or more. Assays ranged from below detection to as high as 8,000 g/t Ag and 52.6 g/t Au from selected vein and dump samples. The average values for all samples were 121 g/t Ag and 0.98 g/t Au, respectively.
Reales, immediately to the south of Silver Eagle (within 1,000 meters), gave very encouraging hyperspectral signatures and shows areas of silicification similar to those seen at Silver Eagle.
Data from Reales and other target areas are being received and interpreted, and the Company looks forward to releasing additional results in the near future. The relationships among all the targets identified so far at Rodadero North are a focus of the ongoing exploration program.
By the nature of the biases of sampling, the above sampling results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.
Cautionary Note
While Garibaldi is highly encouraged by these initial drill results and other data collected at Silver Eagle and elsewhere at Rodadero to date, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in any of the targets being delineated as a resource.
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) performed assay analyses on core reported in this release, and ALS Global (formerly ALS Chemex) performed analyses on rock samples. All samples 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. Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.
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.
For further information: Steve Regoci, President, (604) 218-4288
Please no more good news I can't stand the losses.
I have to admit though the 60 million shares outstanding is very attractive and there are people (that I mostly believe) that continue to pump their prospects both in the "Valley" and Mexico. With all this good stuff how can they still be so under the radar?
Everybody and their ugly brother is drilling in Sheslay and absolutely nobody is saying a SINGLE WORD. There seems to be a total blackout on news of any kind regarding Sheslay (at least on the ones I own). If the others were posting any good news I am sure it would have been posted by somebody. Strange isn't it?????
Gold hit 1340, the world is coming apart at the seams, and EVERYONE of my gold stocks ended in the red. I am beginning to wonder if all the goldbugs really know what they are talking about.
Garibaldi Resources Corp. (GGI, TSX-V) Update
Garibaldi Resources (GGI, TSX-V) has momentum and many other factors in its favor at the moment, and on Friday the stock hit a nearly 3-year closing high of 27 cents…this morning’s long-term GGI chart from John suggests the potential for a spectacular summer – certainly the fundamentals are lined up for that given developments on the ground in Mexico and what could unfold in the emerging world class Sheslay Cu-Au porphyry district…the Sheslay area should heat up again soon as more results start flowing in from several companies, including GGI, and activity ramps up further…
Importantly, GGI appears to be on the verge of a significant Silver discovery in Mexico, based on the most recent news (high-grade, near-surface, and potential scale at Rodadero North)…furthermore, GGI continues to exhibit the perfect combination of characteristics that are found only in a small percentage of publicly traded junior resource companies:
Superb management and geological group with focus and determination
Outstanding properties/”blue sky” potential
Proven record of success
Financial strength
Highly favorable share structure with virtually no dilution in five years
Market awareness and the ability to communicate
Yes, all of the above qualities are rarely found in a junior exploration company…these features separate the wheat from the chaff in this business, and investors who understand that point can build incredible wealth by selecting the right company…this sector is littered with junk – weak management, share structures that have been obliterated, etc. – but there are nonetheless exceptional opportunities at the moment…GGI is one of them in our view…its success on the ground is accelerating…the company has also developed a brand and is delivering on that brand…
When so many companies were running scared last year, GGI kept its feet moving forward and pounced on opportunities that have helped build shareholder value with tremendous growth potential still ahead…this company is being rewarded in the market for its forward thinking and its strategic and cost-effective use of technology to quickly and accurately pinpoint potential new discoveries…
We see an explosive third quarter unfolding for the Venture which is now undeniably in a bullish new phase…certain companies – Garibaldi being one of them – will be leaders in this environment and will significantly out-perform the market as they simply have all the right ingredients, the special characteristics described above…
Keep in mind, Garibaldi has no “cheap paper” holding it down…no significant financing has been carried out in over five years – essentially no dilution since early 2009 when GGI hit a home run and sold the Temoris option (a Silver discovery) to Paramount Gold & Silver…we see a strong possibility of more home runs for GGI in both Mexico and northwest B.C. that could translate into mind-boggling gains for investors…
Updated GGI Chart
GGI has staged a confirmed breakout above Fib. resistance at 25 cents and John outlines the next measured Fib. resistance levels to keep an eye on (those aren’t price targets, just theoretical levels based on Fib. and technical analysis)…this is a powerful-looking chart, and the bullish trend is intensifying as demonstrated by the ADX indicator…
Interestingly (this is not shown on the chart), GGI’s 1,000-day moving average (SMA) is now reversing to the upside after a decline that started in late 2008…history shows, with other stocks, that that’s a huge technical development…it’s a signal that something very big could be in store for GGI as 2014 progresses…this train is on the move and gaining speed…
I only bought Alix due to the Kalt takeover and now they are the biggest landholder in Sheslay. May not be the most promising properties but the price is certainly right. GL.
yes I did, I own shares in every company in the Sheslay Valley, it will take time but the results so far are outstanding.
The market however is not interested in copper plays right now, so any position should be considered long term, which is how you make the big money anyway.
The silver mine in Mexico is outstanding and should be a winner in the mid term. No dilution here, cash in the bank, and no one knows about it.... that is the investors trifecta
Sounds good, I am in. Be nice if you run across Alix Resources in your travels.
Garibaldi advances Silver Eagle target at Rodadero
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, June 19, 2014 /CNW/ - Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the "Company" or "Garibaldi") is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Pending additional assay results are eagerly anticipated and will be released as they become available.
Following the discovery of a 7-meter section grading 2,010 g/t Ag (65 oz/ton) in hole SE-14-01, and after encountering exceptionally hard mineralized sulphide bearing quartz rock in SE-14-02 (collared 50 meters to the south), Garibaldi contracted a commercial diamond drill rig to complete the second hole. The larger rig using HQ core is successfully penetrating the rock within the target zone at Silver Eagle and is also providing better core recovery than the company-owned diamond drill.
Mineralization at Silver Eagle consists of an apparently flat-lying silicified zone or cap of brecciated rock exposed on a hill. Mineralized structures cross this silicified zone and may form a tabular root or feeder zone to the silicification.
The Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km NW-SE trend. Garibaldi's regional exploration efforts at Rodadero featured the use of hyperspectral remote sensing technology followed by a ground program of mapping and sampling which produced highly encouraging results.
Surface sampling results from Silver Eagle, the first target to be drilled at Rodadero, ranged from anomalous to 1,840 g/t Ag. Of 171 chip samples taken in the area of the silicified cap, 44 (26%) contained 100 g/t or more Ag and 23 (13%) contained more than 300 g/t Ag. Assay results from SE-14-01 drill core demonstrated even higher grades within 30 meters from surface.
A link to drill core photos from Silver Eagle can be found on the Garibaldi homepage at www.GaribaldiResources.com.
Corporate Video
To view a recorded version of the latest GGI webinar, please visit the following URL:
http://www.garibaldiresources.com/s/Media.asp#video1
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) is performing assay analyses on all drill core from Silver Eagle, while ALS Global (formerly ALS Chemex) performed analyses on rock samples reported in this release. All rock samples were assayed using certified and industry standard assay techniques. Silver was analyzed by multi-element ICP. Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.
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 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.
Copyright 2014 Canada NewsWire
Garibaldi Resources Corp. (GGI, TSX-V) Update
After reporting bonanza grade Silver results from the very first hole at the Silver Eagle target at the Rodadero North Project in Mexico May 14, it’s likely safe to assume that an update from GGI regarding Rodadero can’t be far off…we’re optimistic regarding Rodadero given the science behind the selection of targets there, and confirmation of promising Hyperspectral signatures from surface sampling…keep in mind, it was through the use of Hyperspectral Remote Sensing Technology that allowed GGI to cash in on the Temoris option in 2009 (sold to Paramount Gold & Silver, PZG, TSX & AMEX) which has emerged as an important piece of ground for Paramount with impressive high-grade drill intercepts…
The 10-year GGI chart remains potentially very explosive with the overall bullish trend continuing to gain strength…Fib. support has held at 21 cents (immediately above the rising 50 and 100-day SMA’s which have converged at 20 cents) on the healthy pullback from the recent multi-year intra-day high of 28 cents (May 20-21)…RSI(14) at 60% on this long-term chart is following an uptrend line and has plenty of room to head higher…for various technical and fundamental reasons, it appears that GGI’s 475% move from last year’s low of 4 cents could be just the first stage of a very dramatic run if success continues in both Mexico and B.C. for this well-run company…as always, perform your own due diligence…
Although, much more good news and we will be sub penny.
Be nice to get some good news. Anyone have any idea/guess as to when progress reports of some kind will appear?
Drops over .04 cents on 20,000 shares traded. What in the world is going on??? Talk about no interest!!!
The only problem I have with these "Valley" stocks is good news is just sort of meaningless and doesn't move them at all. I cannot figure why, especially when they are so so cheap you would think they would attract at least a couple of wild speculators. I wonder if striking PURE gold would make a difference?
Still like Alix? Drilling results should start coming in by mid July (or sooner). I am excited about the next 120 days.
If you need to roll your portfolio over in hopes of making big gains then miners are not the way to go, however if you want to be a value investor and ride some stocks for one to two years without much downside then grass roots mineral plays with good drill results will give you multi-baggers year after year.
Yea they are boring, but the intrinsic value is there and you can go away for a month and not look at it every day,,,
Past plays that have worked out for me, Northern Dynasty from .20 to $7.00.. Atlas Mining from .07 to $2.40
It just takes patience
Lots of promise I am sure in the Sheslay Valley stocks, BUT TALK ABOUT BORINGGGG.
Time frame should not make much of a diff here. With the almost overpowering good news coming out about this stock the real investors should start jumping on this one big big time. Good news on gold and silver in Mexico plus the largest land holder in Sheslay valley. If any kind at all of even so-so good news comes out about a valley find of some kind hang on to your hats. IMO
Depends on your time frame, miners may be soft right now but why buy the latest overpriced lemming stock. I would much rather be invested in proven reserves in the ground than have cash in a bank, the collapse is coming, and you know it is.
If this news doesn't move this stock... you might as well just stick a fork in miners all together.
Garibaldi drills bonanza grade silver near-surface at Silver Eagle target, Rodadero
Garibaldi Resources Corp. (GM) (USOTC:GGIFF)
Intraday Stock Chart
Wednesday 14 May 2014
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, May 14, 2014 /PRNewswire/ - Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that it has intersected exceptionally high silver grades within 30 meters of surface in first-ever drilling at the Company's 45 sq. km Rodadero North Project in central Sonora State, Mexico. A second drill hole has started.
(Photo: http://photos.prnewswire.com/prnh/20140514/87437)
Highlights:
• First hole at Silver Eagle target (SE-14-01) returned 2,010 g/t Ag (65 oz/ton) over 7 meters (23.1 feet) including 3 meters (9.9 feet) grading 4,565 g/t Ag (147 oz/ton);
• A 50-meter step-out hole to the south of SE-14-01 has commenced;
• Garibaldi's exploration team has identified 7 high-priority targets in addition to Silver Eagle at Rodadero North - data compilation and regional work continues.
Steve Regoci, Garibaldi President and CEO, commented: "We're excited with these initial drill results at Rodadero where we have made very effective use of hyperspectral remote sensing technology to outline a broad area of prospective targets. Given these numbers from Rodadero, and our recent solid drill results at La Patilla, we are moving at an accelerated pace in Mexico. In northwest British Columbia, we are extremely encouraged by the near-term discovery potential of our flagship Grizzly Project that covers more than half of the Sheslay Cu-Au porphyry district mineralized corridor. Garibaldi is uniquely positioned in two friendly jurisdictions to build shareholder value."
Silver Eagle Target, Rodadero North
The first hole at Silver Eagle, drilled with Garibaldi's company-owned rig, was designed to follow up on surface sampling along a silicified zone. DDH SE-14-01 intersected a strongly mineralized 7-meter zone.
Significant assay results, DDH SE-14-01:
Hole From (m) To (m) Width (m) Ag (g/t) Ag (oz/t) Au (g/t)
SE-14-1 19.5 26.5 7.0 2,010 65 0.42
includes 21.5 24.5 3.0 4,565 147 0.94
includes 21.5 22.5 1.0 7,633 245 1.5
At the present time, the geometry of the mineralized system is not known and true width for the drill intercepts remains to be determined. The widths given are downhole core lengths. The cut-off for the 7-meter intercept is 20 g/t Ag. The hole was drilled to a length of 100 meters.
The Silver Eagle target is an apparently flat lying silicified body that alters the upper parts of a conglomerate unit that overlies andesitic volcanic rocks. The silicified body is cut by several silver-bearing fractured zones that may reflect feeders to the silicified 'cap'.
"We eagerly anticipate results from this next hole at Silver Eagle," added Regoci. "In Mexico we're also preparing for follow-up drilling at La Patilla and initial drilling at Iris. We have low exploration and drilling costs in Mexico, and these are also partly offset by continued royalty income from our pilot coal program at the Tonichi Project."
Rodadero North & Rodadero South Target Areas
The Rodadero region hosts multiple precious metal occurrences over several tens of kilometers. Garibaldi has identified seven other targets at Rodadero North - Rambo, La Guata, Batuc, La Fortuna, La Colorada, Tarichi and Igualama - through mapping, sampling and the use of the Company's proprietary hyperspectral database. To date, two targets have also been outlined at Rodadero South, where less exploration has been carried out, approximately five kilometers southeast of Rodadero North. A map showing the two project areas and targets is attached with this release and will be posted at www.GaribaldiResources.com in the Mexico "Projects" section under "Rodadero". Alamos Gold's Mulatos mine and Agnico Eagle's La India mine are approximately 90 kilometers to the southeast.
Live Webinar and Corporate Video
Garibaldi will be conducting a live investor Webinar Wednesday, May 21, beginning at 1:15 p.m. Pacific (4:15 pm Eastern) through MarketSmart Communications Inc., official investor relations for Garibaldi. Log-in instructions for this presentation can be found on the Garibaldi homepage (www.GaribaldiResources.com).
Garibaldi is also pleased to announce the release of an updated short corporate presentation (video). You can view the video by going to the following web site URL:
http://www.garibaldiresources.com/s/Media.asp#video
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) performed assay analyses on core reported in this release, and ALS Global (formerly ALS Chemex) performed analyses on rock samples. All samples were assayed using certified and industry standard assay techniques for gold and multi-element packages 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. Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.
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
One of the most important news releases for a venture company and it goes unnoticed .... too bad ... I know what is coming and have loaded up, see you in September
Garibaldi Expands Northwest B.C. Presence
Garibaldi Resources Corp.
Thursday 1 May 2014
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, May 1, 2014 /CNW/ - Recognizing the extraordinary mineral wealth potential and dynamic pace of development in northwest British Columbia, Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch to complement its flagship Grizzly Project in the prolific Sheslay Valley district.
"The rapid progress at Sheslay, combined with mining and infrastructure developments regionally, accelerated our plans to target and capture more exceptional ground within the Stikine Arch at the bottom of the market cycle,'' stated Steve Regoci, President and CEO of Garibaldi. "This gives our shareholders a very strategic leveraged opportunity for the future while we focus immediately and vigorously on unlocking the value of the Grizzly."
"Garibaldi's early bird strategy of selectively acquiring exciting key prospects exhibiting particular mineralogical features has consistently paid dividends for our shareholders," Regoci continued. "This is evidenced by the acquisition and sale of the Temoris project in Mexico, plus the acquisition, expansion and accelerating exploration of our dominant land position, the largest of any junior, within the copper-gold porphyry rich Sheslay Valley corridor. The addition of Red Lion and Mount Saint Mary to the Garibaldi property portfolio emphasizes our confidence in a vibrant and exciting future for mining in this part of the province."
Red Lion
The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold's Kemess mine and adjoins the Kiska Metals' Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.
Mount Sister Mary (MSM)
The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals' Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.
Option Terms
Both the Red Lion and the MSM properties were acquired from one vendor by way of a 4-year option agreement to purchase a 100% interest on the following terms:
$18,500 CDN and 75,000 shares within 10 days of TSX Venture approval. Garibaldi will issue 150,000 common shares in each of the first three years of the option and 500,000 shares in the fourth year. The vendor retains a 2% NSR, half of which Garibaldi may purchase at any time for $2,000,000 CDN.
Shares Issued For Hat East and Hat East 2 Claims - Sheslay Valley
Garibaldi has issued the vendor 100,000 common shares of the Company pursuant to a property purchase agreement dated January 27, 2014, between the Company and an arms-length party for the Hat East and Hat East 2 claims comprising 1,653 hectares (see Garibaldi news release January 31, 2014). The shares are subject to applicable hold periods and may not be traded until July 10, 2014.
Corporate Fact Sheet
To view the updated Fact Sheet for Garibaldi Resources, please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI-FactSheet-April2014.pdf
Qualified Person
Carl von Einsiedel, P.Geo., a non-independent geological consultant and a Qualified Person as defined by NI-43-101, 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.
Copyright 2014 Canada NewsWire
I think you are right. Ashburton Ventures is also out with great news today. These Valley stocks are sounding better and better.
I think for buy and hold that makes sense. Not if you are a trader.
IMO
Agreed, I much prefer the Venture over the OTC.
All good points. Thanks.
Your selling yourself short by not buying venture listed stocks with an American ticker. The Venture exchange holds tighter standards than the OTC, and stay on top of the venture listings with no promotions allowed and stronger oversight. The venture exchange is the home of the mining community throughout the world.
I heard back from CEO awhile ago and he said no interest in listing in the U.S.A.
Too bad, otherwise I would buy. But I don't like "foreign issue" shares. Yes, volume is an issue.
Garibaldi will reach 50 cents nevertheless.
Some news on copper today but what about the gold, that is where my interest lies (and I thought Garibaldi's as well). I would like further news as to their gold possibilities and not copper. Thing that is tough about both this one and Bayshore is there is just no interest/volume at all. Good news seems to be almost ignored due to lack of readers or believers?????
I really like Garibaldi.
Regardless of foreign issue, I need to find a way to stick thousands of shares under my pillow for a rainy day.
Everyone needs to research this play, the future potential could be enormous depending on drill results this year.
Just read news release about media campaign.
I might have to break my rule and buy this foriegn issue after all.
Buying opportunity under 0.20?
"MASSIVE"
Love it ...
Sheslay Valley Cu-Au Porphyry Play Heats Up More
Significant news this morning from Ashburton Ventures Inc. (ABR, TSX-V) which adds further support to the theory that Doubleview Capital Corp’s (DBV, TSX-V) recently announced discovery at its Hat Property may extend for a considerable distance to the east and southeast…
Besides staking additional claims, Ashburton has reported that a “large gossanous zone” has been observed, through recent flyovers, along the western edge of its Hackett Property contiguous to Doubleview’s Hat Property and within just 1,000 meters of DBV’s discovery holes…DBV’s discovery, as we showed in an updated map last week, is within a parallel trend dipping southeast that begins at least nine km to the northwest at Prosper Gold Corp’s (PGX, TSX-V) advanced Star target…several of these parallel trends appear to exist throughout the Sheslay district, extending all the way through Garibaldi Resources Corp.’s (GGI, TSX-V) massive Grizzly Property south to Teck Resources Ltd.’s (TCK, TSX) Eagle Project…
The existence of a large gossan on the western edge of the Hackett is interesting indeed, and this is also very close to the historical “Hoey” showing that appears to be on Doubleview’s ground…besides “Anomaly B”, where DBV has made its discovery, four other areas with similarly strong geophysical and geochemical characteristics, including two areas with Copper mineralization and Gold values in surface outcrops, have not been tested by drilling at the Hat…as DBV stated in its Jan. 20 news release, “The horizontal distance from mineral zones in drill hole H-6 to drill hole H-8 is almost one kilometre. Speculatively, if the newly discovered mineral zone is, as appears likely, continuous with the historic Hoey Copper-Gold zone that lies two kilometres south of the drill hole H-8 and has closely similar geologic and mineralogic characteristics, the horizontal extent may be in excess of three kilometres.” Given what Ashburton is now reporting, it’s quite conceivable that any deposit at the Hat could extend onto ABR’s Hackett Property with continued potential going east and southeast…Garibaldi‘s acquisition of the Hat East and Hat East 2 claims to add to the Grizzly (plus the staking of Grizzly strike extension claims) represents a growing understanding of this whole system…
I have mentioned Garibaldi a couple of times to my father. He likes to find companies before they make it big. He was onto Gammon when it was under a dollar and I told him to sell at $17.00 per share.
"... this deposit could rival Northern Dynasties Pebble Project"
That's big britches.
GGIFF does not need to sell so they could set the sell price anywhere they want. I just pulled a number out of my a**
I know this company and exploration stocks just fine, thank you.
Johnny Miner
P.S. I am a big fan of Garibaldi and have been for about 10 years or so ...
you do not understand exploration plays very well I think, Garibaldi owns 100 square miles of what could be the most prolific Cu-Au porphyry deposit in the world, most certainly north america, this deposit could rival Northern Dynasties Pebble Project... .75 a share would not come close to taking this company out ... $75.00 a share might, it's all up to the drill bit now...
exploration plays are a whole different animal than mining plays
Garibaldi should have been purchased for 25 cents a share while it was 5 cents
But they probably would not take less than 75 cents
Teck Resources and Prosper gold are the nearest operating mines, these guys will never open a mine, it will be joint ventured and sold off way before that... this is all about the entire Sheslay valley and the drill results coming oput of it. Doubleview has a 2 year prediction of $2.00 per share right now and the brokerage houses are all looking at the Sheslay valley
exploration plays have better price returns then miners but the risk is also higher.... it's all about the drill bit.
Where is the closest working mine?
I understand. Foreign issues do not give me the volume I like for liquid trading. I only invested in miners of metals as late. Previously, going back many years, I have invested in plenty of exploration companies. But they have been hit the hardest and the last to recover.
I finally have moved up to a couple large cap miners in VALE and GG
I have followed Garibaldi for many years and I like the company for many reasons. I was tempted to pull the trigger at 5 cents but again, I stayed away from exploration.
so what if it is a foreign issue, it has a US ticker and you can see the financials on sedar.com.
Garibaldi is setting up to be a monster, with 100 sq miles of property in the richest new discovery in BC... play it for what it is.
I wish this wasn't foreign issue. But I have not invested in exploration either. They will be the last to move.
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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
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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 $$.
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6) All IBOX requests/suggestions must be done by PM to a MOD.
7) Limit alerts to whats occuring or potential action..save the hype for somewhere else.
8) HAVE FUN AND LETS MAKE SOME $$$$.
WELCOME ABOARD!
Threw-er-Back
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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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