TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, June 19, 2014 /PRNewswire/ - 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.