TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, April 9, 2015 /PRNewswire/ - Garibaldi Resources
Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to
report that a diamond drill rig has been mobilized to begin a
follow-up program at a high-grade gold zone discovered last year at
the La Patilla Property in Sinaloa,
Mexico.
The final hole of 2014 drilling at the main zone at La Patilla,
LP-14, intersected 10.4 g/t Au over 8.5 meters within a broader
30-meter interval grading 3.1 g/t Au at a depth between 11 and 41
meters.
Immediate objectives of this program are as follows:
- To offset drill intercepts in the area of LP-14 and test for
continuity of the high-grade structure along strike;
- To test for depth extensions to the mineralized structures
identified in the previous program;
- To test the potential of the La Patilla vein system along
strike.
Meanwhile, Garibaldi crews continue to stockpile mineralized
material at La Patilla for an initial mill feed test at Gainey
Capital's processing facility approximately 40 miles to the
southeast.
Steve Regoci, Garibaldi President
and CEO, commented: "From Rodadero to La Patilla we continue
moving forward on all fronts in Mexico. The La Patilla gold project has a very
opportunistic profile with shallow drill targets and potential for
near-term exploitation, so we look forward to building shareholder
value as we advance these initiatives. In addition, invaluable
exploration protocols gained in Mexico will complement the 2015 launch, now
underway, of our fully-funded B.C. projects led by the Grizzly in
the prolific Sheslay district."
Corporate Fact Sheet
To view the updated corporate Fact Sheet for Garibaldi
Resources, please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI_Factsheet.pdf
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 contents 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.