Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that exploration carried out by the Company has returned strong gold values from channel sampling at itsrecently acquired La Patilla Property, and a drill program is ready to begin.
These results include separate sample intervals grading 28.4 g/t Au over 1.3 meters, 7.5 g/t Au over 6.4 m, 6.2 g/t Au over 3.3 m, and 5.8 g/t Au over 7.9 m at the Murcielago breccia, and 13.5 g/t Au over 1.3 m at the La Patilla vein system contiguous to the southeast (sample widths are estimated true widths).
With its company-owned rig assigned to the Tonichi Project, Garibaldi has contracted a Sinaloa based drilling company for a first-ever diamond drilling program at La Patilla commencing immediately. Drilling at La Patilla will focus on the Murcielago and La Patilla low sulfidation epithermal structures, testing the continuity of mineralization at shallow depths and along strike. To date, highly encouraging surface mineralization has been outlined over a combined strike length of 225 meters and remains open in all directions. The host rocks are silicified rhyolite tuffs underlain by andesite. Property maps showing location, geology, sampling areas with full results, and proposed drill hole locations are available on the Garibaldi web site .
La Patilla is located in the municipality of El Rosario in Sinaloa State, Mexico, and was acquired by Garibaldi as a potential near-term exploitation project. Several gold-bearing quartz veins and/or breccia bodies at La Patilla have drawn interest from artisanal miners for many years. The property features easy access, relatively flat terrain at low elevations, and is surrounded by excellent infrastructure in an established mining district. Garibaldi has also negotiated a long-term agreement with the local community to allow for any potential future metal extraction on the property by the Company.
Importantly, the recent extensive geological mapping, channel and rock sampling completed by Garibaldi at La Patilla has independently validated data compiled since 2010 through surface exploration by ProDeMin, the private Mexican company Garibaldi acquired the property from earlier this year. Garibaldi's work has also identified additional targets throughout the 100-hectare property that warrant further investigation.
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 of Mexico and British Columbia.
