Mr. Steve Regoci reports
GARIBALDI RESOURCES CORP. APPROVES SHAREHOLDERS RIGHTS PLAN,
ADDS KEY TONICHI CLAIMS IN SONORA
Garibaldi Resources Corp. shareholders have voted in favour of the company's adoption of a shareholder rights plan (see news release dated Nov. 16, 2012), ratified at the company's annual general and special meeting held on Dec. 14, 2012.
Shareholders also approved the election of Steve Regoci, Barrie Di Castri, Rafael Hinojosa, Craig Gibson, Greg Burnett and Brent Petterson to the board of directors, the appointment of auditor for the company, the approval of the company's stock option plan, and approval of a special resolution to amend the company's bylaws to implement an advanced notice policy bylaw. For particulars, please refer to the company's management information circular, which can be found under the company's disclosure at SEDAR.
Garibaldi Resources is also pleased to announce that it has acquired a 100-per-cent interest in a 460-hectare concession, referred to as the Pender concession, won in the Mexican Ministry of Mines lottery on June 25, 2012, and has staked a further 306-hectare contiguous concession, referred to as the Pender 1 concession, all at its Tonichi (47,000 hectares) project in Sonora state, Mexico.
The Pender claims are located in a district prospective for copper, gold and molybdenum and adjoin Garibaldi's Tonichi South concessions along its northwest flank, approximately four kilometres southeast of the Cuatro Hermanos copper/molybdenum deposit (900 million pounds copper indicated/2.1 billion pounds copper inferred (as published by Virgin Metals Inc. on its website)) bordered by Garibaldi's concessions, which surround it. The Pender claims cover a significant zone of alteration with a spectral signature similar to that evident at Cuatro Hermanos and expands the Tonichi South concessions to the west.
Garibaldi's geologists will commence a detailed mapping and sampling program on the Pender claims in 2013.
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