22:51:02 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Garibaldi Resources Corp
Symbol GGI
Shares Issued 72,990,458
Close 2017-01-10 C$ 0.135
Market Cap C$ 9,853,712
Recent Sedar Documents

ORIGINAL: Garibaldi moves crew for Tora Tora diamond drilling

2017-01-10 11:32 ET - News Release

Received by email:

File: GGI Jan 10 NR FINAL PDF version.pdf

                       GARIBALDI RESOURCES CORP.
                                            1150 - 409 Granville Street
                                             Vancouver, BC V6C 1T2
                            Telephone: (604) 488-8851 Website: GaribaldiResources.com
January 10, 2017                                                                                         TSXV: GGI
                                                                                                          OTC: GGIFF
                                                                                                       Frankfurt: RQM


        GARIBALDI MOBILIZES FOR DRILLING AT TORA TORA

Vancouver, British Columbia, January 10, 2017   Further to its December 30, 2016, news release, Garibaldi
Resources Corp. (TSX:GGI) (the "Company" or "Garibaldi") is pleased to report that crews have mobilized for
immediate diamond drilling at the Company's 100%-owned Tora Tora copper-gold-silver-PGE prospect 15 miles north
of the Copper Mountain mine near Princeton, B.C.
Steve Regoci, Garibaldi President and CEO, stated: "This is the start of a very active and pivotal year for the Compan
--->y
in both British Columbia and Mexico as we ramp up at several projects, led by our flagship E&L Ni-Cu-PGE-Au-Co
deposit in the heart of northwest B.C.'s Golden Triangle. Tora Tora is one of our promising early-stage B.C. propertie
--->s
and is situated within a productive mineral belt surrounded by excellent infrastructure.
"Initial diamond drilling should capture important new data and quickly move Tora Tora up the valuation curve,"
Regoci continued. "Coincident geophysical and geochemical targets will be tested with a few widely-spaced drill holes
in this first phase."
Limited historical drilling about 25 years ago intersected highly anomalous gold and platinum values in one hole at To
--->ra
Tora, according to MINFILE #092HNE170, and Garibaldi is planning to twin that hole in an attempt to verify those
results.
Garibaldi has patiently and cost effectively addressed the challenges of advancing the 27 sq. km Tora Tora Property by
applying modern high resolution aeromagnetic & radiometric geophysics to associate a magnetic anomaly with
underlying areas of geochemical response. Outcrop exposure is limited.
High Power Exploration (HPX), a private mineral company indirectly controlled by Robert Friedland, owns a 75 sq.
km claim package attached to the western boundary of Tora Tora while Sego Resources is advancing its Miner
Mountain Project contiguous to the east of Garibaldi's property.
Corporate Fact Sheet
To view the latest corporate Fact Sheet for Garibaldi Resources, please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI-Fact-Sheet-December-2016.pdf
Qualified Person
Mr. John Buckle, P.Geo., P.Geoph., a Qualified Person as defined by NI 43-101, has reviewed and approved the
scientific and technical disclosure in this news release.
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 Mexic
--->o
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.
 


© 2024 Canjex Publishing Ltd. All rights reserved.