VANCOUVER, Nov. 26, 2014 /PRNewswire/ - Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that high-grade silver mineralization has been confirmed through assays from channel sampling 150 meters north of Silver Eagle discovery hole SE-14-01 at the Rodadero North Project in central Sonora State, Mexico. This area will be drill-tested beginning later this week in an attempt to expand the Silver Eagle system in a northerly direction.
All drill holes completed to date at Silver Eagle, with the exception of SE-14-05, have been to the south of SE-14-01 where mineralization remains open and has been traced for an additional 3 km south beyond the Reales target in sampling of surface outcrops and small underground workings. The Company eagerly anticipates receiving the next batch of assay results (drill holes SE-14-07 through SE-14-12) during the first half of December.
Silver Eagle is the westernmost of 11 target areas defined over more than 45 sq. km at Rodadero North where mineralization transitions from primarily high-grade silver at Silver Eagle, discovered through sampling and shallow drilling, to high-grade gold, silver and base metals trending eastward. A drill plan map for the Tarichi target, 2.5 km southeast of Silver Eagle, is now available at GaribaldiResources.com.
Channel Samples Return Up To 881 g/t Ag
Two immediate drill holes will test for continuity of mineralization to depths of less than 100 meters at the new surface discovery north of SE-14-01. All five channel samples from a shallow pit returned significant silver grades - 881 g/t (28.3 oz/tonne), 771 g/t, 763 g/t, 452 g/t and 87 g/t. Widths ranged from 1.4 to 1.9 meters. The average grade was 604 g/t Ag over an average width of 1.6 meters.
Steve Regoci, President and CEO of Garibaldi, commented: "Given results generated to date by drilling, sampling and our hyperspectral technology, and the fact that this project is situated in the heart of a prolific mining region, we're extremely excited with what we see at Rodadero as the emergence of a new mineral camp in central Sonora State."
By the nature of the biases of sampling, the above results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.
Mineralization at Silver Eagle is hosted in silicified conglomerate and overlying andesitic volcanic rocks along a north-northwest trending structural zone. Mineralization also appears to be associated with the stratigraphy of the conglomerate.
Rodadero North Video
To view a 2-minute Garibaldi video on the Rodadero discovery, please visit the homepage of GaribaldiResources.com or the following URL:
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) has performed assay analyses on Rodadero North drill core and some of the rock samples, while ALS Global (formerly ALS Chemex) has also performed some analyses on rock samples. All samples reported in this release were assayed using certified and industry standard assay techniques for gold, and multi-element packages for other elements and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP.
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 content thereof.
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.