Garibaldi Mobilizes for Drilling at Tora Tora
Garibaldi Mobilizes for Drilling at Tora Tora
TSXV: GGI
OTC: GGIFF
Frankfurt
: RQM
VANCOUVER
,
Jan. 10, 2017
/CNW/ - 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 Company 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. properties 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 Tora 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
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.
%SEDAR: 00004262E
For further information:
GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street, Vancouver, BC, V6C 1T2, Telephone: (604) 488-8851, Website:
GaribaldiResources.com
CO: Garibaldi Resources Corp.
CNW 10:54e 10-JAN-17