Creating shareholder value through discoveries and strategic development
The company is currently focused on advancing its Rodadero and La Patilla Projects where drilling has intersected high-grade values near-surface in Mexico.
Message: Garibaldi Update for 2010 and Beyond
Client Update – Garibaldi Resources Corp Outlook for 2010 and Beyond
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July 05, 2010 05:30 PM
Garibaldi Resources Corp. is continuing to advance it’s exploration strategy on all fronts
in Mexico. Over the past two years, the Company’s has managed to execute a very methodical, scientific target selection program for follow up exploration on it’s vast 2000 sq. km. Sierra Madre land holdings covering six district scale concession areas in Sonora, Chihuahua and Durango.
The Company’s exploration methods rely heavily on newly emerging, cutting edge remote sensing Technology that has become commercially available and cost effective on this scale of application and is based on NASA developed Technology.* Garibaldi Resources Corp, is the first junior resources exploration company to fly a fixed wing Hyperspectral airborne survey in Mexico.
Ongoing analysis of the survey results continue to generate multiple anomalous target areas based on comparative alteration signatures associated with known deposits in the local mining districts. These areas of interest are then followed up with standard ground exploration methods including stream, soil and rock sampling leading up to trenching, geophysics and drilling.
Garibaldi owns an NQ diamond drill with which to selectively test targets, ahead of large scale drilling contract commitments and also owns a GEM GSM-35P potassium Magnetometer system. These tools are part of Garibaldi’s Rapid Assessment Protocol. This is a systematic process of target advancement or elimination to accelerate the front end of the exploration curve over such a large land position and in the process saving shareholders significant exploration dollars.
As reported in Garibaldi’s June 2, 2010 (update news release available at www.garibaldiresources.com) the Company programs include the following:
- An expanded trenching program continues at Tonichi over the Locust gold in soil anomaly. Interpretation of results by the Company’s geologists should determine whether the next step is an Induced Polarization Geophysics program or drilling.
- Garibaldi personnel have completed a ground magnetometer survey over the Rembles target at Tonichi between the main zone and a highly anomalous silver target 600 meters to the south west. Combined with additional surface sampling,* results should determine whether further test drilling will be warranted at Rembles.
- A grid soil sampling program has begun at target 10, a 6 km x 3 km intense hematite-argillite alteration hyperspectral anomaly 15 km due west of Locust at Tonichi.
As reported in Garibaldi’s August 20, 2009 news release, The Company granted permission to the Comision Federal Electricidad (CFE) an agency of the Federal Government of Mexico, at no cost to Garibaldi, to carry out a limited exploratory drilling program on the Company’s Tonichi concession in Sonora State designed to evaluate and test the potential for coal.* Three target areas were drilled by CFE on Garibaldi’s property and a preliminary report is expected shortly.
The above programs are all on a single 48,000 hectare concession at Tonichi in Sonora State. The evaluation of anomalous target areas is now being organized over Garibaldi’s other district scale concessions at Badessi, Rodadero, Iris and Sianori. Collectively these concessions have generated a multitude of targets for follow up.
Additionally, Alain Charest who discovered Glamis’s El Sauzal mine and sits on Garibaldi’s advisory board (with Peter Megaw, author of the NI 43-101 on Morelos) is completing an exploration evaluation report on Garibaldi’s Morelos project in Chihuahua State based on field work that he began at the end of January, 2010.
Throughout 2010, Garibaldi should explore, advance or eliminate and develop target areas to generate a pipeline of projects over time and the Company expects to have multiple projects at different stages of exploration at any given time, from stream and soil surveys to geophysics, to trenching and/or drilling ahead of Joint Venturing or selling its interest.
This is in line with the company’s original generative model and strategy and since the company has already sold the Temoris project to Paramount Gold and Silver for $400,000 USD and 6,000,000 shares of Paramount, Garibaldi is ahead of schedule and anticipates far more activity in 2010, not only on the ground but also on the deal front as it attempts to add value for it’s shareholders.
July 05, 2010 05:30 PM
Garibaldi Resources Corp. is continuing to advance it’s exploration strategy on all fronts
in Mexico. Over the past two years, the Company’s has managed to execute a very methodical, scientific target selection program for follow up exploration on it’s vast 2000 sq. km. Sierra Madre land holdings covering six district scale concession areas in Sonora, Chihuahua and Durango.
The Company’s exploration methods rely heavily on newly emerging, cutting edge remote sensing Technology that has become commercially available and cost effective on this scale of application and is based on NASA developed Technology.* Garibaldi Resources Corp, is the first junior resources exploration company to fly a fixed wing Hyperspectral airborne survey in Mexico.
Ongoing analysis of the survey results continue to generate multiple anomalous target areas based on comparative alteration signatures associated with known deposits in the local mining districts. These areas of interest are then followed up with standard ground exploration methods including stream, soil and rock sampling leading up to trenching, geophysics and drilling.
Garibaldi owns an NQ diamond drill with which to selectively test targets, ahead of large scale drilling contract commitments and also owns a GEM GSM-35P potassium Magnetometer system. These tools are part of Garibaldi’s Rapid Assessment Protocol. This is a systematic process of target advancement or elimination to accelerate the front end of the exploration curve over such a large land position and in the process saving shareholders significant exploration dollars.
As reported in Garibaldi’s June 2, 2010 (update news release available at www.garibaldiresources.com) the Company programs include the following:
- An expanded trenching program continues at Tonichi over the Locust gold in soil anomaly. Interpretation of results by the Company’s geologists should determine whether the next step is an Induced Polarization Geophysics program or drilling.
- Garibaldi personnel have completed a ground magnetometer survey over the Rembles target at Tonichi between the main zone and a highly anomalous silver target 600 meters to the south west. Combined with additional surface sampling,* results should determine whether further test drilling will be warranted at Rembles.
- A grid soil sampling program has begun at target 10, a 6 km x 3 km intense hematite-argillite alteration hyperspectral anomaly 15 km due west of Locust at Tonichi.
As reported in Garibaldi’s August 20, 2009 news release, The Company granted permission to the Comision Federal Electricidad (CFE) an agency of the Federal Government of Mexico, at no cost to Garibaldi, to carry out a limited exploratory drilling program on the Company’s Tonichi concession in Sonora State designed to evaluate and test the potential for coal.* Three target areas were drilled by CFE on Garibaldi’s property and a preliminary report is expected shortly.
The above programs are all on a single 48,000 hectare concession at Tonichi in Sonora State. The evaluation of anomalous target areas is now being organized over Garibaldi’s other district scale concessions at Badessi, Rodadero, Iris and Sianori. Collectively these concessions have generated a multitude of targets for follow up.
Additionally, Alain Charest who discovered Glamis’s El Sauzal mine and sits on Garibaldi’s advisory board (with Peter Megaw, author of the NI 43-101 on Morelos) is completing an exploration evaluation report on Garibaldi’s Morelos project in Chihuahua State based on field work that he began at the end of January, 2010.
Throughout 2010, Garibaldi should explore, advance or eliminate and develop target areas to generate a pipeline of projects over time and the Company expects to have multiple projects at different stages of exploration at any given time, from stream and soil surveys to geophysics, to trenching and/or drilling ahead of Joint Venturing or selling its interest.
This is in line with the company’s original generative model and strategy and since the company has already sold the Temoris project to Paramount Gold and Silver for $400,000 USD and 6,000,000 shares of Paramount, Garibaldi is ahead of schedule and anticipates far more activity in 2010, not only on the ground but also on the deal front as it attempts to add value for it’s shareholders.
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