I’m told Garibaldi Resources Corp. geologists have been busy throughout the Mexican rainy season, and look forward to the end of the wet period in Mexico (that wash out many of the roads). Management has been preparing for results from ongoing programs that are expected to include decisions to test drill targets.

Garibaldi Resources Corp.’s methodical scientific target selection program is based on the results of the company’s fixed wing hyperspectral air survey. The survey utilized cutting edge remote sensing technology developed by NASA, over the company’s vast 2000 sq. kms of strategic land concessions in Mexico’s Sierra Madres. (See the company’s website at www.garibaldiresources.com)

The importance of Garibaldi’s strategy was evident in the company’s first transaction in Mexico in 2009 with the successful sale of its option on the Temoris concessions to Paramount Gold and silver for USD $400,000 and 6 million shares of Paramount Gold and Silver (SP of $1.64 on 9/8/10). (SEE BELOW)

Since Garibaldi’s last update on June 6, 2010, the company has refurbished the company owned NQ diamond drill with a more powerful diesel engine. Updated reports for Projects at Tonichi are as follows:

-The results of an expanded trenching program at Locust are being evaluated by company geologists. Coincident with the end of September and the rainy season, the decision will be made to either complete an Induced Polarization survey or to test drill the target.

-Further trenching is required at Rembles after the rains subside and roads are open.

-A grid soil sampling program is expected to expand over anomalous soil samples of up to 500 ppb au at Target 10, a 6 km x 3 km intense hematite argillite hyperspectral anomaly. Garibaldi is hopeful these reported results can generate targets of sufficient scale to justify follow up trenching as they become available.

Garibaldi is following up on a multitude of target areas at Tonichi beyond those designated as projects.

Also, at Tonichi, the Comision Federal Electricidad (CFE) an agency of the Federal Government of Mexico was given permission to drill for coal on Garibaldi’s concession at no cost to Garibaldi. A preliminary report in Spanish, on three holes drilled on Garibaldi’s ground is being interpreted into English and Garibaldi has been informed that CFE expects to drill an additional 20 drill holes in the area (There’s no indications yet whether any of these will be drilled on Garibaldi’s property). If additional holes are confirmed on Garibaldi ground, the company expects to hire a coal consultant to advise the company.

Garibaldi expects a final report this month, on its Morelos concession in Chihuahua state from Alain Charest, who discovered Goldcorp’s *El Sauzal mine 25km Northwest of Morelos. Alain Charest sits on Garibaldi’s advisory board along with Peter Megaw the author of the NI 43-101 qualifying report on Morelos. Garibaldi anticipates updating shareholders on the report’s conclusions and recommendations.

Rodadero should be the next priority concession, as the hyperspectral analysis continues to generate targets for follow up on this huge 50,000 hectare concession to the north of Tonichi. The company expects to expand its exploration team for the first time since the downturn in 2009 as the number of hyperspectral targets increases and the pipeline of projects develop.

Garibaldi management has been successful in recovering more than 50% of the cost of the hyperspectral survey as Gammon Gold has joined Agnico-Eagle, Coeur d’Alene and Paramount in purchasing Garibaldi’s proprietary hyperspectral data. The company’s vast land holdings have just now reached a stage of development whereby the most advanced projects are near drill ready and a positive result can generate further interest to other companies and speculators."

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*El Sauzal Mine: a conventional open pit operation with gold recovery through a carbon-in-leach (CIL) circuit, began production in December 2004. In March 2008 the El Sauzal Mine became the first gold mining operation in Mexico to attain certification under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold. Produced 203,000 oz in 2009 at $201 US/oz (average mill head grade of 3.17 g/t and 94% recovery)