Garibaldi wins Obispo concession at Sonora Lottery
VANCOUVER, Feb. 2, 2012 /PRNewswire/ – Garibaldi Resources Corp. (TSXV: GGI) (the “Company”) is pleased to announce that it has received final title
documents for the Obispo concession from the Mexican Ministry of Mines.
The Company’s wholly-owned subsidiary Minera Pender S.A. de C.V. was
awarded a 100% interest in 4620 hectares (46 square kilometres) of
strategic mineral claims at the government lottery held on September
29, 2011. The Obispo concession is contiguous to Garibaldi’s existing
holdings and adds to the company’s dominant land position at its
district scale Tonichi Property (see attached map) 160 kilometres
southeast of Hermosillo, Sonora State, Mexico.
Garibaldi’s Tonichi concessions now cover 51,412 hectares and host a
multitude of mineral prospects within broad zones of intense alteration
over many square kilometres. These target areas are being explored for
potential drill targets in addition to the Locust gold in soil anomaly
which is presently being test drilled with the Company-owned NQ/BQ
diamond drill at Tonichi north (see news release dated November 29,
2011). Mineralization in the area is prospective for large bulk tonnage
gold and copper deposits.
About Garibaldi Resources
Garibaldi Resources Corp. is a Canadian junior mining company utilizing
the most sophisticated remote sensing technology in the world to
explore for new gold silver and base metal deposits in the central and
northern parts of Mexico’s prolific Sierra Madre. The Company controls
seven district scale projects covering more than 2,500 square
kilometres of strategically located concessions close to some of the
most robust gold and silver mining projects ever discovered in Mexico
including El Sauzal, Mulatos and Ocampo.
We seek safe harbour.
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
SOURCE Garibaldi Resources Corporation
Image with caption: “Garobaldi’s Obispo Claim. (CNW Group/Garibaldi Resources Corporation)”. Image available at: http://photos.newswire.ca/images/download/20120202_C8683_PHOTO_EN_9531.jpg