Garibaldi Completes State of the Art Fixed Wing Hyperspectral (Alteration) Mapping Survey in Mexico’s Sierra Madre
VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 19, 2008) – Garibaldi Resources Corp. (the “Company”) (TSX VENTURE:GGI), is pleased to announce that it has successfully completed one of the largest fixed wing hyperspectral surveys ever launched in the Sierra Madre. The objectives of the survey were to define the alteration signature of epithermal style gold and silver deposits that characterize the most recent discoveries in Mexico and to complete a detailed assessment of the Company’s eight district scale exploration projects.
The Company has built strategic partnerships with MacDonald Dettwiler and Associates (TSX:MDA), HyVista Corporation Pty Ltd. and several U.S. and Canadian based consultants and management is expecting preliminary results of the hyperspectral survey to be available within the next few weeks. Satellite Aster-Swir imaging initially identified Garibaldi’s El Indio target at Morelos in southwest Chihuahua State. New soil geochemical results have defined a 100 to 200 meter wide zone of elevated gold, silver and base metal values that extends for more than 1200 meters to the southeast of the previously defined limits. Geochemical data combined with hyperspectral results will be used by Company geologists in targeting the next series of drill holes at El Indio. The program at El Indio will be carried out with the Company owned NQ diamond drill.
About Garibaldi: Garibaldi Resources Corp. is a next-generation exploration company utilizing newly emerging technology to generate acquisition targets in large under explored historic mining districts in Mexico’s Sierra Madres that exhibit evidence of hydrothermal alteration typical of recently discovered epithermal style deposits.
About Macdonald Dettwiler: MacDonald Dettwiler and Associates Ltd. (“MDA”) of Richmond, B.C. (www.mdacorporation.com) provides advanced information solutions that capture and process vast amounts of data, produce essential information and improve the decision making and operational performance of business and government organizations worldwide. MDA is the developer of the Space Shuttle’s Canadarm and most recently was instrumental in developing technology for NASA’s Phoenix Mission to Mars.
GARIBALDI RESOURCES CORP.
Steve Regoci, President
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