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Garibaldi advances Silver Eagle target at Rodadero
TSXV: GGI OTC: GGIFF Frankfurt : RQM VANCOUVER , June 19, 2014 /CNW/ - Further to its...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n\nTSXV: GGIOTC: GGIFF Frankfurt: RQM\n\n\n\nVANCOUVER, June 19, 2014 /CNW/ - Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the \"Company\" or \"Garibaldi\") is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure.  Pending additional assay results are eagerly anticipated and will be released as they become available.\n\nFollowing the discovery of a 7-meter section grading 2,010 g/t Ag (65 oz/ton) in hole SE-14-01, and after encountering exceptionally hard mineralized sulphide bearing quartz rock in SE-14-02 (collared 50 meters to the south),  Garibaldi contracted a commercial diamond drill rig to complete the second hole. The larger rig using HQ core is successfully penetrating the rock within the target zone at Silver Eagle and is also providing better core recovery than the company-owned diamond drill.  \n\nMineralization at Silver Eagle consists of an apparently flat-lying silicified zone or cap of brecciated rock exposed on a hill.  Mineralized structures cross this silicified zone and may form a tabular root or feeder zone to the silicification.\n\nThe Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km NW-SE trend. Garibaldi's regional exploration efforts at Rodadero featured the use of hyperspectral remote sensing technology followed by a ground program of mapping and sampling which produced highly encouraging results.  \n\nSurface sampling results from Silver Eagle, the first target to be drilled at Rodadero, ranged from anomalous to 1,840 g/t Ag.  Of 171 chip samples taken in the area of the silicified cap, 44 (26%) contained 100 g/t or more Ag and 23 (13%) contained more than 300 g/t Ag. Assay results from SE-14-01 drill core demonstrated even higher grades within 30 meters from surface.\n\nA link to drill core photos from Silver Eagle can be found on the Garibaldi homepage at www.GaribaldiResources.com.  \n\nCorporate Video \n\nTo view a recorded version of the latest GGI webinar, please visit the following URL:\n\nhttp://www.garibaldiresources.com/s/Media.asp#video1\n\nQuality Assurance & Control\n\nGaribaldi maintains ...