Garibaldi drills in Mexico, starts Phase I program at Grizzly Property

About this update from Garibaldi Resources Corp.

[{"type":"text","content":"\n\n\n\nTSXV: GGI\nFrankfurt: RQM\n\n\nVANCOUVER, Sept. 26, 2013 /CNW/ - Garibaldi Resources Corp. (TSX.V: GGI)\n (the \"Company\" or \"Garibaldi\"), active year-round with projects in\n Mexico and British Columbia, is pleased to provide the following\n exploration and corporate update.\n\n\nHighlights:\n\n\n\nMexico: Six new holes drilled at gold-copper target, assays pending\n\n\nMexico: Pilot program at Tonichi generating royalty income\n\n\nBritish Columbia: Garibaldi attacks the Grizzly\n\n\n\n\n\n\nMexico \n\n\nGaribaldi has just completed six additional drill holes (LCT-13-11\n through LCT-13-16) totalling 987 meters at the Locust target in Sonora\n State where a broad envelope of gold and copper mineralization is being\n tested at shallow depths.  Results are expected in the near future. \n Locust  covers 1,200 hectares within the 47,000-hecatre Tonichi land\n package, one of three 100% owned district-scale projects Garibaldi is\n advancing in some of the most robust gold, silver and copper producing\n regions of Mexico. Additional drilling is planned during the upcoming\n fourth quarter.\n\n\nGaribaldi is also pleased to report that it's conducting a pilot program\n with a private arms-length Mexican company to exploit near-surface coal\n seams over certain areas of Tonichi. This is at no cost to Garibaldi,\n and since commencing the program in February 2013 the Company has\n received royalties  totaling 701,000 pesos ($56,000 USD). Garibaldi is\n very satisfied with the early results of this ongoing initiative and is\n exploring ways to maximize the value of this asset for shareholders.\n Sonora coal districts are also favourable exploration targets for\n microcrystalline graphite deposits, and random graphite surface samples\n from a zone at Tonichi, prospected by a Garibaldi geologist, have been\n sent to a lab for analysis.\n\n\nGrizzly Property - Northwest British Columbia\n\n\nGaribaldi has just completed, through Precision GeoSurveys Inc., a high\n resolution heli-borne aeromagnetic and radiometric survey over \"Grizzly\n West\", a priority target area within the northwest portion of its 175\n sq. km Grizzly Property (100% owned, see updated maps at www.GaribaldiResources.com).  Results are expected shortly and will guide the next phase of\n exploration in the weeks ahead. ...

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