Business
Garibaldi exercises option to acquire 100% interest in high-grade silver-gold target at Iskut River camp
Garibaldi exercises option to acquire 100% interest in high-grade silver-gold target at Is...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n\n\n\nGaribaldi exercises option to acquire 100% interest in high-grade silver-gold target at Iskut River camp\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nGaribaldi exercises option to acquire 100% interest in high-grade silver-gold target at Iskut River camp\nCanada NewsWire\nVANCOUVER, April 12, 2016\n\n\n\nTSXV: GGIOTC: GGIFF Frankfurt: RQM\n\n\n\nVANCOUVER, April 12, 2016 /CNW/ - Garibaldi Resources Corp. (TSX.V: GGI) (the \"Company\" or \"Garibaldi\") (the \"Company\") is pleased to announce that it has exercised its option to acquire a 100% interest in the King Property featuring high-grade silver-lead-zinc and gold-copper mineralization over several known target zones 12 km north of the Iskut River in northwest B.C.'s Golden Triangle.\n\nThe 15 sq. km King Property is proximal to several historic mines including Snip and Eskay Creek in an area that has recently benefited from dramatic advances in infrastructure with the completion of the Forrest Kerr hydroelectric project. These improvements have aided the development of Pretium Resources' Brucejack mine now under construction and Seabridge Gold's massive Kerr-Sulphurets-Mitchell deposits.\n\n295 g/t Ag & 19.4% Pb-Zn Over 6 Meters From Trenching At King\n\nLimited recent trenching and sampling carried out by Garibaldi over part of the North Zone, one of the target areas identified in the 1980's at the King, supports historic results and returned a high-grade interval in one trench that averaged 295 g/t Ag with 19.4% combined Pb-Zn over six meters across the strike of the mineralized zone.   \n\nThe South Zone is also prospective for high-grade silver-lead-zinc mineralization while the Central Zone has returned high-grade gold values from historical surface sampling at the Chubby Creek prospect. A follow-up exploration program is being prepared in order to define and prioritize preliminary drill targets. \n\nSteve Regoci, Garibaldi President and CEO, commented: \"The Iskut River gold camp remains exceptionally prospective. King is within favorable geology a...