Business
Garibaldi program targets area near historical high-grade gold showing at Grizzly South
Garibaldi program targets area near historical high-grade gold showing at Grizzly South ...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n\n\n\nGaribaldi program targets area near historical high-grade gold showing at Grizzly South\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 program targets area near historical high-grade gold showing at Grizzly South\nCanada NewsWire\nVANCOUVER, Feb. 24, 2016\n\n\n\nTSXV: GGI OTC: GGIFF Frankfurt: RQM\n\n\n\nVANCOUVER, Feb. 24, 2016 /CNW/ - Garibaldi Resources is pleased to report that its newly-acquired Golden Bear claims, approximately 7 km southeast of the recently drilled Ultra 1 Zone discovery at Grizzly Central in the prolific Sheslay District, show evidence of gold-enriched structural zones broadly associated with highly anomalous copper geochemical anomalies.  \n\nThe 14 sq. km claim package acquired last year forms the Grizzly South regional target area and includes the historical Wolverine high-grade gold showing (ARIS 20945), a gold-rich 8-meter massive sulfide vein along the northern boundary, discovered during construction of the Golden Bear mine road in the late 1980's.  \n\nGaribaldi's field program has identified new overlapping gold and copper-in-soil anomalies and expanded historical ones that measured at least 1.1 km in length and 700 meters in width over both the northwest and southern sections of the claims.\n\nA high priority target is the northwest area, approximately 1.2 km southwest of the Wolverine showing, where anomalous gold-in-soil (up to 1.1 g/t Au) sampled by Garibaldi crews is located within a broad north-south trending structural zone.  Identifying the source of highly elevated gold-in-soil for a potential drill target will be the focus of upcoming work.  \n\nHistorically, various operators invested significant exploration dollars on geological, geochemical and geophysical surveys for the Golden Bear claims without ever drill testing any of the anomalous areas which Garibaldi will now follow up on.\n\nSteve Regoci, Garibaldi President and CEO, stated:  \"With seven regional centers covering 300 sq. km at Grizzly, we're building a big pipeline of high value tar...