Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that it has expanded the size of its Grizzly Property in the Sheslay
Valley of northwestern British Columbia by nearly 50% to 262 sq. km through staking and the acquisition of the Hat East and Hat East 2 claims.
At the recommendation of its geological team, Garibaldi has staked 6,609 hectares contiguous to the eastern flank of the Grizzly to cover projected
extensions of known mineral occurrences over a wide corridor coincident with magnetic anomalies, trending SE/NW for at least 15 km.
Based on work completed to date, compilation of regional data and nearby drilling results, Garibaldi considers the Grizzly, located in the heart of the Sheslay Valley within the prolific Stikine Arch, to be an exceptional opportunity in an emerging copper-gold porphyry mining camp with world class s geologists continue to review data as they finalize plans for an aggressive 2014 exploration season at the Grizzly ever drill program.
Garibaldi is pleased to announce the acquisition of the Hat East and Hat East 2 claims comprising approximately 1,653 hectares adjacent to the Grizzly and just
over 1 km east of the recently announced discovery by Doubleview Capital Corp. at its Hat Property (see Doubleview news release January 20, 2014). The claims are considered highly prospective for copper-gold porphyry mineralization and will now form part of the Grizzly Property. The s Hat Property.
Under the terms of the arms-length agreement for the Hat East and Hat East 2 claims, Garibaldi will issue 100,000 shares in exchange for a 100% interest
subject only to a 2% NSR in favor of the vendor, half of which Garibaldi can buy back for $1 million.
With more than 26,000 hectares, Garibaldi holds the largest land position among s Eagle Property, contiguous to the southern border of the Grizzly, totals approximately 60,000 hectares.
An updated Sheslay Valley regional map is available on the Garibaldi web site