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Last C$0.10 CAD
Change Today 0.00 / 0.00%
Volume 10.0K
GGI On Other Exchanges
As of 9:43 AM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

garibaldi resources corp (GGI) Snapshot

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52 Week High
07/10/14 - C$0.33
52 Week Low
05/19/15 - C$0.09
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garibaldi resources corp (GGI) Details

Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. The company explores for gold, silver, and base metal deposits. It primarily holds 100% interests in the Grizzly property covering approximately 26,000 hectares located in the Sheslay Valley district in north western British Columbia. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

Founded in 1993

garibaldi resources corp (GGI) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$144.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: C$144.0K
Compensation as of Fiscal Year 2014.

garibaldi resources corp (GGI) Key Developments

Garibaldi Resources Corp. Accepts Resignation of Brent Petterson from the Board of Directors

Garibaldi Resources Corp. has accepted the resignation of Brent Petterson from the board of directors. Mr. Petterson will continue to provide accounting services on a consulting basis for Garibaldi and the entire board wishes to thank him for his contribution to the Company.

Garibaldi Resources Corp. to Drill High-Grade Zone at La Patilla

Garibaldi Resources Corp. reported that a diamond drill rig has been mobilized to begin a follow-up program at a high-grade gold zone discovered last year at the La Patilla Property in Sinaloa, Mexico. The final hole of 2014 drilling at the main zone at La Patilla, LP-14, intersected 10.4 g/t Au over 8.5 meters within a broader 30-meter interval grading 3.1 g/t Au at a depth between 11 and 41 meters. Immediate objectives of this program are as follows: To offset drill intercepts in the area of LP-14 and test for continuity of the high-grade structure along strike; to test for depth extensions to the mineralized structures identified in the previous program; and to test the potential of the La Patilla vein system along strike. Garibaldi crews continue to stockpile mineralized material at La Patilla for an initial mill feed test at Gainey Capital's processing facility approximately 40 miles to the southeast.

Garibaldi Resources Corp. Drills into Bonanza Grades on 150-Meter Step-Out from Silver Eagle Discovery Hole

Garibaldi Resources Corp. reported that a combination of ongoing Phase 2 drilling and surface exploration continues to expand the scale of the Rodadero Silver-Gold Project in Sonora State, Mexico, with multiple high-grade drill intercepts, two linked targets and new target areas. As the Phase 2 drill program continues, the latest highlights include: SE-14-15, collared 150 meters north of Silver Eagle discovery hole SE-14-01 (the furthest step-out to date), has returned a shallow exceptional intercept of 1,307 g/t Ag (42 oz/ton) over 1.5 meters within a broader interval of 6 meters (19.8 feet) grading 346 g/t Ag (11.1 oz/ton); The Silver Eagle discovery is now confirmed to be structurally linked with the adjoining Reales target to the south to form the newly-named "SR High-Grade Zone" with a potential strike length in excess of 2 km; A total of 12 silver-gold mineralized centers (Silver Eagle is the first one to be drilled) have now been outlined at Rodadero over 50 sq. km after the identification through surface sampling of a distinct east-west trending system more than 4 km north of Silver Eagle. Key priorities as the Phase 2 drill program continues: Additional drilling at Silver Eagle and initial drilling at Reales aimed at building potential near-term surface tonnage within the SR High-Grade Zone; Testing of gold-rich drill targets to the east of Silver Eagle, specifically Tarichi and La Tortuga; Testing of a new vein system mapped over the northern tip of Rodadero, an apparent extension onto Garibaldi ground from a former producing mine more than 4 km north of Silver Eagle. Results for 15 drill holes at Silver Eagle confirm the geometry of this deposit target as a nearly flat lying tabular mineralized body. Most holes have produced significant silver values, and higher grades at Silver Eagle appear to have formed near a crosscutting fault that generally trends northerly and has been mapped for about 750 meters along strike. Significantly, after an extensive review of data, Company geologists and technical advisers now believe that the Silver Eagle and Reales targets along the western side of Rodadero are indeed linked as part of a north-northwest trending structural zone extending for at least 2.5 km. Mineralization at Silver Eagle is hosted in silicified conglomerate and overlying andesitic volcanic rocks, while mineralization at Reales is hosted by limestone that underlies the conglomerate as well as andesitic volcanic rocks. The continuing drill program will include a series of holes at Reales in an attempt to confirm high-grade surface samples and extend the mineralized body to the south.


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