Garibaldi Resources begins exploration at King
2016-07-13 09:11 MT - News Release
Mr. Steve Regoci reports
GARIBALDI LAUNCHES EXPLORATION PROGRAM AT KING GOLD-SILVER PROJECT IN GOLDEN TRIANGLE
Garibaldi Resources Corp.'s crews have mobilized for work programs at the company's 100-per-cent-owned King project in the heart of northwest British Columbia's Golden Triangle. King North and Garibaldi's recently acquired King South claims, totalling 50 square kilometres, adjoin Seabridge Gold's Iskut project and cover several gold, silver and base metal prospects that were discovered in the late 1980s near the historic Snip mine.
King North is currently permitted for drilling and Garibaldi crews this month will be focusing on prioritizing drill targets there. One area of strong interest is Chubby Creek, where structurally controlled high-grade gold mineralization was historically identified through sampling along northeast-trending pyritic shear zones cutting volcanics and sediments. Nearly 30 years later, these mineralized showings are now being followed up.
Geological studies completed by the British Columbia Geological Survey in 2011 concluded that the underexplored rock units extending north from the Iskut River encompassing the King project are the same as those hosting the Snip, Eskay Creek and KSM deposits.
Recent extensions of the Iskut River access road, the completion of a bridge to the north side of the river, and construction by AltaGas of the Forrest Kerr and McLymont power stations will significantly reduce the cost of more extensive exploration at the King project.
With its King, Palm Springs and E&L projects, Garibaldi controls more than 150 square kilometres in this core region of the Golden Triangle where Pretium Resources is advancing its Brucejack mine toward production in 2017.
Area maps
Please visit Garibaldi Resources' website for an updated area map highlighting Garibaldi's King, Palm Springs and E&L projects.
For a Google Earth view of Garibaldi's properties, plus other key projects in the heart of the Golden Triangle, please visit Garibaldi Resources website.
Qualified person
Carl von Einsiedel, a non-independent geological consultant and a qualified person as defined by National Instrument 43-101, has reviewed this release and approved the geological content thereof.
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