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Garibaldi mobilizes for drilling at Rambo high-grade gold target

EBR Staff Writer Published 09 March 2016

Garibaldi Resources is pleased to announce that field crews have mobilized to commence first-ever diamond drilling at the Rambo high-grade gold target, part of the company's 100%-owned Rodadero Gold-Silver Project.

Drilling will test this very prospective area for a gold system approximately 6 km east of the company's Silver Eagle deposit, underscoring the large-scale nature of this emerging mineral camp in central Sonora State.

Exploration work has shown a zonation in metal distribution at Rodadero with high silver and base metal values near-surface in the west, trending north-south for nearly 3 km from Silver Eagle through Reales, to silver-gold in the central part of Rodadero and more gold-rich mineralization further east in the Rambo area.

Contiguous to the Rambo southern border is a small-scale gold-silver mine currently in production, exploiting two main veins.

Drilling at Rambo is designed to intersect gold mineralization and a potential new discovery at Rodadero at depths of less than 100 meters in a strongly altered volcanic rock package.

Mineralization at Rodadero, which features 12 targets over nearly 50 sq. km, is interpreted as being related to a large zoned mineralized system that is exposed at various levels from west to east. Rodadero is strategically located in a prolific part of central Sonora in close proximity to several gold and silver mines operated by intermediate and major producers.

Garibaldi Resources is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

Source: Company Press Release