TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, June 5, 2015 /PRNewswire/ - Garibaldi
Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is
pleased to announce the acquisition of the Golden Bear claims
comprising 14 sq. km adjacent to the southern border of the
Company's B.C. flagship Grizzly Project in the Sheslay
district.
These claims feature significant historic copper-gold showings
including a massive sulphide bearing vein discovered by Chevron
Minerals and North American Metals during construction of the
Golden Bear mine road in 1988 (the road extends across the
claims).
Garibaldi President and CEO Steve
Regoci commented: "We've made this acquisition based
on our growing understanding of the scale of the Grizzly system,
not only west to east but north to south. What's intriguing
about the Golden Bear claims is the historic high-grade Wolverine
gold showing, the extensive gold and copper-in-soil anomalies, and
the fact that this promising area has never been
drill-tested. These claims are very complementary to our
ongoing exploration program at the Grizzly and they've been
acquired at an opportunistic time in the market cycle."
Under the terms of the arms-length agreement (dated May 11, 2015) for the Golden Bear claims, which
expands the Grizzly to 286 sq. km, Garibaldi will issue 150,000
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 CDN.
About Garibaldi
Garibaldi Resources Corp. 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.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve
Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this release.
SOURCE Garibaldi Resources Corp.