Garibaldi Resources Financial News

Private Placement Financing and Business Divestiture
Garibaldi Resources Corp. (the "Company") announces that it has agreed to a non-brokered private placement of up to $1,000,000 of its securities consisting of the sale of up to 5,000,000 units at a price of $0.20 per unit, each unit consisting of one common share in the capital of the Company and one-half of a non-transferable share purchase warrant with each whole warrant entitling the holder to acquire one additional common share of the Company at a price of $0.30 per share for two years. A finders’ fee in cash and securities will be payable with respect the private placement. More >>>

Garibaldi To Joint Venture 30% of Temoris Project
Garibaldi Resources Corp. (the "Company"), is pleased to announce that it has signed an agreement with Paramount Gold and Silver Corp. (Paramount) (AMEX: PZG; TSX: PZG) to form a joint venture agreement with respect to 17,208 hectares of Garibaldi's Temoris Project in Chihuahua State, Mexico. More >>>

Garibaldi Completes State of the Art Fixed Wing Hyperspectral (Alteration) Mapping Survey in Mexico's Sierra Madre
Garibaldi Resources Corp. (the "Company"), is pleased to announce that it has successfully completed one of the largest fixed wing hyperspectral surveys ever launched in the Sierra Madre. The objectives of the survey were to define the alteration signature of epithermal style gold and silver deposits that characterize the most recent discoveries in Mexico and to complete a detailed assessment of the Company’s eight district scale exploration projects. More >>>

Garibaldi Launches State of the Art Fixed Wing Hyperspectral (Alteration) Mapping Survey in Mexico's Sierra Madre
Garibaldi Resources Corp. (the "Company"), as previously announced, controls eight district scale, gold – silver exploration projects that cover more than 3,500 sq. kms. in the central and northern parts of Mexico’s prolific Sierra Madre. The Sierra Madre is one of the most extensive belts of epithermal type gold-silver occurrences in North America and all of the existing mining districts exhibit the widespread hydrothermal alteration that characterizes these types of deposits, which include El Sauzal, Palmarejo and Mulatos. More >>>

Garibaldi Expands Drill Plans Proposed For Morelos and Temoris Projects Chihuahua State Mexico
Garibaldi Resources Corp. (the "Company") ) is pleased to provide the following update on exploration work at the Company´s Morelos and Temoris projects in Chihuahua State, Mexico. As previously announced, the Company controls eight district scale, gold silver exploration projects throughout the northern part of the Sierra Madre. More >>>

Garibaldi's First Drill Hole at Morelos Confirms Gold and Silver Mineralization Associated with Satellite Targets
Garibaldi Resources Corp. (the "Company") announces that its drilling program on several targets in the eastern part of the Company's Morelos claim block located in Chihuahua State, Mexico, is underway. Regional geological maps show that this area is within the core of the Sierra Madre Gold Belt and is underlain by the same rock units that host many of the well known gold discoveries in the area such as the Mulatos, Dolores, El Sauzal and Palmarejo. The target areas that have been scheduled for drill testing include the El Indio Zone and the Socorro Zone. More >>>

Garibaldi Plans for Extensive Drill Program in Mexico Fixed Wing Hyperspectral Survey Permitting Approved
Garibaldi Resources Corp. (the "Company"), after two years of strategic acquisitions, controls one of the largest land packages ever assembled by a junior exploration company in Mexico. The Company’s eight district scale projects cover approximately 4,000 sq. kms. of under-explored ground in the central and northern parts of the Sierra Madre, the most extensive belt of epithermal type gold-silver deposits in North America. All of these projects, Morelos, Temoris, Iris, Tonichi, Onavas, Rodadero, Badesi and Sianori were acquired because they cover broad areas of virtually unexplored argillic alteration, similar to the alteration zones associated with many of the world class deposits that have been identified in the Sierra Madre. Garibaldi’s exploration strategy involves utilizing state of the art remote sensing techniques in conjunction with conventional exploration work to rapidly define high priority target areas for drill testing. More >>>

Garibaldi Extends District Scale Acquisition Strategy Into Durango State And Expands Hyperspectral Survey
Garibaldi Resources Corp. (the “Company”) is pleased to announce the acquisition of another district scale, Sierra Madre exploration project to add to its portfolio of Mexican projects. Garibaldi now controls seven regional scale projects totaling over 4,000 square kilometers. More >>>

Reconaissance Sampling Identifies Silver And Gold Mineralization At Garibaldi’s Temoris Property
Garibaldi Resources Corp. is pleased to provide the following update on exploration at the Company’s Temoris Property in Chihuahua State, Mexico. In January 2007, the Company carried out a preliminary assessment of several historic gold and silver, vein type prospects identified on regional geological maps published by the Consejo de Recursos Minerales (Mexican Geological Survey). These prospects are located south east of Palmarejo Silver and Gold Corp.’s (TSX: PJO) (“Palmarejo”) Trogan Project in the southern part of Garibaldi’s 54,000 hectare concession. Garibaldi’s concession completely surrounds Palmarejo’s 3.0 million gold equivalent ounce Trogan deposit and also surrounds Azteca Gold’s Guerrero al Tirano project. More >>>

Garibaldi Adds Remote Sensing Expertise To Advisory Board - Grants Options
Garibaldi Resources Corp. (the "Company") is pleased to announce the addition of Dr. Joseph A. Zamudio, Ph.D. Geology/Remote Sensing (University of Colorado, Boulder) to the Company's Advisory Board. Dr. Zamudio is the founder of Applied Spectral Imaging, Boulder, Colorado and is a recognized and published expert in the highly specialized field of hyperspectral analysis. More >>>