 |
| Size |
40,000 hectares |
| Location |
Chihuahua State |
| Status |
Titled in 2005 |
| Terms |
Option to acquire 100% interest |
Project Maps 
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Garibaldi's Morelos concession is approximately 25 kilometres southeast of
Goldcorp's El Sauzal mine
(built in 2004 to exploit a multi-million ounce epithermal style gold deposit that produced 274,000 ounces of gold in 2008 at a total cash cost of $149 USD/oz.). Garibaldi's acquisition and exploration program is the combined result of the discovery of Goldcorp's El Sauzal deposit and the advent of ASTER-SWIR satellite imaging which outlined a cluster of silica anomalies remarkably similar to the one underlying El Sauzal. According to a
NI-43-101 report authored by
Dr. Peter M Megaw the anomalies are associated with broad zones of advanced argillic alteration. Garibaldi has defined multiple drill targets at Morelos and had announced a selective drilling program with the company owned NQ diamond drill. This program will be subject to further exploration review by
Mr. Alain Charest who is an advisor to Garibaldi and discovered the El Sauzal gold deposit in addition to overseeing the development of
Goldcorp's Marlin deposit in Guatemala.
