Garibaldi's Tonichi Project gives the company a dominant land position (nearly 500 sq. km of visually impressive and intense alteration) in a prolific area of Sonora State, Mexico. Garibaldi's hyperspectral remote sensing technology has been a rapid, cost-effective method of identifying the best drill targets throughout this strategic land package.
Currently, GGI's drilling efforts are focused on the Locust target in the northern part of Tonichi where the company is following up on an important mineralized intercept (0.24 g/t Au and 0.16% Cu over 104.6 meters) in hole MAR-13-02 as reported November 7, 2013. Drilling to date at Locust (2745 meters in 16 widely spaced holes) with the company's own diamond drill rig has outlined a broad envelope of near-surface mineralization that measures at least 5 km along trend and 1-2 km across. The exploration targets are an oxide gold deposit and/or a Au-Cu porphyry system.
Elsewhere at Tonichi, a pilot coal program continues that's generating regular royalty income for Garibaldi. A private arm's-length Mexican company is exploiting near-surface coal seams over certain Tonichi concessions held by Garibaldi.