Garibaldi has outlined a near-surface high-grade silver system open for expansion in multiple directions at its 50 sq. km Rodadero Project in an emerging new Sonora state mineral camp.

Steve Regoci, President and CEO, commented: “After 15 initial shallow drill holes and follow-up field work, it’s apparent that Silver Eagle has a potential strike length in excess of 2 km and hosts multiple lenses with average grades of 600 g/t Ag and widths of 1-5 meters. Discovery hole SE-14-01 returned 2,010 g/t Ag over a true width of 5.6 meters.”

Mapping and broadly-spaced sampling at Silver Eagle has outlined three new mineral horizons west and up to 350 meters north of discovery hole SE-14-01.

Silver Eagle is a nearly flat lying tabular mineralized body. Significantly, after an extensive review of data, company geologists and technical advisers now believe that the Silver Eagle and Reales targets along the western side of Rodadero are indeed linked as part of a north-northwest trending structural zone extending for at least 2.5 km. 

In addition to Silver Eagle, 11 other mineralized centers have so far been outlined at Rodadero over nearly 50 sq. km through mapping, sampling and the use of the company’s proprietary hyperspectral database.

Highlights of Silver Eagle Drill Results (2014-2015):

• SE-14-15, collared 150 meters north of Silver Eagle discovery hole SE-14-01 (the furthest step-out to date), returned a bonanza grade intercept of 1,307 g/t Ag (42 oz/ton) over 1.5 m within a broader interval of 6 m grading 346 g/t Ag (between a depth of 10.5 m and 16.5 m);
• SE-14-14, drilled in the southernmost part of the mineralized body defined to date, returned 250 g/t Ag over the first 3 m;
• SE-14-12a returned 1 m from surface grading 1,352 g/t Ag (this was core recovered from the anchor that was drilled to stabilize the rig while drilling hole SE-14-12);
• SE-14-08 returned 14.95 m grading 155 g/t Ag (1.45 m to 16.4 m);
• SE-14-06, collared approximately 85 m south of SE-14-01, returned a consistent, well-mineralized 24.4 m section within 46.5 m of surface, including 262 g/t Ag and 4.1% Pb over 4.6 m;
• SE-14-03, collared 25 m south of SE-14-01, intersected 11.45 m of 266 g/t Ag including 1,935 g/t Ag (62.2 oz/ton) at a depth between just 4.3 and 5.2 m;
• SE-14-01 intersected 7 m grading 2,010 g/t Ag (65 oz/ton) between 19.5 m and 26.5 m including 1 m @ 7,633 g/t Ag.

Dr. Craig Gibson, PhD, Msc, CPG, a renowned exploration expert and a director of Garibaldi who has been involved in several major discoveries in Mexico, commented: “Increasingly at Rodadero, we are seeing the near-surface expression of what appears to be a very large system with perhaps multiple overprinting events. Mineralization is open laterally in all directions. What’s also exciting is the potential at depth. We’ve yet to drill below 100 meters, where we would expect to discover the feeder zones, which often exist in a system such as this. Deeper holes are coming.

“Approximately 70 per cent of the drill holes at Silver Eagle have successfully intersected high-grade mineralization within just 50 meters of surface, a remarkable start at this target. Excitingly, we’re still in the early stages of exploration at this project,” Dr. Gibson added.