Multiple Gold Bearing Veins And Silicified Units At Newly Discovered Casper Hydrothermal System

VANCOUVER - Garibaldi Resources reported assay results from four shallow diamond drill holes totaling 639.5m, the first ever testing the new Casper Quartz Gold Vein System. The Casper discovery is located 12 km northwest of the Company's flagship E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain, and 14 km west of Garibaldi's premier Eskay North gold prospect, bordering the historic Eskay Creek mine, now being redeveloped.

Garibaldi's Eskay claim group totals over180 sq. kms of highly prospective mineral claims centered in the heart of the mineral rich Eskay Camp in northwest British Columbia. The target rich claim group is surrounded by several precious and base metal discoveries at various stages of exploration by neighboring Companies. Garibaldi's strategically important land package is favorably located along the deep seated Eskay Rift, a highly prospective mineralized structure hosting multiple deposits.

The E&L nickel-copper-cobalt project and the Casper high grade Quartz Gold vein discoveries are the first targets to emerge from the abundant mineral occurrences and outcrops sampled within the Company's vast Eskay claim group. Casper is a grassroots discovery with no previous Minfile records. The Casper veins are at low elevation (430 meters) with road and power access less than 1 kilometer away.

Jeremy Hanson, VP-Exploration, said, "We are very encouraged by the first ever drilling results at Casper. The abundance of hydrothermal features including multiple mineralized quartz veins and silicified volcanics, both with visible gold, is definitely exciting and indicative of a significant hydrothermal system. Our initial goal was to confirm the surface expression of the Casper vein extended to depth, which we certainly accomplished as well as intercepting a number of additional gold bearing veins and mineralized silicified units."