There can be no doubt about the rapidly growing possibilities of Garibaldi Resources Corp.’s (GGI, TSX-V) Rodadero high-grade Silver-Gold Project in central Sonora State following an important update late last week.
Investors responded favorably to new geological information, as drilling and sampling continue, plus the curious fact that a “leading international Silver and Gold producer”, and a privately-held Chinese company in the metals sector, both recently completed site visits (unsolicited approaches) and signed confidentially agreements with GGI.
With the likes of lead geologist Dr. Craig Gibson and advisory board member Dr. Peter Megaw, and an established presence in that country going back a decade, Garibaldi’s credibility in Mexico is significant to say the least. The company was the first junior to use hyperspectral remote sensing technology on a large scale in Mexico and this resulted in GGI hitting the “jackpot” in 2009 with its Temoris option (sold to NYSE-listed Paramount Gold & Silver, PZG) that now forms the richest portion of Paramount’s high-grade San Miguel deposit.
As important as Temoris was to Garibaldi, President and CEO Steve Regoci now views the situation at Rodadero as potentially much more prolific given the scale of the project – Rodadero North stretches 10 km north-south and 5 km east-west – and the widespread high-grade mineralization (Silver, Gold and base metals) found at surface including bonanza Silver grades in drill core at Silver Eagle, 1 of approximately a dozen targets identified to date.
Click on the arrow below for the first short excerpt of our interview completed Friday afternoon with Regoci (to ensure high quality HD viewing, simply manually adjust your setting if necessary at the bottom right corner of the video).
Note: John and Jon both hold share positions in GGI.
What I take from this is anyone who wants to look can, but it’s full steam ahead, with shareholders at the top of his list creating value.comming weeks will very interesting to say the least,volume should pick up, Jon, my question is at this point, would or will Steve disclose the interested party’s in the c a’s at some point in the future ?
Comment by Tombc — October 26, 2014 @ 2:02 pm
Sounds very promising from Steve. It appears minimal investment at Silver Eagle could lead to a much higher share price in the not too distant future. They are using their own drill and the holes are relatively shallow. I’m looking forward to the next batch of assays and also the next exert of the interview. Thanks to BMR.
Comment by Tom UK — October 26, 2014 @ 2:14 pm
I’m typing as i hide in under my table, fearing that i may
be asking an inappropriate question, but isn’t an interview
between 2 people ? I missed you Jon, you do ask the right
questions & make an interview worthy of 5 stars. R !
Comment by Bert — October 26, 2014 @ 4:02 pm
Hi Bert, not an inappropriate question at all, perhaps more an issue of style…this interview was over 20 minutes in length and in terms of presenting, especially in video, we have found a format (short excerpts, with the focus on the CEO), that works the most efficiently for us (these aren’t easy to do) while at the same time giving our readers potentially valuable insight into developments with a particular company…readers get our views every morning…in these special features, it’s all about the CEO, about the company’s message, and readers can draw their own conclusions…I’ve seen a lot of interviews where the interviewer tries to be the focus…that’s not what this is about…our aim is for our readers to learn something important with each excerpt we put out from any interview…
Comment by Jon - BMR — October 26, 2014 @ 6:01 pm
Venture cuts through 800 with no problems. Scary!!
Comment by tony t — October 27, 2014 @ 12:42 pm