Garibaldi’s Tonichi Property is located approximately 90 km west of Alamos Gold’s Mulatos mine. Tonichi shows gold and silver as well as porphyry copper and porphyry molybdenum occurrences.
The Tonichi concessions host a multitude of mineral prospects within broad zones of intense alteration over many square kilometers. These areas, along with the Locust gold-in-soil anomaly, are being explored for potential new drill targets. Garibaldi completed a trenching and mapping program on the Locust target to develop plans for future drilling. At the same time, the company continued with the ongoing assessment of multiple targets identified through hyperspectral surveys. Garibaldi’s hyperspectral remote sensing technology has been a rapid, cost-effective method of prioritizing drill targets throughout this strategic land package.
Garibaldi’s initial drilling efforts at Tonichi were focused on the Locust target in the northern part of the property where the company was following up on an important mineralized intercept (0.24 g/t gold and 0.16% copper over 104.6 metres) in hole MAR-13-02. Drilling at Locust (2,745 meters in 16 widely spaced holes) with the company’s own diamond drill rig outlined a broad envelope of near-surface mineralization that measures at least 5 kilometers along trend and 1-2 km across. The exploration targets are an oxide gold deposit and/or a gold-copper porphyry system.