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Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discovery and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulfide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulfide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, and King. The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Its projects in Mexico include La Patilla, Rodadero, Tonichi, and Iris. The Company owns a 100% interest in the La Patilla property located in Sinaloa State, Mexico. The Company owns a 100% interest in the Iris property located in Chihuahua State, Mexico.


TSXV:GGI - Post by User

Bullboard Posts
Post by mrmrreon Jul 23, 2007 8:04pm
366 Views
Post# 13137264

GGI and drilling rigs

GGI and drilling rigsI may be the poster that was labeled a basher on the EXM board. I used GGI as an example of a jr with great properties but no drill rigs. My point was that you can not build a gold mine with a camera, only with a drill. GGI has no rigs and no partners with rigs for 2007. This problem will be worse in 2008. However, after doing some more DD, I now believe that GGI may be taking steps to fix this problem in a big way. I do not know the details, but suspect they may buy a drilling company or they may merge with someone with rigs. This is not a simple JV deal but something much more significant. Anyway I have put on an initial position ahead of what I am hearing will be very big news. Can not reveal my source, but it is dependable. Anyone else hearing anything?
Bullboard Posts