Garibaldi Resources Corp.

Garibaldi is the Sheslay district’s dominant landholder with seven regional target areas adjacent to Cu-Au porphyry deposits on two other properties, 120 km west of the Red Chris mine.

The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Atlin has been a rich placer gold mining district since the Klondike gold rush from the mid 1800s to the present day, rivalling Barkerville during the Cariboo gold rush. Until recently, the source of Atlin’s coarse gold placers had remained elusive.The first announcement of a new lode gold discovery on Otter Creek was made by British Columbia Geological Survey (BCGS) geologists in a 2017 published paper titled “A new lode gold discovery at Otter Creek: another source for the Atlin placers.” Garibaldi had previously acquired 100% ownership of the hard rock mineral rights on the discovery section of Otter Creek. Placer operations enabled geologists to sample and map the bedrock in excavated pits before backfilling, allowing access to BCGS geologists who published the lode gold discovery.

Extensive geophysical, geochemical and surface sampling programs have produced a near drill ready Cu-Au porphyry target. The Darb Target is  Late Triassic intrusive suite of rocks with coincident IP chargeability highs and an  extensive Cu-in-soil anomaly greater than 1200m long x 400m wide and remains open. Two additional IP chargeability highs remain to be tested with geochemical surveys. The host rocks at the Red Lion and Darb Target are known to host multiple significant Cu-Au porphyry deposits.