10:00 pm Pacific
Garibaldi Resources Corp. (GGI, TSX) is one of the few companies in the junior exploration sector that has actually exceeded expectations on the drilling front in 2014, hence the 140% increase in GGI’s share price since the end of December. Success at the La Patilla Gold Property in Sinaloa State, Mexico, was quickly followed by a pleasant surprise at the Rodadero Silver-Gold Project in central Sonora State where one “test” hole resulted in a significant high-grade discovery at the Silver Eagle target. Phase 2 drilling is now in progress at Silver Eagle which appears to be part of a much larger system at Rodadero.
With the likes of Dr. Craig Gibson and Dr. Peter Megaw (founder of MAG Silver Corp., MAG, TSX) advising Garibaldi in Mexico, and the highly respected geological consulting group C.J. Greig and Associates overseeing the Grizzly Project in the emerging Sheslay District in northwest B.C., Garibaldi is poised for a potential dramatic breakthrough at anytime over the next couple of months as drilling ramps up.
Click on the arrow below to view the fourth excerpt from our interview with GGI President & CEO Steve Regoci who discusses developments in the Sheslay District where the company is gearing up for first-ever drilling at the Grizzly. Success in Mexico, along with several years of preparation at the Grizzly and the valuable opportunity to review results from adjoining properties there, has vaulted GGI into a leadership position in the Sheslay District.
Note: John and Jon both hold share positions in GGI.
Wow
that was a great interview, Mr Regoci seems so calm and confident in what they think they will find at the Grizzly before they even drill…. The Teck info is very interesting too….
thanks for the update BMR…
Comment by Greg — August 20, 2014 @ 10:10 pm
Hi
Andy newsletter regardons PGX they série supposée to issue an un date in mid August
Nothing out so far nd the SP is going lower than any PP they havé done so far
Could you pelage provide some thoughts on Thatcher, seems the résulte are bad
Thx
Comment by George — August 21, 2014 @ 5:39 am
George, PGX is drilling aggressively and it appears their approach may be to release a substantial set of results (in the near future) that can provide a very strong geological context; given the history of this group at Blackwater, they don’t sit on results—-they let them pile up at the lab, and then they hit the road running with the market. They have one of the best teams in the business on the ground and I fully expect new discoveries both north and south of the Star deposit.
Comment by Jon - BMR — August 21, 2014 @ 5:43 am
Jon, do you know if PGX brought the second rig in to play as planned? The drop in SP is tempting me to add some more stock to my holding. Maybe they are waiting until September to release results when everyone will be back at their desks after the August holidays.
Comment by Tom UK — August 21, 2014 @ 6:10 am
Tom, that I don’t know…I’m thinking of sending a drone up there to spy on everyone…you look at the historical holes up there at the Star, the results that PGX got last fall, and all the data from that property and the entire region, it’s very difficult to imagine PGX won’t pull out some really impressive numbers…my only disappointment with PGX has been their lack of aggressiveness in communicating their story but I believe their plan is simply to let the numbers do the talking…
Comment by Jon - BMR — August 21, 2014 @ 6:14 am
GBB makes 52 week high.
Comment by mike — August 21, 2014 @ 7:24 am
Looking good, Mike, positive sign for the market.
Comment by Jon - BMR — August 21, 2014 @ 7:45 am