Garibaldi Resources Corp.

Garibaldi Resources Corp.

March 22, 2007 09:00 ET

Garibaldi Teams Up With MacDonald Dettwiler and Hyvista to Conduct Hyperspectral Air Survey Over Mexican Concessions

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2007) - Garibaldi Resources Corp. (the "Company") (TSX VENTURE:GGI) is pleased to announce it has entered into contracts with MacDonald Dettwiler and Associates Ltd. of Richmond, B.C. and HyVista Corporation Pty. Ltd. of Sydney, Australia to conduct a fixed wing hyperspectral air survey over the Company's 3500 sq. kms of mining concessions in Mexico's Sierra Madre. All of Garibaldi's concessions cover historic precious metal occurrences and extensive areas of alteration typical of epithermal systems defined throughout the Sierra Madre which the Company has been evaluating since mid 2005.

With one of the largest land packages in the prolific Sierra Madre Mineral Belt, Garibaldi is implementing a cost effective, value added strategy, by employing state of the art technology, to more efficiently prioritize areas of interest and identify new exploration targets for drill testing. This more economic approach to exploring such a vast concession area is made viable with advances in hyperspectral and GPS technology combined with proof of concept trials on Garibaldi's first project at Morelos. The survey is scheduled to be completed in May.

About Hyperspectral: A major advance in remote sensing, imaging spectroscopy allows a special detector system to gather reflected radiation from a ground target in a digital format which is then processed to identify unique spectral features. In essence, this procedure identifies a naturally occurring bar code. No two minerals display the same arrangement of unique spectra in the exact same manner.

About Garibaldi Resources Corp.: Garibaldi Resources Corp. is a next-generation exploration company utilizing newly emerging technology to generate acquisition targets in large under-explored historic mining districts in Mexico's Sierra Madres near recent discoveries which demonstrate the potential that vein systems exploited by early miners were the expression of much larger gold and silver deposits.

About MacDonald Dettwiler and Associates Ltd.: MacDonald, Dettwiler and Associates Ltd. provides advanced information solutions that capture and process vast amounts of data, produce essential information and improve the decision making and operational performance of business and government organizations worldwide. Their common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.

About HyVista Corporation: HyVista Corporation is a global leader of airborne hyperspectral remote sensing data and information products, and developer of the renowned HyMap Hyperspectral Sensor.


Steve Regoci, President

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Contact Information

  • Garibaldi Resources Corp.
    Steve Regoci
    (604) 488-8828
    (604) 488-8871 (FAX)
    Badshah Communications