TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC, Oct. 12, 2021 /CNW/ - Garibaldi Resources Corp.
(TSXV: GGI) (the "Company" or "Garibaldi") wishes to inform
shareholders that on September 23,
2021 the Corporate Finance Department of the BCSC selected
Garibaldi Resources for a mining disclosure review. "The purpose of
our review is to assess selected aspects of the Company's mining
technical disclosure for compliance with the requirements of NI
43-101 standards of disclosure for mineral projects. Our review is
not comprehensive and the company should not assume or represent
that the Commission is providing an opinion or an endorsement of
the Company's overall compliance or non-compliance."
The review detailed the following Technical Disclosure
issue: Qualified Person
Mr. Jeremy Hanson has been a
registered P.Geo. since August 22,
2017. Based on this Mr. Hanson does not have the required 5
years of P.Geo. experience to meet the interpreted definition of a
qualified person under NI-43-101.
At the request of the BCSC, the Company engaged Mr. James M. Hutter, P,Geo., a Qualified Person as
defined in NI 43-101 to review and approve all written disclosure
including news releases, technical material, and pertinent sections
of MD&A's that were previously approved by Mr. Jeremy Hanson between February 2019 and September 2021.Mr Hutter has
completed the review and approved of all the technical disclosure
relating to the relevant period.
Mr. Hutter has been working independently with Garibaldi
Resources Corp. since 2017. He is intrinsically familiar with the
Company's technical material and mineral exploration programs as he
has served as Senior Geologist and Mine Manager for the Company.
Mr. Hutter has 29 years of professional experience and is a
registered member in good standing with the Engineers &
Geoscientists BC.
In reference to the review by the BCSC, Garibaldi's geological
team of six Professional Geoscientists had over 100 years of
experience, all were understood to have the required experience to
act as a Qualified Person. When our good friend and VP of
Exploration Everett Makela passed away in 2019, Jeremy Hanson transitioned into the role of VP
of Exploration and Qualified Person. It was misunderstood that the
required five years of relevant experience required started at the
date of P,Geo. registration. We apologize to our shareholders for
the confusion, but also wish to emphasize that our team of
professionals provided layers of oversight dedicated to the highest
standards of disclosure.
Qualified Person
James M Hutter, P, Geo. and a Qualified Person as defined by NI-
43-101, has supervised the preparation of and reviewed and approved
of the disclosure of information in this news release.
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior
exploration company focused on creating shareholder value through
discoveries and strategic development of its assets in some of the
most prolific mining regions in British
Columbia and Mexico. We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this
release
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content:https://www.prnewswire.com/news-releases/garibaldi-completes-review-301398810.html
SOURCE Garibaldi Resources Corp.
