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Garibaldi Resources Corp.
Summary
| Project: | Nickel Mountain | |
|---|---|---|
| Deposit: | Discovery, Northwest | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt-Gold-Silver | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2017: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Discovery, Northwest deposit at the Nickel Mountain project. Drilling results incl. 12m @ 6.16% Ni, 2.91% Cu, 0.168% Co, 0.680g/t Au, 9.0g/t Ag from 175.5m. Vanco | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Everett F. Makela (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, December 6, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide the following update regarding its nickel-copper-rich massive sulphide discovery at Nickel Mountain near Eskay Creek including new high-grade drill results. Dr. Peter Lightfoot, one of the world's leading nickel sulphide experts and a technical adviser to Garibaldi, commented: "The unusually high grades in massive magmatic sulphides at Nickel Mountain are indicative of an open system magmatic event within the Eskay Rift collisional setting, an ideal structural environment for a unique discovery such as this." Drill hole EL-17-09 expands the eastern discovery zone with a thick interval of nickel-copper-rich massive sulphides, along with platinum, palladium, cobalt, gold and silver, below a consistently mineralized and strongly disseminated 32.5-meter section. Results from several Garibaldi drill holes into the northwest zone discovered through limited drilling in the 1960's support and exceed historic assays reported by Silver Standard. In addition, Garibaldi drilling and geophysics covering this zone suggest the potential for the discovery of much higher-grade material. | |
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