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Garibaldi Resources Corp.
Summary
| Project: | Nickel Mountain | |
|---|---|---|
| Deposit: | Nickel Mountain | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt-Gold-Silver-Platinum-Palladium | |
| Date: | 4/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-4-2019: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Nickel Mountain deposit at the Nickel Mountain project. Drill results incl. 51.2m @ 0.72% Ni, 0.67% Cu, 0.022% Co, 0.172g/t Pt, 0.255g/t Pd, 0.187g/t Au, 2.0g/t A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Hanson (Internal) | |
| ABSTRACT: | Receding ice has exposed new outcrops of massive sulphide mineralization at Nickel Mountain, creating additional opportunities to expand the footprint of massive sulphides along the contact of the E&L Intrusion. Sixteen rock samples collected along a strike length of 34 meters from insitu outcrop at the Crevasse showing of massive and semi-massive sulphides averaged 5.3% nickel and 2.3% copper. They also included an average of 0.21% cobalt, 0.25 g/t platinum, 0.37 g/t palladium, 0.19 g/t gold and 3.8 g/t silver (see table further below in this news release). The Crevasse showing, discovered late in last year's program after an unprecedented summer of ice retreat, will be followed up aggressively along strike and at depth. The showing extends from west to east for 34 meters (open in both directions and at depth) and then dips under a talus field that will be drilled this summer. Only 15 meters of strike was drill-tested last fall before winter conditions shut down operations. Garibaldi Expands Nickel Mountain Gabbroic Complex Garibaldi's extensive 2018 program allowed geologists to expand the footprint of outcropping gabbroic rocks for approximately 12 km along strike of the E&L deposit, adding significantly to Nickel Mountain's overall exploration potential. The E&L Intrusion resides within the NMC, and it consists of magnesium-rich taxitic and orbicular-textured olivine gabbros. The lateral extent of the E&L Intrusion is open to the ESE and at depth, and potential exists for massive and disseminated sulphide mineralization in strike extensions of the intrusion well beyond the footprint of the intrusion identified at this time. Exploration for additional intrusions like E&L was initiated in 2018 with follow-up of magnetic and electromagnetic anomalies, surface mapping of gabbroic rocks, and lithogeochemical sampling. The greatly expanded strike length of the NMC will be an important component of Garibaldi's exploration and drilling strategy in 2019 | |
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