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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: | 2/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2019: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Nickel Mountain deposit at the Nickel Mountain project. Drill results incl. 48.98m @ 1.34% Ni, 0.89% Cu, 0.039% Co, 0.230g/t Pt, 0.342g/t Pd, 0.225g/t Au, 3.7g/t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Hanson (Internal) | |
| ABSTRACT: | VANCOUVER, Feb. 21, 2019 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company") or "Garibaldi") is pleased to announce that the Company has drilled into widespread near-surface nickel-copper sulphide mineralization including massive sulphides in what is now referred to as the "Northeast" zone at Nickel Mountain, further building on the Golden Triangle's first nickel-copper-rich sulphide system that also includes cobalt, platinum, palladium, gold and silver. The shallow new Northeast zone, located above the "Upper Discovery" and "Lower Discovery" zones, has now been intersected in three drill holes and is open to the east and north. Dr. Peter Lightfoot, Technical Adviser for Garibaldi, commented: "EL-18-33 and EL-18-30 confirm the exceptionally high grades of the massive sulphide mineralization in the new Northeast zone, first detected in EL-18-23 (see Oct. 21, 2018, news release), at shallow levels on the northern flank of the E&L Intrusion. "What's most striking to me about the Upper and Lower Discovery zones, upon review of extensive data, is not just the grades but how the massive sulphide sheets are gently dipping and appear to be stacked at the southern margin of the E&L Intrusion," Dr. Lightfoot continued. "The observation these zones are stacked on the south flank of the Intrusion and also developed on the north flank adds an important guide in exploration of the E&L Intrusion at depth and along strike. There are analogues to this among nickel sulphides deposits elsewhere around the globe." | |
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