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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: | 2/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2020: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Nickel Mountain deposit at the Nickel Mountain project. Drilling results incl. 32.75m @ 2.74% Ni, 1.64% Cu, 0.079% Co, 0.636g/t Pt, 1.23g/t Pd, 0.48g/t Au, 6.0g/t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Hanson (Internal) | |
| ABSTRACT: | VANCOUVER, Feb. 21, 2020 /CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") has drilled into multiple new intervals of near-surface massive sulphides and nickel-copper-rich mineralization and E&L gabbro at Nickel Mountain, the Golden Triangle's first magmatic nickel sulphide system that also includes palladium, platinum, cobalt, gold, silver and PGE rare metals including rhodium. Jeremy Hanson, Garibaldi VP-Exploration, stated: "The last nine holes of the 2019 season all hit significant intervals of nickel-copper sulphide mineralization and clearly demonstrate the increasing potential for expanding a very dynamic system at Nickel Mountain. The high-grade LDZ is open in multiple directions and is thickening to the north at the eastern margin based on drill holes EL-19-82, EL-18-24 and EL-18-16. In the central part of the LDZ, massive sulphides begin transitioning into contact style massive sulphides along the chamber wall. This means there's a lot of space along the contact of the intrusion for high-grade massive sulphides." Dr. Peter Lightfoot, Garibaldi Technical Adviser, commented: "Geological models for the E&L Intrusion are based on very detailed drill core descriptions, petrography, geochemistry of assay samples and structural determinations from specialized drill core measurements. The results provide strong indications that the root zone of the E&L Intrusion plunges at about 45 degrees toward the east. | |
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