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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: | 1/22/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-1-2020: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Nickel Mountain deposit at the Nickel Mountain project. Drilling results incl. 89.73m @ 0.82% Ni, 0.75% Cu, 0.02% Co, 0.298g/t Pt, 0.553g/t Pd, 0.275g/t Au, 3.91g | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Hanson (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 22, 2020 /CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce wide near-surface intervals of nickel-copper-rich mineralization from nine more drill holes at Nickel Mountain in the heart of the Eskay Camp, in addition to important new intersections of massive sulphide that continue to build out this unique discovery in Northwest British Columbia. Significant advances are being made at understanding the emplacement of E&L mineralization along structural contacts. In addition, key geochemical and geophysical markers related to high-grade mineralization are being unraveled and are instrumental in detecting and tracking new massive sulphide mineralization toward projected pathways. Jeremy Hanson, Garibaldi VP-Exploration, stated, "EL-19-75 significantly expands the potential for shallow massive sulphide as it represents a gradual change into contact style mineralization along the eastern wall of the E&L main chamber, which could rim the majority of the chamber wall, possibly linking the LDZ to the NE zone with massive sulphides. Hole 67 was key as it intercepted the mineralized E&L gabbro conduit below EL-19-65, taking the continuous mineralized system deeper with the possibility this will lead to one or more new massive sulphide zones." Dr. Peter Lightfoot, Garibaldi Technical Adviser, commented: "Geochemical data from holes 66 through 75 provide important new clues for the location of additional segments of the E&L Intrusion at depth below and to the east of the E&L mineral zone. The discovery of elevated Nickel tenor at depth below the E&L strongly supports the idea that the open system intrusion has extensive exploration potential." | |
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