For thousands of other reports visit RSC's Mineral Intellingence Map
Garibaldi Resources Corp.
Summary
| Project: | Nickel Mountain | |
|---|---|---|
| Deposit: | Nickel Mountain | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt-Gold-Silver | |
| Date: | 1/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-1-2018: Garibaldi Resources Corp. announces an Exploration/Drilling Update report for its Nickel Mountain deposit at the Nickel Mountain project. Drilling results incl. 14.5m @ 6.04% Ni, 3.18% Cu, 0.137% Co, 1.874g/t Pt, 3.342g/t Pd, 1.067g/t Au, 8.5g/ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Everett F. Makela (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 25, 2018 /CNW/ - Garibaldi Resources (TSX.V:GGI) (the "Company" or "Garibaldi") is pleased to provide the following exploration update for its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek. Dr. Peter Lightfoot, technical adviser to Garibaldi and one of the world's leading experts in nickel sulphide deposits, commented: "The depth and lateral extent of nickel-copper-rich sulphide mineralization in the Discovery and North west zones is entirely open, creating a compelling combination of high grade sand potential scale with this unique Eskay Camp system. Amajor expansion of drilling will be guided by an enhanced geological understanding and proof of concept with geophysics. In addition, the Garibaldi nickel team is very excited about the potential for new discoveries along a multikilometer-long trend to the northeast." Dr. Lightfoot adds, "Compositional differences in the massive sulphides between the Discovery and Northwest zones, together with the chaotic variable textured rocks in both areas, points to the ideal scenario of a multi-stage mineralizing event at Nickel Mountain." Garibaldi Prepares To Launch 2018 Program Preparations are well underway for an aggressive and fully-funded 2018 exploration campaign scheduled to commence this quarter, as soon as weather conditions allow, beginning with a geophysics program to further assess the two HC plates and prioritize drill targets. This will be followed shortly thereafter by a resumption of drilling beginningwithEL-18-15. HC1 &HC2 Modeling of data from the bore hole electromagnetic(BHEM) surveys was merged with last year's airborne VTEM data and has resulted in the interpretation of two large highly conductive anomalies (>10,000 Siemens) south of 2017 drilling. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report