Garibaldi Resources Corp V.GGI

Alternate Symbol(s): GGIFF

Metals & Mining Industrial Metals & Minerals

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulphide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulphide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, Grizzly and Golden Bear, and King. Its project in Mexico includes La Patilla, Sonora, and Iris. The Company owns 100% interests in two non-contiguous properties in Sonora State, Mexico, known as Tonichi and Rodadero. The Otter Creek lode gold prospect consists of approximately 8,704 hectares and is located 12 kms east of Atlin in northwest British Columbia.

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Garibaldi Resources Corp

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Post by allernunon Oct 11, 2017 9:15am

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Post# 26798351

THIS IS WHAT GGI IS DRILLING PEOPLE

VANCOUVER, July 17, 2017 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce that final data just received from a recently completed VTEM survey has capped 12 months of intense research culminating in exceptional drill targets at the Company's 100%-owned E&L Project near Eskay Creek, the Golden Triangle's only nickel-copper-rich massive sulphide system. A fully-funded Phase 1 diamond drilling program commences shortly during the second half of July.

Crews are on the ground in preparation for drilling, aimed at dramatically expanding an important discovery that was made nearly half a century ago, while investigating other high priority conductors around the 63 sq. km E&L land package at Nickel Mountain.

Most significantly, E&L Anomaly "D", a strong and broad conductive response starting at a depth of 140 meters, is now interpreted as evidence for large massive sulphide zones below and east of the 12 shallow drill holes (maximum depth was 122 meters) completed from surface by Silver Standard Resources in the mid-1960's. All 12 holes were consistently mineralized with highlighted intercepts (assays for nickel and copper only) as follows in a system that remains open in all directions:

37.8 meters grading 1.3% nickel and 0.79% Cu (from 38.7 m to the end of hole at 76.5 m) including 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole (DDH-4-1966);
27.7 meters @ 1.2% nickel and 0.65% copper including 4.8% nickel and 1.9% copper over the final 3.35 meters of that hole (DDH-5-1965);
The deepest hole (122 meters) encountered massive sulphides within the final meter and returned an intercept of 63.6meters grading 0.47% nickel and 0.44% copper (DDH-3-1966);
The easternmost drill hole (DDH-5-1966), collared approximately 175 meters from the northwest zone intercepted in DDH-4-1966, was drilled to a depth of only 30.5 meters to the east of Anomaly "D" and returned 0.69% nickel and 0.48% copper over the full 30.5 meters with grades increasing at depth.