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Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discovery 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 sulfide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulfide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, and King. The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Its projects in Mexico include La Patilla, Rodadero, Tonichi, and Iris. The Company owns a 100% interest in the La Patilla property located in Sinaloa State, Mexico. The Company owns a 100% interest in the Iris property located in Chihuahua State, Mexico.


TSXV:GGI - Post by User

Bullboard Posts
Comment by bestdealon Oct 25, 2017 6:49am
196 Views
Post# 26854469

RE:RE:RE:RE:RE:Eric Sprott about GGI and NOVO

RE:RE:RE:RE:RE:Eric Sprott about GGI and NOVO
Urbani wrote: Thanks Megacopper, I remember Voisey Bay very well too. Voisey also did not hit in every hole and GGI has. Makela says GGI discovery, "just keeps getting bigger and bigger." Voisey was a couple of pockets, this appears to be a system. Yes, both very different for sure. I also said GGI was like a NVO type of exploration deposit in Sept and confirmed by Eric Sprott yesterday too. I do not share your opinion. Of GGI needs Voisey Bay intercepts, simple because GGI's soon to be deposit will be much larger in size. The resulting factors including infastructure within the area of GGI are also factors for GGI's discovery. I have seen many a core of Nickel, copper etc myself and what I see in GGI's pics ranks as some. Of the best and richest - have seen in world class deposits. While I respect and appreciate your opinions iinsistyou stick around and comment although you do not have any vested interest in GGI as yet.

I think you are correct Urbani that this is a much larger type of NVO deposit than Voisey Bay. Eric Sprott sais it was more similar to the Russian deposit Norelsk than Voisy Bay. Norelsk just happens to be the largest Nickel, Copper, Paladium deposit in the world. Here is a description of Norelsk

The nickel deposits of Norilsk-Talnakh are without doubt the largest nickel-copper-palladium deposits in the world.[citation needed] The deposit was formed 250 million years ago during the eruption of the Siberian Traps igneous province (STIP). The STIP erupted over one million cubic kilometres of lava, a large portion of it through a series of flat-lying lava conduits lying below Norilsk and the Talnakh Mountains. The Siberian Traps are considered to be responsible for the mass extinction event at the end of thePermian.

The ore was formed when the erupting magma became saturated in sulphur, forming globules ofpentlanditechalcopyrite, and other sulphides. These sulphides were then "washed" by the continuing torrent of erupting magma, and upgraded their tenor with nickelcopperplatinum, and palladium. The current resource known for these mineralised intrusion exceeds 1.8 billion tons.

The ore is mined underground via several shafts, and a decline. The ore deposits are currently being extracted at >1,200 m below ground. The ore deposits are drilled from the surface.

The deposits are being explored using electromagnetic field geophysics, with detection loops on the Earth's surface with dimensions of over 1,000 m on a side. They are conclusively able to image theconduction nickel ore at depths in excess of 1,800 m.

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