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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 Teatimenowon Nov 20, 2017 10:52am
160 Views
Post# 26995895

RE:There is no halt RT and 3.87 RT/VB Compaison

RE:There is no halt RT and 3.87 RT/VB Compaison2nd "ugly" thing is that this NR that took a whole weekend to release, does not contain a proper 
table of results, ask yourself why not?!

But lets compare VB vs. E&L "discovery holes" (difference is there were some previous drill holes on E&L and VB was total greenfields discovery)

VB:
*40m @ 0.88%Ni +  0.63% Cu + 0.042%Co from 34.5m depth

*71m @2.23%Ni + 1.47%cu + 0.123% Co from 34m depth

*86m@ 0.87%Ni + 0.62%Cu + 0.045%co from 38m depth

*10m @ 0,74%Ni + 0.45%Cu + 0.088%co from 57m depth

VS.
E&L
  • EL-17-04 cut 7.2% nickel, 3.4% copper, 0.82 g/t palladium, 0.78 g/t platinum, 0.40 g/t Au, 10 g/t Ag and 0.195% cobalt over 4.8 meters at the bottom of a broader 48.2-meter interval from 108.4 meters grading 1.1% nickel, 0.69% copper, 0.38 g/t palladium, 0.23 g/t platinum, 0.16 g/t Au, 3.1 g/t Ag and 0.032% cobalt;
  • EL-17-04 also intersected a second zone of mineralization within a variable-textured gabbro featuring 1.08% nickel and 0.68% copper over 12 meters starting at a depth of 189 meters;
->  Have to corrent myself, they DID drill deeper in EL 17-04 but although the "upper zone from 108m to approx 156m depth  did intersect 7%+ Ni and 3%+ Copper in the last 4.8m, this does not continue, but at 189meter depth so approx after an additional 30meter of no/or low grade comes an 12meter of 1,08%Ni and 0.68%Copper

*
EL-17-03 - 13.5m @ 1,05% Ni + 1%Cu (+ PGMs?)
*
EL-17-02 - 18m @ 0.91%Ni + 0.80%Cu & 24m @ 0.56%Ni + 0.65% Cu - No detailed depth given

*EL-17-01 60.5m @0.54%Ni + 0.53%Cu + PGMs from??, but deeper than 176m depth


I think easy to see - not even close to VB and WHY no proper table with drill maps, they had ENOUGH time over the weekend.
Poor NR imho, not poor in terms of results in generals but the way its presented.



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