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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 tomgraniteon Nov 22, 2017 9:07am
208 Views
Post# 27010019

RE:RE:RE:RE:RE:Garibaldi Results

RE:RE:RE:RE:RE:Garibaldi Results7th hole VB was 3.93% Ni and 2.84% Cu. It started at 20m below surface and was 104m long. GGI are using newer methods and technology so should have got in to the good stuff by now.

This is still a very speculative play IMO. Hitting the high grades is great, but the intercepts must get much longer and closer to surface. I don't think hole 14 will set the world alight when it is released as the MS is too deep. I can't see them drilling again until mid 2018, so if the best is hole 14 the stock will drift lower.

Good move by Regoci to raise cash before the results came out, means he is guaranteed to be able to drill next year whatever happens to SP in the meantime. If the SP does fall, I may get back in.
Bullboard Posts