Garibaldi corrects drill results for hole 96 of E&L
2020-12-31 20:16 ET - News Release
Mr. Steve Regoci reports
GARIBALDI DRILLS DEEPEST NICKEL-COPPER YET AT E&L
Further to the Dec. 30, 2020, news release, this update amends results from Garibaldi Resources Corp.'s recently completed 2020 drill program, targeting deeper extensions of the easterly plunging E&L intrusion. Hole EL-20-96 intersected a newly discovered semi-massive sulphide zone 450 metres east of the Lower Discovery zone (LDZ) at a depth of 645 metres. The values for a single 18.5-metre intersection within hole 96 at a depth of 144 to 162.5 metres were incorrectly transposed, and the company provides the corrected description and assay table herein.
- EL-20-96 also produced an 18.5-metre interval, including the lower section of the orbicular gabbro and top portion of the LDZ, significantly enriched in palladium and platinum, grading 2.00 grams per tonne palladium, 0.97 g/t platinum and 0.76 g/t gold. Notably, this hole intercepted a series of gabbros from surface to over 640 metres.
AMENDED ASSAY RESULTS FOR DRILL HOLE EL-20-96 Hole (No.) Interval width (from-to) Ni (%) Cu (%) Co (%) Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) Including* Over 18.5 m (144-162.5 m) 1.97 1.68 0.05 0.97 2.00 0.76 6.94 * Semi-massive sulphides (50 to 75 per cent). ** Massive sulphides (75 to 100 per cent). Intervals are core lengths (true widths are estimated to be 80 per cent of reported intervals).
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Garibaldi is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of British Columbia and Mexico.
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