Vancouver, British Columbia--(Newsfile Corp. - January 30, 2019) - Mark Jarvis, CEO of Giga Metals Corp. (TSXV: GIGA) today
announced analytical results from 38 of 40 holes drilled in 2018 on the Company's Turnagain Nickel/Cobalt Project. The Company is
still awaiting assay results from one infill hole and one metallurgical infill hole, and these results will be announced when
received.
As reported October 30, 2018, the 2018 work program included:
- Thirteen metallurgical infill holes totaling 3,073.0 metres within the Horsetrail and Northwest zones of the
Turnagain deposit.
- Twenty-three infill holes totaling 5,866.9 metres sited between the Horsetrail and Northwest zones of the Turnagain
deposit.
- Two exploration holes totaling 1,119.8 metres in the platinum-enriched Attic Zone.
- Two exploration holes totaling 775.1 metres in the MAG zone roughly 5.6 kilometres northwest of the Horsetrail
zone.
"The analytical results reported here further demonstrate the remarkable continuity of mineralization in the Horsetrail and
Northwest zones," said Mr. Jarvis. "We expect the results to allow for the conversion of significant tonnes from the Inferred
resource category quoted in our December, 2011 PEA to the Indicated category. The metallurgical infill holes within the proposed
starter pits are expected to move some Indicated resources to the Measured category. Additionally, the Company now has at its
disposal several tonnes of fresh new sample, representative of run-of-mine material, for metallurgical testing."
Technical Information
This release provides analytical results from 38 of 40 holes from the 2018 drill program and the Turnagain Project. The drill
program, conducted with two skid-mounted drill rigs and one helicopter-supported drill rig, commenced on July 14, 2018 and ended
October 6, 2018.
Metallurgical Infill Program
The infill drilling program was conducted with two skid-mounted drill rigs in the Horsetrail and Northwest zones. Although these
drill holes provide valuable additional geological and resource modeling information, their primary purpose was to collect material
of appropriate characteristics for future metallurgical testing. Drill core samples from this program were one-quarter NQ core.
Table 1: Drill intercepts from the metallurgical infill program1:
Hole |
Zone |
From
(m) |
To
(m) |
Interval
(m) |
Ni
(%) |
Co
(%) |
Pd
(ppb) |
Pt
(ppb) |
DDH18-293 |
HT
including |
8.00
73.47 |
196.60 (EOH)
114.00 |
188.60
40.53 |
0.270
0.470 |
0.016
0.023 |
24
50 |
18
39 |
DDH18-294 |
HT |
6.00
48.00 |
197.51 (EOH)
134.00 |
191.51
86.00 |
0.374
0.490 |
0.022
0.027 |
69
92 |
51
66 |
DDH18-295 |
HT |
52.00 |
236.83 (EOH) |
184.83 |
0.320 |
0.018 |
35 |
31 |
DDH18-296 |
HT
including |
8.00
44.00 |
188.67 (EOH)
152.00 |
180.67
108.00 |
0.344
0.392 |
0.021
0.022 |
28
33 |
20
24 |
DDH18-297 |
HT
including
and |
8.00
5.79
124.00 |
185.62 (EOH)
63.20
185.62 |
177.62
57.41
61.62 |
0.339
0.322
0.450 |
0.017
0.017
0.016 |
43
44
67 |
38
41
59 |
DDH18-298 |
HT |
8.00 |
252.07 (EOH) |
244.07 |
0.226 |
0.015 |
15 |
13 |
DDH18-299 |
HT |
8.00 |
322.78 (EOH) |
314.78 |
0.214 |
0.016 |
17 |
13 |
DDH18-300 |
HT
including
and |
10.00
32.00
120.00 |
160.63(EOH)
67.56
160.63 |
150.63
35.56
40.63 |
0.297
0.381
0.365 |
0.019
0.019
0.020 |
31
45
42 |
27
40
36 |
DDH18-302 |
HT |
3.00 |
391.06 (EOH) |
388.06 |
0.257 |
0.015 |
41 |
35 |
DDH18-304 |
NW
including |
6.00
90.00 |
212.00
118.00 |
206.00
28.00 |
0.248
0.471 |
0.012
0.13 |
78
417 |
72
367 |
DDH18-305 |
NW |
8.00 |
249.33 (EOH) |
241.33 |
0.213 |
0.013 |
17 |
15 |
DDH18-306 |
NW |
8.00 |
199.95 (EOH) |
191.95 |
0.221 |
0.013 |
18 |
15 |
1NW: Northwest zone; HT: Horsetrail zone; EOH: end of hole. Infill program holes were drilled at various angles into
continuous or near-continuous disseminated mineralization.
Infill Drilling Program
The infill drilling program was conducted with two skid-mounted drill rigs in the Horsetrail and Northwest zones in areas of
Inferred resources. Drill core samples were one-half NQ core.
Table 2: Drill intercepts from the infill drilling program2:
Hole |
Zone |
From
(m) |
To
(m) |
Interval
(m) |
Ni
(%) |
Co
(%) |
Pd
(ppb) |
Pt
(ppb) |
DDH18-267 |
NW
including |
4.35
48.00 |
126.19 (EOH)
80.00 |
121.84
32.00 |
0.233
0.280 |
0.013
0.013 |
2
1 |
3
3 |
DDH18-268 |
NW
including
and |
2.85
156.0
328.00 |
449.88 (EOH)
268.00
449.88 |
447.03
112.00
121.88 |
0.258
0.281
0.282 |
0.013
0.012
0.012 |
15
4
1 |
17
8
3 |
DDH18-269 |
HT
including |
2.90
92.00 |
221.59 (EOH)
192.00 |
218.69
100.00 |
0.266
0.293 |
0.013
0.014 |
10
14 |
11
14 |
DDH18-270 |
NW |
3.90 |
138.50 |
134.60 |
0.185 |
0.009 |
8 |
7 |
DDH18-271 |
NW
including |
4.00
276.00 |
374.60 (EOH)
330.00 |
370.60
54.00 |
0.276
0.310 |
0.013
0.012 |
4
2 |
6
3 |
DDH18-272 |
NW |
8.00
72.00 |
289.26 (EOH)
128.00 |
281.26
56.00 |
0.280
0.304 |
0.013
0.013 |
45 |
8
7 |
DDH18-273 |
NW |
No significant intervals |
|
|
|
|
|
DDH18-273 |
NW |
No significant intervals |
|
|
|
|
|
DDH18-274 |
NW
including |
5.79
169.55 |
160.00
180.20 |
154.21
10.65 |
0.240
0.532 |
0.013
0.025 |
12
64 |
15
63 |
DDH18-275 |
NW |
No significant intervals |
|
|
|
|
|
DDH18-276 |
NW
and
and |
64.00
210.00
243.80 |
203.38
243.80
404.47 |
139.38
33.80
160.67 |
0.232
0.391
0.223 |
0.018
0.014
0.012 |
18
69
33 |
14
48
25 |
DDH18-277 |
5.18 |
8.00 |
80.00 |
74.82 |
0.239 |
0.014 |
43 |
42 |
DDH18-278 |
HT |
4.00 |
99.97 (EOH) |
95.97 |
0.189 |
0.012 |
4 |
5 |
DDH18-279 |
HT |
8.00 |
151.49 (EOH) |
143.49 |
0.194 |
0.014 |
21 |
20 |
DDH18-280 |
HT
and |
5.60
60.00 |
60.00
151.49 |
54.40
91.49 |
0.265
0.201 |
0.016
0.014 |
109
27 |
120
29 |
DDH18-281 |
NW |
10.00 |
200.25 (EOH) |
190.25 |
0.235 |
0.012 |
2 |
4 |
DDH18-282 |
NW
and
and |
1.94
103.30
253.00 |
103.30
224.73
468.17 (EOH) |
101.36
121.43
215.17 |
0.296
0.21
50.284 |
0.012
0.011
0.014 |
29
17
38 |
31
14
37 |
DDH18-283 |
NW
and
and |
56.95
114.00
172.00 |
114.00
158.10
221.59 |
57.05
44.10
49.59 |
0.203
0.285
0.242 |
0.013
0.013
0.013 |
2
14
7 |
5
25
10 |
DDH18-285 |
NW
including |
6.00
52.00 |
450.19 (EOH)
100.00 |
444.19
48.00 |
0.250
0.329 |
0.013
0.014 |
21
55 |
22
57 |
DDH18-286 |
HT |
6.00 |
333.76 (EOH) |
327.76 |
0.208 |
0.012 |
21 |
20 |
DDH18-287 |
NW
and
and
and |
0.00
180.00
288.00
492.00 |
165.85
288.00
492.00
599.00 |
165.85
108.00
204.00
107.00 |
0.261
0.209
0.307
0.267 |
0.014
0.013
0.015
0.013 |
28
17
24
15 |
32
19
25
16 |
DDH18-289 |
NW
including |
40.00
44.33 |
114.91(EOH)
48.14 |
74.91
3.81 |
0.240
0.894 |
0.014
0.046 |
13
84 |
19
203 |
DDH18-290 |
NW |
88.00 |
128.00 |
40.00 |
0.201 |
0.013 |
12 |
10 |
2NW: Northwest zone; HT: Horsetrail zone; EOH: end of hole. Metallurgical infill program holes were drilled at
various angles into continuous or near-continuous disseminated mineralization.
Figure 1: Infill and Metallurgical Infill Drill Hole Locations in Horsetrail and Northwest zones
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/856/42553_06deaadd54cdeae7_002full.jpg
(Click here to view online)
Attic Zone Exploration Program
The Attic zone program was comprised of two drill holes (DDH18-301 and DDH18-303) in the platinum- and palladium-enriched Attic
zone roughly 3.5 kilometres northwest of the Horsetrail zone. Drill core samples from this program were one-half NQ core.
DDH18-301 was drilled a few tens of metres below a previously intersected platinum- and palladium-enriched, structurally
complex, suite of altered clinopyroxenites. The downhole interval of 238.00 m - 260.00 m returned an average of 316 ppb Pd and 355
ppb Pt at a vertical depth of approximately 185 metres.
DDH18-303 was drilled from the same pad but in an untested northwesterly direction toward, and below, nearby Davis Creek to test
a suspected fault for enrichment. DDH18-303 returned no intervals of note.
MAG Zone Exploration Program
The MAG zone program was comprised of two drill holes (DDH18-288 and DDH18-291) in an area of sedimentary cover rocks with
anomalously high total magnetics approximately 5.6 kilometres northwest of the Horsetrail zone and outside the known Turnagain
ultramafic intrusion. Both holes did not penetrate through the sedimentary cover and returned no intervals of note.
Click here to view a drill hole location map for the Attic & Mag
zone exploration program.
Quality Assurance, Quality Control
Diamond drilling in 2018 was conducted on the Turnagain property using NQ diameter drill rods. Drills were oriented using a
Reflex TN-14 Gyrocompass drill and, after completion of the drill hole, were surveyed using a Reflex EZ-Gyro. Giga Metals
systematically inserted certified reference materials (standards) and blanks into each batch of samples at regular intervals.
Samples were placed in sealed bags and shipped directly to the ALS Minerals preparatory laboratory in Terrace, British Columbia.
The 2018 samples reported herein were analyzed by ALS Global of Vancouver, British Columbia. Samples were prepared by crushing the
entire sample to 70% passing -2 millimetres, riffle splitting of 250 grams and pulverizing the split to better than 85% passing 75
micrometres. The core samples also underwent a robust duplicate assay program that tests rejects and pulps for reproducibility.
Samples were also sent to an umpire lab. Base metal analyses were determined using the ME-ICP61 four-acid digestion method with
ICP-AES finish. Precious metal analyses were determined by PGM-ICP23 fire assay method with ICP-AES finish. Analytical results are
verified with the application of industry standard Quality Assurance and Quality Control (QA/QC) procedures.
Qualified Person
Greg Ross, P. Geo., a Qualified Person as defined by NI 43-101, has read and approved all technical and scientific
information contained in this news release. Mr. Ross is the Company's Turnagain Project Manager.
About Giga Metals' Turnagain Nickel-Cobalt Project
The Turnagain Project hosts the Horsetrail nickel-cobalt deposit, a
significant undeveloped nickel-cobalt sulphide deposit, located in British Columbia, Canada.
Engineering and metallurgical studies are underway with an objective of producing a Pre-Feasibility study. Extensive
metallurgical work indicates a clean concentrate grading 18% nickel and 1% cobalt is reliably achievable using simple
"off-the-shelf" processing technology.
The Turnagain project covers a large, relatively underexplored land package prospective for additional ultramafic-hosted
nickel-cobalt discoveries. Turnagain is one of the few projects in a stable jurisdiction that can potentially deliver large
quantities of cobalt and nickel to meet the growing needs of the electric vehicle
and energy storage markets at a time when many research analysts are projecting there will be shortages in the cobalt and nickel
required by battery manufacturers.
On behalf of the Board of Directors,
"Mark Jarvis"
MARK JARVIS, PRESIDENT & CEO
GIGA METALS CORPORATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking
statements in this press release include the completion of a Pre-Feasibility Study.
These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or
prevent these statements from coming to fruition include changing operational costs for mining and processing; increased capital
costs; the timing and content of upcoming work programs may be interrupted or delayed; geological interpretations based on drilling
that may change with more detailed information; the availability of labour, equipment, infrastructure and markets for the products
produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property
cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The
forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or
revise such information to reflect new events or circumstances, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42553