Garibaldi Begins Drilling at Nickel Mountain
Garibaldi Begins Drilling at Nickel Mountain
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC
,
June 26, 2020
/PRNewswire/ - Garibaldi Resources Corp. (TSXV: GGI) (the
"Company" or "Garibaldi") is pleased to announce the start of its 2020 drill program at Nickel
Mountain, the Golden Triangle's first magmatic nickel-copper-rich massive sulphide system in the
heart of the Eskay Camp.
Highlights:
First drill holes for 2020 will test a large conductor on the eastern side of the Lower Discovery
Zone (LDZ);
2020 exploration will be focused along a highly prospective 2-km-long east-southeast trending
corridor interpreted to be a significant magmatic pathway for the E&L Intrusion;
A surface EM survey has revealed a high priority distinct EM anomaly 250 meters southwest of
the Northwest Zone massive sulphide outcrop.
Jeremy Hanson
, Garibaldi VP-Exploration, stated: "We are excited to start our 2020 exploration
season after a very productive winter analyzing data and generating targets. We have several high
priority drilling targets along trend of the E&L system that will be tested at the beginning of our drilling
campaign, including mineralized chambers discovered at the end of 2019, surface EM anomalies and
BHEM anomalies. Over the winter we also developed a detailed list of geochemical, geophysical and
geological field targets across the rest of the property that we are eager to prospect with boots on
the ground. Building out the scale of this discovery is our goal over the coming months."
BHEM on drill hole EL-19-72 displays a large north trending and mostly untested conductive plate
extending off the eastern side of the LDZ. Early 2020 drilling will test the extension of this plate where
the massive sulphide lens is thickening to the north as evidenced by drill hole EL-19-82 (refer to
Feb.
21, 2020
, NR).
Broadly, the 2020 program will focus on expanding the scale of the E&L high-grade deposit along a
trend defined by successful 2019 exploration drilling. The host E&L Intrusion comprises prospective
chaotic-textured olivine gabbros that have a distinctive chemical signature tracked along trend
between the initial discovery in the Northwest Zone and a buried intrusion, discovered through drill
hole EL-19-80, located approximately 600 meters to the ESE along a sub-vertical structure.
Significantly, the massive sulphide mineralization's magnetic and conductive features correlate with a
trend of very distinctive E&L gabbro that continues along an east-southeast trending corridor. This
provides a clear vector to guide exploration for new mineralized zones in 2020.
Results since 2017 at Nickel Mountain increasingly support the interpretation of a dynamic magmatic
nickel-copper-rich massive sulphide system with significant scale potential, featuring top-tier nickel
grades in addition to palladium, platinum, cobalt, gold, silver and strategic PGE rare metals including
rhodium.
Nickel Mountain Gabbroic Trend
Surface sampling in 2019 identified numerous anomalies high in metals associated with mafic gabbros
up to 10 km north of the E&L. A checklist of sampled locations selected by metal content and
proximity to geophysical anomalies was ranked and added to the 2020 exploration target list for
priority follow-up.
Meanwhile, a surface EM survey completed last year has outlined a high priority distinct EM anomaly
250 meters southwest of the Northwest Zone massive sulphide outcrop. This anomaly lies along an
interpreted mineralization controlling structure and is coincident with a large weathering anomaly.
Covid-19 Precautions
Garibaldi ground crews have completed camp modifications in full compliance with Provincial health
guidelines to ensure Covid-19 mitigation standards conform with Ministry regulations for exploration
which is recognized as an essential service by the B.C. Government.
Qualified Person & Data Verification
Jeremy Hanson
, P.Geo., VP Exploration Canada for the Company, and a qualified person as defined
by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of
information in this news release. Mr. Hanson has verified the data, including drilling, sampling, test and
recovery data, by supervising all of such procedures. There are no known factors that could materially
affect the reliability of data collected and verified under his supervision. No quality assurance/quality
control issues have been identified to date.
About Garibaldi
Garibaldi Resources Corp. 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 in
British Columbia
and
Mexico
.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per:
"Steve Regoci"
Steve Regoci
, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for
the adequacy or the accuracy of this release.
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SOURCE
Garibaldi Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/June2020/26/c1311.html
%SEDAR: 00004262E
CO: Garibaldi Resources Corp.
CNW 07:30e 26-JUN-20