Garibaldi Drilling Shifts to Casper
Garibaldi Drilling Shifts to Casper
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC
,
Oct. 13, 2021
/CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or
"Garibaldi") wishes to notify shareholders that due to hazardous conditions from the early onset of
winter on the slopes of Nickel Mountain, the 2021 exploration program will shift drilling for safety
reason to the lower elevation Casper quartz gold vein target north of Nickel Mountain within the
Company's 180 sq.km Eskay Claim Group in
Northwest British Columbia
.
The Geotech ZTEM survey recently completed over the entire Eskay Claim Group, is a key tool able
to identify deeper conductors, as indicated by preliminary EM responses. The preliminary data has
identified several anomalous areas that the geologic team is eager to evaluate, in particular specific
targets across the E&L and Palm Springs property associated with previous geophysical and
geochemical anomalies that are near drill ready targets.
Garibaldi is expecting full survey results imminently. Once detailed analysis and interpretation of the
final data is completed, the Company will focus plans on the next stage of exploration including
geological and geochemical surveys and drill testing on the highest priority geophysical anomalies
and high potential areas.
Casper Targets:
Garibaldi drilled four shallow diamond drill holes last December to test three separate quartz veins,
two of which contain visible gold and a mineralized silicified volcanic unit that also contained visible
gold. All four holes intercepted gold mineralization. See
February 12, 2021
news release for details.
The 2021 drill program will test along trend of the known mineralized vein system to both the
northwest and southeast, as well as down dip while simultaneously targeting silicified volcanic
units which have hosted gold mineralization in both outcrop and core.
The mapping of four separate rock units containing gold at Casper, has elevated expectations
with regards to the potential for the system to represent a bulk mineralized zone, with over 120
meters of systematic trenching of high grade gold in quartz veins that may be the surface
expression of targets at greater depth.
Newly acquired SkyTEM data has identified steeply dipping high resistivity breaks within
stronger conductive zones coincident with the known Casper system, which is composed of
quartz veins and silicified volcanics. Only one hole to date has exceeded 150 meters in depth.
Two additional high resistivity breaks were identified north of the known mineralized system, as
well as significant high resistivity areas trending continuously to the northwest from the known
system. These peripheral targets may also be tested in this drilling campaign.
The Casper high-grade quartz gold vein system remains open with select rock samples exceeding
1.0g/t gold extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.
Multiple selected grab samples with visible gold taken from a trench on the east side of the main
Casper vein returned exceptional gold grades, see news dated Sept.22, 2020. Casper provides
another remarkable drill target that continues to expand.
Steve Regoci
, Garibaldi's CEO, stated: "The challenge for our geological team is the significant
number of base and precious metal showings sampled along these deep-seated structural trends.
The ZTEM survey data will help to define, rank and prioritize deeper conductive anomalies. Even as
drilling at the E&L and Casper discoveries expands the mineralized potential within the Eskay Claim
Group, new targets at Palm Springs, triple faults and Mount Shirley continue to emerge for follow
up."
VP of Exploration Jeremy Hanson stated "Our highest priority at Casper is vectoring towards the
source of the high-grade gold veins and gold bearing silicified volcanics. The hydrothermal system
where these fluids originated from has the potential to be another significant discovery in the Golden
Triangle. While we are currently focused on actively exploring Casper, we are eagerly awaiting full
final data and 3D inversion for the property wide ZTEM survey"
Qualified Person
James Hutter
, P.Geo., 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.
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
View original content:
https://www.prnewswire.com/news-releases/garibaldi-drilling-shifts-to-casper-301399057.html
SOURCE
Garibaldi Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/October2021/13/c5327.html
%SEDAR: 00004262E
For further information:
GARIBALDI RESOURCES CORP.: 1150 - 409 Granville Street,
Vancouver, BC V6C 1, Telephone: (604) 488-8851 Website: GaribaldiResources.com
CO: Garibaldi Resources Corp.
CNW 08:00e 13-OCT-21