Garibaldi Drills Into New Zone At Nickel Mountain
Garibaldi Drills Into New Zone At Nickel Mountain
TSXV: GGI
OTC: GGIFF
Frankfurt
: RQM
VANCOUVER
,
Oct. 18, 2018
/CNW/ - Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to
announce that the continuing drill program at Nickel Mountain, combined with surface sampling of new
massive sulphide outcrops exposed by melting ice and snow, has confirmed a third discovery area known
as the "Central" zone in between the Northwest and Discovery zones.
Up until this summer, much of the Central zone was covered by ice and snow. Fresh massive sulphides
revealed by a receding ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L
icefield to host a major expansion of the Golden Triangle's first magmatic nickel-copper-rich sulphide
system which remains open in all directions.
Highlights:
Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization
over significant widths to depths of 75 meters - deeper holes are planned;
Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone,
exposed by the retreating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-
chalcopyrite mineral assemblage;
XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile
consistent with the Discovery zone.
Steve Regoci
, Garibaldi President and CEO, commented: "The prospect of Discovery zone-type
mineralization at surface, previously hidden by the ice, and at shallow depths in drilling in the Central zone is
another exciting development at Nickel Mountain. Evidence points toward an Intrusive Complex with deep
roots, so we look forward to continued delineation of the Central zone and a first-ever look well beneath the
adjoining icefield to the north and northeast through drilling and borehole EM."
Crevasse Showing
Massive sulphides are exposed semi-continuously west to east for 34 meters where ice and talus overlay
portions of the outcrop. The showing has a thickness of approximately four meters perpendicular to its long
axis, where it extends under the ice in both directions. Massive sulphides have also been located
approximately five meters below the top of the ice level in an ice cave. A total of 16 chip samples were
collected along strike and have been submitted for assaying. XRF analysis of these 16 samples, plus a
392-pound block of solid massive sulphide that was cut out from the ice, suggest a grade profile consistent
with the Discovery zone to the east-southeast.
Gulley Showing
Three separate massive sulphide outcrops have been exposed in the Central zone gulley, north to south, for
a strike length of 44 meters. These were exposed by hand trenching after significant snow melt. The
presence of angular sulphide boulders in the talus indicated there may be massive sulphides directly below.
Cliff Showing
Semi-massive and massive sulphides have been identified in Central zone cliffs where a build-up of ice and
snow had previously prevented access. Sulphides are exposed trending east-west for a strike length of 21
meters along a gabbro/dyke contact.
Drilling Update
Garibaldi has completed 29 drill holes (10,623 meters) in its 2018 campaign or 43 altogether including the
2017 program that led to the discovery of nickel-copper-rich massive sulphides east of the historic E&L
Northwest zone. Garibaldi looks forward to the release of additional assay results during this second half of
October.
Maps and Photos
To view Nickel Mountain maps and fresh core photos for reported drill holes, please visit the Garibaldi web
site (
GaribaldiResources.com
).
Quality Assurance/Quality Control (QA/QC)
Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel
Mountain Project using best industry practice. All core was logged by or under the supervision of an
accredited professional geoscientist and selected intervals were sampled. NQ2 drill core was sawn in half
and each sample half was placed in a marked sample bag with a corresponding sample tag then sealed.
The remaining half core is retained in core boxes that are stored at a secure facility in
Smithers, B.C.
Chain
of custody of samples was recorded and maintained for all samples from the drill to the laboratory.
All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards
and field duplicates. Two certified ore assay laboratory standards and one blank standard were used in the
process and were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in
Langley, B.C.
Samples were submitted to SGS Canada Inc. in
Vancouver, B.C.
, an ISO 9001: 2008
certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP),
Fire Assay and Leco methods.
Samples were prepared by crushing the entire sample to 75%, passing 2 mm, riffle splitting 250g and
pulverizing the split to better than 85% passing 75 microns. Gold, platinum and palladium were analyzed
using a 30-gram fire assay and ICP-AES. Total sulphur and total carbon were analyzed using a Leco
method. Nickel, copper, cobalt, silver and base metals were analyzed by peroxide fusion and ICP-MS.
The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and
reproducibility and has been verified by
Everett Makela
, P.Geo., a Qualified Person as defined by NI-43-
101.
Qualified Person & Data Verification
Mr.
Everett Makela
, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as
defined by NI-43-101, has supervised the preparation of, and has reviewed and approved of, the disclosure
of information in this news release. Mr. Makela has verified the data, including drilling, sampling, test and
recovery data by supervising all 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
Mexico
and
British Columbia
.
GARIBALDI RESOURCES CORP
Per:
"Steve Regoci"
Steve Regoci
,
President & CEO
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/October2018/18/c5314.html
%SEDAR: 00004262E
For further information:
GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street Vancouver, BC
V6C 1T2, Telephone: (604) 488-8851 Website: GaribaldiResources.com
CO: Garibaldi Resources Corp.
CNW 14:30e 18-OCT-18