Garibaldi Expands Lower Discovery Massive Sulphide Zone North
Garibaldi Expands Lower Discovery Massive Sulphide
Zone North
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER
,
Jan. 22, 2020
/CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to
announce wide near-surface intervals of nickel-copper-rich mineralization from nine more drill holes at Nickel Mountain in the
heart of the Eskay Camp, in addition to important new intersections of massive sulphide that continue to build out this
unique discovery in
Northwest British Columbia
.
Significant advances are being made at understanding the emplacement of E&L mineralization along structural contacts. In
addition, key geochemical and geophysical markers related to high-grade mineralization are being unraveled and are
instrumental in detecting and tracking new massive sulphide mineralization toward projected pathways.
Highlights
:
EL-19-75 has extended the Lower Discovery Zone (LDZ) 25 meters to the north where it remains open, cutting 2.14
meters of 7.1% nickel and 3.9% copper within a broader 90-meter mineralized interval. More significantly, this
intersection demonstrates a contact-style massive sulphide along the eastern wall of the E&L main chamber. This
greatly expands the potential for a shell of continuous massive sulphides along the country rock contact within this
segment of the E&L intrusion;
EL-19-74 has cut 5.98 meters grading 6% nickel and 2.6% copper, extending the Northeast zone eight meters to the
east;
EL-19-72 (4.4 meters @ 2.6% nickel and 0.93% copper starting just 39.5 meters downhole) provides additional
support for the presence of a new near-surface, flat-lying massive-semi-massive sulphide zone (adjacent to the Central
zone) with a minimum 50 meters of strike length;
El-19-67 has intersected two intervals of mineralized gabbro well below the LDZ, indicating the main E&L chamber is
connected to the second deeper chamber confirmed by earlier drill holes EL-19-54 & EL-64. Elevated Cu-Ni ratios,
total precious metals and metal tenors indicate the potential for a high grade or enriched Cu-PGE zone along trend;
Two important geophysical anomalies ("F" and "Q"), approximately 700 meters southeast and nearly 1,000 meters
south of the historic E&L deposit, respectively, are being revisited for their potential to greatly expand the nickel
sulphide footprint at Nickel Mountain, underscoring the scale of this system. Mira Geoscience, an industry leader in
advanced geological modelling, is making a third-party independent presentation regarding these intriguing anomalies
at the AME Roundup in
Vancouver
Wednesday, January 22
.
Jeremy Hanson
, Garibaldi VP-Exploration, stated, "EL-19-75 significantly expands the potential for shallow massive
sulphide as it represents a gradual change into contact style mineralization along the eastern wall of the E&L main
chamber, which could rim the majority of the chamber wall, possibly linking the LDZ to the NE zone with massive sulphides.
Hole 67 was key as it intercepted the mineralized E&L gabbro conduit below EL-19-65, taking the continuous mineralized
system deeper with the possibility this will lead to one or more new massive sulphide zones."
Dr.
Peter Lightfoot
, Garibaldi Technical Adviser, commented: "Geochemical data from holes 66 through 75 provide
important new clues for the location of additional segments of the E&L Intrusion at depth below and to the east of the E&L
mineral zone. The discovery of elevated Nickel tenor at depth below the E&L strongly supports the idea that the open
system intrusion has extensive exploration potential."
With global top tier nickel-copper massive sulphide grades, a unique mineral suite rich in strategic metals, and a rising trend
in commodity prices, Garibaldi is well positioned for the global green revolution and the urgent demand to replace depleting
metal inventories critical to advanced battery technology.
Significant Assay Results for Drill Holes EL-19-66 to EL-19-75
(EL-19-71 was previously reported,
Dec. 20, 2019
)
Hole #
Interval width (from - to)
Ni %
Cu %
Co %
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Ag
(g/t)
EL-19-75
over 89.73m (55.25 - 144.98m)
0.82
0.75
0.02
0.298
0.553
0.275
3.91
including
over 54.4m (55.25 - 109.65m)
0.74
0.77
0.02
0.350
0.661
0.323
3.65
**including
over 0.11m (99.62 - 99.73m)
8.51
3.88
0.15
5.100
7.990
5.160
19.00
**including
over 0.15m (103.87 - 104.02m)
6.68
2.25
0.18
1.170
1.600
0.339
13.00
including
over 3.75m (117.75 - 121.50m)
1.39
1.06
0.04
0.281
0.439
0.327
4.76
**including
over 0.3m (118.2 - 118.5m)
6.76
3.11
0.20
0.590
1.040
0.414
10.00
and
over 16.25m (130.75 - 147m)
1.60
1.19
0.05
0.349
0.631
0.300
7.20
*including
over 0.2 m (142.15 - 142.35m)
5.38
1.92
0.17
1.250
2.030
1.590
6.00
**including
over 2.14m (142.84 - 144.98m)
7.08
3.88
0.20
0.697
0.925
0.358
22.07
EL-19-74
over 12.5m (93.5 - 106m)
3.33
1.61
0.095
0.356
0.413
0.345
5.27
**including
over 5.98m (97.45 - 103.43m)
5.99
2.63
0.173
0.525
0.631
0.394
7.19
*including
over 7.67m (96.58 - 104.25m)
5.28
2.38
0.151
0.493
0.589
0.429
6.72
and
over 36m (114 - 150m)
0.56
0.48
0.015
0.226
0.445
0.217
2.75
and
over 2.78m (157.1 - 159.49m)
0.61
0.55
0.025
0.059
0.073
0.122
3.71
EL-19-72
over 17.54m (27.46 - 45m)
1.02
0.56
0.040
0.146
0.249
0.069
1.80
*including
over 4.4m (39.5 - 43.9m)
2.61
0.93
0.111
0.223
0.378
0.106
2.42
EL-19-71
over 77.93m (80.2 - 158.1m)
1.41
1.00
0.038
0.457
1.064
0.309
3.60
*including
over 0.28m (80.2 - 80.48m)
1.12
0.79
0.100
0.120
0.443
0.227
1.00
**including
over 4.34m (142.5 - 146.84m)
7.94
5.85
0.157
2.733
7.048
1.748
15.81
**including
over 0.56m (147.7 - 148.3m)
7.62
5.18
0.190
3.810
5.840
1.410
13.00
**including
over 4.98m (152.5 - 157.5m)
7.66
3.45
0.201
1.566
3.252
1.031
8.51
and
over 14.99m (142.5 - 157.49m)
5.25
3.21
0.122
1.530
3.679
0.934
8.20
EL-19-70
over 19.97m (74.03 - 94m)
1.02
0.88
0.027
0.476
0.915
0.469
4.57
**including
over 0.15m (92.98 - 93.13m)
5.65
0.61
0.169
0.180
0.240
0.037
2.00
EL-19-69
over 68.53m (75.5 - 144.03m)
0.46
0.39
0.018
0.175
0.355
0.154
3.63
including
over 43.31m (75.5 - 118.8m)
0.35
0.39
0.015
0.188
0.403
0.199
3.81
including
over 20.43m (123.6 - 144m)
0.78
0.46
0.025
0.175
0.305
0.091
3.63
**including
over 1.02m (138.7 - 139.8m)
7.04
2.38
0.218
0.414
0.693
0.150
5.96
EL-19-68
over 18.7m (50 - 68.7m)
0.41
0.32
0.016
0.126
0.265
0.107
0.72
EL-19-67
over 12.55m (82.45 - 95m)
1.54
1.29
0.041
0.328
0.511
0.339
4.63
and
over 44.38m (112.6 - 156.9m)
0.36
0.42
0.022
0.125
0.466
0.103
1.21
or
over 18.93m (138 - 156.9m)
0.45
0.51
0.025
0.181
0.636
0.128
1.73
and
over 11.84m (173.7 - 185.5m)
0.28
0.68
0.012
0.467
0.912
0.524
6.14
and
over 10.5m (202.5 - 213m)
0.31
0.37
0.016
0.103
0.433
0.079
5.00
EL-19-66
over 15.8m (27 - 42.8m)
0.50
0.48
0.019
0.164
0.240
0.104
1.05
*including
over 0.3m (42.5 - 42.8m)
1.45
1.94
0.066
0.220
0.239
0.049
3.00
*
denotes semi-massive sulphide (50 - 75% sulphide) and massive sulphide (>75% sulphide)
**
denotes interval of massive sulphide (>75% sulphide)
Intervals are measured core lengths (true widths are estimated to be 80% of reported intervals).
Massive sulphides have not yet been assayed for PGE rare metal
EL-19-66 was drilled to the southwest, intersecting near-surface disseminated and semi-massive sulphide mineralization
indicating the NW zone contact style mineralization continues along the E&L chamber wall towards the south.
EL-19-68 was drilled south and intercepted disseminated mineralization at the southern extend of the E&L chamber.
EL-19-69 was drilled from the glacier to the southeast targeting an area immediately below the Upper Discovery Zone. This
hole intersected over 68 meters of disseminated mineralization including
1.02 m
massive sulphide grading 7.04% Ni and
2.38% Cu, approximately 8 meters below the LDZ, indicating that massive sulphides may extend below the UDZ towards
the LDZ along structures or the E&L chamber wall.
EL-19-70 was drilled to the southwest targeting the UDZ/E&L chamber contact which was intercepted at 93 meters where
strongly disseminated mineralized E&L gabbro transitions into massive sulphide at the
Hazelton
contact. This hole
intercepted 20 meters of 1.02% Ni and 0.88% Cu in a southeastern limb of the E&L chamber.
EL-19-73 was drilled to the northwest and intersected a series of Nickel Mountain gabbros and
Hazelton
sediments.
Drill Hole Coordinates Table for Holes EL-19-66 to 75
Hole
Zone
Easting*
Northing*
Elevation
(MASL)
Azimuth
Dip
Length
(m)
EL-19-75
Discovery
396145
6271494
1878
084
-54
215
EL-19-74
NE Zone
396160
6271560
1865
136.5
-47
200
EL-19-73
Exploration
396342
6271495
1836
039
-45
476
EL-19-72
Gulley
396143
6271490
1878
132
-51
232
EL-19-70
UDZ
396239
6271502
1859
220
-61
127
EL-19-69
UDZ
396158
6271559
1866
162
-46
199
EL-19-68
Exploration
396140
6271492
1879
180
-79
276
EL-19-67
Exploration
396239
6271504
1859
269
-77.5
263
EL-19-66
NW Zone
396137
6271491
1880
225
-50
310
*UTM zone 9N WGS 84
Anomalies "F" and "Q"
Recent reviews of geophysical magnetic data from anomalies below the E&L mineral zones remain unexplained after
analysis of drill core samples from very limited drilling of these anomalies failed to provide an adequate explanation as to
their source. The known massive sulphide mineralization at Nickel Mountain is highly magnetic, yet drill holes into these
anomalies showed low magnetic susceptibility. Both anomalies have been the subject of recent magnetic inversion work
and subsequent remodeling of data, which for example, has shifted the center and the shape of the "Q" anomaly indicating
that the only two drill holes that tested the "Q" missed their intended target. As a result the "Q" anomaly remains a high
priority target for the 2020 season, as does anomaly "F" to the southeast where freshly discovered outcrop has
encouraged geologists.
Roundup 2020
Mira Geoscience, an industry leader in advanced geological modelling, will use the Nickel Mountain Project as their
presentation focus
Wednesday, January 22
, during AME Roundup in
Vancouver
(iHub innovation stage-geophysics, Trade
Show level) beginning at
10:45 am
Pacific.
Thomas Campagne
, P.Geo., will present modelling work completed with
Julia
King
and
Alan King
of Geoscience North for the Nickel Mountain Project.
Updated E&L-Nickel Mountain Section Map
Visit
GaribaldiResources.com
today for an updated map of the E&L system.
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 a geoscientist and selected intervals were sampled. HQ and NQ 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, British Columbia
.
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. Multiple certified ore assay laboratory standards and one blank standard were used in the process. Samples
were submitted to SGS Canada Inc. in
Vancouver, British Columbia
, an ISO 9001: 2008 certified lab, for base metal,
sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), Fire Assay (FA) and Leco methods.
Samples were prepared by crushing the entire sample to 75% passing 2mm, 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 sodium 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
Jeremy Hanson
, a qualified person as defined by NI-43-101.
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.
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http://www.newswire.ca/en/releases/archive/January2020/22/c9718.html
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For further information:
1150 - 409 Granville Street, Vancouver, BC V6C-1T2, Telephone: (604) 488-8851 Website:
GaribaldiResources.com
CO: Garibaldi Resources Corp.
CNW 08:00e 22-JAN-20