Garibaldi Expands on E&L Drill Data
Garibaldi Expands on E&L Drill Data
TSXV: GGI
OTC: GGIFF
Frankfurt
: RQM
VANCOUVER
,
Nov. 29, 2017
/CNW/ - As a result of a review by the British Columbia Securities Commission, Garibaldi Resources (TSX.V:
GGI) (the "Company" or "Garibaldi") is issuing the following news release to clarify the disclosure in its news release of
November 20, 2017
.
In Garibaldi's
November 20, 2017
, news release, the Company provided accurate assay results for the first four holes of the E&L Nickel
Mountain drill program and information pertaining to a 16.7-meter nickel-copper-rich massive sulphide intercept (closely approximately true width)
east of the historic E&L deposit in a new discovery zone unique to the Eskay Camp.
A map showing cross sections for those holes has already been posted to the home page of the Garibaldi web site
(
http://www.garibaldiresources.com/i/maps/GGI-Drill-Map-Nov-27-2017.jpg
). Below are tables for drill hole coordinates as well as significant
intervals that were reported
November 20
.
Garibaldi eagerly anticipates providing another update on the E&L Nickel Mountain program within the next several days.
Table 1: Drill hole co-ordinates for holes 1 to 4 and 14 (as per
Nov. 20
NR)
Hole
Zone
Easting*
Northing*
Elevation (mASL)
Azimuth
Dip
Length (m)
EL-17-01
Central
396103
6271502
1892
109
-80
441
EL-17-02
Central
396103
6271502
1892
92
-60
429
EL-17-03
Northwest
396119
6271498
1887
267
-70
252
EL-17-04
Discovery
396103
6271502
1892
111
-46
345
EL-17-14
Discovery
396292
6271502
1846
257
-47.5
252
*UTM Zone 9N WGS 1984
Table 2: Composite grade intervals of Ni+Cu >1% - holes 1 to 4 (as per
Nov. 20
NR)
Hole #
Interval width (from - to)
Ni %
Cu %
Co
%
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Ag
(g/t)
*Ni+Cu
(%)
EL-17-01
over 60.5m (51.0 - 111.5m)
0.54
0.53
0.016
0.217
0.343
0.201
2.6
1.07
Including
over 1.0m (102.0 - 103.0m)
1.37
2.13
0.033
1.048
1.345
1.087
9.6
3.50
EL-17-01
over 5.23m (118 - 123.23m)
0.51
0.63
0.016
0.274
0.515
0.277
4.0
1.14
EL-17-01
over 9.68m (129 - 138.68m)
0.72
0.62
0.022
0.188
0.290
0.142
3.2
1.34
EL-17-01
over 4.5m (279.5 - 284.0m)
0.29
0.80
0.012
0.603
1.261
0.602
6.3
1.10
EL-17-02
over 7.5m (117.0 - 124.5m)
0.57
0.52
0.019
0.158
0.282
0.100
3.4
1.08
EL-17-02
over 6.0m (136.5 - 142.5m)
0.37
0.74
0.014
0.483
0.602
0.470
4.6
1.12
EL-17-02
over 3.0m (150.0 - 153.0m)
0.54
0.56
0.023
0.240
0.750
0.251
2.5
1.10
EL-17-02
over 24.0m (171.0 - 195.0m)
0.56
0.65
0.020
0.282
0.597
0.264
3.3
1.21
Including
over 4.5m (175.5 - 180.0m)
0.97
1.19
0.030
0.643
1.020
0.639
6.7
2.16
EL-17-03
over 39.0m (42.0 - 81.0m)
0.91
0.74
0.028
0.266
0.437
0.224
3.2
1.65
Including
over 13.5m (49.5 - 63.0m)
1.05
1.00
0.027
0.492
0.836
0.383
4.7
2.06
And
over 3.0m (70.5 - 73.5m)
1.00
1.09
0.031
0.190
0.281
0.250
5.5
2.09
**And
over 1.5m (79.1 - 80.6m)
5.72
2.12
0.205
0.470
0.696
0.209
4.4
7.84
EL-17-04
over 48.2m (108.4 - 156.6m)
1.09
0.69
0.032
0.231
0.379
0.162
3.1
1.78
Including
over 4.8m (150.3 - 155.1m)
7.17
3.40
0.195
0.785
0.824
0.400
10.0
10.57
EL-17-04
over 12.0m (189.0 - 201.0m)
1.08
0.68
0.034
0.260
0.487
0.183
3.5
1.75
**Including
over 0.3m (195.7 - 196.0m)
3.75
1.24
0.100
0.920
1.550
0.563
4.7
4.99
**And
over 0.4m (197.1 - 197.5m)
5.88
1.70
0.160
0.770
1.100
0.249
5.4
7.58
* combined 1% nickel-copper is a minimum threshold for comparative analysis of composites.
** denotes interval of massive sulphides (
75-100
%).
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 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, 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. 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, British Columbia
. 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 sulfur 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
Everett Makela
, a Qualified Person as defined by NI-43-101.
Qualified Person Data Verification
Mr.
Everett F. 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, 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 of such procedures on site. There are no known factors that could materially
affect the reliability of data collected and verified under his onsite 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
.
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.
SOURCE
Garibaldi Resources Corp.
View original content: http://www.newswire.ca/en/releases/archive/November2017/29/c6478.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 23:34e 29-NOV-17