Garibaldi Expands on Nickel Mountain Central Zone Data
Garibaldi Expands on Nickel Mountain Central Zone
Data
TSXV: GGI
OTC: GGIFF
Frankfurt
: RQM
VANCOUVER
,
Oct. 25, 2018
/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
October 18, 2018
.
In Garibaldi's
October 18, 2018
, news release, the Company announced that initial shallow drilling in the new
Central zone intersected visually strong nickel sulphide mineralization over significant widths to a depth of 75 meters
with assays pending.
Drill hole EL-18-41 cut two zones of visually strong nickel sulphide mineralization over core lengths of 18.7 meters
(
9.58 m
to
28.3 m
) and 21.8 meters (
54.1 m
to
75.9 m
), respectively. The first zone featured variable textured
gabbro with strongly disseminated sulphides and bottomed in semi-massive and massive sulphides (50% to 98%
sulphides) over the final 1.7 meters of the zone. The second zone started at a depth of 54.1 meters and continued
to 75.9 meters, again featuring variable textured gabbro along with moderate disseminated sulphides throughout
the 21.8 meters. EL-18-41 was drilled to give geologists a better understanding of orientation of this zone to aid in
targeting for subsequent holes.
The location of hole EL-18-41 along the southwest section of the receding ice field is as follows:
Hole
Zone
Easting
Northing
Elevation
Azimuth
Dip
Length(m)
EL-18-41
Central
396181
6271502
1872
319
-70
184
UTMZone9NWGS1984
True North Azimuths
Garibaldi also announced that three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in
the Central zone, exposed by a receding ice field and featuring a classic Nickel Mountain pyrrhotite-pentlandite-
chalcopyrite mineral assemblage. XRF analysis completed on samples from the Crevasse showing supports a
grade profile consistent with the Discovery zone. A Niton XL5-Mining model XRF was utilized to analyze samples
with final results subject to confirmation by chemical analysis at SGS labs. The Company awaits the results of 16
in-situ selected samples from the Crevasse showing taken over the full length of the structure which is exposed for
34 meters and then trends under the ice in both directions (east-west).
Drilling continues at Nickel Mountain and Garibaldi eagerly anticipates providing another update on the E&L Nickel
Mountain program shortly.
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. 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
.
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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http://www.prnewswire.com/news-releases/garibaldi-expands-on-nickel-mountain-central-zone-data-300738207.html
SOURCE
Garibaldi Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/October2018/25/c6880.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 16:15e 25-OCT-18