Garibaldi Intersects Semi-Massive Nickel Sulphides Below E&l
GARIBALDI INTERSECTS SEMI-MASSIVE
NICKEL SULPHIDES BELOW E&L
TSXV: GGI
OTC: GGIFF
Frankfurt
: RQM
VANCOUVER, BC
,
Sept. 22, 2022
/CNW/ - Garibaldi Resources (TSXV: GGI) (the "
Company
" or
"
Garibaldi
") is pleased to announce that diamond drill-hole EL-22-
97b
has intersected nickel-bearing
disseminated and semi-massive sulphide mineralization. The mineralization is hosted by taxitic and
orbicular-textured gabbro and pyroxene peridotite 205 meters down-trend of the previous deepest
mineralized intercept at E&L on Nickel Mountain. The drill hole targeted the down plunge extension of
the eastern zone of the E&L Intrusion, coincident with a large-scale low resistivity / elevated
conductivity ZTEM anomaly identified last season by Geotech's deep-penetrating ZTEM survey.
Garibaldi's 2022 drill program is focused on testing several large-scale low resistivity ZTEM
anomalies within the Company's 100% owned E&L nickel-copper-cobalt massive sulphide project.
E&L mineralization also contains gold, silver, platinum group metals platinum, palladium (PGM'S)
together with rhodium, iridium, and ruthenium (collectively termed PGEs). The 180 sq. km. claim
group is centered in the heart of the Eskay District within the Golden Triangle of
Northwest British
Columbia
.
The latest intercept is in the plane of the E&L Intrusion, and rests immediately below the Eastern
Extension mineralization associated with a differentiated sequence of peridotitic and gabbroic rocks.
The complex orbicular textures in the gabbros are characteristic of the E&L Intrusion in both the
Eastern Extension and the newly identified root zone ~200m below. The target was drilled as a
major step-out from the known intrusion to establish whether a low resistivity ZTEM anomaly
beneath E&L corresponds to the plane of additional mineralized segments of the intrusion within the
plane of prospective geology. The discovery of mineralized taxitic and orbicular-textured gabbros
and pyroxene peridotite expands the potential scale of mineralization well below the previously drill
tested 600 x 650 meter plane of the mineralized E&L Intrusion. Most importantly, drill hole EL-
22-
97b
demonstrates the potential for mineralization coincident with the plane of the E&L intrusion at
depth within the anomalous zone identified by the ZTEM survey.
Exploration Highlights:
Hole EL-22-
97b
extends E&L mineralization more than 205 meters down trend from previous
drilling. The drill hole was collared
383m
downslope from EL-20-91 and 92, and
216m
east of
and below the adit, cutting through the plane of the E&L Intrusion, allowing for more efficient
drilling operations and providing an optimal Bore-hole Electro-Magnetic (BH-EM) platform for
surveying.
E&L intrusion rock types were intercepted from 440 –
480m
, and 589 –
609m
with semi-
massive sulphides occurring at 472.2 and
597.3m
. Portable XRF measurements taken on these
sulphide grains returned 2.8% Ni and 1.1% Ni, respectively. *
The sulphide-bearing rocks of the intrusion plunge for more than 800 meters and remain open
beneath the E&L Intrusion.
These intercepts of mineralized E&L type rocks are in the plane of the E&L Intrusion, and
coincide with the footprint of the previously modelled ZTEM anomaly, which extends for more
than 3 km.
The drill hole was designed to test the plane of the E&L Intrusion at depth below previous
drilling and successfully intercepted two intervals of E&L gabbro, which contain sections of
disseminated, blebby and semi massive sulphides.
The hole has been lined from top to bottom with PVC to facilitate Borehole Electromagnetic
surveys.
Jeremy Hanson
, Garibaldi VP-Exploration, stated: "We are very encouraged by the results from EL-
22-
97b
, we took a
200m
step-out down plunge and intercepted multiple intervals of mineralized E&L
type intrusive rocks with disseminated and semi-massive nickel bearing sulphides. Typically, when
we find disseminated and semi-massive sulphides, massive sulphides are not too far away."
Dr.
Peter Lightfoot
, Technical Advisor to Garibaldi, stated: "The complex assemblage of taxitic and
orbicular-textured gabbros together with olivine pyroxenite encountered in drill hole EL-22-
97b
indicates that the E&L mineral system extends to depth along the predicted planar path. Significant
exploration step-outs to test this plane will greatly improve our efforts to locate extensions of mineral
zones using borehole EM methods."
Nickel Mountain Section
Figure 1 -
West facing section showing drill trace EL-22-97b which intersected two intervals of E&L
gabbro 200m down plunge of previous drilling . Both intersections of gabbro contain sections of well
mineralized E&L gabbro with disseminated, blebby, and semi massive sulphide. The gabbro sections
occur along the plane of the E&L intrusion coincident with a large scale ZTEM resistivity anomaly
more than 3 km in depth. (CNW Group/Garibaldi Resources Corp.)
Steve Regoci
, Garibaldi CEO stated "This first hole, provides strong support for the proposition that
ZTEM responses may represent the expression of a mineralized system. We're anxious to drill test
the deep seated ZTEM targets along the 15km base metal corridor of the NMGC to Mount Shirley
for sulphide minerals."
EL-22-97 was initially collared upslope of the adit at 396390 mE 6271118mN, 1567 masl, at 367°/-
70° but failed to progress through difficult ground at
232m
. The hole was abandoned well before
target depth. EL-22-
97b
was recollared
213m
downslope at 396442 mE, 6270938mN,
1463m
masl
at 342°/-50°. This hole succeeded to target depth and encountered mineralization at the initial area
of interest targeted in EL-22-97.
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 is logged by a geoscientist and
selected intervals sampled. HQ and NQ drill core is sawn in half and each sample half is 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 is 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. *XRF measurements were taken with a Niton XL5. XRF measurements analyze a very small,
select section of material approximately 0.16cm
2
per measurement and results are not
representative of the overall rock or material.
Qualified Person & Data Verification
Jeremy Hanson
, P.Geo., 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
SOURCE
Garibaldi Resources Corp.
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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 08:00e 22-SEP-22