Garibaldi Kicks Off 2019 Drilling at Nickel Mountain
Garibaldi Kicks Off 2019 Drilling at Nickel
Mountain
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER
,
June 13, 2019
/CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is
pleased to announce that its 2019 drill program has commenced at its flagship E&L nickel-copper-rich
massive sulphide discovery at Nickel Mountain in the heart of Northwest B.C.'s Eskay Camp.
Highlights:
Garibaldi's fully-funded 2019 drill program will focus on building out the five currently known mineralized
zones at the E&L deposit (Lower Discovery, Upper Discovery, Northeast, Central and Northwest)
outlined through 46 drill holes during 2017 and 2018. The E&L system is wide open for expansion to the
east, the west, the south, the north and at depth;
Garibaldi expects to significantly increase daily drilling meterage and dramatically reduce costs per meter
drilled utilizing state-of-the-art new drill rigs which require less water and fuel than comparable drills;
Assay protocols have been reviewed, changes have been implemented, and the Company expects that
turnaround times will be greatly improved;
Detailed analysis of oriented drill core, geology and key geochemical correlations at the E&L deposit are
providing valuable new insights with regard to structural controls on mineralization and drill targeting;
Lamontagne Geophysics Ltd. is continuing with borehole electromagnetic (BHEM) geophysical surveys
which have proven to be a remarkably effective tool in detecting conductive areas hosting massive
sulphides;
Garibaldi has received a Notice of Work approval from the B.C. Ministry of Mines to expand the number
of drill pad locations at the Company's Eskay Camp claim group, including Nickel Mountain, to 107.
Nickel Mountain Welcomes New Drill Rigs
Garibaldi is utilizing one of the most advanced heli-portable surface drill rigs, a DrillCo MDS 1950 with drilling
performed by ITL Diamond Drilling Ltd. The DrillCo MDS 1950 operates with 160 horsepower at the head
and can reach depths of 2,000+ meters (NQ). While providing more power than comparable conventional
drills, it also consumes an estimated 25-30% less fuel. The drills are mounted on a hydraulic powered
rotating turn table allowing for rapid azimuth and dip change, eliminating costly helicopter support to realign
drill rigs when targeting off hole anomalies. The drills also feature data logging capabilities, providing drilling
metrics on a per shift basis.
Steve Regoci
, President and CEO, commented: "This is shaping up to be an extraordinary summer of activity
in the Eskay Camp. Garibaldi looks forward to leading the charge with new discoveries at the E&L and along
the Nickel Mountain trend where the Gabbroic Complex is now known to extend for at least 12 km."
Qualified Person
Mr.
Jeremy Hanson
, P.Geo., VP Exploration Canada for the Company, and a Qualified Person as defined by
NI-43-101, has reviewed and approved the technical information in this news release.
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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SOURCE
Garibaldi Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/June2019/13/c5410.html
%SEDAR: 00004262E
For further information:
1150 - 409 Granville Street Vancouver, BC V6C 1T2, Telephone: (604) 488-8851,
Website: GaribaldiResources.com
CO: Garibaldi Resources Corp.
CNW 08:30e 13-JUN-19