Garibaldi Plans for 2021 E&L and Palm Springs Exploration
Garibaldi Plans for 2021 E&L and Palm Springs
Exploration
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC
,
May 6, 2021
/CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is
pleased to provide exploration plans designed to expand the footprint of the flagship E&L nickel-copper-cobalt-
precious-metal massive sulphide zone at Nickel Mountain, and establish new discoveries along the 15km strike-
length between the E&L and the nickel-copper outcrops identified at Mount Shirley in 2020.
The 2021 program will also explore for Eskay Creek type gold-silver rich volcanogenic-massive-sulphide (VMS)
mineralization in the Hazelton Group, which covers a significant portion of the Company's highly prospective Palm
Springs claims in the heart of the historic Eskay camp, within the Golden Triangle of northwest
British Columbia
.
The first stage of the 2021 exploration season will begin with two separate airborne geophysical surveys. Geotech
LTD.'s proprietary deep penetrating ZTEM survey will probe for conductive targets at depths far greater than
previous VTEM surveys. The ZTEM system's twofold objective is to first test the depth-extent of the battery metal-
rich E&L intrusion, and survey for E&L type conductors along the northeast gabbro trend to Mount Shirley.
The ZTEM survey will then cover the remainder of the Company's Palm Springs claims including Casper, Triple
Faults, the Eskay North block and other priority target areas, aimed at detecting conductors and stratigraphy
prospective for hosting Eskay Creek style VMS mineralization.
Garibaldi is also participating in a SkyTEM Canada Inc. survey over select high priority target areas with technology
to map the conductive and resistive properties of host rocks. The recognition of the prospective mineral potential of
the Hazelton Group's stratigraphic sequence is of great importance. Exploration in 2021 will test the mineral
potential of structures beneath the Bowser Group.
Geophysical Surveys
ZTEM will target E&L conductive mineralized gabbro below the deepest
650m
mineralized drill intercepts in
2020. The E&L massive sulphides rank amongst the highest percentile nickel-copper grades globally and
contain eleven separate metals including cobalt, palladium, platinum, gold, silver, iridium, ruthenium, osmium and
rhodium. Plans for drilling deeper ZTEM anomalies involve building drill platforms farther downslope to provide
more productive holes from lower elevations on Nickel Mountain.
Garibaldi's geological team understands the mineral potential of the
Hazelton
group to host not only magmatic
nickel-copper-cobalt massive sulphide mineralization, but also gold-silver rich VMS mineralization of the type
found at Eskay Creek
.
The SkyTEM survey will help identify stratiform rock units related to VMS formation and
precious-metal deposition.
The Eskay Camp is attracting ever more global mining interest with each new discovery. Garibaldi's VMS
prospective Palm Springs claims are bisected by the Harrymel-Unuk fault and will be the focus of more intense
exploration for new mineralized horizons. Both ZTEM and SkyTEM surveys will seek to identify key structural
trends with stratigraphic features on Garibaldi's claims, similar to those described in recent VMS discoveries
within the Eskay Camp.
Collaboration
Garibaldi Resources and neighbor Metallis Resources Inc. are sharing logistical costs on Geotech's ZTEM airborne
survey over each Company's claims. Garibaldi is also participating in neighbor Eskay Mining Corp.'s property-wide
SkyTEM survey over select target areas. Working closely with neighbors will benefit all shareholders.
Garibaldi's SkyTEM target areas, will focus on Eskay Creek type VMS stratigraphy along structural belts through its
Palm Springs claims northwest of Eskay Mining's recent TV and Jeff VMS precious-metal rich discoveries.
Garibaldi's Eskay Claim group
Recognition of the Eskay Camp's remarkable geology and exploration history is drawing significant institutional,
academic and government interest. Since last fall, Garibaldi is pleased to have been invited to participate in several
projects and studies including a Critical Metals Initiative with Natural Resources Canada, a collaborative academic-
industry project with the Mineral Deposit Research Unit of UBC targeting the metallogenic significance of the
Hazelton Group, and geophysical collaboration with Geoscience B.C.
The supportive out-reach from Government agencies both Federal and Provincial, regarding Garibaldi's E&L nickel-
copper-cobalt massive sulphide project and its highly prospective claim group, reflects its geological importance and
significant potential.
VP Exploration Jeremy Hanson stated "We have been working diligently all winter with plans for high priority targets
at Nickel Mountain aiding in tracing the E&L gabbro deeper along trend. As well, we have a number of exciting
nickel, copper, gold and zinc outcrops with potential for new discoveries. We are very eager, just like the rest of the
industry to get boots back on the ground for a very busy and exciting year."
Garibaldi presents conceptual geologic models. See new maps at www. GaribaldiResources.com.
Steve Regoci
, Garibaldi CEO, stated: "Garibaldi's Eskay Claim Group is far exceeding our expectations, the
discovery of the E&L nickel-copper massive sulphide intrusion along a prospective gabbroic belt of mineralized
intrusive now extends over 15 km and the abundance of mineralized surface showings is very impressive.
In addition to the E&L and Casper projects, the prospect of VMS gold mineralization along the anticline structures on
the Palm Springs claim block, provides a potential wealth of new exploration targets. Plans for financing an
expanded exploration program will be announced at the earliest opportunity."
Qualified Person
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.
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.
View original content:
http://www.newswire.ca/en/releases/archive/May2021/06/c9465.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 08:00e 06-MAY-21