Giga Metals provides Turnagain project update (Vancouver, B.C., Canada) – Mark Jarvis, CEO of Giga Metals Corp. (TSX.V : GIGA,
December 2, 2024 TSX.V - GIGA
Giga Metals provides Turnagain project update
(Vancouver, B.C., Canada) – Mark Jarvis, CEO of Giga Metals Corp. (TSX.V : GIGA,
OTCQX: GIGGF) announced today that the company is in receipt of a report and
exploration recommendations by Dr. Ste phen Beresford regarding the potential for high
grade mineral targets within the Turnagain ultramafic complex.
“We wanted to get fresh eyes on our data ,” said Mr. Jarvis. “We have 383 drill holes
totalling 97,361 meters, several geochem surveys and geophysical surveys, and other data,
but more than 80% of the Turnagain complex remains unexplored or underexplored. I am
excited about the opportunity to work with Dr. Beresford, who is in the top tier of nickel
exploration geologists worldwide.”
“My mandate was to evaluate the prospectivity of potential high grade targets within the
mineralized system and to recommend an exploration program that would focus on these
targets,” said Dr. Beresford. “My conclusion is that there are several target types in play.
One important target is a potential Volkovsky type massive copper sulfide magnetite
deposit in the Attic zone. Another target is semi massive sulfide Brecia pipes within the
Attic and Bench zones, similar to Giant Mascot and Aguablanca. These and other target
types should be evaluated with a gravity survey, ground based EM and drilling.”
Historical magnetic survey data is being reprocessed to better define the geometry of the
intrusive and to help design a gravity survey.
About Giga Metals Corporation
Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British
Columbia, which contains one of the few significant undeveloped sulphide nickel and
cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned
85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. A Pre-Feasibility
Study was released in October 2023.
Technical information in this news release has been reviewed and approved by Greg Ross,
PGeo, a Qualified Person as defined by NI 43-101.
On behalf of the Board of Directors of Giga Metals Corporation
“Mark Jarvis”
MARK JARVIS,
CEO
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: [email protected]
Company Website: www.gigametals.com
Forward Looking Statements
Certain statements in this news release are forward-looking statements, which reflect the expectations of
management regarding the Turnagain Project. Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always,
using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical fact and may be "forward‐looking
statements". Such statements in this news release include, but are not limited to, statements with respect
to the potential for high grade mineral targets within the Turnagain Project and any future exploration
of such targets . Such statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the statements. No assurance
can be given that any of the events anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These forward -looking statements reflect
management's current views made in light of management's expertise and are based on cert ain
expectations, estimates and assumptions which may prove to be incorrect.. A number of risks and
uncertainties could cause our actual results to differ materially from those expressed or implied by the
forward-looking statements, including, without limi tation, the results of further exploration and risks
inherent in mining. These forward -looking statements are made as of the date of this news release and,
except as required by applicable securities laws, the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual results differed from those projected in
the forward -looking statements. Additional information about these and other assumptions, risks and
uncertainties are set out in the Company's most recent Management's Discussion & Analysis filed on the
Company's profile at www.sedarplus.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
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