TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC, Dec. 30, 2020 /CNW/ - Garibaldi Resources
Corp. (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to
announce results from the recently completed 2020 drill program,
targeting deeper extensions of the easterly plunging E&L
intrusion. Building along trend of the expanding 650 meter long
E&L footprint, hole EL-20-96 intersected a newly discovered
semi-massive sulphide zone 450 meters east of the Lower Discovery
Zone (LDZ) at a depth of 645 meters.
The new zone is along the plunge of the intrusion in the same
geological environment in which the NW and LDZ developed, and
occurs at the contact of the E&L mineralized gabbro and
Hazelton sedimentary rocks.
Detailed study of geochemical, geophysical and structural controls
supplied vectors targeting deeper areas along a 2 km long corridor.
The model provides significant potential for hosting mineralization
and multiple off hole BHEM anomalies remain to be tested.
Garibaldi's 2020 exploration season encountered significant
challenges, yet results indicate increasing scale potential at the
Company's flagship E&L project, rich in nickel-copper-cobalt as
well as palladium, platinum, gold, silver, osmium, iridium,
ruthenium and rhodium. The E&L discovery at Nickel Mountain is
the first ever magmatic massive sulphide system identified in the
Eskay Camp of Northwest British
Columbia. Key seasonal highlights are as follows:
2020 highlights:
- EL-20-96 has produced the deepest nickel-copper mineralized
intersection yet at E&L at 645 meters depth, while also
extending the Lower Discovery Zone massive sulphide on its way to
target depth. The newly discovered semi-massive sulphide at 645
meters indicates the mineralized E&L gabbro extends
significantly beyond and below the near surface mineralized
zones.
- EL-20-96 was collared near the northern part of the E&L
intrusion and drilled along trend to the southeast at 56 degrees.
It cut through a well mineralized section of the taxitic-orbicular
textured gabbro intersecting 132.38 meters of 0.62% Ni and 0.51%
Cu. It pierced through 3.98 m of high
grade massive sulphide extending the LDZ 5 meters to the north.
- EL-20-96 also produced an 18.5meter interval including the
lower section of the orbicular gabbro and top portion of the LDZ
significantly enriched in palladium and platinum, grading 3.75 g/t
Pd, 1.86 g/t Pt. and 1.58 g/t Au. Notably, this hole intercepted a
series of gabbros from surface to over 640 meters.
- EL-20-95 was also drilled in the northern part of the E&L
intrusion. It cut a 128.15 meter interval of 0.34% Ni and 0.37% Cu,
including a 2.15m interval of
disseminated and semi-massive Cu-PGE mineralization in a
transitional zone between E&L and Nickel Mountain gabbro,
grading 1.05% Ni, 3.0% Cu, 5.03 g/t Pd, 2.87 g/t Pt and 2.6 g/t Au,
and located 28 meters north of the LDZ in an area open for
expansion. A 15m intersect returning
0.17% Ni and 0.21% Cu was discovered 90 meters below the LDZ and
remains open indicating extensive room to explore this NE-SW trend
of the E&L system
- EL-20-91 was collared 500m
southeast of the E&L intrusion and drilled steeply to the NE
along the interpreted trend of the 2 km E&L corridor. The hole
cut through Hazelton sediments and
1.6 meters of semi-massive sulphides at the Hazelton-gabbro contact. The hole intersected
101.36 meters of mineralized E&L gabbro grading 0.18% Ni and
0.16% Cu from 366.14-467.5m. The top
49.5m of the interval is composed of
a taxitic melagabbro. The bottom 51.68m is composed of a massive olivine
pyroxenite. Hole 91 reinforces the interpretation that massive
sulphides form along the contact of the E&L gabbro with the
Hazelton group. This area remains
open and is highly prospective.
- EL-20-90 was collared at the southern extension of the E&L
intrusion and extended the near surface mineralization 29 meters
south by cutting 15.37 meters of 0.95% Ni and 0.66% Cu
mineralization starting at surface. The hole also intersected 30
meters of mineralized gabbro on the south side of the LDZ.
- EL-20-89 produced the longest nickel-copper mineralized
intersection yet over 151.66 meters (see news release dated
September 11, 2020) of 0.56% Ni and
0.61% Cu. The greatly expanded 650m
E&L footprint represents over a three-fold extension of the
mineralized strike length from the start of the 2020 exploration
season.
Garibaldi successfully advanced the Company's Flagship E&L
project at Nickel Mountain as well as numerous other targets
throughout the property, including the Company's more accessible
Casper high grade quartz gold vein system which progressed to drill
readiness. Garibaldi completed four diamond drill holes at Casper
by the holiday break, assays are pending.
Expanded 2020 regional prospecting resulted in new surface
discoveries, including outcropping mineralized gabbro at Mount
Shirley 14km to the NNE of E&L. The strike length of the Nickel
Mountain Gabbroic Complex (NMGC) is over 15km and remains open.
Assays of up to 2.09% Ni and 4.59% Cu confirm magmatic sulphide
mineralization outcrop at a second location within the highly
prospective 180 sq.km Eskay claim group. Magmatic sulphides with
orbicular and taxitic-textured melagabbros west of E&L also
show strong potential for new mineralized zones.
Jeremy Hanson, Garibaldi
VP-Exploration, stated "We are very encouraged with the results of
the 2020 drilling program. Our planning and analysis lead to the
discovery of a new mineralized zone 650
m along trend of the E&L system. We have significantly
enhanced the footprint with these large step-out holes and are well
on our way to tracking down new mineralized zones along the E&L
corridor."
Dr. Peter Lightfoot, Garibaldi
Technical Advisor, noted that: "The 2020 exploration program has
confirmed the modelled plunge extent of mineralized E&L type
gabbros is open at depth, and it has identified important
indications of magmatic sulphides associated with outcrops of
gabbros and boulders at two locations on the property. Drill hole
EL-20-95 encountered a new style of high-grade mineralization in a
transition zone between the E&L intrusion and the Nickel
Mountain gabbro. The two intrusions are likely closely related in
time and space, so this information provides a new focus for the
evaluation of gabbros along the 15 km strike length. These
discoveries collectively provide an important new focus for the
2021 work program at Nickel Mountain."
Significant Assay Results for Drill Holes EL-20-90 to 96
Hole
(#)
|
Interval Width
(from – to)
|
Ni
(%)
|
Cu
(%)
|
Co
(%)
|
Pt
(g/t)
|
Pd
(g/t)
|
Au
(g/t)
|
Ag
(g/t)
|
EL-20-96
|
over 132.38 m (31.5
–163.88 m)
|
0.62
|
0.51
|
0.02
|
0.24
|
0.51
|
0.21
|
2.82
|
including
|
over 74.92 m (88.96
–163.88 m)
|
0.99
|
0.83
|
0.03
|
0.42
|
0.88
|
0.36
|
3.93
|
**including
|
over 3.98 m (159.9 –
163.88 m)
|
6.69
|
3.07
|
0.2
|
0.95
|
2.02
|
0.46
|
7.19
|
*including
|
over 18.5 m (144 –
162.5 m)
|
5.25
|
4.15
|
0.25
|
1.86
|
3.75
|
1.58
|
30.79
|
including
|
over 4.5 m (644.98 –
649.48 m)
|
0.55
|
0.50
|
0.05
|
0.02
|
0.02
|
0.02
|
0.55
|
*including
|
over 1.43 m (646 –
647.43 m)
|
1.05
|
0.51
|
0.1
|
0.01
|
0.03
|
0.03
|
0.65
|
|
|
|
|
|
|
|
|
|
EL-20-95
|
over 128.15 m (0 –
128.15 m)
|
0.34
|
0.37
|
0.01
|
0.19
|
0.34
|
0.18
|
1.72
|
including
|
over 94.9 m (0 – 94.9
m)
|
0.37
|
0.36
|
0.01
|
0.15
|
0.25
|
0.15
|
1.28
|
including
|
over 59.11 m (22.9 –
82.01 m)
|
0.45
|
0.43
|
0.02
|
0.18
|
0.29
|
0.19
|
1.42
|
and
|
over 2.15 m (126 –
128.15 m)
|
1.25
|
3.00
|
0.02
|
2.87
|
5.03
|
2.66
|
18.53
|
and
|
over 6 m (172.9 –
178.9 m)
|
0.22
|
0.28
|
0.01
|
0.04
|
0.17
|
0.03
|
1.19
|
and
|
over 36 m (190.9 –
226.9 m)
|
0.12
|
0.13
|
0.01
|
0.02
|
0.08
|
0.02
|
1.67
|
including
|
over 15 m (211.9 –
225.9 m)
|
0.17
|
0.21
|
0.01
|
0.03
|
0.11
|
0.03
|
2.5
|
|
|
|
|
|
|
|
|
|
EL-20-91
|
over 101.36m
(366.14–467.5 m)
|
0.18
|
0.16
|
0.01
|
0.02
|
0.04
|
0.01
|
1.03
|
including
|
over 49.5 m
(366.14–415.64 m)
|
0.16
|
0.15
|
0.01
|
0.01
|
0.02
|
0.01
|
0.94
|
including
|
over 1.6 m (366.14 –
367.74 m)
|
0.84
|
0.53
|
0.08
|
0.01
|
0.02
|
0.01
|
3
|
and
|
over 51.86 m (415.64
–467.5 m)
|
0.19
|
0.17
|
0.02
|
0.03
|
0.06
|
0.02
|
1.12
|
and
|
over 0.75 m (448.75 –
449.5 m)
|
0.70
|
0.73
|
0.07
|
0.05
|
0.05
|
0.02
|
4
|
|
|
|
|
|
|
|
|
|
EL-20-90
|
over 15.37 m (0 –
15.37 m)
|
0.95
|
0.66
|
0.02
|
0.18
|
0.29
|
0.18
|
2.05
|
and
|
over 30 m (120.5 –
150.5 m)
|
0.41
|
0.07
|
0.02
|
0.01
|
0
|
0
|
0.5
|
and
|
over 7.5 m (140 –
147.5 m)
|
0.80
|
0.19
|
0.04
|
0.01
|
0.01
|
0
|
0.5
|
|
|
|
|
|
|
|
|
|
**Massive sulphides (75-100%); *Semi-massive sulphides
(50% - 75%).
Intervals are core lengths (true widths are estimated to be
80% of reported intervals)
Drill Hole Coordinates Table for Holes
EL-20-90 to 96
Hole
(#)
|
Zone
|
Easting*
|
Northing*
|
Elevation
(MASL)
|
Azimuth
|
Dip
|
Length
(m)
|
EL-20-96
|
E&L
Zone
|
396122
|
6271518
|
1889
|
121
|
-56
|
762
|
EL-20-95
|
E&L
Zone
|
396182
|
6271505
|
1868
|
253
|
-80
|
320
|
EL-20-94
|
exploration
|
395938
|
6271407
|
1759
|
40
|
-75
|
250
|
EL-20-93
|
exploration
|
396675
|
6271391
|
1791
|
234
|
-75
|
873.5
|
EL-20-92
|
E&L
Zone
|
396509
|
6271235
|
1699
|
314
|
-61
|
446
|
EL-20-91
|
E&L
Zone
|
396509
|
6271234
|
1699
|
310
|
-72
|
494.5
|
EL-20-90
|
E&L
Zone
|
396145
|
6271464
|
1881
|
106
|
-58
|
201.5
|
*UTM zone 9N WGS 84
EL-20-94, 93 and 92 were exploratory holes. Hole 94 was a 200
meter step out to the southwest of the E&L surface expression.
Hole 93 was a step out 700 meters to the east of the E&L and
Hole 92 was drilled 500 meters southeast of the E&L. These
holes targeted structural contacts that did not return significant
results but confirmed the presence of the intrusive, hole 92 cut
through 118 meters of high MgO gabbro providing a vector towards
potential mineralized E&L gabbro nearby.
Steve Regoci, President &
CEO, stated: "Garibaldi management is very pleased with the
progress made during the 2020 exploration season. Important gains
have been made expanding the E&L strike length and tracking
widespread nickel-copper mineralization deeper at Nickel Mountain.
Our plans for 2021 remain focused on identifying the conduit
pathways for E&L mineralization which contains critical battery
metals that are ideally suited for the rapidly developing electric
vehicle markets."
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
geoscientist and selected intervals were sampled. HQ and NQ 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.
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 section of rock approximately
0.16cm2 per measurement and results are not
representative of the overall rock or material.
Qualified Person & Data Verification
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. 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 of British
Columbia and Mexico.
We seek safe harbour.
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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content:http://www.prnewswire.com/news-releases/garibaldi-drills-deepest-nickel-copper-yet-at-el-301199297.html
SOURCE Garibaldi Resources Corp.