TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Jan. 22, 2020 /CNW/ - Garibaldi Resources
(TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce
wide near-surface intervals of nickel-copper-rich mineralization
from nine more drill holes at Nickel Mountain in the heart of the
Eskay Camp, in addition to important new intersections of massive
sulphide that continue to build out this unique discovery in
Northwest British Columbia.
Significant advances are being made at understanding the
emplacement of E&L mineralization along structural contacts. In
addition, key geochemical and geophysical markers related to
high-grade mineralization are being unraveled and are instrumental
in detecting and tracking new massive sulphide mineralization
toward projected pathways.
Highlights:
- EL-19-75 has extended the Lower Discovery Zone (LDZ) 25 meters
to the north where it remains open, cutting 2.14 meters of 7.1%
nickel and 3.9% copper within a broader 90-meter mineralized
interval. More significantly, this intersection demonstrates a
contact-style massive sulphide along the eastern wall of the
E&L main chamber. This greatly expands the potential for a
shell of continuous massive sulphides along the country rock
contact within this segment of the E&L intrusion;
- EL-19-74 has cut 5.98 meters grading 6% nickel and 2.6% copper,
extending the Northeast zone eight meters to the east;
- EL-19-72 (4.4 meters @ 2.6% nickel and 0.93% copper starting
just 39.5 meters downhole) provides additional support for the
presence of a new near-surface, flat-lying massive-semi-massive
sulphide zone (adjacent to the Central zone) with a minimum 50
meters of strike length;
- El-19-67 has intersected two intervals of mineralized gabbro
well below the LDZ, indicating the main E&L chamber is
connected to the second deeper chamber confirmed by earlier drill
holes EL-19-54 & EL-64. Elevated Cu-Ni ratios, total precious
metals and metal tenors indicate the potential for a high grade or
enriched Cu-PGE zone along trend;
- Two important geophysical anomalies ("F" and "Q"),
approximately 700 meters southeast and nearly 1,000 meters south of
the historic E&L deposit, respectively, are being revisited for
their potential to greatly expand the nickel sulphide footprint at
Nickel Mountain, underscoring the scale of this system. Mira
Geoscience, an industry leader in advanced geological modelling, is
making a third-party independent presentation regarding these
intriguing anomalies at the AME Roundup in Vancouver Wednesday,
January 22.
Jeremy Hanson, Garibaldi
VP-Exploration, stated, "EL-19-75 significantly expands the
potential for shallow massive sulphide as it represents a gradual
change into contact style mineralization along the eastern wall of
the E&L main chamber, which could rim the majority of the
chamber wall, possibly linking the LDZ to the NE zone with massive
sulphides. Hole 67 was key as it intercepted the mineralized
E&L gabbro conduit below EL-19-65, taking the continuous
mineralized system deeper with the possibility this will lead to
one or more new massive sulphide zones."
Dr. Peter Lightfoot, Garibaldi
Technical Adviser, commented: "Geochemical data from holes 66
through 75 provide important new clues for the location of
additional segments of the E&L Intrusion at depth below and to
the east of the E&L mineral zone. The discovery of elevated
Nickel tenor at depth below the E&L strongly supports the idea
that the open system intrusion has extensive exploration
potential."
With global top tier nickel-copper massive sulphide grades, a
unique mineral suite rich in strategic metals, and a rising trend
in commodity prices, Garibaldi is well positioned for the global
green revolution and the urgent demand to replace depleting metal
inventories critical to advanced battery technology.
Significant Assay Results for Drill Holes EL-19-66 to
EL-19-75
(EL-19-71 was previously reported, Dec. 20, 2019)
Hole
#
|
Interval width
(from - to)
|
Ni
%
|
Cu
%
|
Co
%
|
Pt
(g/t)
|
Pd
(g/t)
|
Au
(g/t)
|
Ag
(g/t)
|
EL-19-75
|
over 89.73m (55.25 -
144.98m)
|
0.82
|
0.75
|
0.02
|
0.298
|
0.553
|
0.275
|
3.91
|
including
|
over 54.4m (55.25 -
109.65m)
|
0.74
|
0.77
|
0.02
|
0.350
|
0.661
|
0.323
|
3.65
|
**including
|
over 0.11m (99.62 -
99.73m)
|
8.51
|
3.88
|
0.15
|
5.100
|
7.990
|
5.160
|
19.00
|
**including
|
over 0.15m (103.87 -
104.02m)
|
6.68
|
2.25
|
0.18
|
1.170
|
1.600
|
0.339
|
13.00
|
including
|
over 3.75m (117.75 -
121.50m)
|
1.39
|
1.06
|
0.04
|
0.281
|
0.439
|
0.327
|
4.76
|
**including
|
over 0.3m (118.2 -
118.5m)
|
6.76
|
3.11
|
0.20
|
0.590
|
1.040
|
0.414
|
10.00
|
and
|
over 16.25m (130.75 -
147m)
|
1.60
|
1.19
|
0.05
|
0.349
|
0.631
|
0.300
|
7.20
|
*including
|
over 0.2 m (142.15 -
142.35m)
|
5.38
|
1.92
|
0.17
|
1.250
|
2.030
|
1.590
|
6.00
|
**including
|
over 2.14m (142.84 -
144.98m)
|
7.08
|
3.88
|
0.20
|
0.697
|
0.925
|
0.358
|
22.07
|
|
|
EL-19-74
|
over 12.5m (93.5 -
106m)
|
3.33
|
1.61
|
0.095
|
0.356
|
0.413
|
0.345
|
5.27
|
**including
|
over 5.98m (97.45 -
103.43m)
|
5.99
|
2.63
|
0.173
|
0.525
|
0.631
|
0.394
|
7.19
|
*including
|
over 7.67m (96.58 -
104.25m)
|
5.28
|
2.38
|
0.151
|
0.493
|
0.589
|
0.429
|
6.72
|
and
|
over 36m (114 -
150m)
|
0.56
|
0.48
|
0.015
|
0.226
|
0.445
|
0.217
|
2.75
|
and
|
over 2.78m (157.1 -
159.49m)
|
0.61
|
0.55
|
0.025
|
0.059
|
0.073
|
0.122
|
3.71
|
|
EL-19-72
|
over 17.54m (27.46 -
45m)
|
1.02
|
0.56
|
0.040
|
0.146
|
0.249
|
0.069
|
1.80
|
*including
|
over 4.4m (39.5 -
43.9m)
|
2.61
|
0.93
|
0.111
|
0.223
|
0.378
|
0.106
|
2.42
|
|
EL-19-71
|
over 77.93m (80.2 -
158.1m)
|
1.41
|
1.00
|
0.038
|
0.457
|
1.064
|
0.309
|
3.60
|
*including
|
over 0.28m (80.2 -
80.48m)
|
1.12
|
0.79
|
0.100
|
0.120
|
0.443
|
0.227
|
1.00
|
**including
|
over 4.34m (142.5 -
146.84m)
|
7.94
|
5.85
|
0.157
|
2.733
|
7.048
|
1.748
|
15.81
|
**including
|
over 0.56m (147.7 -
148.3m)
|
7.62
|
5.18
|
0.190
|
3.810
|
5.840
|
1.410
|
13.00
|
**including
|
over 4.98m (152.5 -
157.5m)
|
7.66
|
3.45
|
0.201
|
1.566
|
3.252
|
1.031
|
8.51
|
and
|
over 14.99m (142.5 -
157.49m)
|
5.25
|
3.21
|
0.122
|
1.530
|
3.679
|
0.934
|
8.20
|
|
EL-19-70
|
over 19.97m (74.03 -
94m)
|
1.02
|
0.88
|
0.027
|
0.476
|
0.915
|
0.469
|
4.57
|
**including
|
over 0.15m (92.98 -
93.13m)
|
5.65
|
0.61
|
0.169
|
0.180
|
0.240
|
0.037
|
2.00
|
|
EL-19-69
|
over 68.53m (75.5 -
144.03m)
|
0.46
|
0.39
|
0.018
|
0.175
|
0.355
|
0.154
|
3.63
|
including
|
over 43.31m (75.5 -
118.8m)
|
0.35
|
0.39
|
0.015
|
0.188
|
0.403
|
0.199
|
3.81
|
including
|
over 20.43m (123.6 -
144m)
|
0.78
|
0.46
|
0.025
|
0.175
|
0.305
|
0.091
|
3.63
|
**including
|
over 1.02m (138.7 -
139.8m)
|
7.04
|
2.38
|
0.218
|
0.414
|
0.693
|
0.150
|
5.96
|
|
EL-19-68
|
over 18.7m (50 -
68.7m)
|
0.41
|
0.32
|
0.016
|
0.126
|
0.265
|
0.107
|
0.72
|
|
EL-19-67
|
over 12.55m (82.45 -
95m)
|
1.54
|
1.29
|
0.041
|
0.328
|
0.511
|
0.339
|
4.63
|
and
|
over 44.38m (112.6 -
156.9m)
|
0.36
|
0.42
|
0.022
|
0.125
|
0.466
|
0.103
|
1.21
|
or
|
over 18.93m (138 -
156.9m)
|
0.45
|
0.51
|
0.025
|
0.181
|
0.636
|
0.128
|
1.73
|
and
|
over 11.84m (173.7 -
185.5m)
|
0.28
|
0.68
|
0.012
|
0.467
|
0.912
|
0.524
|
6.14
|
and
|
over 10.5m (202.5 -
213m)
|
0.31
|
0.37
|
0.016
|
0.103
|
0.433
|
0.079
|
5.00
|
|
|
|
|
|
|
|
|
|
EL-19-66
|
over 15.8m (27 -
42.8m)
|
0.50
|
0.48
|
0.019
|
0.164
|
0.240
|
0.104
|
1.05
|
*including
|
over 0.3m (42.5 -
42.8m)
|
1.45
|
1.94
|
0.066
|
0.220
|
0.239
|
0.049
|
3.00
|
|
|
|
|
|
|
|
|
|
|
*denotes
semi-massive sulphide (50 - 75% sulphide) and massive sulphide
(>75% sulphide)
|
**denotes
interval of massive sulphide (>75% sulphide)
|
Intervals are
measured core lengths (true widths are estimated to be 80% of
reported intervals).
|
Massive sulphides
have not yet been assayed for PGE rare metal
|
EL-19-66 was drilled to the southwest, intersecting near-surface
disseminated and semi-massive sulphide mineralization indicating
the NW zone contact style mineralization continues along the
E&L chamber wall towards the south.
EL-19-68 was drilled south and intercepted disseminated
mineralization at the southern extend of the E&L chamber.
EL-19-69 was drilled from the glacier to the southeast targeting
an area immediately below the Upper Discovery Zone. This hole
intersected over 68 meters of disseminated mineralization including
1.02 m massive sulphide grading 7.04%
Ni and 2.38% Cu, approximately 8 meters below the LDZ, indicating
that massive sulphides may extend below the UDZ towards the LDZ
along structures or the E&L chamber wall.
EL-19-70 was drilled to the southwest targeting the UDZ/E&L
chamber contact which was intercepted at 93 meters where strongly
disseminated mineralized E&L gabbro transitions into massive
sulphide at the Hazelton contact.
This hole intercepted 20 meters of 1.02% Ni and 0.88% Cu in a
southeastern limb of the E&L chamber.
EL-19-73 was drilled to the northwest and intersected a series
of Nickel Mountain gabbros and Hazelton sediments.
Drill Hole Coordinates Table for Holes EL-19-66 to 75
Hole
|
Zone
|
Easting*
|
Northing*
|
Elevation
(MASL)
|
Azimuth
|
Dip
|
Length
(m)
|
EL-19-75
|
Discovery
|
396145
|
6271494
|
1878
|
084
|
-54
|
215
|
EL-19-74
|
NE Zone
|
396160
|
6271560
|
1865
|
136.5
|
-47
|
200
|
EL-19-73
|
Exploration
|
396342
|
6271495
|
1836
|
039
|
-45
|
476
|
EL-19-72
|
Gulley
|
396143
|
6271490
|
1878
|
132
|
-51
|
232
|
EL-19-70
|
UDZ
|
396239
|
6271502
|
1859
|
220
|
-61
|
127
|
EL-19-69
|
UDZ
|
396158
|
6271559
|
1866
|
162
|
-46
|
199
|
EL-19-68
|
Exploration
|
396140
|
6271492
|
1879
|
180
|
-79
|
276
|
EL-19-67
|
Exploration
|
396239
|
6271504
|
1859
|
269
|
-77.5
|
263
|
EL-19-66
|
NW Zone
|
396137
|
6271491
|
1880
|
225
|
-50
|
310
|
Anomalies "F" and "Q"
Recent reviews of geophysical magnetic data from anomalies below
the E&L mineral zones remain unexplained after analysis of
drill core samples from very limited drilling of these anomalies
failed to provide an adequate explanation as to their source. The
known massive sulphide mineralization at Nickel Mountain is highly
magnetic, yet drill holes into these anomalies showed low magnetic
susceptibility. Both anomalies have been the subject of recent
magnetic inversion work and subsequent remodeling of data, which
for example, has shifted the center and the shape of the "Q"
anomaly indicating that the only two drill holes that tested the
"Q" missed their intended target. As a result the "Q" anomaly
remains a high priority target for the 2020 season, as does anomaly
"F" to the southeast where freshly discovered outcrop has
encouraged geologists.
Roundup 2020
Mira Geoscience, an industry leader in advanced geological
modelling, will use the Nickel Mountain Project as their
presentation focus Wednesday, January
22, during AME Roundup in Vancouver (iHub innovation stage-geophysics,
Trade Show level) beginning at 10:45
am Pacific. Thomas Campagne,
P.Geo., will present modelling work completed with Julia King and Alan
King of Geoscience North for the Nickel Mountain
Project.
Updated E&L-Nickel Mountain Section Map
Visit GaribaldiResources.com today for an updated map of
the E&L system.
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.
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 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.