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Garibaldi Resources Corp
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September 14, 2018 Garibaldi Accelerates Buyout of Strategic Claims at Nickel Mountain Vancouver, British Columbia, September 14, 2018 - Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that with three drill rigs currently building out the Nickel Mountain magmatic nickel-copper-rich sulphide discovery in the heart of Northwest B.C.'s Eskay Camp, Company directors have approved an accelerated buyout for a 100% interest in 766 strategic hectares subject to a 2% NSR royalty (refer to June 15, 2016, news release). No NSR royalty is applicable to the balance of the Nickel Mountain Project (an additional 5,534 hectares) covering a multi-kilometer-long prospective nickel sulphide trend and owned 100% by Garibaldi. Garibaldi has issued a notice to the underlying vendor of the 766 hectares ("E&L" claims) that it will immediately exercise its option for a 100% interest by paying a balance of $60,000 CDN and issuing 550,000 shares of the Company's common stock. Meanwhile, Garibaldi eagerly anticipates providing shareholders with an exploration update including initial assay results from the ongoing 2018 program during the week of September 17.
Massive Sulphides Mount Up at Garibaldi's Nickel Mountain Drill Results Nickel Golden Triangle EL-18-22, collared 186 meters (m) west-southwest of EL-17-14, intersected 12.5 m @ 4.3% Ni and 2.7% Cu plus three additional mineralized zones (21 m, 28.7 m and 11.4 m) within the first 150 m (extends the massive sulphide zone 42 m west-southwest of EL-17-14 massive sulphide zone) EL-18-20, collared 75 m west of EL-17-14, intersected 30.5 m @ 3.1% Ni and 1.9% Cu including 8.4 m @ 7.8% Ni and 3.3% Cu (extends the massive sulphide zone 20 m west of EL-17-14) EL-18-19, collared 75 m west of EL-17-14, intersected 34.9 m @ 2.0% Ni and 1.6% Cu including 5.7 m @ 7.3% Ni and 5.1% Cu (extends the massive sulphide zone 14 m west-southwest of EL-17-14) EL-18-16, collared 76 m west of Discovery Hole EL-17-14, intersected 34.1 m @ 2.4% Ni and 1.5% Cu including 7.4 m @ 7.9% Ni and 3.9% Cu (extends the massive sulphide zone 50 m southeast of EL-17-14) www.juniorminingnetwork.com/junior-mi...
Nickel Mountain Massive Sulphides Mount Up Vancouver, British Columbia, September 24, 2018 – Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that assays from the first holes of the continuing drill program at its 100%-owned Nickel Mountain Project in the Eskay Camp have confirmed wide intervals of near-surface nickel-copper-rich sulphide mineralization, also including cobalt, platinum, palladium, gold and silver, in all directions surrounding the 2017 Discovery zone. Drilling in the coming days will step out as much as 1.3 kilometers northeast of the Discovery zone to target a potential major expansion of the Golden Triangle’s first magmatic nickel-copper-rich sulphide system. With three drill rigs at Nickel Mountain, 11 miles southwest of the Eskay Creek mine, Garibaldi continues to build out the Discovery zone while stepping out aggressively in all directions. Drilling highlights (assayed holes): EL-18-22, collared 186 meters (m) west-southwest of EL-17-14, intersected 12.5 m @ 4.3% Ni and 2.7% Cu plus 3 additional mineralized zones (21 m, 28.7 m and 11.4 m) within the first 150 m (extends the massive sulphide zone 42 m west-southwest of EL-17-14 massive sulphide zone) EL-18-20, collared 75 m west of EL-17-14, intersected 30.5 m @ 3.1% Ni and 1.9% Cu including 8.4 m @ 7.8% Ni and 3.3% Cu (extends the massive sulphide zone 20 m west of EL-17-14) EL-18-19, collared 75 m west of EL-17-14, intersected 34.9 m @ 2.0% Ni and 1.6% Cu including 5.7 m @ 7.3% Ni and 5.1% Cu (extends the massive sulphide zone 14 m west-southwest of EL-17-14) EL-18-16, collared 76 m west of Discovery Hole EL-17-14, intersected 34.1 m @ 2.4% Ni and 1.5% Cu including 7.4 m @ 7.9% Ni and 3.9% Cu (extends the massive sulphide zone 50 m southeast of EL-17-14) Melting Icefield Exposes Massive Sulphides North Of Discovery Zone The peak of the summer ice melt has exposed a “ring” of never previously seen Nickel Mountain mineralization including massive sulphide outcrops and a massive sulphide boulder train around the receding margins of the E&L icefield, which is up to 1.6 km long and up to 1 km wide, immediately adjacent to the Discovery and Northwest zones. Significantly, geologists have also identified variable textured gabbro (taxite, a key indicator) outcropping at the northern edge of the icefield, coincident with an encouraging VTEM geophysical signature and 1,300 m from EL-17-14. Sampling and mapping of these important new surface discoveries continues. Drilling will test the possibility that this very broad area untested beneath the ice hosts nickel-copper-rich sulphide mineralization at depth. Steve Regoci, President and CEO of Garibaldi, commented: “The potential scale of the Nickel Mountain system, and the high grades and metal tenors confirmed within the growing footprints of the Discovery zone-Northwest zone corridor, continue to excite our team of nickel sulphide experts. We’ve already more than doubled last year’s total meters drilled (8,000 m vs. 3,671 m, drilling of hole #36 is now in progress) and we’ve started the process of stepping out dramatically in multiple directions from the Discovery zone to follow both the geology and our state-of-the-art geophysics data from borehole EM and VTEM. “We now expect a steady flow of results and a very exciting fourth quarter as drilling extends deep into the season to capitalize on the growing opportunity for new discoveries. Geologists are targeting the mineralized ‘throat’ areas of an extensive magmatic system. Our current working capital position is very strong at $20 million,” Regoci concluded. Dynamic Magmatic Sulphide System With Deep Roots Dr. Peter Lightfoot, one of the world’s premier nickel sulphide experts and Garibaldi’s technical advisor, commented: “The strong endowment of the massive and disseminated sulphide mineralization at Nickel Mountain is directly related to olivine gabbros that exhibit an unusual variable texture in drill core and outcrop. These rocks are grouped as taxites. A 3D geological model for the mineral zones and the host rocks is evolving as drilling and surface mapping uncovers more information to anchor the geometry of the contacts and the structures that offset the Intrusion. “It is now clear that the E&L Nickel Mountain Intrusion comprises at least three structurally offset segments, and all three contain disseminated and massive sulphide mineralization. Moreover, petrological and geochemical investigations of the taxitic gabbros indicate that the roots of the Intrusion extend at least 462 meters beneath the E&L, where EL-18-18 intersected taxitic gabbro from 421.1 to 462.5 m, and more widely within the Nickel Mountain Gabbro Complex extending well beyond the Discovery zone. “There is strong evidence for an open-system emplacement history through ‘magma highways from the mantle’, indicating a mineralizing event of considerable scale with nickel grades in massive sulphides that are in the very top echelon,” Dr. Lightfoot concluded. Everett Makela, Garibaldi VP-Exploration, stated: “Of particular importance is the recognition of the taxites, variable textured olivine gabbros, as the productive rock units of the Intrusion. Identification of this conduit architecture has been fundamental to our exploration success. The discovery of outcrops of melagabbros with taxitic textures 1.3 km to the northeast on the edge of the receding glacier, and massive sulphide boulders located along the glacier margins, speak to the potential of greatly expanding the scale of this fertile environment as we know it.”
Table 1: Composited grade intervals of holes 15 to 22 (>1% Ni+Cu) Combined 1% nickel-copper is a minimum threshold for comparative analysis of composites. **Denotes massive sulphides (>75% sulphides). *Denotes semi-massive sulphides (50% to 75% sulphides). Intervals are core lengths (true widths unknown at this time). Table 2: 2018 Drill hole collar co-ordinates for holes 15 to 22 Regional Exploration Update A property-wide program of mapping and prospecting is ongoing, focusing on VTEM anomaly areas, outcrop exposures along the interpreted northeast trend of the E&L Nickel Mountain Intrusion, and key drainage areas. In conjunction with this program, additional VTEM surveys have been flown to validate and expand upon previous survey results and provide detailed coverage over newly-identified prospective areas. An update on the results will be provided when all data has been validated and incorporated into the exploration model. Maps and Photos Updated schematic cross-section and plan view maps will be posted this morning on the Garibaldi web site (GaribaldiResources.com), or visit the following URL:www.marketsmartnewsletter.com/Garibal... 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 or under the supervision of an accredited professional geoscientist and selected intervals were sampled. NQ2 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, B.C. 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. Two certified ore assay laboratory standards and one blank standard were used in the process and were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, B.C. Samples were submitted to SGS Canada Inc. in Vancouver, B.C., an ISO 9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), Fire Assay and Leco methods. Samples were prepared by crushing the entire sample to 75%, passing 2 mm, 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 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 Everett Makela, P.Geo., a Qualified Person as defined by NI-43-101. Qualified Person & Data Verification Mr. Everett Makela, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as defined by NI-43-101, has supervised the preparation of, and has reviewed and approved of, the disclosure of information in this news release. Mr. Makela has verified the data, including drilling, sampling, test and recovery data by supervising all 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 Mexico and British Columbia.
Garibaldi en Metallis zijn niet duur op dit moment en er komt heel veel nieuws in de komende tijd.
GGI verhaaltjes lijken ze vooralsnog niet meer in tegeloven.web.tmxmoney.com/quote.php?qm_symbol=ggi
easy56 schreef op 25 september 2018 15:54 :
GGI verhaaltjes lijken ze vooralsnog niet meer in tegeloven.
web.tmxmoney.com/quote.php?qm_symbol=ggi Blijkbaar waren de verwachtingen een beetje te hoog.
Deze meneer is ook nogal kritisch over GGI. Persoonlijk was ik wel van ggi gecharmeerd maar ik begin er behoorlijk op terug te komen. angrygeologist.blogspot.com/
idd, een down to earth benadering is niet verkeerd. Heb ze nog en hou ze nog. Wel is mijn positie nu kleiner. tzt maar eens kijken naar de verdere resultaten.
seadoc schreef op 26 september 2018 20:15 :
Deze meneer is ook nogal kritisch over GGI. Persoonlijk was ik wel van ggi gecharmeerd maar ik begin er behoorlijk op terug te komen.
angrygeologist.blogspot.com/ Hier nog één:biiwii.com/2018/09/26/meet-garibaldis...
Als ze uit hetzelfde stuk grond telkens hun goede boorstalen halen geeft dat toch te denken. Altijd kritisch blijven...
Niet best Net als andere sprott aankopen
GGI plust 38%. Garibaldi discovers new zone at Nickel Mountain GARIBALDI DRILLS INTO NEW ZONE AT NICKEL MOUNTAIN Garibaldi Resources Corp.'s continuing drill program at Nickel Mountain, combined with surface sampling of new massive sulphide outcrops exposed by melting ice and snow, has confirmed a third discovery area known as the Central zone, which is located in between the Northwest and Discovery zones. GARIBALDI RESOURCES CORP. GGI.V 1.70 0.29 20.57% Up until this summer, much of the Central zone was covered by ice and snow. Fresh massive sulphides revealed by a receding ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L icefield to host a major expansion of the Golden Triangle's first magmatic nickel-copper-rich sulphide system which remains open in all directions. Highlights: Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization over significant widths to depths of 75 meters - deeper holes are planned; Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone, exposed by the retreating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-chalcopyrite mineral assemblage; XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile consistent with the Discovery zone. Steve Regoci, Garibaldi President and CEO, commented: The prospect of Discovery zone-type mineralization at surface, previously hidden by the ice, and at shallow depths in drilling in the Central zone is another exciting development at Nickel Mountain. Evidence points toward an Intrusive Complex with deep roots, so we look forward to continued delineation of the Central zone and a first-ever look well beneath the adjoining icefield to the north and northeast through drilling and borehole EM. Crevasse Showing Massive sulphides are exposed semi-continuously west to east for 34 meters where ice and talus overlay portions of the outcrop. The showing has a thickness of approximately four meters perpendicular to its long axis, where it extends under the ice in both directions. Massive sulphides have also been located approximately five meters below the top of the ice level in an ice cave. A total of 16 chip samples were collected along strike and have been submitted for assaying. XRF analysis of these 16 samples, plus a 392-pound block of solid massive sulphide that was cut out from the ice, suggest a grade profile consistent with the Discovery zone to the east-southeast. Gulley Showing Three separate massive sulphide outcrops have been exposed in the Central zone gulley, north to south, for a strike length of 44 meters. These were exposed by hand trenching after significant snow melt. The presence of angular sulphide boulders in the talus indicated there may be massive sulphides directly below. Cliff Showing Semi-massive and massive sulphides have been identified in Central zone cliffs where a build-up of ice and snow had previously prevented access. Sulphides are exposed trending east-west for a strike length of 21 meters along a gabbro/dyke contact. Drilling Update Garibaldi has completed 29 drill holes (10,623 meters) in its 2018 campaign or 43 altogether including the 2017 program that led to the discovery of nickel-copper-rich massive sulphides east of the historic E&L Northwest zone. Garibaldi looks forward to the release of additional assay results during this second half of October. Maps and Photos To view Nickel Mountain maps and fresh core photos for reported drill holes, please visit the Garibaldi web site (GaribaldiResources.com)www.ftmig.com/energy-mining/garibaldi...
Die stijging is al weer bijna om zeep...
Royal nickel verhaaltje ook over?
Voormalige wellgreen platinum,blijft ook niks van over. Nickel creek platinum
hosternokke schreef op 14 april 2019 12:47 :
[...]
Mooi figuur die Kramer.
Hij is een beetje laat met z'n tip.
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