|October 13, 2017|
Garibaldi Builds On Nickel Mountain Discovery
|Vancouver, British Columbia, October 13, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that an ongoing drill program utilizing two rigs continues to expand northwest British Columbia's first nickel-copper rich sulphide system at the Company's 100%-owned Nickel Mountain Project near Eskay Creek. |
"When viewed in a global context," Dr. Lightfoot continued, "Nickel Mountain is a classic example of an intrusion produced by open system emplacement of silicate and sulphide magma through a dynamic magma tube within a differentiated gabbroic complex. This intrusion represents an open system magma highway along which successive batches of silicate and sulphide magma were emplaced."
New Discovery Zone
Two drill rigs have completed 12 holes so far, totaling just over 3,000 meters at Nickel Mountain. Current drilling, aided by SJ Geophysics Volterra borehole EM technology, is focused on a new discovery area beginning approximately 100 meters east-southeast of the historic northwest zone highlighted by Silver Standard's 37.8-meter intercept grading 1.3% nickel and 0.79% copper (DDH-04-1966) in a disseminated halo. Borehole data and visual analysis of highly mineralized intersections from this new discovery zone are vectoring geologists toward an interpreted massive sulphide core.
While the nickel-copper-rich system remains open in all directions at Nickel Mountain, at least two km of prospective ground exists to the east-southeast while a northeast trend of geophysical anomalies and surface mineralization continues for at least 6 km.
Steve Regoci, President and CEO of Garibaldi, stated: "Both the scale and the grade potential of Nickel Mountain fit the profile of the rich Eskay district. Shallow drilling half a century ago that discovered the northwest zone literally just scratched the surface of Nickel Mountain."
Mr. Everett F. Makela, P.Geo., Director and VP Exploration Canada for the Company, a Qualified Person as defined NI-43-101, has reviewed and approved the scientific and technical disclosure in this news release.
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.
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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