|December 06, 2017|
Garibaldi Drills 7.3% Nickel And 3.3% Copper Over 9.9 Meters At Nickel Mountain
|Vancouver, British Columbia, December 6, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide the following update regarding its nickel-copper-rich massive sulphide discovery at Nickel Mountain near Eskay Creek including new high-grade drill results:|
Drill hole EL-17-09 expands the eastern discovery zone with a thick interval of nickel-copper-rich massive sulphides, along with platinum, palladium, cobalt, gold and silver, below a consistently mineralized and strongly disseminated 32.5-meter section grading 0.91% nickel and 0.69% copper (approximate true widths).
** denotes interval of massive sulphides (75-100%)
Historic Northwest Zone
Results from several Garibaldi drill holes into the northwest zone discovered through limited drilling in the 1960's support and exceed historic assays reported by Silver Standard. In addition, Garibaldi drilling and geophysics covering this zone suggest the potential for the discovery of much higher-grade material.
Northwest Zone Highlights:
** denotes interval of massive sulphides (75-100%); all intervals in each hole are approximate true widths
Drill Hole Coordinates For Holes 5 to 9
New VTEM Targets Along Nickel Mountain Corridor
Ongoing interpretation of last spring's helicopter-borne versatile time-domain electromagnetic (VTEM) and magnetics survey carried out by Garibaldi has greatly expanded the number of high-quality VTEM conductors, from five to 14, extending along a north-northeast 6 km trend from the original E&L deposit and the new massive sulphide discovery zone to the east. Each of these new conductors exhibits geophysical signatures similar to "Anomaly D" at the E&L and will be prioritized for ground-truthing in 2018 to determine if the strong conductivity is due to zones of sulphide mineralization.
Updated Drill Map with Cross-Sections
To view an updated drill map with cross-sections, please visit the home page of the Garibaldi web site (GaribaldiResources.com) where the new map will be posted this morning.
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 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, 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. 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, British Columbia. 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 sulfur 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 Everett Makela, a Qualified Person as defined by NI-43-101.
Qualified Person & Data Verification
Mr. Everett F. 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, 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 on site. There are no known factors that could materially affect the reliability of data collected and verified under his onsite supervision. No quality assurance/quality control issues have been identified to date.
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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