First of its Kind in NW B.C.’s Prolific Golden Triangle!
Magmatic nickel-copper-rich massive sulphide deposits are a rare breed. Given a battery “arms race” that is only going to intensify, they are more valuable than ever.
After decades of exploration in the rugged terrain of Northwest British Columbia’s Golden Triangle, a remarkable discovery was made in the summer of 2017 - Garibaldi Resources’ drill hole EL-17-14 at Nickel Mountain near Eskay Creek intersected a stunning 8.3% nickel, 4.2% copper, 0.19% cobalt, 1.96 g/t platinum, 4.5 g/t palladium, 1.1 g/t Au and 11.1 g/t silver over 16.75 meters starting just 100.4 meters downhole, within a broader 40.4-meter core length highlighted by 3.9% nickel and 2.4% copper.
More than a year later, discoveries at Nickel Mountain continue: On February 21, 2019, Garibaldi confirmed an even shallower new zone (Northeast zone) with drill hole EL-18-33 featuring 7.7% nickel and 2.95% copper over 4.8 meters within a broader interval of 49 meters grading 1.34% nickel and 0.89% copper (core length) plus cobalt, platinum, palladium, gold and silver.
• Discovery zone (Upper and Lower), Northeast zone, Central zone and Northwest zone are all open for expansion in multiple directions with aggressive 2019 infill and exploratory drilling in progress
• Each of the zones features global top tier massive sulphide grades of an unusually pure composition
• The Nickel Mountain Gabbroic Complex strikes northeast for at least 12 kilometers and extends across strike for at least 1 kilometer. Geologists are continuing their search for another E&L-style intrusion along the Nickel Mountain trend.
Grade is King!
The Eskay Camp is known for its spectacular grades. Discovered in the late 1980’s, the Eskay Creek mine northeast of Nickel Mountain produced approximately 3.3 million ounces of gold and 160 million ounces of silver at average grades of 49.5 g/t Au and 2,406 g/t Ag. It was once the world’s highest-grade gold mine and the fifth-largest silver mine by volume. Just last summer, Pretium Resources commenced commercial production at Brucejack to the southeast of Nickel Mountain. Brucejack features Proven and Probable Reserves of 15.6 million tonnes grading 15.6 g/t Au and 11.7 g/t Au (refer to Dec. 14, 2018, Pretium news release), making it one of the highest grade gold mines in the world.
Nickel grades in massive sulphides at Nickel Mountain are truly spectacular.
Location, Location, Location!
The prolific Eskay Camp has delivered world class discoveries such as Eskay Creek (gold-silver-rich VMS), Snip (gold), KSM (porphyry) and Brucejack (gold), but Garibaldi’s successful reinterpretation of the Eskay Rift in 2016-2017 proved to be a game-changer for the district and the broader Canadian Cordillera. The Golden Triangle’s first magmatic nickel-copper-rich massive sulphide system has sparked a wave of new exploration and interest in Northwest British Columbia, setting the stage for new discoveries this summer and in the years ahead.
The Big Picture!
Dr. Peter Lightfoot, Technical Adviser for Garibaldi, commented: “Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift. The project is ideally positioned to leverage the demand from dramatically declining nickel sulphide discoveries and the resulting depletion of high quality nickel inventories required to fuel the electric vehicle battery revolution.”