TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Dec. 20, 2019 /CNW/ - Garibaldi Resources (TSXV:
GGI) (the "Company" or "Garibaldi") is pleased to announce that the
latest assay results from Nickel Mountain include continued robust
nickel values and the highest copper and precious metal grades to
date at the project. More extensive zones of shallow mineralization
are also being outlined at Northwest
British Columbia's first magmatic nickel-copper-rich massive
sulphide system in the heart of the prolific Eskay Camp.
Highlights:
- Drill hole EL-19-71 has cut 7.94% nickel, 5.85% copper, 0.16%
cobalt, 7.05 g/t palladium, 2.73 g/t platinum, 1.75 g/t gold and
15.81 g/t silver over 4.43 meters within 14.99 meters (estimated
true width of 12 meters) highlighted by 5.25% nickel and 3.21%
copper in the upper section of the Lower Discovery Zone (LDZ). This
hole cut massive sulphides from 142.5 meters to 157.5 meters
including a total of 4.9 meters of dykes with mineralization;
- Drill hole EL-19-65 indicates there may be a distal mineralized
zone enriched in copper and precious metals as 7.92% copper, 6.33
g/t palladium, 2.69 g/t platinum, 3.0 g/t gold, 40.0 g/t silver and
1.49% nickel were intersected in a chalcopyrite vein between 132.5
and 132.8 meters downhole within one of three wide intervals of
mineralization in this hole. EL-19-65 also confirmed (for the first
time) nickel-rich massive sulphides 50 meters below the LDZ
starting at a depth of 212.4 meters, providing a vector into
potential new chambers along structural corridors;
- Drill hole EL-19-64 has produced the widest mineralized
intercept to date east of the historic E&L deposit – 103.98
meters grading 0.56% nickel and 0.51% copper starting just 16.7
meters downhole, confirming there is a shallow and well mineralized
gabbro directly north of the LDZ. Importantly, EL-19-64 is also the
third drill hole to intersect a known chamber 170 meters below the
LDZ. This southeast dipping chamber is considered highly
prospective for potential concentration of massive sulphides and
exhibits high nickel-copper tenor (metal concentration recalculated
into 100% sulphide).
Dr. Peter Lightfoot, Garibaldi
Technical Adviser, commented: "We've made very important strides at
the E&L. The plunge extent of the mineralized E&L gabbros
are now being tracked by geology and the geochemical signature of
the intrusion. Exploration beneath the E&L and to the east has
now identified multiple intercepts of gabbro that are possibly
segments of the original E&L intrusion. These newly discovered
segments of the E&L intrusion are likely parts of a
structurally disrupted primary magma chamber which tapped magma
from the mantle along an elongated pipe shaped conduit."
Jeremy Hanson, Garibaldi
VP-Exploration, commented: "These latest results emphasize
persistent widespread nickel-copper mineralization at Nickel
Mountain. Both deeper chambers, in holes 64 and 65, were found
utilizing geological and geochemical interpretation as opposed to
the use of borehole geophysics alone. These chambers hold excellent
exploration potential. Hole 71, drilled to test geometry and
compare metallurgy, tenor and grade, shows the propensity of the
LDZ to host high precious metal values and very enriched copper to
go along with top tier nickel grades."
Garibaldi Completes 10,069 Meters of Drilling in 2019
Assay results are pending for an additional 18 drill holes from
Nickel Mountain, beyond the five reported in this release (some
holes will be reported out of sequence as per previous news
releases).
Garibaldi completed 38 diamond drill holes in 2019 for a total
of 10,069 meters. Significant new potential has been identified at
depth while numerous open areas adjacent to known mineralization
remain to be tested.
Significant Assay Results for Drill Holes EL-19-71 and
EL-19-62 to EL-19-65
|
Hole
#
|
Interval
width
(from -
to)
|
Ni
%
|
Cu
%
|
Co
%
|
Pt
(g/t)
|
Pd
(g/t)
|
Au
(g/t)
|
Ag
(g/t)
|
|
EL-19-71
|
over 77.93m (80.2 -
158.1m)
|
1.41
|
1.00
|
0.038
|
0.457
|
1.064
|
0.309
|
3.6
|
|
including
|
over 14.99m (142.5 -
157.49m)
|
5.25
|
3.21
|
0.122
|
1.53
|
3.679
|
0.934
|
8.2
|
|
**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
|
0.19
|
3.81
|
5.84
|
1.41
|
13.0
|
|
**including
|
over 4.98m (152.5 -
157.5m)
|
7.66
|
3.45
|
0.201
|
1.566
|
3.252
|
1.031
|
8.51
|
|
|
|
|
|
|
|
|
|
|
EL-19-65
|
over 9m (26 -
35m)
|
0.31
|
0.33
|
0.012
|
0.194
|
0.422
|
0.138
|
0.98
|
|
and
|
over 38.24m (98 -
136.2m)
|
0.4
|
0.48
|
0.016
|
0.165
|
0.369
|
0.144
|
2.81
|
|
*including
|
over 0.3m (132.5 -
132.8m)
|
1.49
|
7.92
|
0.027
|
2.69
|
6.33
|
3.00
|
40.0
|
|
and
|
over 22.76m (191.3 -
214.1m)
|
0.49
|
0.63
|
0.027
|
0.121
|
0.522
|
0.08
|
2.57
|
|
**including
|
over 0.76m (212.4 -
213.1m)
|
2.59
|
1.53
|
0.145
|
0.245
|
1.5
|
0.055
|
5.5
|
|
|
|
|
|
|
|
|
|
|
EL-19-64
|
over 103.98 m (16.7 -
120.7m)
|
0.56
|
0.51
|
0.018
|
0.216
|
0.357
|
0.178
|
1.98
|
|
including
|
over 33m (79.7 -
112.7m)
|
0.86
|
0.75
|
0.024
|
0.198
|
0.346
|
0.218
|
3.61
|
|
including
|
over 22.43m (80.5 -
102.93m)
|
0.95
|
0.82
|
0.025
|
0.226
|
0.368
|
0.243
|
4.1
|
|
including
|
over 8.23m (94.7 -
102.93m)
|
1.16
|
0.98
|
0.028
|
0.194
|
0.291
|
0.251
|
5.27
|
|
and
|
over 12.14m (130 -
142.1m)
|
0.76
|
0.97
|
0.023
|
0.486
|
0.937
|
0.398
|
5.49
|
|
including
|
over 5.83m (131.67 -
137.5m)
|
1.02
|
1.29
|
0.028
|
0.651
|
1.292
|
0.54
|
7.09
|
|
and
|
over 45.5m (271.7 -
317.2m)
|
0.37
|
0.5
|
0.026
|
0.146
|
0.466
|
0.114
|
2.52
|
|
including
|
over 22.5m (283.7 -
306.2m)
|
0.47
|
0.58
|
0.034
|
0.109
|
0.468
|
0.079
|
2.3
|
|
|
|
|
|
|
|
|
|
|
EL-19-63
|
over 10.32m (3.94 -
14.26m)
|
1.03
|
0.55
|
0.03
|
0.133
|
0.23
|
0.129
|
4.63
|
|
**including
|
over 0.61m (13.65 -
14.26m)
|
5.83
|
1.62
|
0.18
|
0.27
|
0.382
|
0.101
|
5.00
|
|
and
|
over 12.18m (20.82 -
33m)
|
0.37
|
0.39
|
0.01
|
0.137
|
0.241
|
0.138
|
2.32
|
|
and
|
over 20.09m (63 -
83.09m)
|
0.46
|
0.41
|
0.02
|
0.185
|
0.325
|
0.16
|
1.61
|
|
|
|
|
|
|
|
|
|
|
EL-19-62
|
over 2.69m (5.00 -
7.69m)
|
1.39
|
0.6
|
0.04
|
0.102
|
0.169
|
0.092
|
9.66
|
|
**and
|
over 0.98m (20.82 -
21.8m)
|
5.43
|
2.22
|
0.19
|
0.633
|
0.821
|
0.308
|
4.47
|
|
and
|
over 41.98m (44.05 -
86.03m)
|
0.44
|
0.5
|
0.01
|
0.273
|
0.443
|
0.239
|
3.24
|
|
* 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 metals.
|
Drill Hole Coordinates Table
|
Hole
|
Zone
|
Easting*
|
Northing*
|
Elevation
(MASL)
|
Azimuth
|
Dip
|
Length
(m)
|
|
EL-19-71
|
LDZ
|
396159
|
6271559
|
1866
|
153
|
-50
|
222.5
|
|
EL-19-65
|
New
|
396115
|
6271473
|
1881
|
65
|
-61
|
298
|
|
EL-19-64
|
Central
|
396182
|
6271503
|
1868
|
215
|
-82
|
452
|
|
EL-19-63
|
Gulley
|
396184
|
6271503
|
1868
|
165
|
-58
|
128
|
|
EL-19-62
|
Gulley
|
396184
|
6271503
|
1869
|
164
|
-45
|
92
|
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.
