Hopes in­crease for “unique dis­cov­ery” near Eskay Creek

Garibaldi drills 9.9m of 7.3% Ni, 3.3% Cu at Nickel Mtn

Stockwatch Daily - - FRONT PAGE - Mr. Steve Re­goci re­ports

GARIBALDI RE­SOURCES Corp. has pro­vided the fol­low­ing up­date re­gard­ing its nickel-cop­per-rich mas­sive sul­phide dis­cov­ery at Nickel Moun­tain near Eskay Creek in­clud­ing new high-grade drill re­sults.

Dr. Peter Light­foot, one of the world’s lead­ing nickel sul­phide ex­perts and a tech­ni­cal ad­viser to Garibaldi, com­mented: “The un­usu­ally high grades in mas­sive mag­matic sul­phides at Nickel Moun­tain are in­dica­tive of an open sys­tem mag­matic event within the Eskay rift col­li­sional set­ting, an ideal struc­tural en­vi­ron­ment for a unique dis­cov­ery such as this.”

Dis­cov­ery zone

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-me­tre sec­tion grad­ing 0.91 per cent nickel and 0.69 per cent cop­per (ap­prox­i­mate true widths).

New VTEM tar­gets along Nickel Moun­tain cor­ri­dor

Con­tin­u­ing 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 six 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.

(See GGI Ta­ble 1 on page 11)

North­west zone high­lights:

• Drill hole EL-17-08 has re­turned the widest mas­sive sul­phide in­ter­cept (5.85 me­tres at 5.1 per cent nickel and 2.0 per cent cop­per) ever recorded for the north­west zone.

• Sed­i­men­tary rocks, never con­sid­ered prospec­tive for nickel-cop­per min­er­al­iza­tion at the E &L by his­tor­i­cal explorers, are now known to host mas­sive sul­phides.

• Po­ten­tially sig­nif­i­cant un­ex­plained anom­alies in bore­hole elec­tro­mag­netic (BHEM) data for the north­west zone are be­ing thor­oughly in­ves­ti­gated by the Garibaldi geo­physics team led by renowned ex­pert Alan King.

(See GGI Ta­ble 2 on page 11)

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Gre­gory Clif­ford Bur­nett, Bar­rie James Di Cas­tri, Craig Gib­son, Ray­mond Goldie, Everett Makela, Steven James Re­goci

(GGI) Shares: 96,860,533

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