Hopes increase for “unique discovery” near Eskay Creek
Garibaldi drills 9.9m of 7.3% Ni, 3.3% Cu at Nickel Mtn
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.”
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 (email@example.com).
Gregory Clifford Burnett, Barrie James Di Castri, Craig Gibson, Raymond Goldie, Everett Makela, Steven James Regoci
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