Garibaldi Resources Corp. (TSX-V: GGI) is pleased to announce results from the recently completed 2020 drill program, targeting deeper extensions of the easterly plunging E&L intrusion. Building along trend of the expanding 650 meter long E&L footprint, hole EL-20-96 intersected a newly discovered semi-massive sulphide zone 450 meters east of the Lower Discovery Zone (LDZ) at a depth of 645 meters.
The new zone is along the plunge of the intrusion in the same geological environment in which the NW and LDZ developed, and occurs at the contact of the E&L mineralized gabbro and Hazelton sedimentary rocks. Detailed study of geochemical, geophysical and structural controls supplied vectors targeting deeper areas along a 2 km long corridor. The model provides significant potential for hosting mineralization and multiple off hole BHEM anomalies remain to be tested.
Garibaldi’s 2020 exploration season encountered significant challenges, yet results indicate increasing scale potential at the Company’s flagship E&L project, rich in nickel-copper-cobalt as well as palladium, platinum, gold, silver, osmium, iridium, ruthenium and rhodium. The E&L discovery at Nickel Mountain is the first ever magmatic massive sulphide system identified in the Eskay Camp of Northwest British Columbia. Key seasonal highlights are as follows:
Garibaldi successfully advanced the Company’s Flagship E&L project at Nickel Mountain as well as numerous other targets throughout the property, including the Company’s more accessible Casper high grade quartz gold vein system which progressed to drill readiness. Garibaldi completed four diamond drill holes at Casper by the holiday break, assays are pending.
Expanded 2020 regional prospecting resulted in new surface discoveries, including outcropping mineralized gabbro at Mount Shirley 14km to the NNE of E&L. The strike length of the Nickel Mountain Gabbroic Complex is over 15km and remains open. Assays of up to 2.09% Ni and 4.59% Cu confirm magmatic sulphide mineralization outcrop at a second location within the highly prospective 180 sq.km Eskay claim group. Magmatic sulphides with orbicular and taxitic-textured melagabbros west of E&L also show strong potential for new mineralized zones.
Jeremy Hanson, Garibaldi VP-Exploration, stated “We are very encouraged with the results of the 2020 drilling program. Our planning and analysis lead to the discovery of a new mineralized zone 650 m along trend of the E&L system. We have significantly enhanced the footprint with these large step-out holes and are well on our way to tracking down new mineralized zones along the E&L corridor.”
Dr. Peter Lightfoot, Garibaldi Technical Advisor, noted that: “The 2020 exploration program has confirmed the modelled plunge extent of mineralized E&L type gabbros is open at depth, and it has identified important indications of magmatic sulphides associated with outcrops of gabbros and boulders at two locations on the property. Drill hole EL-20-95 encountered a new style of high-grade mineralization in a transition zone between the E&L intrusion and the Nickel Mountain gabbro. The two intrusions are likely closely related in time and space, so this information provides a new focus for the evaluation of gabbros along the 15 km strike length. These discoveries collectively provide an important new focus for the 2021 work program at Nickel Mountain.”
Significant Assay Results for Drill Holes EL-20-90 to 96
|Hole (#)||Interval Width (from – to)||Ni
|EL-20-96||over 132.38 m (31.5 –163.88 m)||0.62||0.51||0.02||0.24||0.51||0.21||2.82|
|including||over 74.92 m (88.96 –163.88 m)||0.99||0.83||0.03||0.42||0.88||0.36||3.93|
|**including||over 3.98 m (159.9 – 163.88 m)||6.69||3.07||0.2||0.95||2.02||0.46||7.19|
|*including||over 18.5 m (144 – 162.5 m)||5.25||4.15||0.25||1.86||3.75||1.58||30.79|
|including||over 4.5 m (644.98 – 649.48 m)||0.55||0.50||0.05||0.02||0.02||0.02||0.55|
|*including||over 1.43 m (646 – 647.43 m)||1.05||0.51||0.1||0.01||0.03||0.03||0.65|
|EL-20-95||over 128.15 m (0 – 128.15 m)||0.34||0.37||0.01||0.19||0.34||0.18||1.72|
|including||over 94.9 m (0 – 94.9 m)||0.37||0.36||0.01||0.15||0.25||0.15||1.28|
|including||over 59.11 m (22.9 – 82.01 m)||0.45||0.43||0.02||0.18||0.29||0.19||1.42|
|and||over 2.15 m (126 – 128.15 m)||1.25||3.00||0.02||2.87||5.03||2.66||18.53|
|and||over 6 m (172.9 – 178.9 m)||0.22||0.28||0.01||0.04||0.17||0.03||1.19|
|and||over 36 m (190.9 – 226.9 m)||0.12||0.13||0.01||0.02||0.08||0.02||1.67|
|including||over 15 m (211.9 – 225.9 m)||0.17||0.21||0.01||0.03||0.11||0.03||2.5|
|EL-20-91||over 101.36m (366.14–467.5 m)||0.18||0.16||0.01||0.02||0.04||0.01||1.03|
|including||over 49.5 m (366.14–415.64 m)||0.16||0.15||0.01||0.01||0.02||0.01||0.94|
|including||over 1.6 m (366.14 – 367.74 m)||0.84||0.53||0.08||0.01||0.02||0.01||3|
|and||over 51.86 m (415.64 –467.5 m)||0.19||0.17||0.02||0.03||0.06||0.02||1.12|
|and||over 0.75 m (448.75 – 449.5 m)||0.70||0.73||0.07||0.05||0.05||0.02||4|
|EL-20-90||over 15.37 m (0 – 15.37 m)||0.95||0.66||0.02||0.18||0.29||0.18||2.05|
|and||over 30 m (120.5 – 150.5 m)||0.41||0.07||0.02||0.01||0||0||0.5|
|and||over 7.5 m (140 – 147.5 m)||0.80||0.19||0.04||0.01||0.01||0||0.5|
**Massive sulphides (75-100%); *Semi-massive sulphides (50% – 75%).
Intervals are core lengths (true widths are estimated to be 80% of reported intervals)
Drill Hole Coordinates Table for Holes EL-20-90 to 96
*UTM zone 9N WGS 84
EL-20-94, 93 and 92 were exploratory holes. Hole 94 was a 200 meter step out to the southwest of the E&L surface expression. Hole 93 was a step out 700 meters to the east of the E&L and Hole 92 was drilled 500 meters southeast of the E&L. These holes targeted structural contacts that did not return significant results but confirmed the presence of the intrusive, hole 92 cut through 118 meters of high MgO gabbro providing a vector towards potential mineralized E&L gabbro nearby.
Steve Regoci, President & CEO, stated: “Garibaldi management is very pleased with the progress made during the 2020 exploration season. Important gains have been made expanding the E&L strike length and tracking widespread nickel-copper mineralization deeper at Nickel Mountain. Our plans for 2021 remain focused on identifying the conduit pathways for E&L mineralization which contains critical battery metals that are ideally suited for the rapidly developing electric vehicle markets.”
Quality Assurance/Quality Control
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.
XRF measurements were taken with a Niton XL5. XRF measurements analyze a very small section of rock approximately 0.16cm2 per measurement and results are not representative of the overall rock or material.
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.
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 of British Columbia and Mexico.
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