Garibaldi Resources (TSX-V: GGI) is pleased to report a high-grade gold discovery – “Casper” – at a strategic low-elevation location with proximity road access on its Palm Springs Property north of Nickel Mountain, approximately 15 km west of the Eskay Creek mine.
Highlights: Soil and MMI survey sampling indicate the mineralized system has a strike length of at least 500 meters and is open along trend;
Jeremy Hanson, Garibaldi VP-Exploration, stated: “The Casper vein system is a phenomenal new prospect given its location and high-grade gold content in the heart of a high-grade camp. It is still very early stages but we are enthused about the potential of this system. It lies directly along the mineralized McLymont Creek structural corridor, contains impressive gold grades, and the geochemical anomalies continue to expand the potential footprint of the system. We have now received our exploration permit and will be ready to complete mechanical trenching and drilling this spring to test the lateral and depth extents of the initial vein discovery.”
Garibaldi is squarely focused on its exceptional flagship project, the E&L nickel-copper-cobalt rich magmatic massive sulphide discovery that also contains strategic and rare precious metals with PGE’s. The E&L mineralized gabbro demonstrates global top-tier nickel-copper-cobalt grades within the dynamic 12 km-long gabbroic complex mapped to date. However, Nickel Mountain is only a small portion of Garibaldi’s vast under-explored claim group within the prolific Eskay Camp.
Steve Regoci, President & CEO, stated: “Garibaldi management and our geology team are extremely pleased with progress at E&L this past season. To have our exploration team uncover this new gold vein at Casper within a short hike from the Forest Kerr Camp road is truly remarkable.
“There are multiple other targets within the Garibaldi strategic claim group, including Eskay North which contiguously borders Barrick’s original Eskay Creek mine now being redeveloped. Our focus must remain on the E&L since it has some of the highest-grade nickel-copper massive sulphide mineralization in the world. But within our Eskay district holdings, we certainly have a richness of target opportunities to benefit Garibaldi shareholders.”
Casper Back Pack Drill Hole Table
|DH||Easting||Northing||Elv.||Depth||Az||Dip||Sample||From – To (m)||Au g/t||Ag g/t||Cu %||Pb %|
|1||397400.8||6284652.9||421.5||1.2||212||-88||B00313751||0 – 0.6||25.00||90.50||1.10||1.42|
|B00313752||0.6 – 1.2||12.60||47.50||0.72||0.43|
|2||397400.2||6284653.3||421.5||0.7||213||-89||B00313753||0 – 0.6||0.39||44.00||1.19||0.59|
|3||397399.6||6284653.6||421.5||1.2||213||-89||B00313754||0 – 0.6||10.90||24.90||0.33||0.14|
|B00313755||0.6 – 1.2||0.02||0.10||0.01||0.00|
|4||397398.8||6284655.0||421.1||0.8||210||-86||B00313756||0 – 0.6||17.60||46.70||0.16||1.24|
|B00313757||0.6 – 0.8||3.02||18.60||0.44||0.33|
|5||397397.9||6284655.5||421.1||1.2||181||-86||26040||0 – 0.6||4.72||133.00||0.27||3.56|
|26048||0.6 – 1.2||13.10||84.90||0.29||2.29|
|6||397397.5||6284655.7||421.3||0.2||212||-90||B00313760||0 – 0.2||0.02||4.90||0.14||0.02|
|7||397397.7||6284655.2||421.5||1.2||212||-89||B00313762||0.6 – 1.2||14.30||16.30||0.23||0.15|
|8||397388.5||6284663.6||420.2||0.6||196||-88||B00313763||0 – 0.6||37.50||44.70||0.10||0.93|
|9||397389.0||6284663.4||420.2||0.8||199||-47||B00313764||0 – 0.8||49.60||89.90||0.61||3.95|
|10||397391.7||6284661.1||420.9||1.0||20||-87||B00313759||0 – 0.6||0.13||1.40||0.03||0.02|
|B00313761||0.6 – 1.0||0.39||1.70||0.04||0.01|
|11||397405.3||6284648.3||421.8||1.1||212||-89||26041||0 – 0.6||0.76||2.90||0.10||0.01|
|26042||0.6 – 1.1||5.36||24.80||0.35||0.51|
|12||397404.5||6284648.6||422.1||1.2||31||-62||26043||0 – 1.2||7.16||42.50||0.54||0.65|
|13||397406.0||6284647.1||422.0||1.5||324||-80||E00051954||0 – 1.5||0.04||0.30||0.02||0.01|
|14||397383.5||6284666.9||419.4||1.0||0||-90||E00051956||0 – 1.0||0.59||0.60||0.02||0.00|
|15||397388.2||6284662.6||421.0||2.5||0||-84||E00051951||0 – 1.7||0.01||0.30||0.02||0.00|
|E00051952||1.7 – 2.5||0.72||1.30||0.05||0.01|
|16||397383.8||6284666.6||419.2||1.3||0||-70||E00051955||0 – 1.3||0.36||1.20||0.02||0.03|
|18||397385.3||6284666.4||419.0||0.5||180||-68||E00051953||0 – 0.5||24.30||50.40||0.81||2.78|
|19||397373.3||6284677.1||415.1||1.2||210||-38||26044||0.7 – 1.2||4.60||6.20||0.04||0.03|
|20||397394.2||6284659.6||420.8||0.6||215||-67||26045||0 – 0.6||64.60||78.10||0.41||0.40|
|21||397393.9||6284659.3||420.8||0.6||212||-90||26047||0 – 0.6||1.02||11.80||0.03||0.10|
Casper Channel Sample Table
|Channel||Easting||Northing||Elevation||Az||Sample||Length||Au g/t||Ag g/t||Cu %||Pb %|
Casper Rock Sample Highlights
|Sample||Easting||Northing||Au g/t||Ag g/t||Cu ppm||Pb ppm||Zn ppm|
Quality Assurance/Quality Control
Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel Mountain Project, including exploration targets and prospects, using best industry practice. All core was logged by a geoscientist and selected intervals were sampled. At Casper a “Shaw Back Pack Drill” was utilized to drill BQ core. The drill core was split in half using a hydraulic splitter and each sample half was placed in a marked sample bag with corresponding sample tag then sealed. The remaining half core is retained in core boxes that are stored in 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. The ‘Shaw Back Pack Drill is a hand held drill capable of drilling to depths of up to three meters in quartz rich material. Recovery of core was highly variable. Samples were taken from two foot (0.61m) core barrels. Back Pack Drill samples should be considered as bedrock grab samples, as hole depth, azimuth, dip, and recovery are generally not well constrained without the use of downhole survey tools.
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 for Casper were submitted to Activation Laboratories Ltd. In Kamloops, British Columbia, an ISO 9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), and Fire Assay (FA) 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 105 microns. Gold was analyzed using a 50-gram fire assay and ICP-AES.
All coordinates given in this document are in WGS 84 UTM Zone 9 North
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.
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.
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