Garibaldi GGI.V

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11 months 3 weeks ago #125642 by JunglistGuy
JunglistGuy replied the topic: Hello everyone
Looks like GGI has changed their focus to gold, as I have been saying all along - I did not think their nickle/copper discovery had any size to it

2020-09-22 08:11 ET - News Release


Mr. Steve Regoci reports

GARIBALDI EXPANDS CASPER QUARTZ GOLD VEIN OVER 120 METRES SELECTED GRAB SAMPLE WITH VISIBLE GOLD RETURNS 249 G/T

Garibaldi Resources Corp. has provided information on developments including new assay results from the Casper high-grade gold quartz vein discovery 13 kilometres north of the company's flagship E&L nickel-copper-cobalt massive sulphide project in northwestern British Columbia. In addition to E&L and Casper, Garibaldi owns a 100-per-cent interest in over 180 square km of highly prospective mineral claims in the heart of the historic Eskay camp, one of the richest mineral districts in the province.

Garibaldi's Casper gold vein is a strategic low elevation target (420 metres) within a km of road access and hydroelectric power. It is located 15 km west from Garibaldi's 1,500-hectare Eskay North gold prospect which borders the historic past producing Eskay Creek mine now being redeveloped.

Discovering a high-grade gold prospect proximal to the E&L project is a tactical bonus allowing field crews to maintain productivity by accelerating surface exploration at Casper during weather delays on top of Nickel Mountain.

For a summary of results from earlier backpack drilling, initial channel samples and grab samples, see the company's Feb. 28, 2020, news release announcing the discovery. Exploration progress at the Casper gold quartz vein system in 2020 are as follows.

Highlights:

Field crews have collected 165 samples within 250 metres north of and 250 metres south of the northwest-southeast striking Casper vein with grades reaching as high as 249 grams per tonne gold, 13 returned grades exceeding 10 grams per tonne, and 23 samples with greater than one g/t gold (see attached table).

Mechanical trenching at the Casper gold quartz vein has further uncovered the high-grade vein over more than 120 metres, from the initial 43 metres of hand trenching exposing the discovery.

The quartz vein remains open with mineralized rock samples extending along trend for 330 metres within a 500 metre gold-in-soil and MMI (mobile metal ion) geochemical anomaly.

Four new mineralized veins have been discovered this season most notably one 44 metres downslope from the main vein which like the Casper vein also contains visible gold and returned 76.9 g/t Au.

The quartz vein sulphides include chalcopyrite, galena, pyrrhotite, pyrite and arsenopyrite with native gold. This discovery occurs along the robust and underexplored McLymont Creek structural corridor.

Garibaldi has completed 86 unbiased channel samples spaced one metre apart throughout exposed sections of the Casper vein -- assays pending. This latest round of channel sampling will aid in drill hole planning and additional trenching to be completed this year.

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1 year 7 months ago #124412 by RonS
RonS replied the topic: Hello everyone
Some good results from GGI but they are not adding much size, one hole just a 25M step out and the other 8 meters.

VANCOUVER, Jan. 22, 2020 /PRNewswire/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce wide near-surface intervals of nickel-copper-rich mineralization from nine more drill holes at Nickel Mountain in the heart of the Eskay Camp, in addition to important new intersections of massive sulphide that continue to build out this unique discovery in Northwest British Columbia.

Significant advances are being made at understanding the emplacement of E&L mineralization along structural contacts. In addition, key geochemical and geophysical markers related to high-grade mineralization are being unraveled and are instrumental in detecting and tracking new massive sulphide mineralization toward projected pathways.

Highlights:

EL-19-75 has extended the Lower Discovery Zone (LDZ) 25 meters to the north where it remains open, cutting 2.14 meters of 7.1% nickel and 3.9% copper within a broader 90-meter mineralized interval. More significantly, this intersection demonstrates a contact-style massive sulphide along the eastern wall of the E&L main chamber. This greatly expands the potential for a shell of continuous massive sulphides along the country rock contact within this segment of the E&L intrusion;

EL-19-74 has cut 5.98 meters grading 6% nickel and 2.6% copper, extending the Northeast zone eight meters to the east;

EL-19-72 (4.4 meters @ 2.6% nickel and 0.93% copper starting just 39.5 meters downhole) provides additional support for the presence of a new near-surface, flat-lying massive-semi-massive sulphide zone (adjacent to the Central zone) with a minimum 50 meters of strike length;

El-19-67 has intersected two intervals of mineralized gabbro well below the LDZ, indicating the main E&L chamber is connected to the second deeper chamber confirmed by earlier drill holes EL-19-54 & EL-64. Elevated Cu-Ni ratios, total precious metals and metal tenors indicate the potential for a high grade or enriched Cu-PGE zone along trend;

Two important geophysical anomalies ("F" and "Q"), approximately 700 meters southeast and nearly 1,000 meters south of the historic E&L deposit, respectively, are being revisited for their potential to greatly expand the nickel sulphide footprint at Nickel Mountain, underscoring the scale of this system. Mira Geoscience, an industry leader in advanced geological modelling, is making a third-party independent presentation regarding these intriguing anomalies at the AME Roundup in VancouverWednesday, January 22.

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2 years 1 month ago #123345 by DearJohn
DearJohn replied the topic: Hello everyone
Stock is moving nicely on the news

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2 years 1 month ago #123337 by GoldnBoy
GoldnBoy replied the topic: Hello everyone
I picked up a small position in the spring, stock is doing well

2019-08-09 08:39 ET - News Release


Mr. Steve Regoci reports

GARIBALDI DRILLS 18 METERS OF MASSIVE SULPHIDE WITHIN 86-METER INTERVAL AT NICKEL MOUNTAIN DISCOVERY

Garibaldi Resources Corp. has provided the following update as two drill rigs continue to aggressively build out northwest British Columbia's first magmatic nickel-copper-rich massive sulphide discovery in the heart of the Eskay camp near the past producing Eskay Creek mine.

Highlights:

The first hole of the 2019 season, EL-19-47, has intersected 6.1% nickel and 2.8% copper (plus cobalt, platinum, palladium, gold and silver) over 9.32 meters within a broader near-surface interval of 50.57 meters (estimated true width is 40.45 meters) containing 1.50% nickel and 0.94% copper, extending the Lower Discovery Zone (LDZ) to the southeast. The massive sulphide intercept in EL-19-47 is approximately 64 meters southeast of the EL-17-14 massive sulphide intercept;

Drill hole EL-19-53 (assays pending) has cut the widest massive sulphide intersection to date - 18 meters featuring a characteristic Nickel Mountain "leopard print texture" within 86 meters (estimated true width is 68.8 meters) of nickel-copper-rich mineralization from 67 meters to 153 meters. EL-19-53 thickens and extends the robust LDZ along a shallow western plunge on the south flank of the E&L Intrusion;

In addition to successful step outs beyond the five known mineralized zones, objectives of early 2019 drilling are to confirm the presence of an olivine gabbro chamber beneath the LDZ while also linking the Northwest Zone with the Crevasse Zone. The Company is confident in terms of achieving these objectives and eagerly awaits more assay results.

Jeremy Hanson, VP Exploration for Garibaldi, commented: "2019 drilling is off to a highly successful start as we test for new mineralized structures. Our understanding of the structural controls on mineralization continues to improve, allowing for very productive targeting for infill and step out drilling.

"Lab efficiencies are speeding up delivery of assays compared to 2018 and 2017," Hanson added. "Beginning with these SGS results from our first hole, we expect they will be able to sustain better turnaround times this month for completed holes, including EL-19-53. The E&L system remains open in multiple directions after 14 holes (3,400 meters) drilled to date this summer."

Drill Hole EL-19-53

EL-19-53 is the most extraordinary hole drilled so far at Nickel Mountain given 18 meters of massive sulphide, 4.5 meters of net-textured to semi-massive sulphide, 7 meters of sediments containing semi-massive sulphide, and 56.5 meters of mineralized orbicular gabbro (moderate to strongly disseminated) in a thick continuous 86-meter intersection with increasing sulphide percentage downhole (vs. 16.75m of massive sulphide within a 40.4m core length interval in discovery hole EL-17-14 - see Dec. 8, 2017 news release).

The "leopard print" massive sulphides in EL-19-53 feature large loop textured pyrrhotite-pentlandite-chalcopyrite with grains of pentlandite reaching up to 4.5 cm in diameter. The hole has also provided important information that the main axis of the mineralized system may be controlled by SW-NE trending domains which guides future drilling and geologic models.

Drill Hole EL-19-47

Dr. Peter Lightfoot, Garibaldi Technical Adviser, commented: "EL-17-47 extends the Lower Discovery Zone along the southern flank of the E&L Intrusion to the east of previous massive sulphide intervals. The mineralization continues to exhibit a very pure combination of pyrrhotite, pentlandite and chalcopyrite with a very high nickel tenor over the massive sulphide interval. The LDZ remains open along a shallow plunge to the east with more holes planned to establish continuity with previous intercepts to the south."

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2 years 3 months ago #123010 by Gambler
Gambler replied the topic: Hello everyone
Golden Triangle in full swing

VANCOUVER, June 13, 2019 /PRNewswire/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce that its 2019 drill program has commenced at its flagship E&L nickel-copper-rich massive sulphide discovery at Nickel Mountain in the heart of Northwest B.C.'s Eskay Camp.

Highlights:

Garibaldi's fully-funded 2019 drill program will focus on building out the five currently known mineralized zones at the E&L deposit (Lower Discovery, Upper Discovery, Northeast, Central and Northwest) outlined through 46 drill holes during 2017 and 2018. The E&L system is wide open for expansion to the east, the west, the south, the north and at depth;

Garibaldi expects to significantly increase daily drilling meterage and dramatically reduce costs per meter drilled utilizing state-of-the-art new drill rigs which require less water and fuel than comparable drills;

Assay protocols have been reviewed, changes have been implemented, and the Company expects that turnaround times will be greatly improved;

Detailed analysis of oriented drill core, geology and key geochemical correlations at the E&L deposit are providing valuable new insights with regard to structural controls on mineralization and drill targeting;

Lamontagne Geophysics Ltd. is continuing with borehole electromagnetic (BHEM) geophysical surveys which have proven to be a remarkably effective tool in detecting conductive areas hosting massive sulphides;

Garibaldi has received a Notice of Work approval from the B.C. Ministry of Mines to expand the number of drill pad locations at the Company's Eskay Camp claim group, including Nickel Mountain, to 107.

Nickel Mountain Welcomes New Drill Rigs

Garibaldi is utilizing one of the most advanced heli-portable surface drill rigs, a DrillCo MDS 1950 with drilling performed by ITL Diamond Drilling Ltd. The DrillCo MDS 1950 operates with 160 horsepower at the head and can reach depths of 2,000+ meters (NQ). While providing more power than comparable conventional drills, it also consumes an estimated 25-30% less fuel. The drills are mounted on a hydraulic powered rotating turn table allowing for rapid azimuth and dip change, eliminating costly helicopter support to realign drill rigs when targeting off hole anomalies. The drills also feature data logging capabilities, providing drilling metrics on a per shift basis.

Steve Regoci, President and CEO, commented: "This is shaping up to be an extraordinary summer of activity in the Eskay Camp. Garibaldi looks forward to leading the charge with new discoveries at the E&L and along the Nickel Mountain trend where the Gabbroic Complex is now known to extend for at least 12 km."

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2 years 11 months ago #121387 by Gambler
Gambler replied the topic: Hello everyone
GGI up today, looks like a new discovery zone

VANCOUVER, Oct. 18, 2018 /PRNewswire/ - Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that the continuing drill program at Nickel Mountain, combined with surface sampling of new massive sulphide outcrops exposed by melting ice and snow, has confirmed a third discovery area known as the "Central" zone in between the Northwest and Discovery zones.

Up until this summer, much of the Central zone was covered by ice and snow. Fresh massive sulphides revealed by a receding ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L icefield to host a major expansion of the Golden Triangle's first magmatic nickel-copper-rich sulphide system which remains open in all directions.

Highlights:

Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization over significant widths to depths of 75 meters - deeper holes are planned;
Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone, exposed by the retreating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-chalcopyrite mineral assemblage;
XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile consistent with the Discovery zone.

Steve Regoci, Garibaldi President and CEO, commented: "The prospect of Discovery zone-type mineralization at surface, previously hidden by the ice, and at shallow depths in drilling in the Central zone is another exciting development at Nickel Mountain. Evidence points toward an Intrusive Complex with deep roots, so we look forward to continued delineation of the Central zone and a first-ever look well beneath the adjoining icefield to the north and northeast through drilling and borehole EM."

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2 years 11 months ago #121204 by GoldnBoy
GoldnBoy replied the topic: Hello everyone
Agree, if next results don't show some expansion, I will probably sell what I have left

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2 years 11 months ago #121197 by lynnsa10
lynnsa10 replied the topic: Hello everyone
Stock has sure been hammered. I took a lot of profits out last year so no big deal. If they don't show some expansion potential on next drill news, the stock going no where

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2 years 11 months ago #121158 by lynnsa10
lynnsa10 replied the topic: Hello everyone
Well we got the drill news and quite a sell off. I guess as Ron commented, the results did not expand the zone much

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2 years 11 months ago #121135 by Gambler
Gambler replied the topic: Hello everyone
Meanwhile, Garibaldi Resources eagerly anticipates providing shareholders with an exploration update, including initial assay results from the continuing 2018 program during the week of Sept. 17, 2018.

That was Sept. 14th news and this week is running out.- looks like news will be out Friday and Friday is usually a day fro weak news??

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3 years 3 months ago #120707 by GoldnBoy
GoldnBoy replied the topic: Hello everyone
Another season in the triangle under way, stock looks to be in new uptrend $3.60 near term resistance

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3 years 3 months ago #120705 by alexgreat
alexgreat replied the topic: Hello everyone
2018-06-08 14:27 ET - News Release


TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, June 8, 2018 /PRNewswire/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that after months of preparations, a major 2018 drill program at Nickel Mountain in the Eskay Camp has commenced with two drill rigs this morning as the Company follows up on last fall's nickel-copper-rich massive sulphide discovery east of the historic E&L deposit.

The first stage of 2018 diamond drilling will simultaneously further define the Discovery zone and systematically step out from EL-17-14, testing for nickel-copper-rich magmatic sulphide mineralization to the south where promising conductive targets have been defined by geophysical surveys. EL-17-14 intersected 16.75 meters of massive sulphides (approximate true width) grading 8.3% nickel and 4.3% copper, along with cobalt, platinum, palladium, gold and silver values, within a broader 40.4-meter mineralized zone (see December 8, 2017 news release).

Steve Regoci, Garibaldi President and CEO, commented: "The entire Garibaldi technical team of geologists and geophysicists are excited to build on this unique Eskay Camp discovery. Months of analyzing geophysical and other data has bolstered their understanding of the Nickel Mountain Intrusive Complex and has shaped an aggressive 2018 program that will test the scale of a massive sulphide discovery that's open in all directions. In addition, there's an 8-km-long trend of high-quality conductors to the northeast that we're very eager to follow up on this year.

"With a treasury of approximately $25 million, Garibaldi has sufficient resources to carry out an ambitious 2018 drill program which is supported by cutting edge geophysical surveys including BHEM (borehole electro-magnetics) which was a highly successful tool for us in 2017," Regoci concluded.

Eskay Camp Area Map

To view the location of the E&L Project, Garibaldi's other large landholdings in the Eskay Camp, and properties of all other companies in this prolific district, please visit GGI's web site or the following URL:

www.garibaldiresources.com/i/photos/king...ay-Camp-Area-Map.jpg

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