Garibaldi GGI.V

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1 week 6 days 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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8 months 1 week 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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8 months 3 weeks 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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8 months 3 weeks 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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9 months 4 hours 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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9 months 5 days 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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1 year 2 weeks 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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1 year 2 weeks 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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1 year 1 month ago #120642 by RonS
RonS replied the topic: Garibaldi GGI.V
VANCOUVER, May 18, 2018

TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, May 18, 2018 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide the following exploration update as additional crews fill an expanded 40-person camp near the Eskay Creek mine to launch the most extensive drill campaign in Company history at the nickel-copper-rich Nickel Mountain massive sulphide discovery.

Highlights:

In support of drilling, which will commence in approximately 7 days, state-of-the-art geophysics utilizing HeliSam hybrid ground-air technology is now being carried out over a broad area in all directions surrounding the high-grade discovery zone;
This cutting edge survey by Discovery Geophysics International (HeliSam) will provide valuable new information in real time for precise drill hole locations within the HC-1 conductor target area interpreted by renowned Sudbury geophysicist Alan King as drilling steps out initially to the south of EL-17-14 (see January 25, 2018 news release);
Preliminary results from the VTEM survey completed during Q1 have extended the Nickel Mountain trend of conductors by 3.5 km to the northeast while also revealing multiple new gold-VMS target areas on the Palm Springs Property, part of Garibaldi's 200 sq. km Eskay Camp land package.

Steve Regoci, Garibaldi President and CEO, commented: "Given 'proof of concept' achieved with geophysics at Nickel Mountain last year, which gave us this game-changing high-grade nickel sulphide discovery in the Eskay Camp, we have 'doubled down' on the best technology to efficiently target potential new massive sulphide zones.

"Supported by a treasury currently at $26 million, the Garibaldi base camp plus our operations at the top of Nickel Mountain have been expanded and upgraded to allow for drilling well into the winter season," Regoci concluded.

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1 year 2 months ago #120438 by JunglistGuy
JunglistGuy replied the topic: Garibaldi GGI.V
Eric Sprott Announces Investment in Garibaldi Resources

Toronto, Ontario--(Newsfile Corp. - April 5, 2018) - Eric Sprott announces that today 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 1,000,000 common shares of Garibaldi Resources Corp. pursuant to two private agreements at a price of $2.50 per share for total consideration of $2,500,000 (the "Acquisition").

These 1,000,000 shares, together with the shares previously acquired by 2176423 Ontario through open market purchases since December 21, 2017, being the date of its last early warning report, represent approximately 2.4% of the outstanding shares on a non-diluted basis and approximately 2.3% on a partially diluted basis assuming exercise of share purchase warrants of Garibaldi Resources beneficially owned or controlled by Mr. Sprott. After giving effect to the Acquisition, Mr. Sprott beneficially owns or controls 17,318,428 share and 4,705,562 share purchase warrants (representing approximately 17.1% of the outstanding shares on a non-diluted basis and approximately 20.8% on a partially diluted basis.). Prior to the Acquisition, Mr. Sprott beneficially owned or controlled 16,318,428 shares and 4,705,562 warrants (representing approximately 16.1% on a non-diluted basis and 19.9% on a partially diluted basis).

The shares were acquired by Mr. Sprott, through 2176423 Ontario for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Garibaldi Resources either on the open market or through private acquisitions or sell securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

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1 year 3 months ago #120378 by DearJohn
DearJohn replied the topic: Garibaldi GGI.V
I picked up some stock on Ron's update turned out to be very good timing, did get up to $3

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1 year 3 months ago #120325 by DearJohn
DearJohn replied the topic: Garibaldi GGI.V
Thanks Ron, nice looking core, seems Sprott likes it too

The Financial Post reports in its Monday edition that Eric Sprott is keen on Garibaldi Resources. The Post's Gabriel Friedman writes that Garibaldi is in the earliest stages of exploring for nickel in British Columbia's Golden Triangle, an area that has been relentlessly explored and mined for a century without much nickel ever being found. Nevertheless, Sprott was enamoured: He compared the area to Voisey's Bay, also a nickel deposit, and likely the largest metal discovery in Canada in the past 40 years. That find has turned out to be worth billions of dollars. "It just keeps coming together," Mr. Sprott says. Mr. Friedman notes that Garibaldi has never had any revenue. Mr. Sprott says: "If it's Voisey's Bay, why wouldn't I just stay the course here? Try to get as much money in as you can, to get as much return as you can." For junior mining companies, it is basically stock in trade to always claim to be on the verge of an unprecedented major discovery and the endorsement of a billionaire can instantly put a junior on investors' radar. However, there are no guarantees of success in the high-risk, high reward world of mining exploration -- as Garibaldi's story has shown all too well so far.

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