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The company is currently focused on advancing its Rodadero and La Patilla Projects where drilling has intersected high-grade values near-surface in Mexico.

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Message: TSXV-listed Garibaldi Up 40% To Near $2 As Drills Into New Zone At Nickel Mountain; Shares Were at $1.42 An Hour Ago, at $1.46 Before The News
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TSXV-listed Garibaldi Up 40% To Near $2 As Drills Into New Zone At Nickel Mountain; Shares Were at $1.42 An Hour Ago, at $1.46 Before The News

posted on Oct 18, 2018 03:14PM
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2018-10-18 02:48:02 PM ET (MT Newswires)
   
   

02:48 PM EDT, 10/18/2018 (MT Newswires) -- Garibaldi Resources (GGI.V; OTC: GGIFF) announced at 2.30pm ET 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.

At last look the stock was up more than 40% at $2, having been trading at $1.42 at 1.50pm ET and $1.75 at around 2.30pm ET.

 

In a statement, GGI said, "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."
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