Creating shareholder value through discoveries and strategic development

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: Garibaldi Kicks Off 2019 Drilling at Nickel Mountain

 

 
2019-06-13 08:30:00 AM ET (CNW Group)
   
   

TSXV: GGI OTC: GGIFFFrankfurt: RQM

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."

Qualified Person

Mr. Jeremy Hanson, P.Geo., VP Exploration Canada for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the technical information in this news release.

About Garibaldi

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 Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci" Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

View original content:http://www.prnewswire.com/news-releases/garibaldi-kicks-off-2019-drilling-at-nickel-mountain-300867031.html

SOURCE Garibaldi Resources Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2019/13/c5410.html

SOURCE: Garibaldi Resources Corp.

1150 - 409 Granville Street Vancouver, BC V6C 1T2, Telephone: (604) 488-8851,
Website: GaribaldiResources.com
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