Garibaldi Reports 7.2 percent Nickel at Nickel Mountain

- February 24th, 2020

The company said that the last nine drill holes of 2019 all hit significant intervals of nickel-copper sulfide mineralization.

Garibaldi Resources (TSXV:GGI) has drilled into multiple new intervals of near-surface massive sulphides and nickel-copper-rich mineralization and E&L gabbro at Nickel Mountain, the Golden Triangle’s first magmatic nickel sulphide system that also includes palladium, platinum, cobalt, gold, silver and PGE rare metals including rhodium.

Garibaldi’s VP of exploration, Jeremy Hanson said:

“The last nine holes of the 2019 season all hit significant intervals of nickel-copper sulfide mineralization and clearly demonstrate the increasing potential for expanding a very dynamic system at Nickel Mountain. The high-grade LDZ is open in multiple directions and is thickening to the north at the eastern margin based on drill holes EL-19-82, EL-18-24 and EL-18-16. In the central part of the LDZ, massive sulfides begin transitioning into contact style massive sulphides along the chamber wall. This means there’s a lot of space along the contact of the intrusion for high-grade massive sulphides.”

As highlighted in the press release:

The eastern section of the Lower Discovery Zone (LDZ) expands and thickens to the north as demonstrated by drill hole EL-19-82 which cut 9.83 meters of massive sulphides grading 7.2 percent nickel, 3.6 percent copper and 4.8 grams per tonne (g/t) 3PM (precious metals palladium, platinum and gold combined) within 32.75 meters of 2.7 percent nickel and 1.6 percent copper (135.25m to 168m). This hole also cut 5.97 meters of 4.3 percent nickel, 2.3 percent copper and 1.5 g/t 3PM in the Upper Discovery Zone (UDZ)

Click here to read the full Garibaldi Resources (TSXV:GGI) press release.

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