Garibaldi Resources is pleased to announce assays results from the first holes of the continuing drill program at its 100-percent-owned Nickel Mountain project in the Eskay Camp.
Garibaldi Resources (TSXV:GGI; OTC:GGIFF) is pleased to announce that assays from the first holes of the continuing drill program at its 100-percent-owned Nickel Mountain project in the Eskay Camp have confirmed wide intervals of near-surface nickel-copper-rich sulphide mineralization, also including cobalt, platinum, palladium, gold and silver, in all directions surrounding the 2017 discovery zone.
As quoted in the press release:
Steve Regoci, President and CEO of Garibaldi, commented: “The potential scale of the Nickel Mountain system, and the high grades and metal tenors confirmed within the growing footprints of the Discovery zone-Northwest zone corridor, continue to excite our team of nickel sulphide experts. We’ve already more than doubled last year’s total meters drilled (8,000 m vs. 3,671 m, drilling of hole #36 is now in progress) and we’ve started the process of stepping out dramatically in multiple directions from the Discovery zone to follow both the geology and our state-of-the-art geophysics data from borehole EM and VTEM.
“We now expect a steady flow of results and a very exciting fourth quarter as drilling extends deep into the season to capitalize on the growing opportunity for new discoveries. Geologists are targeting the mineralized ‘throat’ areas of an extensive magmatic system. Our current working capital position is very strong at $20 million,” Regoci concluded.