Garibaldi Drills 7.3% Nickel and 3.3% Copper Over 9.9 m at Nickel Mountain

Garibaldi Resources (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to provide the following update regarding its nickel-copper-rich massive sulphide discovery at Nickel Mountain near Eskay Creek including new high-grade drill results:

Highlights:

  • Drill hole EL-17-09 east of the historic E&L deposit (“Discovery Zone”) has intersected two separate zones of mineralization including 9.9 meters of massive sulphides featuring 7.3% nickel and 3.3% copper within a broader 12-meter section grading 6.2% nickel and 2.9% copper;
  • New potential at the historic E&L northwest zone continues to be revealed with EL-17-08 returning 39.3 meters grading 1.27% nickel and 0.81% copper, starting from 25.7 meters, including 5.85 meters @ 5.1% nickel and 2.0%copper;
  • Additional analysis of geophysical data has greatly expanded the number of high-quality VTEM conductors trending north-northeast of the new discovery zone along a minimum 6-km Nickel Mountain mineralized trend leading to Anomaly “A”.

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