Received by email:
File: GGI Dec 8 NR FINAL.docx
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: GaribaldiResources.com
December 8, 2017 TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
GARIBALDI DRILLS 8.3% NICKEL AND 4.2% COPPER
OVER 16.75 METERS AT NICKEL MOUNTAIN
Vancouver, British Columbia, December 8, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is ple
--->ased to announce that assays for Discovery Hole 14 at Nickel Mountain near Eskay Creek have returned a 40.4-meter mine
--->ralized zone featuring a massive sulphide intersection with rich grades of nickel and copper over 16.75 meters.
Highlights:
Discovery Hole 14 (EL-17-14), collared 200 meters east of the historic E&L deposit ("Discovery Zone") and drilled towa
--->rd the west-southwest, has cut 8.3% nickel and 4.2% copper over 16.75 meters within a broader 40.4-meter section gradi
--->ng 3.9% nickel and 2.3% copper from 100.4 to 140.8 meters (approximate true width);
The 16.75-meter massive sulphide intercept also included 6.4 g/t combined platinum-palladium, 0.19% cobalt, 1.1 g/t go
--->ld and 11.1 g/t silver;
Drill data to date indicates a sequence of widening intercepts and increasing grades toward the Discovery Zone to the
--->east which remains open for expansion in all directions including at depth.
Massive sulphide mineralization in EL-17-14 has a characteristic Nickel Mountain "leopard print texture" featuring loo
--->p-textured chalcopyrite and pentlandite surrounding 1 to 10 cm diameter variably elongated crystals of pyrrhotite.
Dr. Peter Lightfoot, one of the world's top nickel sulphide experts and a technical advisor to Garibaldi, commented: "
--->In the context of Sudbury contact type mineralization, there are very few zones within the mined or historic deposits
--->that approach the values encountered in the massive sulphides of EL-17-14. Based on those comparisons and others, data
---> for EL-17-14 point to a discovery of outstanding quality with a very pure style of sulphide mineralization that has o
--->ptimal process technology characteristics."
Table 1: Discovery Hole 14 composite grade intervals
Hole #
Interval width (from - to)
Ni %
Cu %
Co %
Pt (g/t)
Pd (g/t)
Au (g/t)
Ag (g/t)
Ni+Cu (%)
EL-17-14
over 40.4m (100.4 - 140.8m)
3.93
2.35
0.092
1.045
2.299
0.695
7.7
6.28
Including
over 13.5m (106.5 - 120.0m)
1.14
1.35
0.031
0.591
0.973
0.575
7.3
2.49
**And
over 16.75m (123.75 - 140.5m)
8.29
4.24
0.187
1.959
4.455
1.129
11.1
12.53
*Combined 1% nickel-copper is a minimum threshold for comparative analysis of composites
**Note: denotes interval of massive sulfides (75-100%); intervals are approximate true widths
Table 2: Discovery Hole 14 co-ordinates
Hole
Zone
Easting*
Northing*
Elevation (mASL)
Azimuth
Dip
Length (m)
EL-17-14
Discovery
396292
6271502
1846
257
-47.5
252
*UTM Zone 9N WGS 1984
Other highlights:
The massive sulphide interval in EL-17-14 belongs to a different massive sulphide lens relative to the massive sulphid
--->e interval from hole EL-17-04, also in the Discovery Zone east of the historic E&L deposit;
The fact that three massive sulphide lenses have now been encountered at the E&L underscores the superior mineral pote
--->ntial of the intrusion due in part to a "magma highway" that has efficiently supported the transfer of repeated pulses
---> of magma from the mantle to the crust;
The massive sulphide zones have not been delimited in any way. Additional maps beyond Garibaldi's current 2D schemati
--->c map will be released in the near future.
Steve Regoci, Garibaldi President and CEO, stated: "We eagerly anticipate providing additional Nickel Mountain updates
---> in the near future including drill results from holes 10 through 13 while interpretation of extensive geophysical dat
--->a also continues.
"The excitement level of our exploration team of geologists and geophysicists is understandable with these results. O
--->ur group of renowned nickel industry specialists have high expectations of adding a new chapter to the illustrious exp
--->loration history of the Eskay Camp," Regoci concluded.
Garibaldi Investor Event
Garibaldi will be holding an event for interested investors Thursday, December 14, beginning at 1:30 pm at a downtown
--->Vancouver establishment. Investors interested in attending must reserve as soon as possible by contacting MarketSmart
---> Communications at (604) 261-4466.
Garibaldi Chosen For Roundup Core Shack
Garibaldi is pleased to announce that the Company has been chosen to participate in the "Core Shack" at the AME Minera
--->l Exploration Roundup 2018. Members of the GGI nickel team will be at booth number 825 January 22-23 to speak with in
--->vestors and present drill core samples from the Nickel Mountain discovery.
Garibaldi AGM
Garibaldi's annual AGM will take place Wednesday, December 13, beginning at 11:00 am at Suite 451-409 Granville St., V
--->ancouver, B.C.
Updated Drill Hole Map
To view an updated schematic cross-section map, please visit the home page of the Garibaldi web site (GaribaldiResourc
--->es.com) where the new map will be posted this morning.
Quality Assurance/Quality Control (QA/QC)
Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel Mountain Projec
--->t using best industry practice. All core was logged by a professional geoscientist and selected intervals were sampled
--->. NQ2 drill core was sawn in half and each sample half was placed in a marked sample bag with a corresponding sample t
--->ag then sealed. The remaining half core is retained in core boxes that are stored at a secure facility in Smithers, Br
--->itish Columbia. Chain of custody of samples was recorded and maintained for all samples from the drill to the laborato
--->ry.
All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards and field dupl
--->icates. Two certified ore assay laboratory standards and one blank standard were used in the process and were supplied
---> by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, British Columbia. Samples were submi
--->tted to SGS Canada Inc. in Vancouver, British Columbia, an ISO 9001: 2008 certified lab, for base metal, sulphur and p
--->recious metal analysis using Inductivity Coupled Plasma (ICP), Fire Assay (FA) and Leco methods.
Samples were prepared by crushing the entire sample to 75% passing 2mm, riffle splitting 250g and pulverizing the spli
--->t to better than 85% passing 75 microns. Gold, platinum and palladium were analyzed using a 30 gram fire assay and ICP
--->-AES. Total sulfur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt, silver and base metals
--->were analyzed by sodium peroxide fusion and ICP-MS.
The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and
---> has been verified by Everett Makela, a Qualified Person as defined by NI-43-101.
Qualified Person & Data Verification
Mr. Everett F. Makela, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as defined by NI
--->-43-101, has supervised the preparation of, reviewed and approved of, the disclosure of information in this news relea
--->se. Mr. Makela has verified the data, including drilling, sampling, test and recovery data by supervising all such pro
--->cedures on site. There are no known factors that could materially affect the reliability of data collected and verifie
--->d under his onsite supervision. No quality assurance/quality control issues have been identified to date.
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 a
--->ccuracy of this release.
File: GGI Dec 8 NR FINAL.pdf
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: GaribaldiResources.com
December 8, 2017
---> TSXV: GGI
---> OTC: GGIFF
---> Frankfurt: RQM
GARIBALDI DRILLS 8.3% NICKEL AND 4.2% COPPER
OVER 16.75 METERS AT NICKEL MOUNTAIN
Vancouver, British Columbia, December 8, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or
"Garibaldi") is pleased to announce that assays for Discovery Hole 14 at Nickel Mountain near Eskay Creek
have returned a 40.4-meter mineralized zone featuring a massive sulphide intersection with rich grades of nickel
and copper over 16.75 meters.
Highlights:
dot Discovery Hole 14 (EL-17-14), collared 200 meters east of the historic E&L deposit ("Discovery Zone")
and drilled toward the west-southwest, has cut 8.3% nickel and 4.2% copper over 16.75 meters within a
broader 40.4-meter section grading 3.9% nickel and 2.3% copper from 100.4 to 140.8 meters (approximate
true width);
dot The 16.75-meter massive sulphide intercept also included 6.4 g/t combined platinum-palladium, 0.19%
cobalt, 1.1 g/t gold and 11.1 g/t silver;
dot Drill data to date indicates a sequence of widening intercepts and increasing grades toward the Discovery
Zone to the east which remains open for expansion in all directions including at depth.
Massive sulphide mineralization in EL-17-14 has a characteristic Nickel Mountain "leopard print texture"
featuring loop-textured chalcopyrite and pentlandite surrounding 1 to 10 cm diameter variably elongated crystals
of pyrrhotite.
Dr. Peter Lightfoot, one of the world's top nickel sulphide experts and a technical advisor to Garibaldi,
commented: "In the context of Sudbury contact type mineralization, there are very few zones within the mined
or historic deposits that approach the values encountered in the massive sulphides of EL-17-14. Based on those
comparisons and others, data for EL-17-14 point to a discovery of outstanding quality with a very pure style of
sulphide mineralization that has optimal process technology characteristics."
Table
1:
Discovery
Hole
14
composite
grade
intervals
Pt
Pd
Au
Ag
Ni+Cu
Hole
#
Interval
width
(from
-
to)
Ni
%
Cu
%
Co
%
(g/t)
(g/t)
(g/t)
(g/t)
(%)
EL-17-14
over
40.4m
(100.4
-
140.8m)
3.93
2.35
0.092
1.045
2.299
0.695
7.7
6.28
Including
over
13.5m
(106.5
-
120.0m)
1.14
1.35
0.031
0.591
0.973
0.575
7.3
2.49
**And
over
16.75m
(123.75
-
140.5m)
8.29
4.24
0.187
1.959
4.455
1.129
11.1
12.53
*Combined
1%
nickel-copper
is
a
minimum
threshold
for
comparative
analysis
of
composites
**Note:
denotes
interval
of
massive
sulfides
(75-100%);
intervals
are
approximate
true
widths
Table
2:
Discovery
Hole
14
co-ordinates
Hole
Zone
Easting*
Northing*
Elevation
(mASL)
Azimuth
Dip
Length
(m)
EL-17-14
Discovery
396292
6271502
1846
257
-47.5
252
*UTM
Zone
9N
WGS
1984
Other highlights:
dot The massive sulphide interval in EL-17-14 belongs to a different massive sulphide lens relative to the
massive sulphide interval from hole EL-17-04, also in the Discovery Zone east of the historic E&L deposit;
dot The fact that three massive sulphide lenses have now been encountered at the E&L underscores the superior
mineral potential of the intrusion due in part to a "magma highway" that has efficiently supported the
transfer of repeated pulses of magma from the mantle to the crust;
dot The massive sulphide zones have not been delimited in any way. Additional maps beyond Garibaldi's
current 2D schematic map will be released in the near future.
Steve Regoci, Garibaldi President and CEO, stated: "We eagerly anticipate providing additional Nickel
Mountain updates in the near future including drill results from holes 10 through 13 while interpretation of
extensive geophysical data also continues.
"The excitement level of our exploration team of geologists and geophysicists is understandable with these
results. Our group of renowned nickel industry specialists have high expectations of adding a new chapter to the
illustrious exploration history of the Eskay Camp," Regoci concluded.
Garibaldi Investor Event
Garibaldi will be holding an event for interested investors Thursday, December 14, beginning at 1:30 pm at a
downtown Vancouver establishment. Investors interested in attending must reserve as soon as possible by
contacting MarketSmart Communications at (604) 261-4466.
Garibaldi Chosen For Roundup Core Shack
Garibaldi is pleased to announce that the Company has been chosen to participate in the "Core Shack" at the
AME Mineral Exploration Roundup 2018. Members of the GGI nickel team will be at booth number 825
January 22-23 to speak with investors and present drill core samples from the Nickel Mountain discovery.
Garibaldi AGM
Garibaldi's annual AGM will take place Wednesday, December 13, beginning at 11:00 am at Suite 451-409
Granville St., Vancouver, B.C.
Updated Drill Hole Map
To view an updated schematic cross-section map, please visit the home page of the Garibaldi web site
(GaribaldiResources.com) where the new map will be posted this morning.
Quality Assurance/Quality Control (QA/QC)
Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel
Mountain Project using best industry practice. All core was logged by a professional geoscientist and selected
intervals were sampled. NQ2 drill core was sawn in half and each sample half was placed in a marked sample
bag with a corresponding sample tag then sealed. The remaining half core is retained in core boxes that are stored
at a secure facility in Smithers, British Columbia. Chain of custody of samples was recorded and maintained for
all samples from the drill to the laboratory.
All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards and
field duplicates. Two certified ore assay laboratory standards and one blank standard were used in the process
and were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, British
Columbia. Samples were submitted to SGS Canada Inc. in Vancouver, British Columbia, an ISO 9001: 2008
certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), Fire
Assay (FA) and Leco methods.
Samples were prepared by crushing the entire sample to 75% passing 2mm, riffle splitting 250g and pulverizing
the split to better than 85% passing 75 microns. Gold, platinum and palladium were analyzed using a 30 gram
fire assay and ICP-AES. Total sulfur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt,
silver and base metals were analyzed by sodium peroxide fusion and ICP-MS.
The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and
reproducibility and has been verified by Everett Makela, a Qualified Person as defined by NI-43-101.
Qualified Person & Data Verification
Mr. Everett F. Makela, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as
defined by NI-43-101, has supervised the preparation of, reviewed and approved of, the disclosure of information
in this news release. Mr. Makela has verified the data, including drilling, sampling, test and recovery data by
supervising all such procedures on site. There are no known factors that could materially affect the reliability of
data collected and verified under his onsite supervision. No quality assurance/quality control issues have been
identified to date.
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.
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