08:43:43 EDT Fri 09 May 2025
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Giga Metals Corp
Symbol GIGA
Shares Issued 105,587,461
Close 2024-12-02 C$ 0.11
Market Cap C$ 11,614,621
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Giga receives Turnagain exploration recommendations

2024-12-02 19:41 ET - News Release

Mr. Mark Jarvis reports

GIGA METALS PROVIDES TURNAGAIN PROJECT UPDATE

Giga Metals Corp. has received a report and exploration recommendations by Dr. Stephen Beresford regarding the potential for high-grade mineral targets within the Turnagain ultramafic complex.

"We wanted to get fresh eyes on our data," said Mark Jarvis, chief executive officer of Giga Metals. "We have 383 drill holes totalling 97,361 metres, several geochem surveys and geophysical surveys, and other data, but more than 80 per cent of the Turnagain complex remains unexplored or underexplored. I am excited about the opportunity to work with Dr. Beresford, who is in the top tier of nickel exploration geologists worldwide."

"My mandate was to evaluate the prospectivity of potential high-grade targets within the mineralized system and to recommend an exploration program that would focus on these targets," said Dr. Beresford. "My conclusion is that there are several target types in play. One important target is a potential Volkovsky-type massive copper sulphide magnetite deposit in the Attic zone. Another target is semi-massive sulphide breccia pipes within the Attic and Bench zones, similar to Giant Mascot and Aguablanca. These and other target types should be evaluated with a gravity survey, ground-based [electromagnetics] and drilling."

Historical magnetic survey data are being reprocessed to better define the geometry of the intrusive and to help design a gravity survey.

About Giga Metals Corp.

Giga Metals' core asset is the Turnagain project, located in Northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned 85 per cent by Giga Metals and 15 per cent by Mitsubishi Corp. A prefeasibility study was released in October, 2023.

Technical information in this news release has been reviewed and approved by Greg Ross, PGeo, a qualified person as defined by National Instrument 43-101.

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