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Garibaldi Resources Corp
Symbol C : GGI
Shares Issued 108,272,976
Close 2018-10-18 C$ 1.95
Recent Sedar Documents

ORIGINAL: Garibaldi discovers new zone at Nickel Mountain

2018-10-18 13:43 ET - News Release

Received by email:

File: GGI Oct 18 NR FINAL.docx

 GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: GaribaldiResources.com
October 18, 2018 TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

GARIBALDI DRILLS INTO NEW ZONE AT NICKEL MOUNTAIN


Vancouver, British Columbia, October 18, 2018 - Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that 
--->the continuing drill program at Nickel Mountain, combined with surface sampling of new massive sulphide outcrops exposed
---> by melting ice and snow, has confirmed a third discovery area known as the "Central" zone in between the Northwest and 
--->Discovery zones.
Up until this summer, much of the Central zone was covered by ice and snow.  Fresh massive sulphides revealed by a reced
--->ing ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L icefield to host a major expansion 
--->of the Golden Triangle's first magmatic nickel-copper-rich sulphide system which remains open in all directions.
Highlights:
Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization over signifi
--->cant widths to depths of 75 meters - deeper holes are planned;
Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone, exposed by the ret
--->reating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-chalcopyrite mineral assemblage;
XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile consistent with the Disco
--->very zone.
Steve Regoci, Garibaldi President and CEO, commented: "The prospect of Discovery zone-type mineralization at surface, pr
--->eviously hidden by the ice, and at shallow depths in drilling in the Central zone is another exciting development at Nic
--->kel Mountain. Evidence points toward an Intrusive Complex with deep roots, so we look forward to continued delineation o
--->f the Central zone and a first-ever look well beneath the adjoining icefield to the north and northeast through drilling
---> and borehole EM."
Crevasse Showing
Massive sulphides are exposed semi-continuously west to east for 34 meters where ice and talus overlay portions of the o
--->utcrop. The showing has a thickness of approximately four meters perpendicular to its long axis, where it extends under 
--->the ice in both directions. Massive sulphides have also been located approximately five meters below the top of the ice 
--->level in an ice cave. A total of 16 chip samples were collected along strike and have been submitted for assaying. XRF a
--->nalysis of these 16 samples, plus a 392-pound block of solid massive sulphide that was cut out from the ice, suggest a g
--->rade profile consistent with the Discovery zone to the east-southeast.
Gulley Showing
Three separate massive sulphide outcrops have been exposed in the Central zone gulley, north to south, for a strike leng
--->th of 44 meters. These were exposed by hand trenching after significant snow melt. The presence of angular sulphide boul
--->ders in the talus indicated there may be massive sulphides directly below.
Cliff Showing 
Semi-massive and massive sulphides have been identified in Central zone cliffs where a build-up of ice and snow had prev
--->iously prevented access. Sulphides are exposed trending east-west for a strike length of 21 meters along a gabbro/dyke c
--->ontact.
 
Drilling Update 
Garibaldi has completed 29 drill holes (10,623 meters) in its 2018 campaign or 43 altogether including the 2017 program 
--->that led to the discovery of nickel-copper-rich massive sulphides east of the historic E&L Northwest zone. Garibaldi loo
--->ks forward to the release of additional assay results during this second half of October.
Maps and Photos
To view Nickel Mountain maps and fresh core photos for reported drill holes, please visit the Garibaldi web site (Gariba
--->ldiResources.com).
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 or under the supervision of an accredited 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, B.C. Chain of custody of samples was recorded and maintained for all samples from the dril
--->l to the laboratory.
All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards and field duplic
--->ates. 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, B.C. Samples were submitted to SGS Canada 
--->Inc. in Vancouver, B.C., an ISO 9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Indu
--->ctivity Coupled Plasma (ICP), Fire Assay and Leco methods.
Samples were prepared by crushing the entire sample to 75%, passing 2 mm, 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-A
--->ES. Total sulphur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt, silver and base metals wer
--->e analyzed by peroxide fusion and ICP-MS.
The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and h
--->as been verified by Everett Makela, P.Geo., a Qualified Person as defined by NI-43-101.
Qualified Person & Data Verification
Mr. Everett Makela, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as defined by NI-43-1
--->01, has supervised the preparation of, and has reviewed and approved of, the disclosure of information in this news rele
--->ase. Mr. Makela has verified the data, including drilling, sampling, test and recovery data by supervising all such proc
--->edures. There are no known factors that could materially affect the reliability of data collected and verified under his
---> 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 t
--->hrough discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and Bri
--->tish Columbia.
GARIBALDI RESOURCES CORP
Per: "Steve Regoci"
Steve Regoci,
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the acc
--->uracy of this release.


File: GGI Oct 18 NR pdf FINAL.pdf

                        GARIBALDI RESOURCES CORP.
                                               1150 - 409 Granville Street
                                                Vancouver, BC V6C 1T2
                               Telephone: (604) 488-8851 Website: GaribaldiResources.com
  October 18, 2018                                                                                                 TSXV:
---> GGI
                                                                                                                  OTC: G
--->GIFF
                                                                                                                Frankfur
--->t: RQM


              GARIBALDI DRILLS INTO NEW ZONE AT NICKEL MOUNTAIN

Vancouver, British Columbia, October 18, 2018   Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that
the continuing drill program at Nickel Mountain, combined with surface sampling of new massive sulphide outcrops exposed
---> by
melting ice and snow, has confirmed a third discovery area known as the "Central" zone in between the Northwest and Disc
--->overy
zones.

Up until this summer, much of the Central zone was covered by ice and snow. Fresh massive sulphides revealed by a recedi
--->ng
ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L icefield to host a major expansion of t
--->he Golden
Triangle's first magmatic nickel-copper-rich sulphide system which remains open in all directions.

Highlights:

    dot   Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization ov
--->er significant
        widths to depths of 75 meters - deeper holes are planned;
    dot   Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone, exposed 
--->by the
        retreating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-chalcopyrite mineral assemblage;
    dot    XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile consistent wit
--->h the
         Discovery zone.

Steve Regoci, Garibaldi President and CEO, commented: "The prospect of Discovery zone-type mineralization at surface,
previously hidden by the ice, and at shallow depths in drilling in the Central zone is another exciting development at N
--->ickel
Mountain. Evidence points toward an Intrusive Complex with deep roots, so we look forward to continued delineation of th
--->e
Central zone and a first-ever look well beneath the adjoining icefield to the north and northeast through drilling and b
--->orehole
EM."

Crevasse Showing

Massive sulphides are exposed semi-continuously west to east for 34 meters where ice and talus overlay portions of the o
--->utcrop.
The showing has a thickness of approximately four meters perpendicular to its long axis, where it extends under the ice 
--->in both
directions. Massive sulphides have also been located approximately five meters below the top of the ice level in an ice 
--->cave. A
total of 16 chip samples were collected along strike and have been submitted for assaying. XRF analysis of these 16 samp
--->les, plus
a 392-pound block of solid massive sulphide that was cut out from the ice, suggest a grade profile consistent with the D
--->iscovery
zone to the east-southeast.

Gulley Showing

Three separate massive sulphide outcrops have been exposed in the Central zone gulley, north to south, for a strike leng
--->th of 44
meters. These were exposed by hand trenching after significant snow melt. The presence of angular sulphide boulders in t
--->he talus
indicated there may be massive sulphides directly below.

Cliff Showing
Semi-massive and massive sulphides have been identified in Central zone cliffs where a build-up of ice and snow had prev
--->iously
prevented access. Sulphides are exposed trending east-west for a strike length of 21 meters along a gabbro/dyke contact.
 Drilling Update

Garibaldi has completed 29 drill holes (10,623 meters) in its 2018 campaign or 43 altogether including the 2017 program 
--->that led
to the discovery of nickel-copper-rich massive sulphides east of the historic E&L Northwest zone. Garibaldi looks forwar
--->d to the
release of additional assay results during this second half of October.

Maps and Photos

To view Nickel Mountain maps and fresh core photos for reported drill holes, please visit the Garibaldi web site
(GaribaldiResources.com).

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 or under the supervision of an accredited professional geoscientist and s
--->elected
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 faci
--->lity in
Smithers, B.C. 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 duplic
--->ates.
Two certified ore assay laboratory standards and one blank standard were used in the process and were supplied by CDN Re
--->source
Laboratories Ltd., an independent laboratory located in Langley, B.C. Samples were submitted to SGS Canada Inc. in Vanco
--->uver,
B.C., an ISO 9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Pla
--->sma
(ICP), Fire Assay and Leco methods.

Samples were prepared by crushing the entire sample to 75%, passing 2 mm, 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. T
--->otal
sulphur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt, silver and base metals were analyzed
---> by
peroxide fusion and ICP-MS.

The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and h
--->as been
verified by Everett Makela, P.Geo., a Qualified Person as defined by NI-43-101.

Qualified Person & Data Verification

Mr. Everett Makela, P.Geo., Director/VP Exploration Canada for the Company, and a Qualified Person as defined by NI-43-1
--->01,
has supervised the preparation of, and has 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. T
--->here are no
known factors that could materially affect the reliability of data collected and verified under his supervision. No qual
--->ity
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.
GARIBALDI RESOURCES CORP

Per: "Steve Regoci"
Steve Regoci,
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the acc
--->uracy of this
release.
 


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