TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC, May 6, 2021 /CNW/ - Garibaldi Resources (TSXV:
GGI) (the "Company" or "Garibaldi") is pleased to provide
exploration plans designed to expand the footprint of the flagship
E&L nickel-copper-cobalt-precious-metal massive sulphide zone
at Nickel Mountain, and establish new discoveries along the 15km
strike-length between the E&L and the nickel-copper outcrops
identified at Mount Shirley in 2020.
The 2021 program will also explore for Eskay Creek type
gold-silver rich volcanogenic-massive-sulphide (VMS) mineralization
in the Hazelton Group, which covers a significant portion of the
Company's highly prospective Palm Springs claims in the heart of
the historic Eskay camp, within the Golden Triangle of northwest
British Columbia.
The first stage of the 2021 exploration season will begin with
two separate airborne geophysical surveys. Geotech LTD.'s
proprietary deep penetrating ZTEM survey will probe for conductive
targets at depths far greater than previous VTEM surveys. The ZTEM
system's twofold objective is to first test the depth-extent of the
battery metal-rich E&L intrusion, and survey for E&L type
conductors along the northeast gabbro trend to Mount Shirley.
The ZTEM survey will then cover the remainder of the Company's
Palm Springs claims including Casper, Triple Faults, the Eskay
North block and other priority target areas, aimed at detecting
conductors and stratigraphy prospective for hosting Eskay Creek
style VMS mineralization.
Garibaldi is also participating in a SkyTEM Canada Inc. survey
over select high priority target areas with technology to map the
conductive and resistive properties of host rocks. The recognition
of the prospective mineral potential of the Hazelton Group's
stratigraphic sequence is of great importance. Exploration in 2021
will test the mineral potential of structures beneath the Bowser
Group.
Geophysical Surveys
- ZTEM will target E&L conductive mineralized gabbro below
the deepest 650m mineralized drill
intercepts in 2020. The E&L massive sulphides rank amongst the
highest percentile nickel-copper grades globally and contain eleven
separate metals including cobalt, palladium, platinum, gold,
silver, iridium, ruthenium, osmium and rhodium. Plans for drilling
deeper ZTEM anomalies involve building drill platforms farther
downslope to provide more productive holes from lower elevations on
Nickel Mountain.
- Garibaldi's geological team understands the mineral potential
of the Hazelton group to host not
only magmatic nickel-copper-cobalt massive sulphide mineralization,
but also gold-silver rich VMS mineralization of the type found at
Eskay Creek. The SkyTEM survey will help identify stratiform
rock units related to VMS formation and precious-metal
deposition.
- The Eskay Camp is attracting ever more global mining interest
with each new discovery. Garibaldi's VMS prospective Palm Springs
claims are bisected by the Harrymel-Unuk fault and will be the
focus of more intense exploration for new mineralized horizons.
Both ZTEM and SkyTEM surveys will seek to identify key structural
trends with stratigraphic features on Garibaldi's claims, similar
to those described in recent VMS discoveries within the Eskay
Camp.
Collaboration
Garibaldi Resources and neighbor Metallis Resources Inc. are
sharing logistical costs on Geotech's ZTEM airborne survey over
each Company's claims. Garibaldi is also participating in neighbor
Eskay Mining Corp.'s property-wide SkyTEM survey over select target
areas. Working closely with neighbors will benefit all
shareholders.
Garibaldi's SkyTEM target areas, will focus on Eskay Creek type
VMS stratigraphy along structural belts through its Palm Springs
claims northwest of Eskay Mining's recent TV and Jeff VMS
precious-metal rich discoveries.
Garibaldi's Eskay Claim group
Recognition of the Eskay Camp's remarkable geology and
exploration history is drawing significant institutional, academic
and government interest. Since last fall, Garibaldi is pleased to
have been invited to participate in several projects and studies
including a Critical Metals Initiative with Natural Resources
Canada, a collaborative academic-industry project with the Mineral
Deposit Research Unit of UBC targeting the metallogenic
significance of the Hazelton Group, and geophysical collaboration
with Geoscience B.C.
The supportive out-reach from Government agencies both Federal
and Provincial, regarding Garibaldi's E&L nickel-copper-cobalt
massive sulphide project and its highly prospective claim group,
reflects its geological importance and significant potential.
VP Exploration Jeremy Hanson stated "We have been working
diligently all winter with plans for high priority targets at
Nickel Mountain aiding in tracing the E&L gabbro deeper along
trend. As well, we have a number of exciting nickel, copper, gold
and zinc outcrops with potential for new discoveries. We are very
eager, just like the rest of the industry to get boots back on the
ground for a very busy and exciting year."
Garibaldi presents conceptual geologic models. See new
maps at www. GaribaldiResources.com.
Steve Regoci, Garibaldi CEO,
stated: "Garibaldi's Eskay Claim Group is far exceeding our
expectations, the discovery of the E&L nickel-copper massive
sulphide intrusion along a prospective gabbroic belt of mineralized
intrusive now extends over 15 km and the abundance of mineralized
surface showings is very impressive.
In addition to the E&L and Casper projects, the prospect of
VMS gold mineralization along the anticline structures on the Palm
Springs claim block, provides a potential wealth of new exploration
targets. Plans for financing an expanded exploration program will
be announced at the earliest opportunity."
Qualified Person
Jeremy Hanson, P.Geo., VP
Exploration Canada for the Company and a qualified person as
defined by NI- 43-101, has supervised the preparation of and
reviewed and approved of the disclosure of information in this news
release.
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 British
Columbia and Mexico.
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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content:http://www.prnewswire.com/news-releases/garibaldi-plans-for-2021-el-and-palm-springs-exploration-301285366.html
SOURCE Garibaldi Resources Corp.
