{"id":1206973,"date":"2020-09-11T13:10:21","date_gmt":"2020-09-11T18:10:21","guid":{"rendered":"https:\/\/resourceworld.com\/?p=59748"},"modified":"2020-09-11T13:10:21","modified_gmt":"2020-09-11T18:10:21","slug":"garibaldi-extends-mineralized-zone-at-nickel-mountain","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1206973","title":{"rendered":"Garibaldi extends mineralized zone at Nickel Mountain"},"content":{"rendered":"

Garibaldi Resources Corp.<\/strong> [GGI<\/a>-TSXV; GGIFF<\/a>-OTC; RQM-FSE] on Friday September 11 released a drilling update at its 100%-owned E&L Project on Nickel Mountain near Eskay Creek in the Golden Triangle region of northwestern British Columbia.<\/p>\n

The E&L Project is the first magmatic nickel-copper-rich massive sulphide system to be discovered in the Golden Triangle which is known for its endowment of gold and silver.<\/p>\n

Interest in Nickel Mountain was triggered in summer 2017 when hole EL-17-14 intersected 8.3% nickel, 4.2% copper, 0.19% cobalt, 1.96 g\/t platinum, 4.5 g\/t palladium, 1.1 g\/t gold, and 11.1 g\/t silver over 16.75 metres starting just 100.4 metres downhole, within a broader 40.4-metre core length highlighted by 3.9% nickel and 2.4% copper.<\/p>\n

In February 2019, Garibaldi confirmed an even shallower new zone (Northeast Zone) with hole EL-18-33 that returned 7.7% nickel and 2.95% copper over 4.8 metres within a broader interval of 49 metres grading 1.34% nickel and 0.89% copper (core length) plus cobalt, platinum, palladium, gold and silver.<\/p>\n

Last year, the company said drilling would focus on building out the five currently known mineralized zones at the E&L deposit (Discovery zone (Upper and Lower), Northeast Zone, Central Zone, and Northwest) outlined via 46 drill holes in 2017 and 2018.<\/p>\n

Garibaldi said the first 2020 drill holes will test a large conductor on the eastern side of the Lower Discovery Zone. Exploration would also focus along a prospective 2-km-long east-southeast trending corridor interpreted to be a significant magmatic pathway for the E&L Intrusion.<\/p>\n

The 2020 program aims to expand the scale of the E&L high-grade deposit along a trend defined by 2019 drilling.<\/p>\n

The Friday press release stated drilling succeeded in identifying a mineralized extension of the E&L intrusion along a predicted plunging trend towards the east. Strike length of the mineralized E&L system has been extended from 200 metres to over 650 metres to the east where the intrusion remains open.<\/p>\n

Highlights include hole EL-20-89 which produced the widest mineralized intercept so far from 71.34 metres to 223 metres, returning nickel-copper mineralization over 151.6 metres grading 0.56% nickel and 0.61% copper. This intercept included 80.53 metres of 0.88% nickel and 0.85% copper.<\/p>\n

With the new geochemical and geophysical targets located at depth, the immediate goal is to follow the steeply-plunging E&L gabbro to the east.<\/p>\n

Garibaldi shares eased 6.2% or $0.04 to 60 cents in early trading Friday on volume of 167,981. The shares are currently trading in a 52-week range of $2.03 and 37 cents.<\/p>\n","protected":false},"excerpt":{"rendered":"

Garibaldi Resources Corp. [GGI-TSXV; GGIFF-OTC; RQM-FSE] on Friday September 11 released a drilling update at…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[22,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206973"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1206973"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206973\/revisions"}],"predecessor-version":[{"id":1206974,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206973\/revisions\/1206974"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1206973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1206973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1206973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}