Garibaldi Resources (TSXV: GGI) this morning reported assay results from its Casper project, located in northwest British Columbia. The assays come from channel sampling, with highlights from the exploration program including one sample that delivered 93.29 grams per tonne gold.
The Casper project is located thirteen kilometres north of Garibaldi’s flagship E&L project, within the Eskay camp in the golden triangle. The discovery of the Casper gold prospect, given its low elevation and proximity to the main project, has enabled the company to quick advance exploration on the target.
A total of 94 channel samples were taken at Casper, revealing a quartz vein system that extends for at least 330 meters, with the system remaining open. The samples were taken every metre, with 61 of the samples returning gold values. The result, is that the company has reported channel sample composites as averaging 4.06 g/t gold over 78.0 meters.
|Channel Sample||From (m)||To (m)||Length (m)||Au (g/t)|
The company currently is working under the belief that the Casper vein system may be just the surface of what is a much larger system at depth. There is said to be a number of mineralized veins located fifty to a hundred meters from the main vein. The company is looking to conduct further exploration and extend mineralization from the most eastern grab sample, which returned values of 249 g/t gold, while planning to conduct drilling this fall.
Garibaldi Resources last traded at $0.65 on the TSX Venture.
Information for this briefing was found via Sedar and Garibaldi Resources Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.