Garibaldi Resources (TSXV: GGI) this morning announced that it has started its drill program for the 2020 exploration season at the firms flagship Nickel Mountain project, located in BC’s Golden Triangle. Details on the size of the program were not provided by the company.
The exploration program is said to be largely focused on the firms two kilometre long east to southeast trending corridor, which has been intrepeted by the company as being a significant magmatic pathway. The first drill holes made by the company will be focused on testing a large conductor at the firms Lower Discover Zone, on the eastern side of the zone.
Targets for the program are based on data collected over the previous seasons program, including mineralized chambers found at the end of 2019, surface electromagnetic anomalies and BHEM anomalies. As a whole, the program will be focused on expanding the scale of the E&L high grade deposit along the trend defined by the 2019 program.
Garibaldi is focused on supporting the interpretation of a dynamic magmatic nickel-copper-rich massive sulphide system at the property. Results since 2017 have supported this interpretation, with the property believed to have significant scale potential with high grade nickel. The property is in the “heart” of the Eskay Camp in British Columbia.
Garibaldi Resources last traded at $0.72 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.
