North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Garibaldi Resources Corp. Dec. 31 reported that its 2020 exploration program at Nickel Mountain demonstrated the expansion potential of the E&L zones, despite the significant challenge faced last year at this nickel, copper, cobalt, platinum group metals, gold, and silver enriched project in the heart of British Columbia's Golden Triangle.

"Garibaldi management is very pleased with the progress made during the 2020 exploration season," said Garibaldi Resources President and CEO Steve Regoci. "Important gains have been made expanding the E&L strike length and tracking widespread nickel-copper mineralization deeper at Nickel Mountain."

Garibaldi first tapped the nickel- and copper-rich E&L intrusion at Nickel Mountain in 2017. This discovery hole, EL-17-14, cut 16.75 meters averaging 8.3% nickel, 4.2% copper, 0.19% cobalt, 1.96 grams per metric ton platinum, 4.5 g/t palladium, 1.1 g/t gold and 11.1 g/t silver from a depth of 100.4 meters.

Over the ensuing two years, the company had expanded the footprint of E&L to 650 meters along strike.

One hole drilled during the 2020 season, EL-20-96, cut a newly discovered semi-massive sulfide zone 450 meters east of Lower Discovery Zone and at a depth of 645 meters.

The new zone is along the plunge and in the same geological environment of the original E&L intrusion. Garibaldi says detailed study of geochemical, geophysical, and structural controls has supplied vectors for targeting deeper areas along a 2,000-meter-long corridor.

Other highlighted drill intercepts from the 2020 drilling at E&L include:

• 151.7 meters averaging 0.56% nickel, 0.61% copper, 0.02% cobalt, 0.25 g/t platinum, 0.5% palladium, 0.26 g/t gold, and 2.78 g/t silver in hole EL-20-89.

• 15.4 meters of 0.95% nickel and 0.66% copper, 0.02% cobalt, 0.18 g/t platinum, 0.29% palladium, 0.18 g/t gold, and 2.05 g/t silver in hole EL-20-90.

• 101.4 meters averaging 0.18% nickel, 0.16% copper and 0.01% cobalt in hole EL-20-91.

• 128.2 meters averaging 0.34% nickel, 0.37% copper, 0.01% cobalt, 0.19 g/t platinum, 0.34 g/t palladium, 0.18 g/t gold, and 1.75 g/t silver in hole EL-20-95.

Garibaldi said this drilling has resulted in a three-fold extension of the E&L footprint mineralized strike length since the start of the 2020 exploration season.

"We are very encouraged with the results of the 2020 drilling program," said Garibaldi Resource Vice President of Exploration Jeremy Hanson. "Our planning and analysis led to the discovery of a new mineralized zone 650 meters along trend of the E&L system. We have significantly enhanced the footprint with these large step-out holes and are well on our way to tracking down new mineralized zones along the E&L corridor."

When weather does not allow for access of the E&L zone on Nickel Mountain, Garibaldi geologists are investigating the Casper gold vein discovery at lower elevations at the north end of the property. This work has traced the vein for 120 meters along surface.

Garibaldi Resources Inc.

Visible gold in a sample collected from the Casper vein that averaged 76.9 g/t gold.

Grab samples collected from Casper in 2020 have returned grades as high as 249 g/t gold. Channel samples of the vein have returned grades of 4.06 g/t gold over 78 meters, including 8.71 g/t gold over 23 meters.

Garibaldi completed four diamond drill holes at Casper by the holiday break, assays are pending.

While Casper provides an easily accessible target when low cloud cover prevents access to the higher elevations on Nickel Mountain, a common occurrence during 2020, expanding E&L Zone will continue to be the primary objective for Garibaldi.

"Our plans for 2021 remain focused on identifying the conduit pathways for E&L mineralization which contains critical battery metals that are ideally suited for the rapidly developing electric vehicle markets," said Regoci.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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