Garibaldi Follows New High-Grade Pathways Below Lower Discovery Zone at Nickel Mountain
Garibaldi Resources Corp. [TSXV: GGI] reported this afternoon that the latest assay results from Nickel Mountain continue to build on high-grade nickel sulphide mineralization near-surface in multiple zones while significant new potential is being identified at depth with a confirmation of a mineralized chamber and the discovery of another mineralized chamber, both in addition to the main E&L chamber.
Crews have just completed drill hole EL-19-80, the 34th of this season, as they continue to expand the scale of Northwest British Columbia’s first nickel-copper-rich magmatic sulphide system in all directions. This update includes assays for 11 additional holes through EL-19-61, following previously reported EL-19-53, EL-19-48 and EL-19-47. Jeremy Hanson, Garibaldi VP-Exploration, stated: “Many more assays are yet to come. 2019 will unquestionably be our most productive and significant season yet at Nickel Mountain.”
Garibaldi closed at $1.50, up $0.05 cents at the end of the trading day.