Garibaldi Resources announces the following exploration update as additional crews fill an expanded 40-person camp near the Eskay Creek mine to launch the most extensive drill campaign in Company history at the nickel-copper-rich Nickel Mountain massive sulphide discovery.
In support of drilling, which will commence in approximately 7 days, state-of-the-art geophysics utilizing HeliSam hybrid ground-air technology is now being carried out over a broad area in all directions surrounding the high-grade discovery zone.
This cutting edge survey by Discovery Geophysics International (HeliSam) will provide valuable new information in real time for precise drill hole locations within the HC-1 conductor target area interpreted by renowned Sudbury geophysicist Alan King as drilling steps out initially to the south of EL-17-14 (see January 25, 2018 news release).
Preliminary results from the VTEM survey completed during Q1 have extended the Nickel Mountain trend of conductors by 3.5 km to the northeast while also revealing multiple new gold-VMS target areas on the Palm Springs Property, part of Garibaldi's 200 sq. km Eskay Camp land package.
Steve Regoci, Garibaldi President and CEO, commented: "Given 'proof of concept' achieved with geophysics at Nickel Mountain last year, which gave us this game-changing high-grade nickel sulphide discovery in the Eskay Camp, we have 'doubled down' on the best technology to efficiently target potential new massive sulphide zones.
"Supported by a treasury currently at $26 million, the Garibaldi base camp plus our operations at the top of Nickel Mountain have been expanded and upgraded to allow for drilling well into the winter season," Regoci concluded.