Garibaldi Resources Corp., Vancouver, Canada, (TSX.V: GGI). Further to the Company’s December 30, 2020 news release, this update amends results from the recently completed 2020 drill program, targeting deeper extensions of the easterly plunging E&L intrusion. Hole EL-20-96 intersected a newly discovered semi-massive sulphide zone 450 meters east of the Lower Discovery Zone (LDZ) at a depth of 645 meters. The values for a single 18.5meter intersection within hole 96 at a depth of 144-162.5 meters were incorrectly transposed and the company provides the corrected description and assay table below;
- EL-20-96 also produced an 18.5meter interval including the lower section of the orbicular gabbro and top portion of the LDZ significantly enriched in palladium and platinum, grading 2.00 g/t Pd, 0.97 g/t Pt. and 0.76 g/t Au. Notably, this hole intercepted a series of gabbros from surface to over 640 meters.
Amended Assay Results for Drill Holes EL-20- 96
| HOLE (#) |
INTERVAL WIDTH (FROM – TO) |
NI (%) |
CU (%) |
CO (%) |
PT (G/T) |
PD (G/T) |
AU (G/T) |
AG (G/T) |
|---|---|---|---|---|---|---|---|---|
| *including | over 18.5 m (144 – 162.5 m) | 1.97 | 1.68 | 0.05 | 0.97 | 2.00 | 0.76 | 6.94 |
**Massive sulphides (75-100%); *Semi-massive sulphides (50% – 75%).
Intervals are core lengths (true widths are estimated to be 80% of reported intervals)
About Garibaldi Resources
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of British Columbia and Mexico.