Garibaldi Resources drills deepest nickel-copper yet at E&L

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

*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.

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