Garibaldi Resources Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

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 in British Columbia of Canada and Mexico.

Value Proposition

World Class Grade

• Garibaldi's E&L deposit contains world-class nickel grades and metal tenors, with high ratios of pentlandite and chalcopyrite relative to pyrrhotite.

High-Value Exploration

• Garibaldi uses exploration methods and techniques backed by leading science and experts in the fields of structural geology, geochemistry, and geophysics.

Prominent Mining Camp

• Many of Garibaldi's projects are located within The Golden Triangle in Northwestern BC, a prolific mining camp with excellent infrastructure and support for exploration.

Strong Management and Team

• Garibaldi is led by strong management and technical team with a proven track record and decades of experience in the mining industry

FLAGSHIP PROJECT

E&L Nickel Mountain Project, British Columbia

• Garibaldi's E&L Nickel Mountain and Casper projects are located in the heart of Northwest British Columbia's Golden Triangle, a prolific gold mining camp rich in base and precious metals.
• Situated within a region containing diverse, world-class discoveries such as Eskay Creek (gold-silver VMS), Snip (gold), KSM (gold-copper porphyry), Brucejack (gold) and Red Chris (copper-gold porphyry).
• The E&L Nickel Mountain deposit is a high-grade, Ni-Cu-PGE and Au magmatic sulfide deposit with grades up to 8.29% Ni, 4.24% Cu, 2.25 g/t Pt, 5.95 g/t Pd and 1.13 g/t Au.
• Strong regional support for mining, established infrastructure, and access to skilled contractors and labour.
• Multiple prospects including the Casper project high-grade gold discovery, a gold-bearing quartz-sulfide system containing grades up to 249 g/t Au.

2022 Exploration Objectives

• Discovery of a new, high-grade massive sulfide zone
• Explore the southeastern plunge of the E&L intrusion using surface and bore-hole electromagnetic methods to identify new zones of mineralization associated with the 650 m extension of the E&L intrusion identified in 2020
• Drill-test geophysical targets associated with the inner and outer contacts of the variable-textured gabbros of the E&L Intrusion with Hazelton Formation siltstones and mudstones
• Exploration along the trend of the E&L intrusion to identify new zones of massive and disseminated sulfide
• Explore for the continuation of the E&L Intrusion by utilizing deep penetrating ZTEM data and by drill targeting the low resistivity zone directly underneath the known E&L system
• Drill test conductive targets modelled as geophysical plates
• Investigate the west-northwest trend of the E&L Intrusion, and explain the source of variable-textured gabbro boulders which carry Ni-Cu-Co-precious metal sulfide mineralization
• Regional exploration of the 14 km strike length of Nickel Mountain gabbro
• Explore the belt of gabbro intrusions hosted in the Hazelton Formation sediments by completing deep-penetrating, passive electromagnetic survey work followed-up by surface electromagnetic surveys to identify conductive targets associated with E&L-type intrusions that do not outcrop
• Exploration of prospects for gold-rich styles of mineralization at Casper and Palm Springs
• Investigate strike extensions of the Casper shear-quartz vein mineralization, and follow-up geochemical and geophysical anomalies indicative of potential parallel vein structures
• Investigate mineral occurrences at Palm Springs associated with similar stratigraphic position to the Eskay Creek deposit

Follow-up drilling will test for mineralization associated with broad ZTEM Low-resistivity anomalies identified by the property wide Geotech ZTEM survey. Drilling in 2022 intersected sulphide nickel-copper mineralization (assays pending) coincident with newly identified ZTEM anomalies (see news release Sept. 22, 2022). These broad geophysical targets track the Nickel Mountain Gabbroic Complex base metal corridor along strike of the 15 km long NMGC, within the Eskay district of the Golden Triangle in Northwest British Columbia.

Investment Highlights

World-Class Experts and Exploration Methods

• Industry-leading scientific practices and structured, methodical exploration to vector towards mineralization
• Utilizing BHEM, world-class structural analysis and analytical geochemistry from leading experts provides the best possible value to shareholders from exploration activities

Diverse Commodities and Deposits Types

• Multiple prospects in The Golden Triangle, a rich and prominent mining camp rich in metals
• New high-grade gold discoveries on the Casper project, adding value and potential to an exciting and diverse project pipeline

Exceptional Grades and High-Quality Mineralization

• E&L Nickel Mountain contains sulfide metal grades and tenors exceeding those in most global magmatic sulfide deposits
• Better grades result in lower costs of extraction and higher value per unit of volume
• The E&L intrusion is open in multiple directions at depth with high potential for discoveries along trend

Management

Management and Directors

Steve Regoci, President and Chief Executive Officer, Director

Providing overall guidance for Garibaldi's acquisitions and exploration strategies since 2004, Mr. Regoci has extensive entrepreneurial background. His expertise includes a strong understanding of the capital markets, corporate due diligence, strategic planning, and mergers and acquisitions in the mining sector.

Barrie Di Castri, Executive Vice President, CFO and Director

Mr. Di Castri has over 40 years of experience in professional management, marketing and sales. For two decades he has also been successful in the field of industrial minerals. He is also currently President of San Pedro Stone Inc.

Jeremy Hanson, Vice President Exploration Canada and Director

Mr. Hanson has been an integral part of Garibaldi's B.C. exploration team since 2015 and was promoted to the position of VP Exploration Canada in 2019. Mr. Hanson's work at and around the E&L deposit at Nickel Mountain in the summer of 2016 was instrumental in advancing the E&L toward a major new discovery of nickel-copper-rich massive sulfides in 2017. He is the President of Hardline Exploration Corp.

Dr. Raymond Goldie, Director

Dr. Craig Gibson, Director

Greg Burnett, Director

Technical Advisors

Dr. Peter Lightfoot

Dr. Peter Megaw

Alain Charest

Dr. Joseph A. Zamudio

Rafael Hinojosa

Dr. Jules Lajoie

Alan King

Please refer to Garibaldi's website www.garibaldiresources.com for complete biographies.

News Update

On January 02, 2024, At Garibaldi Resources Corp.'s annual general and special meeting held on Dec. 28, 2023, the shareholders approved the entire agenda in the notice of meeting, including the notice of an equity incentive plan which has a 10-per-cent rolling stock option component and fixed restricted share unit, performance share unit, and deferred share unit components reserving an aggregate of 13,740,285 shares for issuance. Shareholder approval of the plan must be obtained annually at the company's annual general meeting. In addition, the plan must be submitted to the TSX Venture Exchange for review and acceptance on an annual basis.

On November 01, 2023, Further to the news release of Sept. 28, 2023, Garibaldi Resources Corp. has received final approval from the TSX Venture Exchange to the restated amending agreement with DeCoors Mining Corp., amending the buyback acquisition of the 2.0-per-cent net smelter return royalty payable on the company's Palm Springs claims located in northwestern British Columbia. Pursuant to the terms of the amending agreement, the company may acquire a 1.0-per-cent NSR on the property by issuing 500,000 common shares of the company over a four-year period. The company may acquire the remaining 1.0-per-cent NSR by making a cash payment of $2-million.

On Oct. 30, 2023, the company issued 100,000 shares to DeCoors. The shares are subject to a statutory hold period expiring four months and one day after issuance of the shares.

On October 24, 2023, The TSX Venture Exchange has accepted for filing, documentation pertaining to the amending agreement entered into on Sept. 25, 2023, between Garibaldi Resources Corp. and an arm's-length vendor, subsequent to the original agreement dated May 5, 2016, and amended agreement dated June 11, 2018, for the buyback acquisition of the 2.0-per-cent net smelter return (NSR) royalty payable on the company's Palm Springs claims, located in northwestern British Columbia. Pursuant to the terms of the amending agreement, the company may acquire a 1.0-per-cent NSR royalty on the property by issuing 500,000 common shares over a four-year period. The company may acquire the remaining 1.0-per-cent NSR royalty by making a cash payment of $2-million.

On September 28. 2023, Garibaldi Resources Corp. has provided an update ont following corporate updates.

Net Smelter Return Buy BackGaribaldi has entered into an agreement with De Coors Mining, a private company ("De Coors") to buy back the remaining 1% underlying Net Smelter Return (NSR) retained by De Coors, for Garibaldi's 100% owned Palm Springs (PSP) claims within the 180 sq. km Eskay Claim Group in Northwest British Columbia.

The original agreement in 2016 was subject to a 2% NSR in favor of De Coors which Garibaldi could purchase half of (1%) at any time for $1 million CDN.

The Company has signed an amended agreement to issue De Coors 500,000 common shares of Garibaldi over 5 years and doubled the purchase price of the original 1% NSR to $2 million CDN payable at any time, leaving Garibaldi with the exclusive option to reduce the NSR on the Palm Spring Claims to 0%.

On September 06, 2023, Garibaldi Resources Corp. has released an analysis of results for holes EL-22-97b and EL-22-98. The 2022 drill program at Nickel Mountain focused on testing the large ZTEM response along trend of the E&L gabbro system and successfully intercepted semi-massive sulphides within the broad geophysical target. The deep-seated ZTEM anomaly continues below the E&L for more than 1,000 meters and represents a large volume of highly prospective rocks. The Company's 100% owned Nickel Mountain-Palm Springs claims cover 180 sq. kms and is located within the heart of the Eskay mining district of Northwest British Columbia.

The untested keel of the E&L Intrusion coincides with the ZTEM geophysical response. The presence of rocks of the E&L intrusion with magmatic sulphide mineralization containing Ni-Cu-Co and precious metals indicates a promising new zone. The two holes provide critical data projecting new areas, to target for additional mineralization along trend of the E&L mineralized gabbro system. Most importantly, the two holes provide an excellent geophysical platform for bore-hole electro-magnetic (BHEM) surveys to test a volume coincident with the ZTEM response below the keel of the intrusion.

December 16, 2022, Garibaldi Announces Corporate Update

https://garibaldiresources.com/news/2022/garibaldi-announces-corporate-update-2022-12-16/

December 7, 2022, Garibaldi Closes First Tranche for 2023 Nickel Mountain Drilling

https://garibaldiresources.com/news/2022/garibaldi-closes-first-tranche-for-2023-nickel-mountain-drilling/

  Disclaimer

Copyright (c) 2000 - 2024 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印