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Garibaldi Resources Corp.

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

Address :  Suite 1150, 409 Granville Street
Vancouver, B.C.
Canada V6C 1T2
Tel No.: (604) 488-8851
Web Site: www.garibaldiresources.com
E-mail: info@garibaldiresources.com
Contact Person: Steve Regoci
Position: President & CEO


Company Data

Traded Market: TSX-V, OTC
Traded Symbol: GGI, GGIFF
Outstanding Shares: approx. 108 million
52 Week High: $ 3.60
52 Week Low: $ 0.95
Present Price: Click Here


Introduction

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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 Mexico and British Columbia, Canada.

Garibaldi has used cutting edge technology in Mexico in recent years to cost effectively unlock project value, build financial strength and accurately pinpoint the most prospective targets for potential new discoveries over a vast area in the deposit-rich Sierra Madre. The Company's current priorities are advancing its Rodadero Silver-Gold Project and its La Patilla Gold Property.

Meanwhile, Garibaldi is aggressively advancing its more than 200 sq. km land package in northwest B.C.'s famous Eskay Camp including the E&L Project at Nickel Mountain, the first magmatic nickel-copper-rich massive sulphide system discovered in this prolific district.


Projects in Hand

(1) Nickel Mountain Project, British Columbia

Garibaldi's 100%-owned Nickel Mountain Project is located in the heart of the Eskay Camp, the Golden Triangle's first nickel-copper-cobalt-platinum-palladium-gold-silver magmatic massive sulphide system.

E&L discovery at Nickel Mountain, 11 miles southwest of the Eskay Creek mine, features a very “pure” style of mineralization and some of the highest grades ever recorded in global magmatic sulphide deposits.

In December 2018, Garibaldi announced that the 2018 program produced 11,573 meters of drill core, more than three times 2017's meterage. To date, drilling and extensive surface work at the Nickel Mountain deposit has identified three relatively shallow zones (Discovery, Central, Northwest) including a newly identified sulphide body 30 meters above the Discovery Zone at a depth of just 80 meters. Each of the zones remains open in all directions and features top tier massive sulphide grades of an unusually pure composition according to Dr. Peter Lightfoot, Garibaldi Technical Adviser who's recognized as one of the world's leading nickel sulphide experts. Meanwhile, a combination of field work and step-out drilling over the summer and fall 2018 have confirmed that the Nickel Mountain Gabbroic Complex strikes northeast for at least 3 km and extends across strike for at least 1 km.

Steve Regoci, President and CEO, commented: "Not only have we made important progress in expanding the footprint of this nickel-copper-rich mineralization, but our geological understanding of this unique Eskay Camp system – from the configuration of the intrusion to the controls on mineralization – has advanced dramatically over last year. We'll enter 2019 with working capital of approximately $15 million which puts us in a highly favorable position to take Nickel Mountain to the next level and fully leverage this asset for shareholders."

Additional Highlights:

  • The E&L icefield retreated in unprecedented fashion in summer 2018, exposing more previously hidden outcrop than in any year since the original surface discovery in the late 1950's based on historic photos of Nickel Mountain. This led to the discovery of multiple new massive sulphide showings, particularly in the Central Zone where mineralization is trending to the north beneath the 1.6-km-long, 1-km-wide E&L ice sheet;
  • The quality of the massive sulphide mineralization at Nickel Mountain is unusually high due to well-developed granular pentlandite and minimal nickel in the pyrrhotite (<0.6 wt%);
  • Exploration drilling in the plumbing system of the E&L Intrusion has indicated important favorable geology, revealing additional new potential at depth;
  • Olivine gabbros with unusual variable textures extending to depth indicate a dynamic complex at Nickel Mountain where the root zone of the intrusion has been impacted by post-magmatic deformation processes. Geological, geochemical, structural and geophysical data collected in the 2017 and 2018 programs is being used to construct a 3D model of the mineral system which will help guide 2019 exploration.

Dr. Lightfoot commented, "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift. The project is ideally positioned to leverage the demand from dramatically declining nickel-cobalt sulphide discoveries and the resulting depletion of high quality nickel inventories required to fuel the electric vehicle battery revolution."

(2) Projects in Mexico

Through the strength of its geological team and the use of cutting-edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico with 4 robust projects:

  • 11 high-grade targets in addition to Silver Eagle identified at Rodadero Ag-Au Project through hyperspectral remote sensing data and extensive surface sampling
  • Advancing La Patilla Gold Property to extraction stage
  • Project value is being cost-effectively unlocked

Rodadero Silver-Gold Project

Rodadero, 100%-owned by Garibaldi, is an emerging new Sonora State mineral camp surrounded by active mines in all directions. Rodadero silver-gold project is located in Sonora State, Mexico.

Highlights include:

  • Silver Eagle target has a potential strike length in excess of 2 km and hosts multiple lenses with average grades of 600 g/t Ag and widths of 1-5 meters.
  • SE-14-01 shallow discovery hole intersected a 7-meter section grading 2,010 g/t Ag, including 1 meter of 7,633 g/t Ag.
  • SE-14-15, collared 150 metres north of Silver Eagle discovery hole SE-14-01, has returned a shallow exceptional intercept of 1,307 grams per tonne silver (42 ounces per ton) over 1.5 metres within a broader interval of six metres (19.8 feet) grading 346 g/t Ag (11.1 ounces per ton).
  • Company geologists and technical advisers now believe that the Silver Eagle and Reales targets along the western side of Rodadero are indeed linked as part of a north-northwest trending structural zone extending for at least 2.5 km.
  • Twelve silver-gold mineralized centres (including Silver Eagle) have so far been outlined at Rodadero over nearly 50 square kilometers.

La Patilla Gold Project

First-ever diamond drilling at the La Patilla Gold Property in Sinaloa State has returned highly encouraging gold values near-surface including an interval grading 10.4 g/t Au over 8.5 meters in LP-14. Garibaldi has received excellent metallurgical results for the La Patilla vein system with a gold recovery rate of 95 per cent from a flotation test.

La Patilla Highlights:

  • LP-14 intersected 10.4 g/t Au over 8.5 meters within a wider 30-meter interval grading 3.1 g/t Au;
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 meters of strike length to depths of approximately 50 meters;
  • Mineralization remains open in all directions, including at depth, and consists of gold bearing quartz veins and breccia bodies in an epithermal, low-sulphidation system.


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.

Rafael Hinojosa, Operations Manager and Director

Mr. Hinojosa is a corporate administrator with experience in management and development of start-up companies in Mexico, his native country. Mr. Hinojosa is responsible for overseeing all exploration activities undertaken by Garibaldi's projects in the Sierra Madre region of Mexico.

Dr. Craig Gibson, Director

Dr. Raymond Goldie, Director

Greg Burnett, Director


Advisory Board

Dr. Peter Lightfoot

Dr. Peter Megaw

Alain Charest

Dr. Hans Von Michaelis

Dr. Joseph A. Zamudio

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


News Update

On April 11, 2019, Garibaldi Resources Corp. has provided the following exploration update including final 2018 drill hole results, all from outside the Upper and Lower Discovery zones at Nickel Mountain.

  1. Three additional drill holes in the Northwest zone all intersected disseminated sulphide mineralization typical of this area, including one of the widest intervals to date -- 51.2 metres grading 0.72 per cent nickel and 0.67 per cent copper in EL-18-46. This zone has been extended farther to the south into highly prospective terrain with orbicular gabbro and massive sulphide veins toward the contact of the intrusion.
  2. The first shallow drill holes into a portion of the Crevasse showing at the northern edge of the Central zone confirmed the presence of high-grade nickel mineralization to a depth of at least 28 metres below surface. This area remains open to the east, west and at depth with drill results highlighted by 6.19 per cent nickel and 2.06 per cent copper over 4.44 metres starting from surface in EL-18-45.
  3. Limited drilling under the 1.6-kilometre-long icefield, regional surface mapping and lithogeochemistry have greatly expanded the strike length of the gabbroic rocks of the Nickel mountain complex (NMC) to 12 kilometres in a northeast direction, well beyond Anomaly A.

On January 28, 2019, Garibaldi Resources Corp. management is deeply sorrowed to inform shareholders of the sudden passing of Everett Makela, P.Geo., Director and VP Exploration-Canada, on January 24, 2019.

With over 30 years of exploration experience, mostly with global nickel giant Inco/Vale, Mr. Makela retired from Vale in 2012 as Principal Geologist-North America. He continued his passion for nickel exploration as one of the most sought-after nickel consultants in North America.

On December 6, 2018, Garibaldi Resources Corp. announced the successful completion of the first full season of drilling at the Company's 100%-owned Nickel Mountain Project in the heart of the Eskay Camp, the Golden Triangle's first nickel-copper-cobalt-platinum-palladium-gold-silver magmatic massive sulphide system.


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