Garibaldi Resources Corp.
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.
(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."
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:
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.
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:
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
Dr. Peter Lightfoot
Dr. Peter Megaw
Dr. Hans Von Michaelis
Dr. Joseph A. Zamudio
Please refer to Garibaldi's website www.garibaldiresources.com for complete biographies.
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.
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.