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
Fax No.: (604) 488-8871
Web Site:
Contact Person: Steve Regoci
Position: President & CEO

Company Data

Traded Market: TSX-V, OTC
Traded Symbol: GGI, GGIFF
Outstanding Shares: approx. 80 million
52 Week High: $ 0.80
52 Week Low: $ 0.065
Present Price: Click Here








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) E&L (Ni-Cu-PGE-Au-Co) Project, British Columbia

Garibaldi controls more than 200 sq. km in prolific part of "Golden Triangle". The Company’s 63 sq. km and 100%-owned flagship E&L Project at Nickel Mountain in the heart of northwest British Columbia’s prolific Eskay Camp, located 11 miles southwest of Eskay Creek. Nickel Mountain is in the immediate vicinity of such world class discoveries as Eskay Creek, Seabridge's KSM and Pretium's Brucejack high-grade gold mine that's scheduled to begin commercial production this year.

E&L Deposit

  • The first magmatic nickel-copper-rich massive sulphide system in prolific Eskay Camp
  • Drilling takes aim at "bull’s-eye" massive sulphide target
  • Near-surface mineralized zones open in all directions
  • High nickel tenor
  • Potential multi-km-long mineralized structural corridor
  • Historical drill hole assay – 1966 DDH-4: 37.8 m @ 1.3% Ni and 0.79% Cu, including 5.95% Ni and 1.7% Cu over 2.4 m near bottom of the hole
  • Strong, broad VTEM conductor (Anomaly "D") begins at approximately 140 m depth
  • GGI channel sampling returned 12 m @ 1.6% Ni, 1.6% Cu + Pt-Pd-Au-Co values
  • Recently completed VTEM has revealed multiple conductive anomalies with reinterpretation of E&L as a much larger nickel-copper-rich system with PGEs, gold and cobalt
  • "The E&L is in the top quartile of early-stage nickel sulphide projects in the world." Dr. Peter Lightfoot, one of the world’s foremost nickel sulphide experts

A successful 2016 summer exploration program confirmed the E&L as the first magmatic nickel-copper-rich massive sulphide system in the Eskay mining camp, featuring high nickel-copper tenors as well as platinum, palladium, cobalt and gold values in a pyrrhotite-pentlandite-chalcopyrite assemblage. Garibaldi geologists are now viewing the E&L as a large-tonnage, high-grade exploration target within an intrusion defined over a length of 4 kilometers and a width of 1.5 kilometers.

Preliminary results from a 600 line kilometer VTEM survey completed in May 2017 support conclusions from reinterpreted historical data and fresh geological information collected by Garibaldi since summer 2016 that sulphide mineralization at the E&L is much more widespread than originally understood.

An extensive field program at the E&L aimed at confirming historical resources and discovering new zones of nickel-copper-rich sulphides.

E&L Project is being fast tracked by a highly experienced team of geologists and geophysicists including nickel sulphide experts Everett Makela, Dr. Raymond Goldie, Dr. Peter Lightfoot and Alan King.

(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:

  • 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 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.

Everett Makela, P.Geo., Vice President of Exploration Canada and Director

Mr. Makela has over 35 years of exploration experience. During a career with global nickel leaders Inco and Vale, he held roles of increasing responsibility. By the time he retired in 2012, he was Vale’s Principal Geologist for North America.

Dr. Craig Gibson, Director

Dr. Raymond Goldie, Director

Greg Burnett, Director

Dr. Peter Lightfoot, Advisory Board

Dr. Peter Megaw, Advisory Board

Alain Charest, Advisory Board

Dr. Hans Von Michaelis, Advisory Board

Dr. Joseph A. Zamudio, Advisory Board

C.J Greig & Associates Ltd., Geological Consultants

John Buckle, P.Geo., P.Geoph., Consultant

Please refer to Garibaldi's website for complete biographies.

News Update

On January 25, 2018, Garibaldi Resources Corp. has provided exploration update for its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek.

Drill hole EL-17-10 returning 8.3 per cent nickel, 4.1 per cent copper, 0.19 per cent cobalt, 4.3 grams per tonne palladium, 1.9 g/t platinum, 1.1 g/t gold and 10.2 g/t silver over 10.3 metres

On November 30, 2017, as a result of a review by the B.C. Securities Commission, Garibaldi Resources Corp. issued a news release to clarify the disclosure in its news release of Nov. 20, 2017.

In Garibaldi's Nov. 20, 2017, news release, the Company provided accurate assay results for the first four holes of the E&L Nickel Mountain drill program and information pertaining to a 16.7-metre nickel-copper-rich massive sulphide intercept (closely approximately true width) east of the historical E&L deposit in a new discovery zone unique to the Eskay camp.

On November 20, 2017, Garibaldi Resources Corp. announced that its latest drill hole (EL-17-14) at the Company's 100-per-cent-owned E&L project at Nickel Mountain near Eskay Creek has intersected an important new discovery zone featuring massive nickel-copper-rich sulphides east of the historic E&L deposit.

On October 31, 2017, Garibaldi Resources Corp. announced the closing of its non-brokered private placement for total gross proceeds to the Company of $10,000,000 (CDN).

On October 20, 2017, Garibaldi Resources Corp. announced that it has closed the first tranche of the Company's recently announced $10-million private placement (see Oct. 16, 2017, news release) for gross proceeds of $8-million.

Garibaldi issued 2,539,683 units at $3.15 per unit, with each unit consisting of one common share of the Company and one full share purchase warrant exercisable at a price of $4.50 per share for a period of two years.

On October 16, 2017, Garibaldi Resources Corp. announced that it has arranged a non-brokered private placement to raise gross proceeds of up to $10-million. The exclusively hard-dollar financing at $3.15 per unit is being subscribed for by strategic investors and is expected to close shortly.

On October 13 2017, Garibaldi Resources Corp. announced that a continuing drill program utilizing two rigs continues to expand northwestern British Columbia's first nickel-copper-rich sulphide system at Garibaldi Resources Corp.'s 100-per-cent-owned Nickel Mountain project near Eskay Creek.

All 11 additional holes completed since EL-17-01 (see Sept. 1, 2017, news release) have returned broad sections of disseminated to blebby net-textured sulphides (pyrrhotite-pentlandite-chalcopyrite)

On October 4, 2017, Garibaldi Resources Corp. announced that it has closed the final tranche of the Company's recently announced $6-million private placement. Gross proceeds from the final tranche total $3,497,120.

On October 2, 2017, Garibaldi Resources Corp. announced that it has confirmed closing of the first tranche of the Company's recently announced $6-million private placement. Gross proceeds from the first tranche total $2,502,970.

On September 26, 2017, Garibaldi Resources Corp. announced that the TSX Venture has accepted the revised pricing for the amended financing. Garibaldi will issue 2,622,500 non-flow-through units at 82 cents per share (gross proceeds of $2,150,450) and 4,184,000 flow-through units at 92 cents per share (gross proceeds of $3,849,280). The non-flow-through unit includes a full warrant exercisable at $1.05 for two years. The flow-through unit includes a half warrant exercisable at $1.05 for two years.

On September 1, 2017, Garibaldi Resources Corp. announced that it has intersected two long intervals of nickel-copper sulphide mineralization totalling 176 metres and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole at its 100-per-cent-owned E&L project at Nickel Mountain near Eskay Creek. Drilling of the second hole begins imminently.

On August 24, 2017, Garibaldi Resources Corp. announced that diamond drilling has commenced at the Company's 100-per-cent-owned E&L project at Nickel Mountain in the heart of the mineral-rich Eskay Camp in northwestern British Columbia. Volterra borehole EM will be performed upon the completion of the first drill hole to direct and guide diamond drill targeting.


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