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) 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.
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:
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.
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 www.garibaldiresources.com for complete biographies.
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.