TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Nov. 30, 2016 /CNW/ - Garibaldi Resources Corp.
(TSX; GGI) (the ''Company" or "Garibaldi") is pleased to announce
the appointment of two nickel industry specialists to its Advisory
Board to spearhead strategic plans for immediate further
advancement of the Company's 63 sq. km and 100%-owned E&L
Project, featuring a Ni-Cu-rich deposit and the associated broad,
untested "Q" magnetic anomaly with a conduit-shaped
"keel".
The E&L represents the first magmatic Ni-Cu-PGE-Au-Co system
in northwest B.C.'s prolific Eskay
Camp. It is situated 11 miles southwest of the past
producing Eskay mine and 20 miles west of Pretium Resources'
high-grade Brucejack gold mine, slated for production in the second
half of 2017.
Steve Regoci, President and CEO
of Garibaldi, commented: "The E&L is already attracting
attention among a growing number of prominent industry
professionals after key tests of Ni-Cu tenor in sulphides sampled
at the deposit resulted in comparisons to some of the most notable
and robust Ni-Cu sulphide deposits found in Canada. Today's
appointments demonstrate the recognition of new opportunities for
discovery at the E&L by industry experts who understand the
deposit's potential significance for our company's
shareholders."
Garibaldi welcomes both Mr. Everett
Makela and Dr. Raymond Goldie
to its Advisory Board. Their renowned expertise in the nickel
industry will lay the foundation for a systematic and aggressive
exploration and development program of tasks, objectives and
milestones at the E&L, aimed at expanding the size of the
existing deposit that has not been delimited in any direction
including at depth.
Everett Makela, P.
Geo.
Mr. Makela brings over 30 years of exploration experience to the
new Garibaldi nickel team. During a career with global nickel
leaders Inco and Vale, he held roles of increasing responsibility
in settings ranging from grassroots evaluations to near-mine
resource definition. He retired from Vale as Principal Geologist,
North America in 2012. The
knowledge and expertise gained while working with global leaders in
nickel production makes him an ideal leader for the role of Special
Advisor to Garibaldi's exploration and development initiatives at
the E&L. Mr. Makela holds an H.B.Sc. in geology from
Laurentian University and is a member
of APGO, PEGNL, PDAC and SEG.
Mr. Makela commented, "The E&L Project is a remarkable
opportunity for discovery. It has all the right geological
characteristics, including sulphide tenors that indicate potential
for the existence of a high-value massive sulphide deposit, and
remains untested by modern exploration methods. Full marks to the
Garibaldi team for its early success with this very compelling
asset. I'm excited to be part of this going forward."
Dr. Raymond Goldie
Dr. Goldie is a widely-recognized mining analyst with extensive
experience in economic geology, especially in the nickel industry.
He holds a B.Sc. in Geology from Victoria
University of Wellington, a
M. Sc. in Geology from McGill
University, and a Ph.D. from Queen's University. He also
holds a Diploma in Business Administration from the University of Toronto.
Dr. Goldie is the author of "Inco Comes To Labrador", a book
that recounts his involvement with the Voisey's Bay
nickel-copper-cobalt sulphide deposits, one of the world's greatest
nickel discoveries. Most recently, Dr. Goldie was Vice President -
Mineral Economics & Senior Analyst with Salman Partners Inc.
He's also a keynote speaker at mining conferences and a periodic
guest on the Business News Network (BNN).
Dr. Goldie commented, "The Eskay Creek area of British Columbia reminds me of the Abitibi
Belt of Quebec and Ontario in the early 20th century. In 1903,
prospectors discovered silver south of the Abitibi Belt, and the
infrastructure that was built as a result of the development of
silver mines led to the discoveries and development of fabulous
deposits of base metals and gold throughout the Abitibi Belt
itself.
"In 1988, the discovery of one of the world's richest gold and
silver deposits opened up the Eskay Creek region. Now there is
Brucejack, KSM and earlier stage emerging deposits. I look forward
to being involved with the exploration of the E&L deposit which
has the potential to become a significant producer of nickel and
other
metals."
Garibaldi's new nickel team will immediately focus on the most
technologically advanced and cost effective tests to expand the
parameters of the known deposit (MINFILE 104B 006). The
E&L's full potential will be unlocked through the design and
implementation of the best geological and geophysics exploration
protocol possible.
The "Q" Map
Please visit GaribaldiResources.com or the following URL for a
map showing the E&L deposit and the "Q" magnetic anomaly to the
south.
http://www.garibaldiresources.com/i/maps/The-Q-at-EL_Ni-Cu-Au_Deposit_Map.pdf
About Garibaldi
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 Mexico and British
Columbia.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this release.
SOURCE Garibaldi Resources Corp.