TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, Feb. 10, 2017 /CNW/ - Garibaldi Resources (TSX:
GGI) (the "Company" or "Garibaldi") is pleased to provide the
following corporate update further to the latest encouraging
results from the Company's ongoing review of its 100%-owned E&L
Project. The 63 sq. km property, 11 miles southwest of Eskay Creek, features the first magmatic
nickel-copper-rich massive sulphide system in northwest
British Columbia's prolific Golden
Triangle.
Garibaldi's new team of seasoned nickel sulphide experts led by
advisory board members Everett
Makela, P.Geo., and Dr. Raymond
Goldie, in collaboration with leading industry consultants,
have assessed the available data from the historic E&L deposit
and Garibaldi's 2016 work programs. Both Mr. Makela and Dr. Goldie
have agreed to join the Company's Board of Directors.
Steve Regoci, Garibaldi President
and CEO, commented: "We're extremely pleased to welcome Mr. Makela
as our new VP of Exploration Canada and renowned nickel analyst Dr.
Goldie to our Board of Directors. Their expertise in nickel
sulphide systems, involving intimate knowledge of
nickel-copper-rich deposits around the world such as Voisey's Bay,
ensures our flagship E&L is put on a fast track for exploration
success.
"Their contributions as advisors the last few months have been
truly significant," Regoci continued. "As directors they will
assist greatly in our pursuit of a high-tonnage, high-grade
nickel-copper-platinum group element massive sulphide deposit at
the E&L while also helping us advance other key assets in B.C.
and Mexico."
To make room for two new Directors, Mr. Rafael Hinojosa has graciously stepped aside
from the Board but remains a Corporate Officer and VP of Operations
for Mexico. He will also be taking
on added responsibilities as the Company prepares for a heightened
level of activity at its gold and silver projects in Mexico.
Garibaldi eagerly anticipates releasing and presenting the
E&L 3D geologic model this month, coinciding with final
preparations to execute a major 2017 exploration and drilling
program at the E&L beginning with a heli-borne electromagnetic
survey that can detect conductive sulphide bodies up to 350 meters
depth.
E&L Fact Sheet
To view the E&L Fact sheet, please visit the company's
homepage or the following URL:
http://www.garibaldiresources.com/i/front/GGI_E-L_Project_Fact_Sheet_2017.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.