TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, March 10, 2017 /CNW/ - Garibaldi Resources (TSX:
GGI) (the "Company" or "Garibaldi") is pleased to announce that
internationally renowned nickel expert Dr. Peter Lightfoot has joined the Company's
Advisory Board as Garibaldi moves aggressively to unlock the
potential of the first magmatic nickel-copper-rich massive sulphide
system in the heart of British
Columbia's prolific Eskay mining camp.
Dr. Lightfoot, who in the summer of 2016 published the first
comprehensive textbook on the ore deposits of the Sudbury Igneous
Complex, enjoyed a distinguished 20-year career as a geologist with
Inco and Vale beginning in 1996. He was initially responsible
for exploration at Voisey's Bay before being appointed Chief
Geologist responsible for technical aspects of exploration programs
at Voisey's Bay, Sudbury and
Thompson.
Dr. Lightfoot commented: "The opportunity at E&L
comprises mineralization with unusually high nickel tenor of the
sulphide and value-added copper in a mafic intrusion that has seen
minimal previous exploration. The combination of structural
geology, petrology and geochemistry offer a pathway to focus the
nickel-copper exploration effort. It's a pleasure to join the
team at Garibaldi, and I look forward to helping advance this
exciting project."
Steve Regoci, Garibaldi President
and CEO, stated: "We are delighted to have Dr. Lightfoot join
our Advisory Board. His expertise will provide highly valued
input as we aim to uncover a much larger and even richer deposit at
the E&L. His addition underscores our extraordinary team of
nickel sulphide specialists led by our new directors, Everett Makela, P.Geo., VP Exploration Canada,
and Dr. Raymond Goldie. We
continue to consult with industry leaders as we progress with
geophysical surveys in advance of a planned 2017 drill program for
what we believe is the most compelling project of its kind in
Canada right now."
Dr. Lightfoot - Additional Background
Dr. Lightfoot received his B.A. in Earth Sciences from Oxford in
1980, his M.Sc. degree from the University of
Toronto in 1982, and his Ph.D from the Open University
(U.K.) in 1985. Following post-doctoral studies at the University of Toronto, he began a 10-year career
with the Ontario Geological Survey in 1987 and worked extensively
on the geology and geochemistry of Sudbury and Noril'sk before joining Inco in
1986.
At the beginning of 2017, Dr. Lightfoot was appointed as the
Hutchinson Visiting Industry Professor at the University of Western
Ontario. He is now an independent consultant to the minerals
industry. His company, Lightfoot Geoscience Inc., provides
consulting services to companies exploring for and developing
nickel-copper-cobalt-platinum group element sulphide and laterite
ore deposits.
E&L Geologic Model
Further to Garibaldi's February 28,
2017 news release, to view the first images of the E&L
geologic model please visit the E&L section at the Company's
website or the following URL's:
http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig1_NiMtn_withGeophys_andInset.pdf
http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig2_Geophys.pdf
http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig3_Q.pdf
E&L Fact Sheet
To view the latest E&L Fact Sheet, please visit the
Garibaldi homepage or the following URL:
http://www.garibaldiresources.com/i/pdf/GGI_EL_Project_Fact_Sheet_2017.pdf
Garibaldi's Eskay Camp Holdings Exceed 200 Sq. Km (E&L,
PSP, King)
Garibaldi's 100%-owned E&L Project anchors a series of
highly prospective targets within the Company's expanded holdings
of just over 200 sq. km covering three projects in the heart of the
Eskay Camp. The zinc-rich Brass
Hill target (see October 28,
2016 news release) approximately 2.7 kilometers northeast of
the E&L deposit at E&L East is one of a number of sulphide
and precious metal occurrences that were sampled last summer.
Updates on the PSP, adjacent and contiguous to Eskay Creek, and the King will be provided
soon.
Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes certain
"forward-looking statements" which do not comprise historical
facts. Forward-looking statements include estimates and statements
that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management's expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information
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.