TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, April 28, 2017 /CNW/ - Garibaldi Resources
(TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report
that final staging by technical crews from Geotech of Aurora, Ontario, is under way for the
first-ever helicopter-borne Versatile Time-Domain Electromagnetic
(VTEM) and magnetics survey over the company's flagship E&L
massive sulphide nickel-copper-cobalt deposit in the heart of the
prolific Eskay Camp in northwest
British
Columbia.
The modern VTEM method is ideally suited for locating the
discrete conductive anomalies associated with nickel sulphide
deposits, with a maximum depth of detection of approximately 300
meters plus range. Previous less advanced airborne EM surveys at
E&L in the 1990's had a maximum depth of detection of
approximately 75 meters.
The VTEM survey is on schedule and the Company expects to have
interpretations completed and initial drill targets selected by the
end of May. A Notice of Work application, filed with the
government in February, proposes 5,000 meters of diamond drilling
as part of Phase 1 exploration during 2017.
Steve Regoci, Garibaldi President
and CEO, commented: "Garibaldi's nickel team is eagerly
anticipating the completion and interpretation of the VTEM survey.
Having the ability to compare signatures from the known sulphide
zones to the "Q" anomaly and other areas around the deposit that
were overlooked historically will be invaluable. The VTEM
data will provide the final pieces to our puzzle by connecting
modern geophysics with the associated geological evidence collected
since last summer, which strongly indicates the potential for an
important new discovery at Nickel Mountain."
In addition, Garibaldi is pleased to announce that it has
executed a communications agreement with the Tahltan Central
Government to ensure a mutually beneficial long-term dialogue
committed to co-operating with local communities with regard to
collaborative resource
development.
E&L Fact Sheet
To view an updated E&L Fact Sheet, please visit the
company's homepage or the following URL:
http://www.garibaldiresources.com/i/pdf/GGI_EL_Project_Fact_Sheet_2017.pdf
E&L Geologic Model
To view the E&L geologic model, and a comparative of nickel
tenors, please visit the company's homepage or the following
URL:
http://www.garibaldiresources.com/i/pdf/GGI-E-and-L-Tenor-Comparative.pdf
Qualified Person
Mr. Everett Makela, P.Geo., a
Qualified Person as defined by NI 43-101, has reviewed and approved
the scientific and technical disclosure in this news release.
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.