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Garibaldi Resources reports 30 g/t gold along strike to the south-east at Casper Gold Vein System in Golden Triangle, BC

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Garibaldi Resources (TSXV:GGI) (FSE:RQM) (OTCPink:GGIFF), an active Canadian-based junior exploration company focused on developing assets in some of the most prolific mining regions in British Columbia and Mexico, has provided results from early-stage exploratory drill holes testing multiple mineralized veins and volcanic rock units at its Casper Quartz Gold Vein System. Drill core samples from silicified volcanic rocks containing quartz-carbonate-sulfide veins at a depth of 129.5 m returned 10.15 g/t gold over 4.5 m, including 29.94 g/t gold over 1.5 m.

Additional Information:

Company: Garibaldi Resources
Website: https://garibaldiresources.com/
Stock Symbol: TSXV:GGI
Date Published: May 13, 2022
Transcript: Available

Video Transcript:

Garibaldi Resources (TSXV:GGI) (FSE:RQM) (OTCPink:GGIFF), an active Canadian-based junior exploration company focused on developing assets in some of the most prolific mining regions in British Columbia and Mexico, has provided results from early-stage exploratory drill holes testing multiple mineralized veins and volcanic rock units at its Casper Quartz Gold Vein System.

Casper is located 20 kilometres north of the company’s E&L Nickel Mountain project, with both projects located in the heart of Northwest British Columbia’s Golden Triangle.

The E&L Nickel Mountain deposit is a high-grade, nickel-copper-PGE and gold magmatic sulphide deposit with grades up to 8.29% nickel, 4.24% copper, 2.25 g/t platinum, 5.95 g/t palladium and 1.13 g/t gold.

Today’s five diamond drill holes follow-up the first four holes into the Casper Discovery reported in February.

Eight of the nine holes have intersected significant gold mineralization, with increasing gold grades towards the southeast.

Elevated gold abundances along a 260m strike length are confirmed by drilling, and the system remains open with increasing potential to the southeast.

Previously reported surface trenching has also exposed the Casper vein for over 120m strike length, and select rock samples exceeding 1.0 g/t gold occur at surface for over 330m , within a 500 m wide zone of anomalous gold concentrations in soil.

Fine grained visible gold has been intercepted in both 2021 and 2022 drilling as well as 2022 trenching.

Multiple grab samples with visible gold trenched in 2020 from the east side of the main Casper vein returned 249.0, 92.3, 75.3 and 58.4 g/t gold.

Drill core samples from silicified volcanic rocks containing quartz-carbonate-sulfide veins at a depth of 129.5 m returned 10.15 g/t gold over 4.5 m, including 29.94 g/t gold over 1.5 m.

This intercept may be continuous with the 4-meter-thick mineralized silicified unit containing visible gold intercepted in 2020, located approximately 65 m to the northwest.

Jeremy Hanson, VP Exploration, stated: "We are very encouraged by the second round of drilling results at Casper. We are still in the very early stages of this project, but we have confirmed that gold is present in both veins and the silicified host rocks. This verifies that the Casper system could be another gold rich system in the Eskay Camp."

Steve Regoci, President & CEO, added: "The Casper discovery continues to bolster our impressive Eskay area precious metal prospects. It is the first gold system discovered amongst our numerous gold showings which will be the focus of a separate exploration initiative along with Palm Springs during 2022. The high-grade Ni-Cu-PGE E&L system at Nickel Mountain is the primary focus along with numerous base metal targets identified from the results of the property wide ZTEM geophysical survey. These new base and precious metal targets will provide additional opportunities for significant discoveries in the Golden Triangle."


The shares are trading at $0.45.

For more information on this project and the company’s other projects in BC and Mexico, please visit the company’s website www.GaribaldiResources.com, contact Steve Regoci, President and CEO, at 604-488 8851 or email info@garibaldiresources.com.