Vancouver, British Columbia, December 8, 2017 - Garibaldi Resources (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce that assays for Discovery Hole 14 at Nickel Mountain near Eskay Creek have returned a 40.4-meter mineralized zone featuring a massive sulphide intersection with rich grades of nickel and copper over 16.75 meters.
Highlights:
• Discovery Hole 14 (EL-17-14), collared 200 meters east of the historic E&L deposit (“Discovery Zone”) and drilled toward the west-southwest, has cut 8.3% nickel and 4.2% copper over 16.75 meters within a broader 40.4-meter section grading 3.9% nickel and 2.3% copper from 100.4 to 140.8 meters (approximate true width);
• The 16.75-meter massive sulphide intercept also included 6.4 g/t combined platinum-palladium, 0.19% cobalt, 1.1 g/t gold and 11.1 g/t silver;
• Drill data to date indicates a sequence of widening intercepts and increasing grades toward the Discovery Zone to the east which remains open for expansion in all directions including at depth.
Massive sulphide mineralization in EL-17-14 has a characteristic Nickel Mountain “leopard print texture” featuring loop-textured chalcopyrite and pentlandite surrounding 1 to 10 cm diameter variably elongated crystals of pyrrhotite.
Dr. Peter Lightfoot, one of the world’s top nickel sulphide experts and a technical advisor to Garibaldi, commented: “In the context of Sudbury contact type mineralization, there are very few zones within the mined or historic deposits that approach the values encountered in the massive sulphides of EL-17-14. Based on those comparisons and others, data for EL-17-14 point to a discovery of outstanding quality with a very pure style of sulphide mineralization that has optimal process technology characteristics.”