Garibaldi Resources (Garibaldi) has found its highest copper and precious metals grades to date at its Nickel Mountain Project in Northwest British Columbia.
Drill hole EL-19-71 cut 7.94pc nickel, 5.85pc copper, and 0.16pc cobalt. However, a grading of 5.25pc for nickel and 3.2pc for copper were the highlights of this find. They were discovered in the upper section of the Lower Discovery Zone (LDZ), a 142.5-157.5 meter hole that cut massive sulphides.
Drill hole El-19-65 revealed the possibility of a distal mineralized zone rich in copper and precious metals, including 7.92pc copper and 1.49pc nickel. Moreover, the drill hole established the presence of nickel-rich enlarged sulphides 50 meters below the LDZ.
The results from drill hole El-19-64 indicate the widest mineralized intercept since the project began, with nickel grading of 0.56pc and copper grading of 0.51pc. Additionally, El-19-64 is the third drill hole to reach a chamber that is 170 meters underneath the DLZ that Garibaldi considers highly prospective for very concentrated, large sulphides with high nickel-copper tenor.
According to Jeremy Hanson, Garibaldi’s vice president of exploration, the results don’t leave any doubt that Nickel Mountain is replete with high levels of nickel-copper mineralization.