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Garibaldi discovers "Ultra 1 Zone" with high-grade mineralization at Grizzly Central
Garibaldi discovers "Ultra 1 Zone" with high-grade mineralization at Grizzly Central ...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n\n\n\nGaribaldi discovers \"Ultra 1 Zone\" with high-grade mineralization at Grizzly Central\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGaribaldi discovers \"Ultra 1 Zone\" with high-grade mineralization at Grizzly Central\nCanada NewsWire\nVANCOUVER, Feb. 11, 2016\n\n\n\nTSXV: GGIOTC: GGIFFFrankfurt: RQM\n\n\n\nVANCOUVER, Feb. 11, 2016 /CNW/ - Garibaldi Resources Corp. (TSX.V: GGI) (the \"Company\" or \"Garibaldi\") is pleased to report that initial assay results from the first five holes ever drilled by the Company at its 300 sq. km, 100%-owned Grizzly Project have revealed unique Sheslay district mineral discoveries along a 1.2-km wide portion of Grizzly Central including a potential large-scale deposit in a \"Kaketsa multi-element ultramafic\". The fertile Kaketsa pluton towers approximately 2.5 km west of the \"Ultra 1 Zone\" defined by three of the holes. \n\nA fully winterized camp allows for the immediate continuation of Garibaldi's program while the discovery of the Ultra 1 Zone supports the theory that a series of \"masked\" deposits may exist at Grizzly Central which is almost entirely overburden-covered. Garibaldi is the Sheslay district's dominant landholder with seven regional target areas adjacent to Cu-Au porphyry deposits on two other properties, 120 km west of the Red Chris mine. \n\nUltra 1 Zone\n\nWidely-spaced drill holes GC-15-01, GC-15-03 and GC-15-04 in the Grizzly Central Ultra 1 Zone intersected a very thick, homogeneous ultramafic \"black unit\", including a 206-m section in GC-15-03, consisting of high-grade magnesium (grades ranging between 21.7% and 23.5% Mg) and elevated nickel (ranging between 0.11% and 0.15% Ni). This structure is preceded by consistent, highly elevated scandium at the top of each hole including 54 meters grading 34 g/t in GC-15-03. \n\nAll three holes bottomed in the strongly magnetic, fine-grained and intensely altered black unit. Notably, nickel appears to be associated with sulfides as indicated by a preliminary nickel weak acid leach extraction test carried out by Bureau Veritas. Ongoing metallurgical tes...