Business
Garibaldi Resources Clarifies Disclosure of November 20th Press Release
VANCOUVER, Nov. 29, 2017 /CNW/ - As a result of a review by the British Columbia Securities Commission, Garibaldi Resources (TSX.V: GGI) (the "Company" or "Gari
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"VANCOUVER, Nov. 29, 2017 /CNW/ - As a result of a review by the British Columbia Securities Commission, Garibaldi Resources (TSX.V: GGI) (the \"Company\" or \"Garibaldi\") is issuing the following news release to clarify the disclosure in its news release of November 20, 2017. In Garibaldi's November 20, 2017, news release, the Company provided accurate assay results for the first four holes of the E&L Nickel Mountain drill program and information pertaining to a 16.7-meter nickel-copper-rich massive sulphide intercept (closely approximately true width) east of the historic E&L deposit in a new discovery zone unique to the Eskay Camp. A map showing cross sections for those holes has already been posted to the home page of the Garibaldi web site (Click Here). Below are tables for drill hole coordinates as well as significant intervals that were reported November 20. Garibaldi eagerly anticipates providing another update on the E&L Nickel Mountain program within the next several days. Table 1: Drill hole co-ordinates for holes 1 to 4 and 14 (as per Nov. 20 NR) Hole Zone Easting* Northing* Elevation (mASL) Azimuth Dip Length (m) EL-17-01 Central 396103 6271502 1892 109 -80 441 EL-17-02 Central 396103 6271502 1892 92 -60 429 EL-17-03 Northwest 396119 6271498 1887 267 -70 252 EL-17-04 Discovery 396103 6271502 1892 111 -46 345 EL-17-14 Discovery 396292 6271502 1846 257 -47.5 252 *UTM Zone 9N WGS 1984 Table 2: Composite grade intervals of Ni+Cu >1% - holes 1 to 4 (as per Nov. 20 NR) Hole # Interval width (from - to) Ni % Cu % Co % Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) *Ni+Cu (%) EL-17-01 over 60.5m (51.0 - 111.5m) 0.54 0.53 0.016 0.217 0.343 0.201 2.6 1.07 Including over 1.0m (102.0 - 103.0m) 1.37 2.13 0.033 1.048 1.345 1.087 9.6 3.50 EL-17-01 over 5.23m (118 - 123.23m) 0.51 0.63 0.016 0.274 0.515 0.277 4.0 1.14 EL-17-01 over 9.68m (129 - 138.68m) 0.72 0.62 0.022 0.188 0.290 0.142 3.2 1.34 EL-17-01 over 4.5m (279.5 - 284.0m) 0.29 0.80 0.012 0.603 1.261 0.602 6.3 1.10 EL-17-02 over 7.5m (117.0 - 124.5m) 0.57 0.52 0.019 0.158 0.282 0.100 3.4 1.08 EL-17-02 over 6.0m (136.5 - 142.5m) 0.37 0.74 0.014 0.483 0.602 0.470 4.6 1.12 EL-17-02 over 3.0m (150.0 - 153.0m) 0.54 0.56 0.023 0.240 0.750 0.251 2.5 1.10 EL-17-02 over 24.0m (171.0 - 195.0m) 0.56 0.65 0.0...