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Garibaldi Resources Expands Casper Quartz Gold Vein Over 120 Meters Selected Grab Sample with Visible Gold Returns 249 g/t
VANCOUVER, BC, Sept. 22, 2020 /CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to report on developments including new assay re
About this update from Garibaldi Resources Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 22, 2020 /CNW/ - Garibaldi Resources (TSXV: GGI) (the \"Company\" or \"Garibaldi\") is pleased to report on developments including new assay results from the \"Casper\" high-grade gold quartz vein discovery 13 km north of the Company's flagship E&L nickel-copper-cobalt massive sulphide project in NW British Columbia. In addition to E&L and Casper, Garibaldi owns a 100% interest in over 180 sq. kms of highly prospective mineral claims in the heart of the historic Eskay camp, one of the richest mineral districts in the Province. Garibaldi's Casper gold vein is a strategic low elevation target (420 meters) within a km of road access and hydroelectric power. It is located 15 km west from Garibaldi's 1,500 hectare \"Eskay North\" gold prospect which borders the historic past producing Eskay Creek mine now being redeveloped. Discovering a high-grade gold prospect proximal to the E&L project, is a tactical bonus allowing field crews to maintain productivity by accelerating surface exploration at Casper during weather delays on top of Nickel Mountain. For a summary of results from earlier backpack drilling, initial channel samples and grab samples, see Feb.28, 2020 news release announcing the discovery. Exploration progress at the Casper gold quartz vein system in 2020 are as follows: Highlights: Field crews have collected 165 samples within 250 meters north of and 250 meters south of the NW-SE striking Casper vein with grades reaching as high as 249 g/t gold, 13 returned grades exceeding 10 g/t, and 23 samples with greater than 1 g/t gold (Table 1); Mechanical trenching at the Casper gold quartz vein has further uncovered the high-grade vein over more than 120 meters, from the initial 43 meters of hand trenching exposing the discovery; The quartz vein remains open with mineralized rock samples extending along trend for 330 meters within a 500 meter gold-in-soil and MMI geochemical anomaly; Four new mineralized veins have been discovered this season most notably one 44 metres downslope from the main vein which like the Casper vein also contains visible gold and returned 76.9 g/t Au; The quartz vein sulphides include chalcopyrite, galena, pyrrhotite, pyrite and arsenopyrite with native gold. This discovery occurs along the robust and under-explored McLymont Creek structural corridor; Garibaldi has comple...