Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results
Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.
Geophysical survey results expected soon. Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.