Movers and SHAKERS
Garibaldi Resources (GGIFF)(GGI:CA)
Geophysical Survey Results Underscore Nickel Mountain's Growing Resource Potential
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.
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Significant geophysical survey results. Garibaldi released results from a 2021 Z-Axis Tipper Electromagnetic (ZTEM) survey completed over the company’s 180-square kilometer Nickel Mountain – Palm Springs Project claim groups. Recall that E&L Nickel Mountain represents the first magmatic nickel-copper-cobalt-PGE-rich massive sulphide system identified in the Eskay Camp. The survey identified a large anomalous zone directly below and along trend with mineralized E&L Nickel Mountain gabbro previously confirmed by drilling. The anomaly exceeds 3 kilometers in width and plunges 2 kilometers directly below the nickel-copper-cobalt PGE bearing intrusion which hosts high grade massive sulphides. The finding potentially extends the mineralized zone which could have positive implications for resource size and project economics.
Growing property-wide exploration potential. The presence of ZTEM-identified geophysical anomalies coincident with surface mineralization and conductive targets from Versatile Time Domain Electromagnetic (VTEM) surveys provide property-wide targets for magmatic and hydrothermal base and precious metal mineralization with high discovery potential ...
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.