Canadian Mining Journal

News

NICKEL-COPPER: Garibaldi to drill E&L project near Eskay Creek



This map of the Eskay Camp contains many past and present familiar deposits. (Credit: Garibaldi Resources)

BRITISH COLUMBIA – Vancouver-based Garibaldi Resources is preparing to drill its 100% owned E&L project, the only nick-copper-rich  massive sulphide system in the province’s Golden Triangle. The property is near Eskay Creek, best known for its high grade gold resources until it closed in 2008.

Garibaldi says the phase one diamond drilling program is fully funded and work will begin during the second half of July.

The original discovery was made nearly 50 years ago, and the company now aims to expand on that. The most promising target is anomaly D, starting at 140  metres below surface. It is interpreted as evidence for large massive sulphide zones below and east of 12 shallow historic drill holes. All the holes returned good grades of nickel and copper from a system that Garibaldi believes is open in all directions.

Assays from the 12 old holes include:

  • 8 metres grading 1.3% nickel and 0.79% copper including 2.7 metres of 5.9% nickel and 1.7% copper;
  • 7 metres of 1.2% nickel and 0.65% copper including 3.35 metres of 4.8% nickel and 1.9% copper;
  • The deepest hole (122 metres) returned massive sulphide within the final metre as well as 63.6 metres that assayed 0.47% nickel and 0.44% copper; and
  • A hole drilled to only 30.5 metres to the east of anomaly D returned 0.69% nickel and 0.48% copper over its full length.

Follow the work at www.GaribaldiResources.com.