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Be the first with the news that moves the market- Garibaldi (GGI) has shared encouraging results from the Casper Vein in the Eskay Camp in B.C.
- Standout drill core samples reach as high as 29.94 g/t gold over 1.5 m
- The company sees economic potential to expand the current gold mineralized zone
- Garibaldi is a junior exploration company focused on assets in Mexico and B.C.
- Garibaldi (GGI) is up by 10 per cent trading at $0.44 per share
Garibaldi (GGI) has shared encouraging results from the Casper Vein in the Eskay Camp in B.C.
Eight of nine holes have intersected significant gold mineralization, with increasing gold grades towards the southeast.
Drill core samples at a depth of 129.5 m returned 10.15 g/t gold over 4.5 m (CAS-21-05: 129.5-134 m), including 29.94 g/t gold over 1.5 m (CAS-21-05: 129.5-131 m).
CAS-21-05 validates that gold mineralization is associated with a broad silicified volcanic unit rather than discrete local veins.
Drilling confirmed elevated gold abundances along a 260 m strike length, including the potential for multiple sub-parallel veins of mineralization.
The development of silicified country rocks with elevated gold content, and the complex structural relationships evident from the LiDAR data, highlight the potential that the results sit on the edge of a much larger gold-bearing mineral system.
The company sees an exciting opportunity to expand the footprint of the mineral zone and identify structurally-controlled blow-outs with favourable economics.
“The Casper discovery continues to bolster our impressive Eskay area precious metal prospects,” stated Steve Regoci, Garibaldi’s CEO. “It is the first gold system discovered amongst our numerous gold showings which will be the focus of a separate exploration initiative along with Palm Springs during 2022.”
Garibaldi is a junior exploration company focused on assets in Mexico and B.C.
Garibaldi (GGI) is up by 10 per cent trading at $0.44 per share as of 10:29 am EST.
