BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

GGI Hits More 7% Nickel At Nickel Mountain - BullMarketRun.com

December 6, 2017

GGI Hits More 7% Nickel At Nickel Mountain

5:00 am Pacific

BullMarketRun.com

Nickel Mountain, in the heart of a high-grade producing Gold Camp just 11 miles southwest of one of the great ore discoveries of all time at Eskay Creek, has delivered more world class Nickel sulphide intervals with Garibaldi Resources (GGI, TSX-V) announcing this morning that drill hole EL-1709 has intersected 12 m of 6.2% Nickel and 2.9% Copper, plus value added PGE’s, Cobalt, Gold and Silver, expanding a massive sulphide discovery zone east of the historic E&L deposit (includes 9.9 m @ 7.3% Ni and 3.3% Cu).

At a slightly shallower level in EL-1709 is another zone of Nickel and Copper, 32.5 m grading 0.91% Ni and 0.69% Cu, begging the question:  If EL-1709 doesn’t qualify as a “Discovery Hole”, along with EL-1704 reported earlier (7.2% Nickel and 3.4% Copper over 4.8 m within a broader interval of 48.2 m highlighted by 1.1% Nickel), then what may exist within EL-1714 which is being labelled by Garibaldi as its “Discovery Hole” at Nickel Mountain with assays pending?

Dr. Peter C. Lightfoot

Dr. Peter Lightfoot, one of the world’s foremost Nickel sulphide experts and a technical adviser to Garibaldi, had this to say about the latest massive sulphide intersection:

“The unusually high grades in massive magmatic sulphides at Nickel Mountain are indicative of an open system magmatic event within the Eskay Rift collisional setting, an ideal structural environment for a unique discovery such as this.” 

Lightfoot, the lead speaker at a 9-day course beginning later this week covering major Canadian Nickel deposits, is a conservative geologist.  For him to use the word “unusual” is, in itself, unusual.  Months ago, based on an accumulation of geological and geophysical data he had carefully analyzed, he predicted the strong possibility of a game-changing Nickel sulphide discovery in the heart of the Eskay Camp and he has been proven correct.  He also now believes that other discoveries will be made along the newly-defined Nickel Corridor, much of which is controlled by Garibaldi though Metallis Resources (MTS, TSX-V) is also an important player.

Four other highlights from this morning’s news expand the scale of what’s emerging at Nickel Mountain:

1. Four holes drilled to the west have intersected thick intervals (approximately 40 m each) of Nickel-Copper-rich mineralization, building on the historic zone originally discovered in limited drilling by Silver Standard in the 1960’s, including 39.3 m grading 1.27% Ni and 0.81% Cu in EL-1708 starting from a shallow depth of just 25.7 m;

2. Massive sulphides are increasingly being intersected in the historic area including 5.85 m grading 5.1% Ni and 2.0% Cu;

3. Additional analysis of geophysical data has expanded the number of high-quality VTEM conductors trending north-northeast of the new discovery zone along a minimum 6-km Nickel Mountain trend leading to Anomaly “A”;

4. Potentially significant unexplained anomalies in borehole electromagnetic (BHEM) data for the northwest zone are being thoroughly investigated by the Garibaldi geophysics team led by renowned expert Alan King.

Speaking of King, who’s regarded as one of the world’s top geophysicists, one of his slides from a major 2013 paper on geophysical attributes of magmatic sulphide deposits reminded everyone how Voisey’s Bay was once thought to have the “wrong geology” (northwest B.C. wasn’t on Inco’s radar screen, either).

To read the rest of this morning’s special report, sign up NOW or login as a current subscriber with your username and password.

9 Comments

  1. When will Ggi introduce itself on BNN?

    Comment by donald — December 6, 2017 @ 5:03 am

  2. Please comment on COR.

    Comment by GoldenFalcons — December 6, 2017 @ 5:53 am

  3. Nice recap Jon – thx:) the intercept lengths are still pretty small arent they for a world class deposit???? the motherlode is still to be found I surmise….

    Comment by Jeremy — December 6, 2017 @ 6:01 am

  4. GoldenFalcons, news this morning from COR shows things are progressing very well with drills continuing to turn; excellent opportunity in the Copper space going into 2018. Project has a lot going for it on multiple levels.

    Comment by Jon - BMR — December 6, 2017 @ 6:04 am

  5. Jeremy, GGI is hitting thick intervals of exceptionally high-grade Nickel-Copper massive sulphides…12 m in hole 9 at over 6% Ni and almost 3% Cu, and above that a 32-m zone of almost 1% Ni and 0.70 Cu…40-meter intersections to the west in the historic zone…hole 14 was 16.75 m of massive sulphides (what else on either side of that?)…so these are NOT small intercepts, and in the massive sulphides the grades are absolutely world class…Lightfoot already said it’s rare to even find a 4.8-m interval of better than 7% Ni in an established Nickel camp – top few percent of global intervals, he said…the massive sulphide intervals keep getting wider, even in the historic zone…when they hit the motherlode, wow, there will be nothing like it…

    Comment by Jon - BMR — December 6, 2017 @ 6:10 am

  6. Great deal on IMR right now. In the zone .09-.12. Great time to buy before lift off!

    Comment by Gregory — December 6, 2017 @ 6:53 am

  7. GGI – Jon, I see the same as you. This is evolving into a world class discovery and they have only scratched the surface. Great release this morning.

    Comment by Dan1 — December 6, 2017 @ 7:03 am

  8. Jon thank you for the reply.Much appreciated.

    Comment by GoldenFalcons — December 6, 2017 @ 7:11 am

  9. E&L gallery to be updated starting tomorrow, looking great Jon…

    Comment by Laddy — December 6, 2017 @ 8:14 am

Sorry, the comment form is closed at this time.

  • All Posts: