Junior Mining Network
  • Dashboard
  • Newsroom
  • Featured Miners
  • Investor Clips
  • Heat Map
  • Market Data
  • Mining Topics
  • Watch List
Junior Mining Network
Kerr Mines

Garibaldi Resources Accelerates Buyout of Strategic Claims at Nickel Mountain

  • Nickel
  • Golden Triangle

TSX VENTURE: GGI
www.garibaldiresources.com

Mr. Steve Regoci reports:

VANCOUVER, Sept. 14, 2018 /CNW/ - Garibaldi Resources (TSXV: GGI; OTC: GGIFF) is pleased to announce that with three drill rigs currently building out the Nickel Mountain magmatic nickel-copper-rich sulphide discovery in the heart of Northwest B.C.'s Eskay Camp, Company directors have approved an accelerated buyout for a 100% interest in 766 strategic hectares subject to a 2% NSR royalty (refer to June 15, 2016, news release). No NSR royalty is applicable to the balance of the Nickel Mountain Project (an additional 5,534 hectares) covering a multi-kilometer-long prospective nickel sulphide trend and owned 100% by Garibaldi.

Garibaldi has issued a notice to the underlying vendor of the 766 hectares ("E&L" claims) that it will immediately exercise its option for a 100% interest by paying a balance of $60,000 CDN and issuing 550,000 shares of the Company's common stock.

Meanwhile, Garibaldi eagerly anticipates providing shareholders with an exploration update including initial assay results from the ongoing 2018 program during the week of September 17.

Eskay Camp Area Map

To view the location of the E&L Nickel Mountain Project, Garibaldi's other large landholdings in the Eskay Camp, and properties of all other companies in this prolific district, please visit GGI's web site or the following URL: Click Here

GaribaldiResources9142018

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

GARIBALDI RESOURCES CORP

Per: "Steve Regoci"
Steve Regoci,
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

MORE MINING NEWS

Hudbay Minerals Announces Fourth Quarter and Full Year 2018 Results and Provides 2019 Guidance
Sandstorm Gold Royalties Announces Record 2018 Annual Results
Osisko Mining Releases Mineral Resource Estimate for Garrison Gold Deposit
OceanaGold Reports Full Year 2018 Financials
Nighthawk makes additional high-grade discoveries within its 100% owned Indin Lake Gold Property
First Mining Gold Reports Potential for Significant Increase in Recoveries at Springpole Gold Project
Newmont Mining Announces Canadian Competition Bureau Clearance for Combination with Goldcorp
Barrick Gold Confirms Continuing Commitment to PNG Government and Porgera Community
Pretivm Reports 2018 Results and 2019 Outlook
Agnico Eagle Mines Reports Fourth Quarter and Full Year 2018 Results - Three-Year Guidance Outlines Growing Production with Stable to Declining Unit Costs; Meliadine Mill Commissioning Underway with Project Ahead of Schedule and Under Budget
First Quantum Minerals Reports Fourth Quarter and Full Year 2018 Results
Lundin Mining Fourth Quarter and Full Year Results

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Garibaldi Resources

ADD TO WATCH LIST
Last Trade: C$1.33
Daily Change: 0.21 18.75
Daily Volume: 393,592
Market Cap: C$133.450M
January 28, 2019
Garibaldi Resources Will Miss a True Leader
December 06, 2018
Garibaldi Resources Broadens Nickel Mountain System
October 31, 2018
Garibaldi Resources drills into nickel-copper rich massive sulphides northwest and southeast of Discovery Zone
October 25, 2018
Garibaldi Resources Expands on Nickel Mountain Central Zone Data
October 18, 2018
Garibaldi Resources Drills Into New Zone At Nickel Mountain
September 24, 2018
Massive Sulphides Mount Up at Garibaldi's Nickel Mountain
June 08, 2018
Garibaldi Resources Targets New Massive Sulphide Zones at Nickel Mountain as 2018 Drill Program Begins
May 18, 2018
Garibaldi Resources Gears Up for Drilling at Nickel Mountain
May 07, 2018
Eric Sprott Announces Investment in Garibaldi Resources
May 07, 2018
Garibaldi Resources Closes $13 Million Financing
April 17, 2018
Garibaldi Resources Arranges $10 Million Financing
April 05, 2018
Eric Sprott Announces Investment in Garibaldi Resources
LOAD MORE NEWS
LOAD MORE NEWS

Pacific Empire Minerals

Pacific Empire Minerals

Pacific Empire Minerals is focused on exploring gold-rich copper prospects in British Columbia utilizing the prospect generator business model. The Company identifies early-stage exploration opportunities and advances the projects with the Company’s own reverse circulation drill, allowing for minimal costs while advancing the projects to a stage beyond that of traditional prospect generators. The Company’s strong portfolio of assets is a result of continuous generative work conducted since... VIEW PROFILE

© 2019 Junior Mining Network. All Rights Reserved.

  • Privacy Policy
  • Disclaimer
  • RSS
  • Contact