Intercepts Multiple Gold Bearing Veins And Silicified Units In BC
Garibaldi Resources (TSXV: GGI) has had early drilling success in the first ever testing the new Casper Quartz Gold Vein System in British Columbia.
The Casper discovery is located 12 km northwest of the company’s flagship E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain, and 14 km west of Garibaldi’s premier Eskay North gold prospect, bordering the historic Eskay Creek mine, now being redeveloped.
Garibaldi’s Eskay claim group totals over180 sq. km of highly prospective mineral claims centered in the heart of the mineral rich Eskay Camp in northwest British Columbia. The target rich claim group is surrounded by several precious and base metal discoveries at various stages of exploration by neighbouring companies. Garibaldi’s strategically important land package is favorably located along the deep seated Eskay Rift, a highly prospective mineralized structure hosting multiple deposits.
The E&L nickel-copper-cobalt project and the Casper high grade Quartz Gold vein discoveries are the first targets to emerge from the abundant mineral occurrences and outcrops sampled within the Company’s vast Eskay claim group. Casper is a grassroots discovery with no previous Minfile records. The Casper veins are at low elevation (430 meters) with road and power access less than 1 kilometer away. Highlights of the 2020 exploration season at Casper, including the first ever diamond drill holes testing the high-grade quartz veins are as follows:
2020 Casper Highlights:
- Assay results from four shallow diamond drill holes totalling 639.5m at Casper has confirmed at least three discrete mineralised quartz veins, two which contain visible gold along with a mineralised silicified volcanic unit also containing visible gold. Many additional vein splays and quartz veinlets are present in the core, all four holes intercepted gold mineralization.
- The Casper vein returned 9.1 g/t gold over 0.72m, a second vein with visible gold returned 8.2 grams gold over 0.56m. The 4.0-meter-thick mineralised silicified unit with visible gold, returned 8.89 g/t gold.
- Drilling followed up on 2020 sampling and trenching program results, successfully confirming the presence of mineralieation below surface with, multiple veins and targets remaining to be drill tested. The Casper hydrothermal system remains open with rock samples exceeding 1.0 g/t gold extending along trend for 330 meters within a 500m wide gold-in-soil anomaly.
- Previously, 18 of 21 shallow (< 2.0m depth) backpack drill holes from the Casper vein returned significant gold mineralisation, with 10 holes returning at least one 0.60m interval grading between 12.6 g/t Au and 64.6 g/t Au
- Multiple grab samples with visible gold taken from a trench on the east side of the main Casper vein returned 249.0, 92.3, 75.3 and 58.4 g/t gold.
- A Channel sampling programme collected a total of 94 in-situ quartz vein samples cut every meter along the trenched NW-SE striking Casper vein. A total of 61 Channel sample assays returned gold grades ranging from 0.676 g/t gold up to 93.29 g/t gold
- A distinct high resistivity zone lies 100m south of the vein system and may represent a broad area of prospective silicification and veining.
VP-Exploration, Jeremy Hanson, said the presence of multiple mineralised quartz veins, mineralized silicified volcanics in core, mineralised rhyolitic surface samples, and high grade in-situ vein samples indicate the potential for a significant broad scale hydrothermal gold system.
“We are very encouraged by the first ever drilling results at Casper. The abundance of hydrothermal features including multiple mineralised quartz veins and silicified volcanics, both with visible gold, is definitely exciting and indicative of a significant hydrothermal system,” Mr Hanson said.
“Our initial goal was to confirm the surface expression of the Casper vein extended to depth, which we certainly accomplished as well as intercepting a number of additional gold bearing veins and mineralized silicified units.”
CEO, Steve Regoci, said Garibaldi’s geological team considers these first Casper drill results to be extremely promising.
“Each hole intersected gold mineralisation and most importantly, the multiple styles of mineralisation with native gold in distinct geological units is a superb outcome. It bolsters our expectations indicating a widespread mobilisation of hydrothermal fluids over this broad area,” Mr Regoci said.
