Garibaldi Resources Corp. (TSX-Venture:GGI) came out Thursday with an exciting discovery.
The Vancouver-based miner announced that its continuing drill program at Nickel Mountain, combined with surface sampling of new massive sulphide outcrops exposed by melting ice and snow, has confirmed a third discovery area known as the "Central" zone in between the Northwest and Discovery zones.
The company says fresh massive sulphides revealed by a receding ice sheet reinforces the potential of the untested 1.6-km-long and 1-km-wide E&L icefield to host a major expansion of the Golden Triangle's first nickel-copper-rich sulphide system which remains open in all directions.
According to CEO Steve Regoci: "The prospect of Discovery zone-type mineralization at surface, previously hidden by the ice, and at shallow depths in drilling in the Central zone is another exciting development at Nickel Mountain.
Shares in Garibaldi hurtled higher 49 cents, or 34.8%, to $1.90, late Thursday afternoon, on volume of more than 620,000 shares.
