Garibaldi to begin exploration at E&L, Casper

Executive Summary

• Garibaldi Resources is commencing a 2025 exploration program on its high‑grade nickel‑copper‑cobalt (E&L) and gold (Casper) properties in the Eskay claim group, following the closing of a $1.02 M private placement.
• The company highlights exceptional assay results from hole EL‑17‑14 (e.g., 8.29% Ni, 4.24% Cu, 0.19% Co, 1.96 g/t Pt, 4.47 g/t Pd, 1.13 g/t Au) and surface samples at Casper showing up to 249 g/t Au.
• A high‑resolution aeromagnetic survey will target the “O” and “F” magnetic anomalies to refine drill targets for both projects.

Key Details

• Financing: Private placement closed for $1,017,639.16; strategic investor Eric Sprott provided lead order for 50 % of the financing.
• E&L Discovery Hole EL‑17‑14:
• 8.29 % Ni, 4.24 % Cu, 0.19 % Co, 1.96 g/t Pt, 4.47 g/t Pd, 1.13 g/t Au, 11.12 g/t Ag over 16.75 m of massive sulphides.
• Broader interval: 40.4 m grading 3.9 % Ni and 2.3 % Cu.
• Casper Gold Vein: Surface sample assays up to 249 g/t Au (≈8 oz/ton).
• Geophysical Program:
• High‑resolution magnetic surveys over the “O” anomaly (≈1 km size, deep source ~1 km south of E&L) and “F” anomaly (≈500 m size, 800 m SE of E&L).
• Additional surveys to investigate sulphide‑mineralized boulder train at E&L West and gabbroic rocks on Nickel Mountain’s south flank.
• Similar high‑resolution magnetic work planned for the Casper zone to correlate gold mineralization with magnetic response.
• Data Verification: Jeremy Hanson, P.Geo., VP Exploration (Canada), qualified under NI 43‑101, has supervised and approved all data presented; no QA/QC issues identified.

Notable Quotes

“In the present climate, management's focus is on advancing the most valuable assets, E&L and Casper, with new geophysical techniques to aid drilling… With gold above $3,000, the company's significant inventory of gold prospects also offers great opportunity…” – Steve Regoci, CEO, Garibaldi Resources Corp.