Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Garibaldi Resources drilled into a few new near-surface massive sulphides at Nickel Mountain in British Columbia, producing 7.2pc nickel and 3.6pc copper gradings.


Those discoveries are near other areas where 2.7pc nickel and 1.6pc copper gradings have been found.


The new hole cut 5.97 meters of 4.3pc nickel and 2.3pc copper gradings as well, Garibaldi said in a news release. 


Three meters above the sulphide interval and lower discovery zone (LDZ) is a high-grade 38cm vein containing 6.5pc nickel and 4.8pc copper gradings. 


A separate drill hole with a 110 meter hole cut nearly 43.61 meters found gradings of 1.6pc nickel and 1.3pc copper, in addition to cutting 6.11 meters with 7.5pc nickel grading and 3.5pc copper grading.


A third drill hole cut 58.92 meters on the LDZ’s northwest and found 1.1pc nickel grading and 1.2pc copper grading. Geologists noted the northern part of the LDZ has the potential for more impressive grades.


On the southern part of the LDZ, there was a 5.42 meter sulphide cut with 7.7pc nickel grading and 3.8pc copper grading.


Since its establishment in 2017, 84 holes have been drilled at Nickel Mountain.

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