Movers and SHAKERS
Garibaldi Resources Corp (GGIFF)(GGI:CA)
Positive Indications from Initial SkyTEM Survey
Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company's projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
2021 exploration program. In May, Garibaldi outlined plans to expand the E&L nickel-copper-cobalt-precious-metal massive sulphide zone at Nickel Mountain, and identify new discoveries along the 15 kilometer strike-length between E&L and the nickel-copper outcrops identified at Mount Shirley in 2020. Garibaldi will also explore for Eskay Creek type gold-silver rich volcanogenic-massive-sulphide (VMS) mineralization in the Hazelton Group, which encompasses a significant portion of Garibaldi's Palm Springs claims.
Geophysical surveys. The first stage of the 2021 program includes two airborne geophysical surveys. A Z-Axis Tipper Electromagnetic (ZTEM) survey will test the depth of the battery metal-rich E&L intrusion and survey for E&L type conductors along the northeast gabbro trend to Mount Shirley and cover the Palm Springs claim to detect conductors prospective for hosting Eskay Creek style ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.