GARIBALDI RESOURCES CORP - GGIFF STOCK NEWS

Garibaldi Resources reports significant results from its 2021 ZTEM survey at Nickel Mountain, BC, revealing a large low resistivity zone beneath the known E&L mineralization. This anomaly extends over 3 km wide and plunges 2 km deep, indicating potential for a larger mineralized system below current drill limits. The survey also identified new target locations for follow-up drilling. Garibaldi's technical team will assess additional anomalies across the property. Plans for further drilling in 2022 are underway, showcasing the company's commitment to exploring these promising targets.

Garibaldi Resources has appointed Michael Robert Myhill to its Board of Directors. Currently a Director and V.P. Finance at Eskay Mining Corp, Myhill brings significant experience, including 20 years as the President and CEO of Canadian Investors Corp. He aims to enhance shareholder value by leveraging Eskay Mining's investment and expertise in the region. The collaboration between Garibaldi and Eskay Mining has previously yielded cost savings and improved productivity. This appointment is expected to strengthen ties and operational synergies within the Eskay District.

Garibaldi Resources (TSXV: GGI, OTC: GGIFF) announced a shift in its 2021 exploration program due to inclement weather at Nickel Mountain. Drilling will now focus on the Casper quartz gold vein target, part of the Eskay Claim Group in Northwest British Columbia. Preliminary results from a recent Geotech ZTEM survey suggest the presence of deeper conductive anomalies, with multiple drill-ready targets identified. Past drilling at Casper revealed gold mineralization. The company aims to analyze the survey data and explore high-priority targets soon, emphasizing the potential for significant mineral discoveries.

Garibaldi Resources Corp. (TSXV: GGI, OTC: GGIFF) announced on October 12, 2021, the completion of a mining disclosure review initiated by the Corporate Finance Department of the BCSC. The review focuses on the Company's compliance with NI 43-101 standards. A key issue identified was the qualification of its Qualified Person, Mr. Jeremy Hanson, who lacks the required five years of experience. To address this, Mr. James M. Hutter, a qualified professional with 29 years of experience, was engaged to review and approve previous disclosures. Garibaldi emphasizes their commitment to high standards of disclosure.

Garibaldi Resources has expanded its Otter Creek lode gold claims to a total of 8,704 hectares in the Atlin Gold fields, British Columbia. This region is historically rich in placer gold mining. The company's acquisition supports new gold discoveries, confirming that Atlin's gold placers are sourced from nearby high-grade veins. With a comprehensive database and planned drill targets, the Otter Creek project is now a priority for exploration, alongside other significant projects in the region. CEO Steve Regoci highlighted the success of Garibaldi's strategic acquisitions in mineral-rich districts.

Garibaldi Resources (TSXV: GGI, OTC: GGIFF) has mobilized exploration teams to its camp on Eskay Creek road, focusing on its E&L nickel-copper-cobalt project. Geophysical surveys using ZTEM and SkyTEM technology are underway to enhance exploration capabilities. The company aims to drill and extend the mineralized gabbro at E&L while also exploring several VMS gold targets, including Casper, Palm Springs, and Triple Faults. The Eskay claim group, comprising 180 sq. km, is strategically located within a high-value mineral-rich area, emphasizing the demand for battery metals and precious metals amidst rising inflation.

Garibaldi Resources (TSXV: GGI, OTC: GGIFF) announced its exploration plans for 2021, focusing on expanding the nickel-copper-cobalt sulphide zone at Nickel Mountain and seeking new gold-silver VMS mineralization in the Hazelton Group. The company will conduct two airborne geophysical surveys to identify conductive targets and mineral potential, particularly in the Palm Springs claims. The collaborative approach with neighboring companies aims to enhance exploration efficiency. The VP Exploration highlighted the abundance of mineralized surface showings, indicating significant discovery potential.