Giga Metals provides Turnagain project update
Giga Metals Corp. has received a report from Dr. Stephen Beresford regarding potential high-grade mineral targets within the Turnagain ultramafic complex. The company has extensive data from 383 drill holes totaling 97,361 meters, along with geochem and geophysical surveys, yet over 80% of the complex remains unexplored. Dr. Beresford identified several target types, including a potential Volkovsky type massive copper sulfide magnetite deposit in the Attic zone and semi-massive sulfide Brecia pipes within the Attic and Bench zones. The company is currently reprocessing historical magnetic survey data to better define the intrusive geometry and plan a gravity survey.
Giga Metals Corp. ha ricevuto un rapporto dal Dr. Stephen Beresford riguardo a potenziali obiettivi minerari ad alto grado all'interno del complesso ultramafico di Turnagain. L'azienda dispone di ampie informazioni provenienti da 383 perforazioni per un totale di 97.361 metri, insieme a sondaggi geochimici e geofisici, tuttavia oltre l'80% del complesso rimane inesplorato. Il Dr. Beresford ha identificato diversi tipi di obiettivi, tra cui un potenziale deposito massivo di solfuri di rame magnetite di tipo Volkovsky nella zona Attic e tubi di Brecia semi-massicci nella zona Attic e Bench. Attualmente, l'azienda sta ri-elaborando i dati storici del sondaggio magnetico per definire meglio la geometria intrusiva e pianificare un sondaggio gravitazionale.
Giga Metals Corp. ha recibido un informe del Dr. Stephen Beresford sobre potenciales objetivos minerales de alta calidad dentro del complejo ultramáfico Turnagain. La empresa cuenta con datos extensos de 383 agujeros de perforación que totalizan 97,361 metros, junto con estudios geocientíficos y geofísicos, sin embargo, más del 80% del complejo permanece sin explorar. El Dr. Beresford identificó varios tipos de objetivos, incluyendo un posible depósito de sulfuros masivos de cobre de tipo Volkovsky en la zona Attic y tubos de Brecia semimasivos en las zonas Attic y Bench. Actualmente, la empresa está reprocesando datos históricos de estudios magnéticos para definir mejor la geometría intrusiva y planificar un estudio de gravedad.
기가 메탈스 주식회사(Giga Metals Corp.)는 스티븐 베레스포드 박사(Dr. Stephen Beresford)로부터 턴어게인(ultramafic complex) 초마그네슘 복합체 내에서 고급 광물 타겟에 관한 보고서를 받았습니다. 이 회사는 총 97,361미터를 잇는 383개의 굴착 홀로부터 방대한 데이터를 보유하고 있으며, 지구화학 및 지구물리학 조사도 진행했으나 복합체의 80% 이상은 탐사되지 않은 상태입니다. 베레스포드 박사는 애틱 구역(Attic Zone) 내에서 볼코프스키형 대규모 구리 황화물 자원과 애틱 및 벤치 구역(Attic and Bench Zones) 내에서 반대규모 황화물 브레시아 파이프(semimassive sulfide Brecia pipes) 등 여러 가지 타겟 유형을 확인했습니다. 현재 이 회사는 역사적인 자력 조사 데이터를 재처리하여 침입 기하학을 보다 잘 정의하고 중력 조사를 계획하고 있습니다.
Giga Metals Corp. a reçu un rapport du Dr. Stephen Beresford concernant des cibles minérales de haute qualité potentielles au sein du complexe ultramafique de Turnagain. L'entreprise dispose de données extensives provenant de 383 trous de forage totalisant 97 361 mètres, ainsi que d'études géochimiques et géophysiques, mais plus de 80% du complexe reste inexploré. Le Dr. Beresford a identifié plusieurs types de cibles, y compris un potentiel dépôt massif de cuivre sulfureux de type Volkovsky dans la zone Attic et des tuyaux de Brécia semi-massifs dans les zones Attic et Bench. Actuellement, l'entreprise est en train de retraiter les données historiques d'études magnétiques pour mieux définir la géométrie intrusive et planifier une étude gravitationnelle.
Giga Metals Corp. hat einen Bericht von Dr. Stephen Beresford über mögliche hochgradige Mineralziele innerhalb des Turnagain-ultramafischen Komplexes erhalten. Das Unternehmen verfügt über umfangreiche Daten aus 383 Bohrlöchern mit einer Gesamtlänge von 97.361 Metern sowie über geo-chemische und geophysikalische Erhebungen, jedoch bleibt mehr als 80% des Komplexes unerforscht. Dr. Beresford identifizierte mehrere Zieltypen, darunter ein mögliches massives Kupfersulfid-Magnetit-Vorkommen vom Volkovsky-Typ in der Attic-Zone und semi-massive Sulfid-Breccia-Pipes in den Zonen Attic und Bench. Das Unternehmen bearbeitet derzeit historische magnetische Erhebungsdaten neu, um die intrusive Geometrie besser zu definieren und eine Schwereuntersuchung zu planen.
- Identification of new high-grade mineral targets within unexplored areas
- Potential discovery of valuable copper sulfide magnetite deposits
- 80% of complex remains unexplored, indicating significant growth potential
- None.
VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corp. (TSX.V: GIGA, OTCQX: GIGGF) announced today that the company is in receipt of a report and exploration recommendations by Dr. Stephen Beresford regarding the potential for high grade mineral targets within the Turnagain ultramafic complex.
“We wanted to get fresh eyes on our data,” said Mr. Jarvis. “We have 383 drill holes totalling 97,361 meters, several geochem surveys and geophysical surveys, and other data, but more than
“My mandate was to evaluate the prospectivity of potential high grade targets within the mineralized system and to recommend an exploration program that would focus on these targets,” said Dr. Beresford. “My conclusion is that there are several target types in play. One important target is a potential Volkovsky type massive copper sulfide magnetite deposit in the Attic zone. Another target is semi massive sulfide Brecia pipes within the Attic and Bench zones, similar to Giant Mascot and Aguablanca. These and other target types should be evaluated with a gravity survey, ground based EM and drilling.”
Historical magnetic survey data is being reprocessed to better define the geometry of the intrusive and to help design a gravity survey.
About Giga Metals Corporation
Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned
Technical information in this news release has been reviewed and approved by Greg Ross, PGeo, a Qualified Person as defined by NI 43-101.
On behalf of the Board of Directors of Giga Metals Corporation
“Mark Jarvis”
MARK JARVIS,
CEO
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com
Forward Looking Statements
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the Turnagain Project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements". Such statements in this news release include, but are not limited to, statements with respect to the potential for high grade mineral targets within the Turnagain Project and any future exploration of such targets. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views made in light of management's expertise and are based on certain expectations, estimates and assumptions which may prove to be incorrect.. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the results of further exploration and risks inherent in mining. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the Company's most recent Management's Discussion & Analysis filed on the Company's profile at www.sedarplus.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8
FAQ
What new mineral targets has Giga Metals (GIGGF) identified at the Turnagain project?
How much of the Turnagain complex remains unexplored by Giga Metals (GIGGF)?
What exploration activities is Giga Metals (GIGGF) currently conducting at Turnagain?
