GGI.v gets coverage here...hsb
Game On At The Grizzly & Throughout The Sheslay Valley
Garibaldi Resources Corp. (GGI, TSX-V) is going after the Grizzly, launching a major exploration program – parts of which are commencing shortly – including detailed mapping, geochemistry, IP surveys and first-ever diamond drilling…GGI also reported late yesterday, following the market close, that it has broadened the corridor of mineralization in the Sheslay Valley through sampling in the West Kaketsa area, a few km south of the Grizzly West porphyry target and 3 km west-southwest of Prosper Gold Corp.’s (PGX, TSX-V) Pyrrhotite Creek prospect…West Kaketsa has never been drilled, and one of the last of just nine holes ever drilled at Pyrrhotite Creek 42 years ago returned 0.32% Cu from surface to 490 feet (never assayed for Gold)…mineralization at West Kaketsa appears to be related to a fault that extends from that target right through to Pyrrhotite Creek…this is a part of the Sheslay Valley that investors need to watch very closely as it exhibits all the classic signatures of a potential major new discovery, separate from Prosper’s Star targets clustered several km to the north-northeast…
Remarkable Ratio: Drill Holes & Discoveries In The Sheslay Valley
What’s remarkable about the Sheslay Valley is the high “hit” ratio on drill holes (80%) and the limited number of total drill holes (59 altogether, 42 historically on the Sheslay, six at the Sheslay last year by Prosper and 11 by Doubleview at the Hat last year), and the number of significant drilling discoveries (3 – Star, Hat, Pyrrhotite Creek) over wide distances…from the Star to the Hat is almost 10 km…from the Star to Pyrrhotite Creek is 4.5 km…Garibaldi’s Grizzly, the biggest property of all, has never been drilled, yet exhibits geological and geophysical signatures that are similar to those at the Sheslay and the Hat…as some people have said, the region is “pregnant”…
Fluid Throughput
Any major Cu-Au porphyry system requires fluid, a dynamic hydrothermal environment and this is what appears to have made the Sheslay Valley very special…in layman’s terms, there’s a major “heat engine” at work here, or perhaps a series of them, driving the entire process of catapulting Copper and Gold toward the surface…while it’s not completely understood just yet, the Kaketsa pluton has played some sort of a role in driving mineralization throughout the district…
New Map
Below is a BMR modified map, expanding on the 3D Google Earth version released yesterday by GGI…we’ve touched on a few key points this morning which we’ll expand on next week…the intent of this map is to paint the “big picture” of what is clearly a very long mineralized corridor in the Sheslay Valley (22 km from GGI’s Grizzly West porphyry target to Doubleview’s Hat discovery) and a potentially very wide one as well…keep in mind, this map doesn’t even show the full district…parallel NW/SE trends are cutting through the entire area, a classic northwest B.C. scenario…
 This view of a large part of the Sheslay Valley is from the southeast - mineralization is trending NW/SE over long distances, and the corridor could easily broaden to the south and the north.
GGI is up 1.5 cents at 20.5 cents as of 7:15 am Pacific…DBV, which is expected to commence drilling shortly, also gapped up this morning and is 2 cents higher at 31 cents, while PGX has gained a penny to 49 cents…
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