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September 11, 2019

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,486 and $1,495 so far today…as of 7:00 am Pacific, bullion is up $6 an ounce at $1,491 on this 18th anniversary of the 9/11 Islamist terrorist attacks that killed nearly 3,000 people…Silver is up 2 pennies at $18.00…an exceptionally strong support band for Silver exists between $17.75 and $17.25 with the metal touching $17.68 intra-day yesterday…Nickel is a penny higher at $8.24…the 7th annual Asian Nickel conference kicked off this morning in Jakarta, Indonesia, a fast-growing hub for the global Nickel market…the 2-day event brings together Nickel, stainless steel and NPI producers, end-users, battery makers, auto manufacturers, technology providers, stainless steel scrap companies, traders, analysts and other industry experts to explore the latest supply-demand dynamics, pricing trends and growth drivers in the Asian Nickel market…Copper, Zinc and Cobalt are all relatively flat at $2.61, $1.06 and $15.99, respectively…Crude Oil has added 40 cents a barrel to $57.80 while the U.S. Dollar Index has jumped one-third of a point to 98.66…focus is turning to tomorrow’s ECB monetary policy meeting…ECB President Mario Draghi is expected to roll out some significant stimulus…market expectations for a September rate cut by the Fed, which meets next Tuesday and Wednesday, are at 91%, according to the CME Group’s FedWatch tool…China has made a positive overture to the U.S. regarding trade, announcing that it will exempt certain U.S. products from tariffs for 1 year…President Trump, basking in the glow of an important Republican congressional win in a special election in North Carolina last night, continued his verbal assault this morning on the Federal Reserve, which he blames for slowing the economy, tweeting that the central bank should cut interest rates to zero or even set negative interest rates….“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt…INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term…We have the great currency, power, and balance sheet…The USA should always be paying the lowest rate. No Inflation!…It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing…A once in a lifetime opportunity that we are missing because of “Boneheads”Prime Minister Justin Trudeau has asked Gov. Gen. Julie Payette to dissolve Parliament, triggering the official launch of Canada’s federal election campaign…the election will be held October 21 and will have major implications for the country’s resource sector…

2. Some American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses…that’s according to a survey released today by the American Chamber of Commerce in Shanghai…more than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions…that’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination…

3. Alberta Premier Jason Kenney has launched a promised legal challenge against Ottawa’s contentious environmental assessment bill that threatens Canada’s resource sector…Kenney said the province has started a constitutional challenge against Bill C-69 which came into force August 28 and overhauled the regulatory regime that oversees applications for major resource projects…“This is not about jobs in Alberta, although that is critical,” Kenney said…“It’s about the rule of law, it’s about the dream of an economic union, it’s about respect for the fundamental law of the land, the constitution of Canada”…industry groups earlier this year proposed more than 100 amendments to Bill C-69, which would have amounted to a sweeping restructuring of the bill…several Conservative and some Independent Senators sought to have those amendments accepted by the House of Commons, but climate change alarmist and Minister of Air, Land and Water Catherine McKenna ultimately rejected almost all of the proposed changesBill C-69 substantially broadens the review process for major projects by expanding public hearings, incorporating new considerations around gender and environment, and introducing an “early-stage” review process, among other things…the National Energy Board was also replaced by the “Canada Energy Regulator” as part of Bill C-69

4. The left’s smear campaign against Alberta’s Oil Industry, much of it American-funded, isn’t being ignored anymore, thanks to a new government in the province, and that has rankled the likes of Amnesty International…the group is now warning Premier Jason Kenney that his government’s fight against Oil and gas industry foes puts human rights at risk…the head of the group’s Canadian branch outlined his concerns in an open letter yesterday that highlighted Alberta’s public inquiry into foreign funding of environmental groups and its $30 million war room to combat critics through social media, advertising and the press…Amnesty International is deeply concerned that these initiatives undermine and violate a range of Alberta’s human rights obligations, under the Canadian Charter of Rights and Freedoms and international law, including freedom of expression, freedom of association, the rights of Indigenous peoples and gender equality,” wrote secretary general Alex Neve…

5. The Dow is up 18 points through the first 30 minutes of tradingApple (AAPL, NASDAQ) added to its gains from the previous session, giving the tech sector a lift, after unveiling a slew of new products including 3 new iPhones along with a new Apple Watch and a TV subscription service…Apple also showcased a gaming subscription called Apple Arcade…in Toronto, the TSX is 22 points higher…the TSX Gold Index is finding support around the 240 area, as expected, after a healthy 11.3% correction over the last 4 sessions…specifically, an exceptional support band ranges from about 240 to the high 220’s…S&P Dow Jones Indices is adding Kirkland Lake Gold (KL, TSX) and removing Husky Energy (HSE, TSX) when it rebalances the S&P/TSX 60 on September 23…the Venture, which has climbed in 9 out of the past 13 sessions (though it doesn’t feel like it), is up 2 points at 584…the Index will gain traction to the upside once it’s able to conquer key resistance at 600

6. Vsblty Groupe Technologies (VSBY, CSE) has been selected as a preferred vendor for Seneca Lab’s industry-leading visual media product solutions…Seneca is a division of Arrow Electronics (ARW, NYSE), a Fortune 109 company with more than 20,000 employees worldwide..Kevin Cosbey, Business Development Manager for Arrow Electronics Global Services, said Seneca is launching a first-of-its-kind integration software, named Maestro, preloaded on digital media players, which can be ordered complete with CMS and/or with software analytics that provide audience measurement…“For this program 4 vendors that offer CMS solutions and 3 that offer audience measurement have been selected.  VSBLTY is the only Seneca partner offering solutions in both the CMS and analytics categories,” Cosbey pointed out, “and we are delighted to have VSBLTY’s state-of-the-art technology to enhance Seneca’s product line”…the digital signage market is exploding worldwide…according to a recent research study, the global digital signage market size was estimated at $18.5 billion in 2018 and is anticipated to reach $31.7 billion by 2025 at a CAGR of 8.0% from 2019 to 2025VSBLTY Co-founder & CEO Jay Hutton added, “It is widely known how carefully Seneca vets its vendors so we consider it a high honor to be selected for its global content management and audience measurement products.  VSBLTY technology provides enhanced customer engagement and audience measurement using machine learning and computer vision.  Its VisionCaptor and DataCaptor software combines motion graphics and interactive brand messaging with first of its kind Facialanalytics”VSBY has formed an important bottom on the charts and is up half a penny at 35 cents through the first 30 minutes of trading…

7. Licensed cannabis producers in Canada are standing by the safety of their upcoming vape pen products in the wake of a spate of lung illnesses that has left 6 dead and affected close to 500 people in 33 states south of the border…both cannabis and nicotine vape pens have been linked to the mysterious lung condition in the U.S., with one of the deaths reportedly tied to cannabis oil bought in a legal pot shop in Oregon, according to the Oregon Health Authority…with a month to go before cannabis vape products become legal in Canada, major industry players who are positioning to supply the new market appear confident that Canada’s highly regulated legal cannabis system is equipped to ensure the safety of consumers who vape…it is still unclear what exactly is causing hundreds of vapers to develop respiratory problems, but a statement released by the U.S. Food and Drug Administration pointed at vitamin E acetate – used as a suspension fluid in some cannabis vape pens – as the possible culprit…

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  1. I’m starting to feel like a cat waiting for the mouse to come out!! Sheesh..

    Comment by Laddy — September 11, 2019 @ 11:18 am

  2. Strong insider buying, low float, Red Lake play, GMP on the bid…..RGLD on the venture

    Comment by Weatheritout80 — September 11, 2019 @ 5:06 pm

  3. GGI News Out – and it is a beaut!

    Comment by Foz1971 — September 12, 2019 @ 4:37 am

  4. 53 is a whopper, but 54 could be the trail to the feeder zone – great news just out on Nickel Mountain…

    Garibaldi Drills 18.2 Meters of 7% Nickel and 3.8% Copper at Nickel Mountain

    VANCOUVER, Sept. 12, 2019 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to provide the following Nickel Mountain update including additional assay results as 2019 diamond drilling continues to build out Northwest British Columbia’s first magmatic nickel-copper-rich sulphide system in the heart of the prolific Eskay Camp.


    Drill hole EL-19-53, filling a gap on the northwest part of the Lower Discovery Zone (LDZ), has cut 30.2 meters of 4.74% nickel and 3.22% Cu (plus cobalt and precious metals) including 18.2 meters of 7.04% nickel and 3.81% copper within a broader intercept of 86.5 meters (65 m to 151.5 m) averaging 1.88% nickel and 1.32% copper (true width estimated at 69.2 meters);

    – Drill hole EL-19-48 has intersected 7.12% nickel and 3.34% copper over 4.76 meters within 44.5 meters of 1.20% nickel and 0.79% copper (true width estimated at 35.6 meters), widening the LDZ by 12 meters to the northeast;

    Drill hole EL-19-54 (assays pending) has extended the Lower and Upper Discovery Zones to the west by 14 meters and 33.5 meters, respectively. Significantly, it has also intersected strongly mineralized olivine gabbro at depth (302 m to 324.7 m) in a second magma chamber that plunges toward the southeast where a potential feeder zone may exist. EL-19-54 cut six separate intervals of mineralization totaling 142 meters including a total of 8.9 meters of massive sulphides and 133 meters of mineralized gabbro and sediments;

    Additional assaying by SGS and Actlabs of selected interval samples reported in 2017 and 2018 has revealed that the Nickel Mountain massive sulphides are unusually enriched with rhodium, iridium, osmium and ruthenium compared to global magmatic sulphide mineralization.

    Steve Regoci, Garibaldi President and CEO, commented: “The improved structural understanding of the known zones at Nickel Mountain is leading to increasingly robust results and new discoveries. It has also aided us in developing strategic new drill pad locations that now allow our crews to explore the E&L from a different geometry.

    “We eagerly anticipate providing investors with additional updates including multiple new assay results during the second half of September,” Regoci added.

    Drill Hole EL-19-53

    EL-19-53, processed on a rush basis, represents the widest massive sulphide intercept (18.2 meters) and the longest section of continuous mineralization (86.5 meters) east of the historic E&L deposit since Garibaldi discovered the high-grade Lower and Upper Discovery Zones in its first-ever drill program at Nickel Mountain in 2017.

    Dr. Peter Lightfoot, Technical Adviser to Garibaldi, commented: “The spectacular 18.24m interval of high-grade massive sulphide from the Lower Discovery Zone in EL-19-53 demonstrates the continuity of the mineralization, and encourages further drilling to establish the vertical and lateral extent of this exceptionally valuable style of mineralization.

    “Drilling from a strategic new platform is also very significant as Garibaldi takes this unique Northwest British Columbia discovery to an even higher level,” Dr. Lightfoot added.

    Nickel Mountain Massive Sulphides Contain PGE Rare Metals

    Additional assaying by SGS and Actlabs of selected samples from intervals reported in 2017 and 2018 has revealed that the Nickel Mountain massive sulphides are enriched with rhodium, iridium, osmium and ruthenium. The abundance levels of these precious metals are unusually high when compared to global magmatic sulphide mineralization.

    Dr. Lightfoot commented, “This is an interesting development which speaks to the unusual geochemical signature of the E&L sulphides and the strong enrichment in platinum group elements. This strong enrichment in rhodium, iridium, osmium and ruthenium reaches an apogee at the center of the massive sulphide zone. If these metals can be recovered into a concentrate, they will certainly add to the value of the massive sulphides.”

    Updated Drill Hole Maps

    To view updated cross-section and plan view maps, please visit the home page of the Garibaldi web site (GaribaldiResources.com) where new maps will be posted in the projects section.

    Quality Assurance/Quality Control (QA/QC)

    Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel Mountain Project using best industry practice. All core was logged by a geoscientist and selected intervals were sampled. HQ and NQ drill core was sawn in half and each sample half was placed in a marked sample bag with a corresponding sample tag then sealed. The remaining half core is retained in core boxes that are stored at a secure facility in Smithers, British Columbia. Chain of custody of samples was recorded and maintained for all samples from the drill to the laboratory.

    All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards and field duplicates. Multiple certified ore assay laboratory standards and one blank standard were used in the process. Samples were submitted to SGS Canada Inc. in Vancouver, British Columbia, an ISO 9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), Fire Assay (FA) and Leco methods. Concentrations of Rh, Ir, Os and Ru were determined by 30g charges by nickel sulphide fire assay followed by decomposition of the matte button and analysis by ICP-MS. Samples were prepared by crushing the entire sample to 75% passing 2mm, riffle splitting 250g and pulverizing the split to better than 85% passing 75 microns. Gold, platinum and palladium were analyzed using a 30 gram fire assay and ICP-AES. Total sulphur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt, silver and base metals were analyzed by sodium peroxide fusion and ICP-MS.

    The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and has been verified by Jeremy Hanson, a qualified person as defined by NI-43-101.

    Qualified Person & Data Verification

    Jeremy Hanson, P.Geo., VP Exploration Canada for the Company, and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release. Mr. Hanson has verified the data, including drilling, sampling, test and recovery data, by supervising all of such procedures. There are no known factors that could materially affect the reliability of data collected and verified under his supervision. No quality assurance/quality control issues have been identified to date.

    About Garibaldi

    Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

    We seek safe harbor.


    Per: “Steve Regoci”
    Steve Regoci, President

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

    Comment by Jon - BMR — September 12, 2019 @ 4:40 am

  5. Definitely closing in on the feeder. Very big that they use the word feeder in a news release….hole 53 bests Voisey’s discovery hole #2 by a long shot (2 times in fact)

    Comment by Foz1971 — September 12, 2019 @ 4:53 am

  6. As spectacular as hole 53 is, 54 is perhaps even more significant in terms of what it does, extending both zones to the west but also confirming a second magma chamber at depth which appears to be a trail to the feeder zone dipping to the southeast;

    New geometry for drilling will allow GGI to crosscut the system – this could lead to huge massive sulphide intercepts and new discoveries at shallow and deeper levels;

    Massive sulphides feature 11 different metals now – Rhodium, Iridium, Osmium and Ruthenium added to the list which has to make this material the richest Nickel massive sulphides ever found on the planet.

    Comment by Jon - BMR — September 12, 2019 @ 5:16 am

  7. Mr. Jon, do shorts/funds have it out for GGI + taking advantage of a lucidity event? It seems crazy barely up today – someone is defending these $1.80s…

    Comment by Jean — September 12, 2019 @ 7:41 am

  8. Just normal, healthy trading, Jean…be patient…the set-up on the ground is ideal to drive GGI thru that previously identified resistance in the low $1.80’s…and when that happens, nothing will stop it…

    Comment by Jon - BMR — September 12, 2019 @ 7:48 am

  9. Does the rising 50-day moving average assist with that?

    Comment by Jean — September 12, 2019 @ 7:51 am

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