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Does Garibaldi (GGIFF) Stock Have a Chance to Stabilize After Declining by -2.16%?

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At the close of yesterday’s trading, Garibaldi Resources Corp (OTCPink: GGIFF) tumbled -2.16% to $0.3442. The Garibaldi stock volume was 10.75K, compared with its average weekly volume of 7.51K. After mobilizing exploration crews, GGIFF stock surged.

How will GGIFF mobilize its crew?

Canadian-based Garibaldi makes discoveries and develops its assets in order to create shareholder value. A number of the most productive mining regions in Canada and Mexico are home to GGIFF’s operations.

Earlier last week Garibaldi said it was deploying exploration personnel to its camp along the Eskay Creek road at km 45.

  • In addition to the Nickel Copper and Cobalt Massive Sulphide Project under the E&L portfolio, the Hazelton Group continued to pursue precious-metal targets at volcanogenic massive sulphide (VMS) deposits.
  • Nickel Mountain, as well as VMS’s prospective Palm Springs claims, are now being surveyed by GGIFF.
  • Two GGIFF specialized airborne surveys are part of stage one.
  • As part of GGIFF’s surveys, ZTEM, a deep penetrating electro-magnetic (EM) airborne sensor, was used to track high-grade conductive intrusions into conductive infrastructure.
  • Other GGIFF airborne surveys include SkyTEM, which identifies stratigraphic structures with potential when looking for precious metals in the Eskay Creek style.
  • In order to aid interpretation for exploration, GGIFF will process the data from the two surveys as fast as possible.

What plans does GGIFF have?

In Garibaldi (GGIFF)’s upcoming diamond drill program, they will explore multiple targets near the E&L mineralized gabbro, in search of massive sulphides. On GGIFF’s claims for the base and precious metals, crews will sample geophysical and geochemical targets beyond Nickel Mountain. Remote sensing of World view3 satellite data was used to identify altered zones and outcrops at GGIFF.

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