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Sunday, October 28, 2018

Garibaldi - fecked?

1.7m.....
1.7m.....
1.7m....

The height of a fridge, or Tom Cruise

That is the thickness of the New Central Zone (link) according to a nice clarification PR released last Thursday and still hasn't managed to make it to their website.

We got depths, thicknesses, and coordinates, but no map, or any trace of any news from any of the 18 drill-holes (hole 23-40) that must have been drilled between holes EL-18-22 (results released on the 24th Sept (link) and the new zone discovered by EL-18-41 (link)

However, they included some hole info for EL-18-41 so we can see where it is, and you can get the 3D viewer file from here (link)

Correction - I made a mistake in the original viewer file, I put the massive sulfide zone at the bottom of the lower disseminated zone not the upper one. The updated viewer file is here (link). Not much changes.


OMG!!!!!!!! To the shock of no-one, it's located where every other hole has been drilled.I'm guessing they used that cunning geologist trick "let's just turn the rig around and start drilling in the opposite direction"

I jest, the hole was drilled below a new zone of massive sulfide mineralization exposed by the retreating ice field (I've called it the Global Warming zone, and it is a much cooler name than "New Central Zone").

Here is a nice cross-section


You can see that hole 41 hit the massive sulfide almost vertically below the surface outcrop. If this is the case the true width could be a little as 0.5m. Another section



correct section below

The corrected section doesn't change much. The new zone is still narrow, but now 30m rather than 75m below surface, but not exactly open-pitable.

This is quite a busy section, but note:
  1. the massive sulfides in hole 41 are ~75m 30m below the surface outcrop of the Global Warming Zone
  2. Hole 41 appears to be also testing the NW continuation of the Main/Discovery Zone beyond hole EL-17-02, and hit nothing, not even a mention of disseminated mineralization (assuming that this zone is ~horizontal).
  3. In the surface map they talk about a MASU (MAssive SUlfide) bounders in moraine. If you look at the topography, you can see that the Massive Sulfide bounder zone is downhill from the Global Warming zone. This shows that this zone is the source of the bounders and it is unlikely to be anything huge beneath the ice in this area.
To reiterate a point, GGI were very quick at rushing out a PR based on visual observation of the core from hole 41, yet we've heard nothing, not even a mention of anything from holes 23 to 40, why? They are obviously a lot worse than hole 41 and must be shite.

70 comments:

  1. Those sections are really helpful to understand what's going on.

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  2. Thinking this year is a writeoff for GGI and MTS. Right now GTT is the current market darling.

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  3. TAG, I keep finding sloppy mistakes in your work. It really does call into question the validity of your conclusions if your presentation of the facts contains errors. Here, the massive sulphide zone is at the bottom of the upper mineralized interval, not the lower one.

    I'm very much surprised, also, that a trained scientist would not hold to the aphorism that "The absence of evidence is not evidence for absence." There is no a priori scientific rationale for assuming holes 23 to 40 are shite. The evidence is simply not yet in the public domain.

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    1. Hoover - post your work so we can all check it.
      TAG - ignore Hoover, keep up your work; real geo's appreciate it!

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    2. Get out of here Larry Hoover, this is a website for angry skeptics not brown-nosers who spend all their time defending a company that basically operates via tricks up the sleeves. Not a big difference if the 1.7m of massive sulfides is at the bottom of the upper vs. lower interval, and as for the status of holes 23-40 if they did hit something better than 1.7m of massive sulfides, especially since most of those were drilled away from the E&L zone, and haven't said peep about that, it would be highly irregular and BCSC should slap a long trade halt on their asses.

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    3. The location matters because she modeled it wrong, and then came to conclusions about that. There is no regulatory violation in collecting drill results for interpretation before they're released. The labs are backed up too. Nobody gets halted for slow labs.

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    4. Thank you, I was incorrect, the massive sulfide zone does occur at the base of the 1st not the 2nd disseminated interval

      model and post have been updated. It doesn't fundamentally change anything on the interpretation except the depth to the interval. The zone is still narrow and sub-vertical.

      But thanks for pointing that out. It would have been nice to have had a nice table showing the intervals.

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    5. It actually reduces the significance of the intercept if it is closer to surface so for that reason, and only that reason, it is important.

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    6. Thinking like that is naive and will get you slaughtered. Are you suggesting they left out a slew of holes because they're all barn burners? You got played, sorry.

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  4. You really overuse that quote Hoover. This release was a restatement done at the demand of IIROC. It's "possible" they are logging holes in reverse and just haven't gotten to holes 23-40 yet (yes, that was sarcasm) but that does not fit their past pattern of selective disclosure. If they had some hot intercepts in earlier holes they would have been shouting it from the rooftops. If they do, and they didn't include it in the last release based on IIROC's demand for clarification, that's almost as bad. Pretty sure IIROC also demanded they specify which hole it was. Hope you're right but its definitely not the most likely outcome.

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    1. I don't overuse it, Eric. I use it once per irrational declaration by other posters. IIROC's clarification request was satisfied, or the press release that we saw would not have been approved. It's pretty clear that you're personally familiar with circles of jerks.

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    2. And, I'm pretty sure, far more familiar with the people at IIROC. I imagine they would have at least asked them if there were other holes they should be describing as well. If there are better ones in between 22 and 41 that would be both unusual and very much unlike this company's history of disclosing drill holes that were arm wavable pretty much as soon as the last core was pulled from the barrel.

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    3. I don't know how it would be possible for a rational person to come to any other conclusion Eric, except that GGI has bags full of tricks so we must leave a very small window of possibility open for an insane outcome (i.e. they actually do have a massive sulfide intercept >1.7m in holes 23-40).

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    4. You all know that IIROC and the BCSC aren't the same right?

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    5. And? .... Finish your thought. Which is probably irrelevant to the point. The point being that sulfides are readily apparent in drill core, even disseminated sulfides, so selectively disclosing (hole 41 for example) is highly irregular. That's the point so if you are going to say something please stick to it.

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  5. Larry Hoover is a 'trained' chemist and has spent the last decade touting complete garbage from the likes of E.Robin Dow and Robert Bruce Duncan.

    GGI has been an insult from day 1 and that goes double for career chitface Rogoci. A wicked indictment of every (semi) honest player in Canadian securities, this is his SECOND spanking in 12 months. He should be fukkin banned. K9s.

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  6. Pretty big chunk of that recent drill hole (to 184m length) absent of comments that is for sure.

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    1. The ONLY place they have found significant nickel sulfides at Nickel Mountain are at the contact between highly fractured sediments and gabbro. If you assume this is not a conduit model (an assumption based on evidence) then it is not surprising they are not finding anything at depth.

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    2. I wonder if it is due to Sulfur or introduced into the system that is precipitating out the Ni and Cu that are in the gabbros, essentially a contact-type mineralization rather than a true ultra-mafic deposit.

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    3. Yes that is it Angrygeo, the taxitic gabbro has both fragments of country rock and large xenoliths so lots of contact surface. You don't get these extreme tenors of nickel sulfides through magma transport, you can perhaps get it via localized sulfur oversaturation (from the country rocks) and very possibly also reduction (anhydrite in Norilsk/Talnakh, CM in black shale at Nickel Mountain). I think normally this type of contact mineralization when it forms would usually get dispersed or not accumulate but at the E&L zone where there seems to be folded sediments there could be a sort of P-trap with a rotating convection current causing the sulfides to grow essentially like snowballs rolling down a hill ... essentially very high R factors. If so, this is a structural type deposit that formed because of a pretty special set of circumstances, not because the intrusive itself is that special. Elsewhere on Nickel Mountain you could maybe get some sulfides but if R factor was not similar then probably very little if any massive sulfides.

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  7. hey guys - you should check out Ivanhoe Mines (IVN). They had been drilling at Makako for a year and just released their results 14 days ago. The results were great and yet they kept them under wraps for a long time. Eric Coffin - there are companies that have good results but don't go shouting them from the rooftops until they are ready to do so. Anyway, aren't you just an accountant? What would you know about geology? And Szabo knows dicky. So screw both of you. No wait include the moron Ventura and angry geo.

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    1. Hey you dipshit have you considered that the peeps at Ivanhoe actually know what they are doing unlike the idiots running the circus at GGI? They didn't disclose previous holes because it isn't unusual to get intersects like the "discovery hole" in that area without having enough continuity and tonnage to suggest there might be an economic deposit. That's exactly the opposite of the clowns at GGI who drilled WITHIN a historic RESOURCE ENVELOPE and called it a "DISCOVERY". Dumbass.

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    2. lick my nuts you ggi figs. buy vanadium stocks

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    3. I'm sure that Ivanhoe, with 3 advanced stage projects (platreef, Kamoa and Kipushi), will be wanting to publish every exploration hole on every project that they are drilling?

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  8. The fair value per share for mere pods of nickel sulphide is .05 cents. I only wonder if people will jump ship or sink with it

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  9. szabo - you don't fricking know why IVN didn't disclose the results. But you have to have your say you low IQ moron. How the hell do you know what is unusual in that area. you are a low IQ whore szabo - that is what you are.

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    1. LOL and you are an insignificant anonymous twit. At least angry though, so that's good.

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    2. No-one knows why GGI haven't disclose the results, but I'm sure it is because that massive sulfides forgot to take the left turn off the magma highway at Albuquerque and ended up a Pismo Beach!

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  10. The high quality individuals from the GGI ceo.ca board have shown up. It's going to be great watching them have a meltdown. They have earned it.

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    1. maybe you could suggest that if they bought (a lot) more share at this bargain basement price the price would go up?

      Plan B is to call Tom a stupid whore, but I'm guessing that will have a slightly less positive impact on GGI's share price.

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  11. GGI has been playing a thinly veiled shell game and the market is now wise to it. Under a buck before the weeks out guaranteed.

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  12. A lot of effort going into GGI from you donkeys. You don’t even own any shares. Why do you spend the time. Tell whoever signs your cheque (most likely Irwin) to relax and just buy back. It’s going to happen like we all know. You all will be in the book though. This is amazing entertaining stuff.

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    1. Yes true dat, the book's tentative title is, "The Search for Voisey's Bay 2.0 in the Taxitic Gabbros of the Golden Triangle, or, Nickel Experts Gallop Down the Magma Highway While Mental Midgets of Mainly Canadian Persuasion Are Taken to the Cleaners, but Not in the Same Vehicle as the Nickel Experts Because They Hate Bad Karaoke".

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    2. I wish these blogs had a "Like" button!

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  13. Andrea Mullen is that you?

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  14. So I come here hoping to get some good vital information and all I read for the most part is guys bashing for no reason. Correct me if I'm wrong, the full exploration story on GGI hasn't been concluded. We do have some information and waiting for more. Can we please talk about what we have Angry Geologist and please remove users who simply bash on anything. Thank you..

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    1. LOL you are clueless aren't you? When the "full exploration story" on GGI has been "concluded" then there won't be any reason to discuss anymore because either it will be an economic deposit (unlikely based on the current trajectory, and even if they do "discover" something new it probably won't be an economic deposit of nickel sulfides) or a dud.

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    2. There you go Angry Geo, enough said. This man has no idea who or what i do and makes these assumptions based on a paragraph I have typed. Again, we don't know the full story yet and I'm sure you can honestly agree to that.

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    3. "We do have some information and waiting for more." What a maroon. I'm reminded of Tiny Tim asking for 'more soup please'.

      Rogoci needs to be banned from securities markets for glaring, sickening cause. (I say permanently) GGI is a ridiculous scam for EXTREMELY stupid people.

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  15. Wow, this is worse than the worst excesses of the CEO.CA channel for GGI!

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  16. Hey Andrea you can knock the misleading model off now. I am sure the DOS or the PCPG would not want to learn that you are misleading investors intentionally with your incomplete model. Please make it properly. It seems that many people here are constantly fixing your mistakes

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    1. You guys are desperate assholes. Doxxing is your only remaining tactic having run out of logic, common sense and decency.

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    2. Very intelligent response Tom. What exactly do you do for a living?

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    3. Tom is washed up - nothing left...

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    4. Hello Anon, why don't you post me a link to your model? I would love to read your post on the geology of Nickel mountain and what you think the mineralization is doing and the potential of the project.

      There may be huge potential at one of the other VTEM anomalies, but until GGI actually manage to drill them, all they are, are letters drawn on a map.

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  17. I feel like GGI shareholders are a bunch of Timothy Treadwells, hanging on cuz they love donkeys so darn much. Intelligent minds keep warning you it's bear season.

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    1. Again Angry Geo. I came here for information and all we have is a slew of haters who truly don't offer anything of value. This board seems to be a pastime for these immature individuals.

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    2. some of the posts are humorous, you don;t have to read the comments section

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  18. I see nothing but holes and fabricated assertions being made here. I've heard that TAG has been reported for misleading potential investors with this fabricated material... Heard it on the "street". There are only so many credible people out there and none of them reside in this despicable, desperate blog. Seeking attention in all the wrong ways.

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    1. I was hoping to gain some valuable information as she seems to be knowledgeable. However, it gets clouded with some of these contributors who simply come to this blog and bash the company, whether right or wrong. So I'm not going to rely on what is being posted if they can't act in a professional manner. As of right now, the whole story hasn't been told. The company is drilling and trying to prove tonnage and percentage of the minerals in the ground.

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    2. With the way "people" speak in this thread, there is nothing of value here whatsoever. It is not attractive to me as a manager, to consider any of this for DD. It is at best college level maturity/mentality. I'm actually surprised to see some familiar names here speaking the way they have. Losing credibility is never good.

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    3. Hello Anon,

      How am I misleading investors? What information is fabricated, all I'm doing is presenting my opinion on the data for this project that is in the public domain.

      If you don't like my blog, you don't have to read it or make any comments.

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  19. 2 more holes reported after market close 5-10 meters of massives. 8% nickel. Not sure if still drilling the pod or what. Too hard for me to follow so no not invested. All atwitter on CEO.ca High fives everywhere. LOL

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    1. They've extend the mineralization though within the same envelope that conceptually gives you 3-5 million tonnes (low to high estimate).

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    2. It's interesting that they didn't drill HC1 and 2, identified in their Jan 25 press release. Enquiring minds would like to know why?

      That central zone is pretty much surrounded by holes. One would think they have enough pierce points to estimate true thickness. Also, hole #24...the grade on the 10.5 meter width is barely more than the grade on the 4.5 meter width extended over 10.5 meters and assuming zero grade beyond the 4.5 meter section. In other words...the only part of the hole carrying potentially economic mineralization is the 4.5 meter section.

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    3. I looked at the location on Google Earth...it's one of the most challengine project locations I've seen. High up on a ridge...no wonder they're fan drilling from only a couple of spots. There's an ice field right behind them and a 1,000 meter drop into a valley right in front of them. Exkay Creek is a few K's east but is inaccessible. The old Snip airstrip and the Forrest Kerr hydro project are also within a few K's but aren't much help for exploration. They must be melting icefield to get drill water.

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    4. I've updated my model, I'm getting ~800,000 tonnes at 2.5% Ni using a 1% Cut-off

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  20. So it's after the close and, as usual, impossible to say WTF is going on with any clarity. Its APPEARING more stabs at the fukkin ore pod. The reason I conclude this is, lacking a MFing map, these criminals keep referring to hole EL-17-14. https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGGI-2677196&symbol=GGI&region=C

    This deal stinks whilst sucking asshole and blowing wind. Resign Regoci you K9 disgrace.

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    1. Grow up Ace. You sound so unintelligent. Make a proper claim and perhaps people will listen. You obviously have a beef with the company and your criticism is just plain nonsense. Angry Geo, do we really need to read this from this poster?

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  21. I'd suggest GGI retards start their own blog and spew their wicked fantasy to stupid folks that way. Clearly (very) Rogoci isn't impressing anybody with a sliver of brain material. That rules out AG and myself for damn certain.

    Rogoci OUGHT TO be banned from the Canadian Securities markets for glaring, sickening cause. Look to GGT.v for beautiful disclosure and how it ought to be done. Look to GGI for an example of Venture career chitface basterds trying to rip people off with frightfully fraudulent disclosures. Those disclosures are meant to deceive 100%.

    Rogoci is a fraudjob, period and end of sentence.

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    1. Lol, GGT Ace? No need to say more.

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    2. Err that would be GTT.v and dorks raised MORE flow-through, including 'charity'. Boyos just LUV their dilution. Pffft.

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    3. What is GGT - The Gabelli Multimedia Trust Inc. ?

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  22. Why is GGI down so much with more massive sulphides??? Winter coming?

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    1. It is because the new holes are drilled into the same area where all the drillign has occured, so weare seeing 'more of the same'.

      If they had drilled these holes on one of their other targets, you would have seen the share-price heading back up to $2 as it would increase the potential for the project.

      Basically, we're seeing project fatigue and the drilling not meeting the expectations of the project presented by GGI management.

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  23. Great day for GGI, down another 10%. All drills apparently back AGAIN at the "discovery" so that probably means nothing game changing at any of the "stepouts". The race is on to see how much swiss cheese they can make in a 100x200 meter area before the snow chases them away. It's 24 holes and counting.

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    Replies
    1. Rogoci has put a whole new set of definitions on mining terms like 'open in all directions', 'step out', 'zone','discovery', 'massive' 'anusface K9', and 'securities fukhead.'

      In future dopes ripped of by horrid Venture conmen will be said to have their holes 'Regocized'

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    2. Anonymous said...
      Go home Tom you shill. Keep to running your maternity store in San Jose, running failing investment mining sites, or counting beans - because with your qualifications that's all you are - a failed accountant who's also a know-nothing paid POS manipulator.

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