Giga Metals provides Turnagain project update
December 02 2024 - 9:04AM
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 80% of the Turnagain complex remains unexplored or
underexplored. I am excited about the opportunity to work with Dr.
Beresford, who is in the top tier of nickel exploration geologists
worldwide.”
“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 85% by Giga Metals Corporation and 15%
by Mitsubishi Corporation. A Pre-Feasibility Study was released in
October 2023.
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 InformationOffice Phone:
+1 (604) 681-2300Investor Inquiries: info@gigametals.comCompany
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
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