Garibaldi Resources Corp. announced that ground crews have completed preparations for diamond drilling which is now underway at the Company's 100% owned E&L nickel-copper-cobalt project on Nickel Mountain in the Eskay Camp of Northwest British Columbia. The 2022 drill program will test the targets generated from the 2021 Geotech deep penetrating ZTEM survey.

The Ztem survey identified a number of robust new electro-magnetic (EM) responses. These rise from depth to near surface VTEM conductors that coincide with the location of mineralized zones previously drilled and/or prospected, this especially supportive outcome aided drill target selection. The targets at E&L are within a plane that contains both the peak ZTEM response, the chaotic mafic-ultramafic rock assemblage of the differentiated intrusion, and the massive and disseminated sulphide zones.

Two drill holes have been designed to undercut the E&L intrusion in the plane of the intrusion at least 100 meters below existing drill holes. These holes will directly test the cause of the ZTEM anomalies, test the root of the intrusion, and provide a platform for bore-hole electromagnetic surveys. A third hole is designed to evaluate the magnetic and conductive source of boulders of taxitic and orbicular-textured olivine gabbro with up to 0.88% nickel and elevated sulphide nickel tenor located 1 km west of E&L. Exploration plans include drilling the B1 (white Fox) target where near surface conductivity is coincident with gabbroic rocks containing excess sulphide-controlled nickel above an intense ZTEM response which extends the potential to depth.

The first set of primary targets, will be tested by bore hole electromagnetic methods to survey around each hole.