Gladiator has completed a 2,632m maiden diamond drilling program at the
All holes returned significant intercepts confirming the width and continuity of mineralization previously targeted at
CPG-006: 16m @ 2.36% Cu from 79m within
92m @ 0.71% Cu from 67m
CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m and; 33m @ 1.48% Cu from 71m within; 113m @ 0.79% Cu
CPG-003: 13.2m @ 2.26% Cu from 22.8m
CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m
CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m
CPG-010: 26m @ 1.14% Cu from 86m
These shallow results confirm the continuity of copper skarn mineralization at
Importantly, these assay results highlight the previously unrecognized potential of the endoskarn copper mineralization at
Multi Element Assays confirms high grade coincident Molybdenum. The recent assay results also highlight significant zones of molybdenum mineralization coincident with the copper mineralization.
Copper mineralization remains open along strike and down dip in all directions at
The Company is advanced in its planning to complete a further 2,000 m of diamond drilling based on initial observations from diamond core drilled to date. This program will be aimed at testing strike and depth extensions to mineralization providing Gladiator with a better understanding of the identified parts of the mineralized system where limited or no assaying was undertaken within the historical drilling.
Gladiator CEO,
Results from Gladiators sampling continues to define the continuity and scale of copper mineralisation at
The recent drilling has also identified significant widths and grades of copper mineralisation within the endoskarn which was not previously targeted by previous operators.
As well as updating the market in the coming weeks with the remainder of the assays from the maiden diamond drill campaign Gladiator has already begun planning for follow up diamond drilling which will be targeting extensions to historically defined mineralisation at
Gladiators 2632m, 14-hole maiden diamond drilling campaign was completed on
CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m
CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m
CPG-010: 26m @ 1.14% Cu from 86m
Cu Mineralization Width and Grade Confirmed
These results confirm the width and continuity of mineralization previously targeted at
CP-003: 16.76m @ 2.27% Cu from Surface
CP-053: 27.7m @ 2.74% Cu from 8.69m, Including 7.83m @ 8.34% Cu from 23.93m
CP-119: 36.27m @ 2.28% Cu from 72.24m
CP-125: 23.32m @ 3.53% Cu from 51.51m
19-CP-08: 43.28m @ 2.24% Cu from 93.27m
New results from the recently completed drilling campaign demonstrates the potential for this style of mineralization. This has become evident when current drilling is compared against selectively assayed historical drilling in neighboring holes. For example, recently completed drill hole CPG-002 returned 113m @ 0.79% Cu from 19m, compared against historic drill hole CP-039 that returned 62.49m @ 0.65% cu from 42.67m.
Multi Element Assays confirms high grade coincident Molybdenum
The recent assay results also highlight significant zones of molybdenum mineralization coincident with the copper mineralization. Significant intervals from recently completed drilling includes:
CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m
CPG-003: 5m @ 1.23% Cu and 0.11% Mo from 9m
These results are supported by recently announced results from Gladiators multi-element sampling program of previously unassayed core at
19-CP-01: 10.54m @ 1.87% Cu, 0.16% Mo
19-CP-01: 19.81m @ 1.19% Cu, 0.13% Mo
19-CP-05: 27m @ 0.68% Cu and 0.23% Mo from 97m
Molybdenum was not systematically assayed for in the historical drilling and Gladiator intends to add co-product value to the project through the inclusion of this and other potentially contributing elements including silver and gold.
Exploration Update
The Company's exploration program at the
In addition to the Company's own diamond drilling above, Gladiator will continue its program of logging and assaying approximately 10,000 metres of unassayed core from exploration drilling completed in recent years. The 10,000 metres of core mostly relates to drilling at
Gladiator will also assay for molybdenum, gold, silver, and other elements which were not historically systematically assayed for, along with incorporating potentially lower grade mineralised material within or adjacent to significant mineralised widths that was often not assayed in the past to allow for future assessment of modern bulk mining potential.
The Company is also carrying out a systematic consolidation of the historic drilling and mining activity representing the first time a comprehensive review of regional datasets has been undertaken since the last mining activity in the region ceased in 1982 with the closure of the Little Chief mine. Gladiator to date has identified over 800 historical surface drill holes drilled by
Regional Exploration
Work completed to date has identified more than 30, drill ready, high-grade regional targets associated with copper rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to
ABOUT
Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it came to be known. The Whitehorse Copper Belt comprised over 30 copper-related, primarily skarn occurrences covering an area of 35 by 5 km in a northwesterly trending arc. Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized skarn ore were milled (
The Project is accessible through numerous access roads and trails located within 2 km of the
In
Contact:
Tel: 1-604-653-9464
Email: dzinger@gladiatormetals.com
Certain of the statements and information in this news release constitute 'forward-looking statements' or 'forward-looking information'. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'believes', 'plans', 'estimates', 'intends', 'targets', 'goals', 'forecasts', 'objectives', 'potential' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information..
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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