Gladiator Resources Limited advised that further assay results have been received from the company's Kroda 3 and 4 prospects on the North Arunta project, a joint venture between the company and Prodigy Gold. The company sees potential for the discovery of a significant gold deposit through the application of modern geophysical techniques. Induced Polarisation (IP) chargeability anomalies have been identified down plunge of existing thick intersections and in the footwall of known mineralization at Kroda 3 and 4. Assay results have been received from KRC003 and KRC010 and for pre-collar samples from hole KRC005. Hole KRC003 intersected the Kroda 3 chargeability anomaly 350m west of the area previously drilled. Highly anomalous gold in excess of 100 ppb (0.1 g/t) was encountered over a 20m downhole width between 272 and 292m. The anomalous gold is associated with pervasive silicification, numerous quartz veins, disseminated and vein sulphides and elevated arsenic. The best intersection was 1m at 0.57 g/t. These results near double the known extent of the Kroda 3 mineralized zone. Hole KRC010 intersected a chargeability anomaly immediately west of Kroda 4. Two 1m intervals returned gold in excess of 0.1 g/t, broadly associated with a 30m downhole interval of disseminated pyrite and anomalous arsenic (due to disseminated coarse arsenopyrite). All remaining samples have been submitted for analysis with the results expected to be delivered by the end of the January. Analysis will include screen fire assay given that the new results and historic drilling are indicative of course nuggety gold. Lithological logging of the diamond core was delayed over the Christmas and New Year holiday and should be completed this week. The results received to date continue to demonstrate what is a potentially a significant gold system however the Company will await the results of all assays before final conclusions can be drawn. However, based on the observations of the density of veining, distribution of sulphide minerals, alteration zonation and broad zones of anomalous gold (> 0.1g/t Au) the Company believes that the Kroda system may be the surface expression of a much larger Intrusion Related Gold system. Ongoing assessment of the current and pending assays with the drill core and chips will assist to generate a target model for future testing.