ASX Announcement 4 March 2022
For personal use only
UPDATED ANNOUNCEMENT - EXPLORATION PROGRAM PROGRESSING AT
MINJINGU AND MIKUJU
HIGHLIGHTS
- Ground radiometric survey (of 1,971.6 line kilometres) completed at 296.9km2 Minjingu Uranium Project in northern Tanzania.
- Survey delineates a zone of 7.5km by 2.5km within which there are discrete areas of radiometric anomalism.
- Plan to ground truth the anomalies with a view to including new targets in the upcoming drill program
- Memorandum of Understanding (MOU) executed to facilitate sampling of stockpiles on adjoining Minjingu Phosphate Mining License
- Awaiting assay results from ALS Johannesburg on selected samples from 2 completed drill holes and final regulatory approvals to accelerate exploration programs at Minjingu and its flagship Mkuju Uranium project.
Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to report that its wholly owned subsidiary (subject to final regulatory approvals) Zeus Resources (T) Limited (Zeus) has substantially progressed activity at its Minjingu Uranium Project located in Northern Tanzania and is now well positioned to accelerate the program once final regulatory approvals are obtained and its acquisition of Zeus becomes unconditional.
Gladiator Resources Chairman Ian Hastings commented:
"The Company has now completed radiometric ground survey at its Minjingu Uranium Project in the North of Tanzania with very positive results and has identified areas of radiometric anomalism for further investigation. These will be ground truthed by geological mapping and pit sampling and potentially incorporated into a planned expanded drill program (ASX:GLA 24 January 2022) expected to commence shortly. Zeus has also executed an MOU with the owners of the adjoining Mining License which will facilitate the sampling of stockpiles. All of these initiatives should bolster the Minjingu Project substantially."
Minjingu - (Uranium, Phosphate) 100% Gladiator
The Minjingu Uranium and Phosphate Project covers a total area of 296.9km2 and is located in Northern Tanzania, 106km southwest of Arusha the main administrative city in the area and 520km northwest of Dar es salaam. The Minjingu Project area possesses solid infrastructure such as quality tarmac roads, power lines, airport services via both Arusha and Kilimanjaro International airports and ample water resources.
As previously reported (ASX:GLA 24 January 2022) the planned maiden Reverse Circulation (RC) drilling program at Minjingu which was designed to evaluate historical intercepts (reported by Montero Mining and Exploration Ltd: ((TSX.V: MON)) in 2007) encountered difficult ground conditions necessitating a change from RC to Aircore drilling causing some delay. This provided an opportunity to complete the ground radiometric survey which has now been completed with encouraging results. The Company completed the 1,971.6 line kilometre survey along east-west oriented 100m spaced lines collecting a total (non-spectral) dose reading every 10 seconds using a GF Instruments (Gamma Surveyor). The results are illustrated in figure 1 and identify discrete anomalous zones within a larger 7.5km by 2.5km area of elevated dose. The discrete anomalies are up to 4-5 km in length and seem to surround the Minjingu phosphate Mine Lease where uranium mineralisation is known to occur.
Gladiator Resources Ltd. | www.gladiatorresources.net | ASX: GLA
4/91 William Street | Melbourne VIC | T: +61 3 8611 5333
ASX Announcement
4 March 2022
personal use only | |
For | Figure 1 - The new Minjingu ground radiometric data. |
The priority holes drilled being 21MJRC001 and 21MJRC002 are shown on figure 1 with samples dispatched to ALS Johannesburg) for analysis.
The Company has also finalised an MOU and completed discussions with Minjingu Mines and Fertilizer Limited (MMFL) who hold the adjoining Mining License on which it has actively mined Phosphate for many years. Under the terms of the MOU the companies will work together to identify mutual opportunities including the testing of historical stockpiles on MMFL's license for Uranium which is expected to bolster the opportunity at Minjingu.
www.gladiatorresources.net
ASX Announcement 4 March 2022
For personal use only
Figure 2 - Gladiator Project locations in Tanzania
Regulatory approvals still pending
The Company's acquisition of Zeus remains conditional on the granting of all necessary regulatory approvals by the Tanzanian Government and the Company is awaiting final approval by the Fair Competition Commission which is expected to be granted shortly. Until received and the Company's acquisition of Zeus is completed, the Company is assisting Zeus financially by way of a secured loan to undertake works at Minjingu in the North and to finalise planning for its principal project at Mkuju in the South, expected to commence at the end of the wet season. The Company has already appointed three directors to the Zeus board and will increase its direct involvement once final approvals are received and the acquisition completes with an expected focus over the balance of 2022 on the Mkuju Uranium project in Southern Tanzania.
-ENDS-
www.gladiatorresources.net
ASX Announcement 4 March 2022
For personal use only
Released with the authority of the Board.
For further information please visit: www.gladiatorresources.net
contact:
Ian Hastings | Andrew Draffin | Mark Flynn |
Chairman | Company Secretary | Investor Relations |
ian@tomiknominees.com.au | adraffin@dwaccounting.com.au | mark.flynn@gladiatorresources.net |
+61 408 581 022 | +61 3 8611 5333 | +61 416 068 733 |
Competent Person's Statement
Information in this "ASX Announcement" relating to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves has been compiled by Mr Andrew Pedley who is a member in good standing with the South African Council for Natural Scientific Professions (SACNASP). Mr Pedley is an Associate with the MSA Group of Johannesburg who are providing consulting services to Gladiator Resources Ltd. Mr Pedley has sufficient experience that is relevant to the types of deposits being explored for and qualifies as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code 2012 Edition). Mr Pedley consents to the inclusion in this document of the matters based on the information in the form and context in which it appears. Mr Pedley does not currently hold any securities in the company, either directly or indirectly.
About Gladiator Resources
Gladiator is an ASX listed (ASX: GLA) exploration and mining company with a focus on gold and uranium.
The Company was recently granted seven exploration licenses covering over 1,764km2 of highly prospective exploration tenements located in Tanzania, East Africa.
Gladiator also has three gold projects in Australia including Marymia located in Western Australia and Rutherglen and Bendoc which are each located in Victoria.
All the Company's projects are located in areas that have experienced significant exploration attention and investment whilst also recording highly encouraging results. Victoria, in particular, is currently experiencing a revival in exploration and production which is attracting significant investment attention both domestically and abroad. The Company's primary focus is to advance its current portfolio of projects whilst also evaluating other opportunities that are complimentary.
www.gladiatorresources.net
ASX Announcement 4 March 2022
For personal use only
JORC Code, 2012 Edition - Table 1
Sampling Techniques and Data
Criteria | JORC Code explanation | Commentary | |
Sampling | • Nature and quality of sampling (e.g., cut channels, | ||
techniques | random chips, or specific specialised industry | • No physical samples were collected. The data is | |
standard measurement tools appropriate to the | geophysical, collected using a handheld device whilst | ||
minerals under investigation, such as down hole | walking in the field. | ||
gamma sondes, or handheld XRF instruments, | • The position and dose were stored digitally and | ||
etc). These examples should not be taken as | transferred to PCs daily using Gamma Surveyor | ||
limiting the broad meaning of sampling. | Transfer software. | ||
• Include reference to measures taken to ensure | |||
sample representivity and the appropriate | |||
calibration of any measurement tools or systems | |||
used. | |||
• Aspects of the determination of mineralisation that | |||
are Material to the Public Report. | |||
• In cases where 'industry standard' work has been | |||
done this would be relatively simple (e.g., 'reverse | |||
circulation drilling was used to obtain 1 m samples | |||
from which 3 kg was pulverised to produce a 30 g | |||
charge for fire assay'). In other cases, more | |||
explanation may be required, such as where there | |||
is coarse gold that has inherent sampling | |||
problems. Unusual commodities or mineralisation | |||
types (e.g., submarine nodules) may warrant | |||
disclosure of detailed information. | |||
Drilling | • Drill type (e.g., core, reverse circulation, open-hole | • No drilling activities were undertaken | |
techniques | hammer, rotary air blast, auger, Bangka, sonic, | ||
etc) and details (e.g., core diameter, triple or | |||
standard tube, depth of diamond tails, face- | |||
sampling bit or other type, whether core is oriented | |||
and if so, by what method, etc). | |||
Drill sample | • Method of recording and assessing core and chip | • No drilling activities were undertaken | |
recovery | sample recoveries and results assessed. | ||
• Measures taken to maximise sample recovery and | |||
ensure representative nature of the samples. | |||
• Whether a relationship exists between sample | |||
recovery and grade and whether sample bias may | |||
have occurred due to preferential loss/gain of | |||
fine/coarse material. | |||
Logging | • Whether core and chip samples have | been | • No drilling activities were undertaken |
geologically and geotechnically logged to a level of | |||
detail to support appropriate Mineral Resource | |||
estimation, mining studies and metallurgical | |||
studies. | |||
• Whether logging is qualitative or quantitative in | |||
nature. Core (or costean, channel, | etc) | ||
photography. | |||
• The total length and percentage of the relevant | |||
intersections logged. | |||
Sub-sampling | • If core, whether cut or sawn and whether quarter, | • No chemical assays were undertaken | |
techniques and | half or all core taken. | ||
sample | • If non-core, whether riffled, tube sampled, rotary | ||
preparation | split, etc and whether sampled wet or dry. |
• For all sample types, the nature, quality and appropriateness of the sample preparation technique.
• Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.
• Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.
• Whether sample sizes are appropriate to the grain size of the material being sampled.
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Gladiator Resources Limited published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 22:41:47 UTC.