Exploration to Commence at the Arctic Chief Trend
Exploration to Commence at the Arctic Chief
Trend
Highlights
Class 1 Exploration Notification submitted for 10,000 metres of diamond drilling, scheduled to
commence mid-November 2023 at the Arctic Chief Trend
Scheduled Drilling will focus on multiple drill ready, shallow, targets over 2.4km strike on the Arctic
Chief trend which include the Arctic Chief, Best Chance, Verona, Grafter and Empress of India
prospects
The Arctic Chief trend includes the
Best Chance prospect
where mineralization remains open
along strike and at depth from unreleased and unmined historical drill intersections, best results
include:
BCH-024:
15.94m @ 3.19% Cu from 29.96m
BCH-010:
10.36m @ 2.56% Cu from 93.09m
BCH-023:
46.27m @ 1.0% Cu from 24.38m
BCH-022:
16m @ 1.6% Cu from 25.15m
BCH-029:
14.94m @ 1.75% Cu from 27.43m
The second drilling campaign at Cowley Park is ongoing with almost 3,500 metres completed and
is scheduled to complete early November for a total of 4,200 metres , assays pending.
Gladiator CEO, Jason Bontempo commented:
"The Arctic Chief Trend continues to develop as a significant exploration opportunity with outcropping
copper-gold skarn mineralization now mapped by Gladiator extending for at least 2.4km of strike and
external to past historical operations.
Previous successful exploitation of the Arctic Chief Trend was very limited in scope and depth, with
only minor amounts of drilling being undertaken outside of the past production area. Mineralization
remains open in all directions (along strike and at depth) at all of the defined prospect areas.
Regional programs are still active in the Whitehorse Copper belt with the results of ongoing drone
borne magnetics anticipated shortly".
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) -
Gladiator Metals Corp.
(TSXV:
GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
"), provides an update on current
drilling, planned drilling & ongoing regional field mapping and data compilation within the historically
producing Whitehorse Copper Project.
Figure 1: Plan map of the Whitehorse Copper Project showing geology and location of key prospects
with the newly defined Arctic Chief trend highlighted within the main trend please refer to the
Company's news releases dated February 13, 2023; April 3, 2023; and July 31, 2023 for details.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_002full.jpg
The Arctic Chief Trend
The Company has recently completed collating historic drilling, completed a LIDAR survey and
undertaken reconnaissance prospecting and sampling of outcropping Cu-Au skarn mineralization
proximal to the Arctic Chief mining pits. This work has identified multiple prospect areas over more than
2.4km of strike that remains open in all directions (refer to Figure 2 below).
Figure 2: Plan map of the Arctic Chief Area with recently identified copper-gold skarn targets
identified. Recently collated historical drill results with a cumulative Copper%*m of >40 highlighted. In
addition, all recent surface rock chipping completed by Gladiator geologists as part of the summer
exploration campaign is shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_003full.jpg
At the Arctic Chief prospect, two historic shallow open cut pits (East & West) that are less than ~40m
deep exploited very high-grade ore near surface ~4km to the NW of the Historic Little Chief Mine &
Processing Facility. According to Watson (1984)
1
,
"Arctic Chief reported production totaling 202,000
tonnes of copper ore grading 1.4% Cu and 1.0 g/t gold
".
1
https://data.geology.gov.yk.ca/Reference/42011#InfoTab
(
Watson 1984 - "
The Whitehorse Copper Belt - A Compilation". )
In addition to the historic Arctic Chief prospect, four additional high priority prospects have been
identified withing the 2.4km of mineralized strike. These include:
Best Chance Prospect:
Recently collated historic drilling (51 holes for 5,038 metres) none of which had been previously reported
by the Company, highlight significant mineralization that remains unmined and extends over more than
250m with mineralization remaining open along strike and at depth. Downhole mineralization includes:
BCH-024: 15.94m @ 3.19% Cu from 29.96m
BCH-022: 16m @ 1.6% Cu from 25.15m
BCH-029: 14.94m @ 1.75% Cu from 27.43m
BCH-023: 46.27m @ 1.0% Cu from 24.38m
BCH-010: 20.18m @ 1.5% Cu from 88.51m including 10.36m @ 2.56% Cu from 93.09m
BCH-006: 51.66m @ 0.67% Cu from 12.13m
BCH-037: 17.07m @ 1.5% Cu from 74.37m
In conjunction to the historic drill data compilation, Gladiator undertook reconnaissance, investigation
and sampling of outcropping mineralization proximal to historic drilling. Sampling identified multiple
zones of outcropping mineralization in the Best Chance prospect area with results including:
Outcropping skarn mineralization 150m to the north of the drill area. Rock chips include:
8.12% Cu and 0.2g/t Au (H678262)
2.39% Cu (H678263 - No Au assay)
Outcropping skarn mineralization 150m to the south of the drill area. Rock chips include:
3.15% Cu and 3.5g/t Au (H678352)
Verona Prospect:
Undrilled high-grade copper and gold mineralization 400m to the NE of two small open cut mining pits
located at Arctic Chief historic mining area defined by rock chipping with results including:
6.02% Cu and 0.3g/t Au (H678347)
3.86% Cu and 1g/t Au (H678349)
2.55% Cu and 0.1g/t Au (H678453)
Grafter Prospect:
Undrilled high-grade copper and gold mineralization defined by rock chipping around small, historic
underground workings 200m to the West of the Best Chance prospect area with results including:
12% Cu and 4.4g/t Au (H678356)
4.09% Cu and 3.8g/t Au (H678310)
Empress of India Prospect:
Undrilled high-grade copper and gold mineralization defined by rock chipping of multiple zones over
more than 400m of strike with results including:
23.7% Cu and 0.1g/t Au (H678385)
13.4% Cu and 0.3g/t Au (H678332)
12.95% Cu and 0.1g/t Au (H678332)
Arctic Chief Prospect:
The results above over the various prospects comprising the Arctic Chief trend are in addition to a
previously announced data compilation completed at Artic Chief Prospect (News release dated 31 July
2023) which included (refer to Figure 3 for locations):
Unmined Intersections:
AC-015:
17.1m @ 1.52% Cu from 26.49m
AC-013:
13.35m @ 1.42% Cu from 20.85m
AC-051:
6.79m @ 3.14% Cu Fr 80.47m
AC-035:
6.71m @ 2.24% Cu Fr 29.44m
Mined Intersections:
XAC-001 21.33m @ 1.48% Cu from 6.1m
XAC-002: 8.43m @ 2.31% Cu from 37.75m
XAC-004: 30.48m @ 1.83% Cu from 15.24m
AC-002:
21.03m @ 3.95% Cu
from 21.34m
including 9.75m @ 7.81% Cu
from 29.87m
AC-009:
23.17m @ 1.10% Cu
from 19.2m
AC-010:
27.09m @ 1.49% Cu
from 23.2m
including 9.96m @ 3.18% Cu
from 40.33m
AC-022:
11.34m @ 2.06% Cu
from 35.72m
AC-026:
14.2m @ 1.8% Cu
from 22.04m,
including 7.62m @ 3.01% Cu from 23.56m
Previous successful exploitation of the Arctic Chief Trend was limited in scope and remains shallow with
very limited drilling completed outside of the past producing area, with mineralization remaining open
both along strike and at depth.
Mineralization has been identified by Gladiator from historical drill records, reconnaissance & rock chip
sampling that has identified significant potential for mineralization external to the small open cuts along
strike and at depth (figure 3).
Figure 3: Plan map of the Arctic Chief Prospect Target Area. Recently collated historical drill results
with a cumulative Copper%*m of >40 highlighted. In addition, all recent surface rock chipping
completed by Gladiator geologists as part of the summer exploration campaign is shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_004full.jpg
Historical drilling was selectively sampled for copper only. Given the high-grade gold values reported in
recent rock chipping results (up to 19.9 g/t Au - Sample H678440), Gladiator intends to assay all future
drilling and sampling for additional credits including gold, silver and molybdenum which were proven
contributors to the economics of historic operations.
Holes were drilled at various dips on variable, prospect specific, nominal grids. Gladiator obtained the
drill records and logs from the Yukon Geological Survey archives and have captured the data within an
industry standard database.
A complete list of the collated historic drilling noted above, including hole location, azimuth and dip can
be accessed at:
https://docs.google.com/spreadsheets/d/1PxqggUeUaR5X0MjNWToGq4S44mVnQ3MjnWPIM4RamlY/edit#gid=1892461326
In addition, a complete list of rock chip sampling by Gladiator Metals, including location and generalized
geology can be found at:
https://docs.google.com/spreadsheets/d/1PxqggUeUaR5X0MjNWToGq4S44mVnQ3MjnWPIM4RamlY/edit#gid=788939843
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 Jurassic Lewes River Group's clastic and carbonate metasediments. Cumulatively, there is
more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper
±molybdenum +silver + gold.
Gladiator's position is enhanced at Whitehorse, with the project having near year-round access for work
programs, including an established road and drill access network, low capital infrastructure requirements
due to the project's proximity to Whitehorse and a strong partnership with the owners of the Whitehorse
Copper Project, an experienced local drilling service provider.
QA / QC and Data Verification
The drill results reported in this news release are historical in nature. Gladiator has not undertaken any
independent investigation, nor has it independently analyzed the results of the historical exploration work
in order to verify the results.
The Company believes that the historical drill results do not conform
to the presently accepted industry standards.
Gladiator considers these historical drill results
relevant as the Company will use this data as a guide to plan future exploration and drilling programs.
The Company also considers the data to be reliable for these purposes, however, the Company's future
exploration work will include verification of the data through drilling. The Company has provided drill
results derived form the compilation of historic data relating to prospects which were mined or partially
mined by prior operators. The Company is using this data as it attempts to identify trends within the
prospect areas. The Company expects to use this data as a guide to plan future exploration and drilling
programs.
The historical mineral resources discussed in this press release were calculated using mining industry
standard practices for estimating Mineral Resource and Mineral Reserves prior to the implementation of
the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on
Mineral Resources and Mineral Reserves dated May 10, 2014). The reader is cautioned not to treat
them, or any part of them, as current mineral resources or reserves. An independent Qualified Person
('QP'), has not done sufficient work to classify the estimate discussed as current mineral resources or
reserves and therefore the estimate should be treated as historical in nature and not current mineral
resources or mineral reserves. The historical resources have been included simply to demonstrate the
mineral potential of the Whitehorse Copper Project. A thorough review of all historical data performed by
a QP, along with additional exploration work to confirm results, would be required in order to produce a
current mineral resource estimate for each of the key prospects. For greater certainty, the Company
confirms that it does not have a current mineral resource on any part of its Whitehorse Copper Project.
Rock Chip Sampling
Rock chip samples are collected and identified by the Company's Geologists who are undertaking
regional mapping and sampling throughout the Company's Tenure. Rock chip samples are selectively
taken from observed outcrops, subcrops and float material as determined relevant by the geologist.
Samples are geologically logged, recorded with a sampling ticket that matches the submitted sample
and located by handheld GPS (+/- 5m accuracy). The samples are then sent for analysis. Certified
Reference Materials (CRMs) or known blank material is placed within the sampling sequence on an ad-
hoc basis. All samples were submitted to the ALS Global Laboratory (Canada).
Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than
85% passing 75 microns. Samples were then analysed by ALS method Au-AA25 (30g Fire Assay - Ore
Grade Au with AA finish), ME-ICP61 or ME-ICP41 (33 elements Aqua Regia with ICP-MS finish), with
over limits for Cu analysed by method CU-OG62 and Ag by Ag-OG62 (Aqua Regia with ICP-MS finish).
As part of this process, Gladiator also captures the required sampling metadata.
Rock Chip
Sampling results are relevant as a guide to plan future exploration and drilling
programs and are not necessarily representative of mineralization throughout the prospect as
they are highly selective by nature.
At this point the Company regards the data collected from this
exercise as reliable for the purposes of identifying future exploration targets and may be used to inform
future drilling and exploration campaigns.
The Whitehorse Copper Project
The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ±
gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314
contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining
District.
Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it became 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 north westerly 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 material milled (Watson, 1984).
The Project is accessible through with numerous access roads and trails located within 2 km of the
South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration
and haul roads exists throughout the project area, providing excellent access to the majority of the claim
package. Access to existing electric power facilities is available through the main Yukon power grid.
In November 2022, Gladiator executed an option agreement to acquire 100% of the Whitehorse Copper
Project by incurring exploration expenditures of $12m on the project, staged payment of $300,000 in
cash and the staged issue of 15m shares over 6 years. Following the exercise of the option, the
Company must pay the Optionor, or such other person(s) as the Optionor may direct from time to time, a
1.0% net smelter returns royalty on the Whitehorse Copper Project.
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and
approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by
NI 43-101.
ON BEHALF OF THE BOARD
"
Jason Bontempo
"
Jason Bontempo
President and CEO
For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities
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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
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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,
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the forward-looking statements or information, including, without limitation, the need for additional
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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.
The Company's forward-looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this news release, and other than as
required by applicable securities laws, the
Company
does
not
assume
any
obligation
to
update
forward-looking
statements
and
information
if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting such statements or
information.