Gladiator Announces Significant Copper Skarn Mineralization Intersected at Best Chance
Gladiator Announces Significant Copper Skarn
Mineralization Intersected at Best Chance
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) -
Gladiator Metals Corp.
(TSXV:
GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
") is pleased to provide an update
on the progress of its planned 13,000m drilling programme at the Whitehorse Copper Project. Planned
drilling has now been completed at the Best Chance, Arctic Chief & Cowley Park Prospects, with the rig
currently drilling at Cub trend. The rig is planned to complete drilling shortly at Cub Trend before
relocating back to Cowley Park to follow up on recent successful drilling
announced 3
rd
of October,
2024
.
Gladiator completed a scout drill programme on the 10
th
October (7 holes for 1,295m) at the Best
Chance prospect, where broad widths of mineralized skarn were intersected in holes ACG-007 &
ACG-007D2, these holes are to be submitted for assaying this week.
Drilling recently relocated to the Cub trend, where the Company completed 5 lines of an Induced
Polarisation Survey (IP) over the Black Cub and Gem prospects focused on:
Extensions to the open cut pit at Black Cub South, and previously unmined mineralization
less than 150 metres to the north and northeast of the historic Black Cub South pit where
historic drilling returned 30.51m @ 1.2% Cu from 22.16m (BC-015)
Mineralization identified in historic drilling at Gem, including 16.61m @ 2.59% Cu from
76.05m (G-011) and 24.99m @ 1.4% Cu from 23.93m
Gladiator looks forward to continuing updating the market with assay results from recent drilling at
Cowley Park (28 holes), Arctic Chief and Best Chance in the coming weeks. The Company has
accelerated the cutting and processing of diamond core from Best Chance.
Drilling is part of Gladiator's dual strategy of advancing Cowley Park toward resource definition
and targeting the upside potential of the known mineralization. Gladiator looks forward to updating
the market with results from the remaining 28 of 32 completed drill holes in the coming weeks.
Gladiator CEO, Jason Bontempo commented
:
"Our maiden drill programs at Best Chance and Arctic Chief to date are showing broad widths of skarn
mineralization which continue to validate the prospectivity of the 35km long Whitehorse Copper Belt,
delivering multiple prospects for potential future resource growth. We now look forward to assay results
to help plan much anticipated follow-up drill programs at the Best Chance and Arctic Chief prospects."
Figure 1: Whitehorse Copper Project - Prospect Locations.
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ABOUT GLADIATOR METALS
Gladiator Metals Corp. is a Canadian high grade copper mineral exploration company focused on the
advancement of the Whitehorse Copper Project (the "Project"), a previously producing 35km strike high-
grade, near-surface copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn belt in Yukon,
Canada.
Previously producing 35
km strike skarn copper belt.
Targeting Significant
high-grade copper resources.
Focused on multiple advanced
near-surface, high-grade copper prospects
.
Under-explored territory
; highly leveraged to further exploration and discovery.
Existing
road access
,
hydro power
,
rail transport
and local labour.
Multiple high-grade prospects along the 35km long Whitehorse Copper belt which runs along the
western margin of Whitehorse, Yukon, providing a major infrastructure advantage.
The most advanced copper prospects include:
Cowley Park - Cornerstone prospect, 300+ holes historic and current drilled:
High-grade copper-
molybdenum mineralization over ~700 m strike, 1.5% - 2%+ average grades, broad widths, open in all
directions;
Chiefs Trend (Middle Chief & Little Chief):
Shallow, high-grade copper-gold mineralization;
Arctic Chief Trend (including Best Chance and Grafter):
Prospective high-grade zones of copper-
gold mineralization; and
Cub Trend (including Gem, Keewenaw, Black Cub South):
High-grade copper mineralization
identified.
Gladiator Metals Corp current shares on Issue: 60m (73m fully diluted) and fully funded with $8m in cash.
QA / QC
Where Copper Equivalents have been stated, Assumptions of the pricing are referenced in the tabulated
results and determined grade equivalents as ratios take reasonable assumptions for recovery from a
similar deposit-type into account.
The following equation was used to calculate copper equivalence:
Copper Equivalent (CuEq) = ((Cu% * CuPrice 1% Per Tonne) + (Au (g/t) x (AuPrice/31.105)) + (Ag (g/t)
x (AgPrice/31.105)) +(Mo% * MoPrice 1% Per Tonne)) / CuPrice 1% Per Tonne
Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes
were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were being
subsequently surveyed utilising a high-accuracy RTK DGPS system.
Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the
core, recording core recovery, and Geotech measurements such as RQD's and taking core
photographs.
Based on the geological logging, core is then marked up for sampling with a new sampling ticket that
matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in
half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for
analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs)
or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25
samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).
As part of the processing and capturing of the previously unassayed drill core, Gladiator is undertaking a
systematic review of the available drill core after being retrieved from storage. This includes a review of
the geological logging, marking up of lineal length of the core, undertaking a comparison of the physical
ticketed sampling against historic documentation where noted, remarking any notations on the core box
(including hole number, box number and nominal depths) and taking core photographs.
After the systematic review, if the core is required to be sampled or resampled where it is deemed to not
match the historical record of the hole, it is then marked up for sampling with a new sampling ticket that
matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in
half (for un-cut core) or quartered (for resampled core where required) utilizing a core saw equipped with
a diamond saw blade. The core samples are then sent for analysis and the remaining half (or quarter
core) retained for future reference. Certified Reference Materials (CRMs) or known blank material is
placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the
laboratory. Samples are 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 ME-ICP61 (Aqua Regia with
ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish).
As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the
core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current
required standards under reporting instruments, such as NI-43-101. At this point, Gladiator 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.
As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the
core and analysis for any future requirements if deemed acceptable. Further drilling will need to be
completed by Gladiator at some stage to confirm the reliability or usability of this data in the future
including but not limited to twinning of reported mineralization. This may be required as Gladiator may
not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to
confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required
standards under reporting instruments, such as NI-43-101. At this point the Company is treating 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.
In reference to historic drill results reported in this news release from the Company's data compilation
exercise, these results 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 currently do not conform
to 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. Please refer to the Company's
previous news releases regarding Cowley Park for further details.
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
CEO
For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
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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
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The Company's forward-looking statements and information are based on the assumptions, beliefs,
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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.
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