Gladiator Assays 10.8m at 4.31% CuEq Within
Gladiator Assays 10.8m at 4.31% CuEq Within
45m at 1.76% CuEq and Drills 8m @ 3.72%
CuEq Within 109.77m @ 1.05% CuEq at Cowley
Park
Highlights
Gladiator has completed a further 32 diamond drill holes for 5,623m at the Cowley Park Prospect
("Cowley Park") on the Whitehorse Copper Belt, targeting extensions to high-grade Copper Skarn
mineralization.
Assay results have now been received for four shallow holes. Results include:
CPG-035:
8m @ 2.57% Cu and 0.15% Mo
(3.72% CuEq)
from 8m plus
14m @ 1.31%
Cu
(1.57% CuEq)
from 72m
within 109.77m @ 0.77% Cu (1.05% CuEq) from 4.23m
CPG-032:
30m @ 1.48% Cu and 0.13% Mo
(1.72% CuEq)
from 56m
within 48m @
1.08% Cu (1.72% CuEq)
from 38m
CPG-031:
8m @ 1.48% Cu and 0.13% Mo (2.40% CuEq)
from 87m
within 52m @
0.74% Cu
(1.08% CuEq)
from 77m
CPG-034:
6m @ 2.42% (3.15% CuEq)
from 9m
within 14m @ 1.22% Cu (1.60% CuEq)
from 7m
In addition, recent sampling of previously unassayed or partially assayed historical drill core from
Cowley Park completed prior to the current diamond drill campaign returned significant intervals:
CP-140:
10.80m @ 3.64% Cu (4.31% CuEq)
from 35.2m within
45m @ 1.36% Cu (1.76%
CuEq)
from 29m
CP-145:
38m @ 1.10% Cu (1.61% CuEq)
from 23m
CP-147:
11.90m @ 1.05% Cu (1.13% CuEq)
from 60.85m
CP-150
: 17.18m @ 1.00% Cu (1.25% CuEq)
from 86.94m and
9m @ 1.05% Cu (1.59%
CuEq)
from 112m
Copper and molybdenum mineralization at Cowley Park remains open along strike and
down dip in all directions.
These assay results continue to demonstrate the continuity of near
surface, high grade copper mineralization at Cowley Park and support the economic potential of
complimentary co products to copper mineralization including molybdenum, gold and silver.
This drilling is part of Gladiators dual strategy of advancing Cowley Park towards resource
definition and targeting the upside potential of the known mineralization. Gladiator looks forward to
updating the market with results from the remaining 28 completed drill holes in the coming weeks.
Gladiator CEO Jason Bontempo commented:
"Assay results returned continue to define the near surface continuity and scale of high-grade copper
skarn mineralization at Cowley Park. These assay results also importantly provide further definition to
the potentially significant coincident molybdenum-gold and silver mineralization which materially
increases the potential value where credits can be applied.
Assay results include 4 holes that are the first from Gladiator's recently completed campaign of 32
holes for 5,623m at Cowley Park are part of Gladiator's fully funded 13,000m summer drilling
campaign testing exploration targets and extensions to zones of known, high-grade, copper-skarn
mineralization to demonstrate the near-term resource potential of our lead prospects including Cowley
Park, Arctic Chief, Best Chance and the Cub trend.
I look forward to reporting the remainder of the assays from Cowley Park in the coming weeks."
*Copper Equivalent (CuEq) was based on the following assumed metal prices on the 1
st
October 2024
of $US 9.983 tonne Cu, $US2,662 Oz Au, $US31.00 Oz Ag & $US47,598 t Mo. Recovery is assumed to
be 100% as no metallurgical test work has been completed. The equation used to CuEq is stated within
the QAQC Section of this release.
___________________________
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) -
Gladiator Metals Corp.
(TSXV:
GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
") is pleased to provide an update
on exploration activities at the Whitehorse Copper Project. Where 32 Diamond drillholes (CPG-031 -
062) for 5,623m of drilling have now been completed at the Cowley Park prospect with assay results
returned from the first 4 holes (refer Table 1 for details). Drilling was designed to target both confirmation
of the resource potential and the exploration upside of the near surface high-grade copper skarn
mineralization at Cowley Park.
Assay results from the first of 4 of a total of 32 holes (535m's total) drilled by Gladiator include:
CPG-031:
8m @ 1.48% Cu and 0.13% Mo (2.40% CuEq)
from 87m
within 52m @ 0.74% Cu
(1.08% CuEq)
from 77m
CPG-032:
30m @ 1.48% Cu and 0.13% Mo
(1.72% CuEq)
from 56m
within 48m @ 1.08% Cu
(1.72% CuEq)
from 38m
CPG-034:
6m @ 2.42% (3.15% CuEq)
from 9m
within 14m @ 1.22% Cu (1.60% CuEq) from
7m
CPG-035:
8m @ 2.57% Cu and 0.15% Mo
(3.72% CuEq)
from 8m plus
14m @ 1.31% Cu
(1.57% CuEq)
from 72m
within 109.77m @ 0.77% Cu (1.05% CuEq) from 4.23m
These early assays results are from a continuous section line completed across the mineralized body,
reducing drill spacing to approximately 35m between holes (Figures 1 & 2) to assess the prospect
ahead of resource delineation drilling planned for 2025. Assays continue to show broad widths of near
surface copper (+/-molybdenum-gold and silver) mineralization envelopes containing discrete and
continuous higher grade (>1% Cu) zones of mineralization.
Assays are anticipated from a further four holes on the same section line in the coming weeks. These
holes targeted the flattening of the granite-skarn contact, which is the primary control on copper
mineralization, to the south. Results pending.
Although these results have yet to have been received, results returned recently from the sampling of
historical hole CP-150 (including
17.18m @ 1.0% Cu
(1.25% CuEq)
from 86.94m
and 9m @ 1.05%
Cu
(1.59% CuEq)
from 112m) provides confidence that mineralization will extend beyond the currently
drilled area.
Figure 1: Section A-A' through the Cowley Park prospect looking 280
o
showing all Gladiator drilling
and all recently returned assay results and interpreted granite-skarn boundary. Section A-A' is marked
on Figure 2 for reference.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/225429_1ff15e72c4fc7a81_002full.jpg
In addition, Gladiator completed further sampling of unassayed or partially assayed historical drill core
from Cowley Park in preparation for the diamond drill campaign, sampling and assaying returned
significant results that were previously unannounced, including:
CP-140:
10.80m @ 3.64% Cu (4.31% CuEq)
from 35.2m within
45m @ 1.36% Cu (1.76%
CuEq)
from 29m.
CP-145:
38m @ 1.10% Cu (1.61% CuEq)
from 23m
CP-147:
11.90m @ 1.05% Cu (1.13% CuEq)
from 60.85m
CP-150
: 17.18m @ 1.00% Cu (1.25% CuEq)
from 86.94m and
9m @ 1.05% Cu (1.59%
CuEq)
from 112m
These results provide further context and confidence for Gladiators future drilling campaigns at Cowley
Park.
Figure 2: Plan map of Cowley Park over LIDAR DTM. Gladiator drill collars colored by sum Cu% x
Length (m), historical collars marked. Drill results subject to this release highlighted only.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/225429_1ff15e72c4fc7a81_003full.jpg
Hole ID
Depth
East
North
Dip
Azim
Note
From
To
Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(ppm)
CuPCM
(Cu*
Int)
CuEq
(+
Mo)
Remarks
CPG-031
165.20
505,950
6,715,424
-65
6
31.00
35.00
4
1.24
0.06
11.25
18
4.97
1.41
Plus
77.00
129.00
52
0.74
0.09
4.07
473
38.60
1.08
Incl.
87.00
101.00
14
1.14
0.18
6.7
924
16.02
1.80
Or
87.00
95.00
8
1.48
0.23
8.5
1,347
11.83
2.40
CPG-032
118.87
505,958
6,715,448
-45
10
38.00
86.00
48
1.08
0.15
6.18
951
51.61
1.72
56.00
86.00
30
1.48
0.21
8.39
1,308
44.43
2.37
CPG-033
201.17
506,438
6,715,190
-90
0
Assays
Pending
CPG-034
124.97
505,950
6,715,520
-45
10
7.00
21.00
14
1.22
0.18
7.5
309
17.02
1.60
Incl.
9.00
15.00
6
2.42
0.35
14.8
602
14.51
3.15
CPG-035
126.49
505,947
6,715,517
-70
190
4.23
114.00
109.77
0.77
0.07
3.92
369
84.45
1.05
Incl.
8.00
16.00
8
2.57
0.3
18.17
1,482
20.57
3.72
And
34.00
44.00
10
0.92
0.09
3.72
381
9.20
1.22
And
72.00
86.00
14
1.31
0.08
4.39
305
18.38
1.57
And
108.00
112.00
4
1.36
0.06
4.8
919
5.45
1.90
Assaying on Historic Core
CP-140
125.00
505,950
6,715,468
-45
11
29
74
45
1.36
0.1
6.19
539
61.41
1.76
35.2
46
10.8
3.64
0.16
15.18
801
39.29
4.31
55.05
66
10.95
1.13
0.09
4.98
963
12.38
1.72
CP-145
77.70
506,019
6,715,451
-90
11
23.00
61.00
38
1.10
0.06
3.67
885
41.84
1.61
53.00
57.00
4
3.33
0.21
6.20
489
13.34
3.80
CP-146
94.50
506,019
6,715,451
-50
11
36.50
40.50
4
1.84
0.15
11.35
956
7.35
2.54
49.00
51.00
2
0.70
0.01
1.20
100
1.39
0.77
59.00
68.58
9.58
0.28
0.00
1.17
1,177
2.72
0.85
CP-147
131.00
506,019
6,715,451
-90
11
60.85
72.75
11.9
1.05
0.01
4.23
52
12.48
1.13
CP-150
143.30
505,932
6,715,368
-90
0
86.94
104.12
17.18
1.00
0.05
3.95
350
17.14
1.25
112.00
121.00
9
1.05
0.29
7.17
455
9.43
1.59
Table 1: Recently returned drill assay results from Cowley Park along with recently returned assays from historical core.
Copper Equivalent (CuEq) was based on the following assumed metal prices on the 1st October 2024 of $US 9.983 tonne Cu, $US2,662 Oz Au,
$US31.00 Oz Ag & $US47,598 t Mo. Recovery is assumed to be 100% as no metallurgical test work has been completed. The equation used to
CuEq is stated within the QAQC Section of this release.
Cowley Park - Drill Targeting
The recently concluded diamond drilling at Cowley Park was designed to target:
Southeastern Extension:
Mineralization remains open under cover to the south-east of existing
drilling.
Northeastern Extension:
The most north-easterly copper-skarn intercept at Cowley Park is
43.28m @ 2.24% Cu from 93.27m, including 13.72m @ 5.41% Cu (19-CP-08) with mineralization
remaining open to the east under cover.
Sub-Parallel Trends:
Additional, unexplored sub-parallel trends under cover indicated by initial
drilling including 10m @ 1.23% Cu from 204m in CPG-015.
Western Extension:
Recent mapping undertaken at Cowley Park has identified a significant fault
that may have displaced the main mineralized body on the western side, opening up significant
potential for the mineralization to extend west.
Depth Extensions:
Mineralization remains open at depth with the deepest intervals drilled to
date, including 14.33m @ 1.22% Cu from 130.15m (18-CP-03) including 5m @ 2.78% Cu,
remaining open at depth.
Recently identified
near surface chargeability anomalies identified from Induced
Polarization (IP)
surveys conducted at Cowley Park. These new chargeability anomalies may
represent untested copper sulphide bodies.
Gladiator looks forward to updating the market in the coming weeks with results from a further 28
diamond holes (5,088m) completed and submitted to the laboratory for assay.
Exploration Strategy
The recently completed drilling at Cowley Park (5,623m) formed part of a planned 13,000m, summer
drilling campaign targeting high-grade copper skarns throughout the Whitehorse Copper Belt by way of:
1-Advancing to resource definition at:
Cowley Resource Target:
3,000m. Establish initial drilling framework for Inferred Resource
drilling at the Cowley Park Prospect.
Chiefs Trend Resource Target:
1,500m. Highlight further high-grade, near-term Copper
resource potential by testing Southern Target area.
2 - Exploration drilling at: Arctic Chief:
2,500m. Highlight continuity of high-grade near surface
copper and gold mineralisation for future resource drilling.
Best Chance:
1,500m. First drill test of outcropping high-grade, magnetite-copper skarn
mineralisation and test continuity of mineralisation between target and Arctic Chief.
Cowley Exploration:
2,000m. Targeting upside potential for further copper-skarn mineralisation
at Cowley Park.
Cub Trend Exploration:
2,500m. Highlight continuity of high-grade, near surface, copper and
gold mineralisation for future resource drilling.
Drilling will be complemented by planned geophysical programs including Induced Polarization
(ongoing), Electromagnetic and Magnetic surveys to help refine drill targeting in the prospect areas and
highlight undiscovered areas of exploration potential.
QA / QC
Where Copper Equivalents have been stated, Assumptions of the pricing are referenced in the tabulated
results and recovery is assumed to be 100% as no metallurgical data is available. 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.
Digital Marketing Agreement
Gladiator further reports that it has entered into an agreement with Machai Capital Inc. ("Machai") dated
October 2nd, 2024, pursuant to which Machai will provide a digital marketing campaign. The term of the
agreement is for three months for a total retainer of $150,000 plus GST, to be paid as services are
provided and invoiced against marketing campaign spend.
Under the agreement, Machai will execute a comprehensive digital media marketing campaign for the
company commencing in October, including branding, content creation and data optimization services,
including search engine optimization, search engine marketing, lead generation, digital marketing,
social media marketing, e-mail marketing and brand marketing.
Machai is a marketing, advertising and public awareness firm based out of Vancouver, B.C.,
specializing in advertising and public awareness in the metals and mining, technology, and special-
situation sectors. Machai and its principal, Suneal Sandhu, are arm's length to Gladiator and hold no
interest, directly or indirectly, in the securities of Gladiator or any right to acquire such an interest (Mr.
Sandhu can be reached at
). The engagement of Machai is subject to the
approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
"
Jason Bontempo
"
Jason Bontempo
CEO
For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
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
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/225429