Gladiator Metals Announces Results of Maiden Drill Program at Cowley Park Copper Prospect
Gladiator Metals Announces Results of
Maiden Drill Program at Cowley Park Copper
Prospect
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2023) -
Gladiator Metals Corp.
(TSXV: GLAD)
(OTC Pink: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
") is pleased to announce the final
results from the maiden drilling campaign completed at the high-grade Cowley Park prospect ("
Cowley
Park
") that forms part of the Whitehorse Copper Project.
Gladiator has received the remaining results from all 14 holes completed in the 2,632m maiden
diamond drilling program at the Cowley Park .
All holes returned significant intercepts with
results including:
CPG-007:
8m @ 2.29% Cu and 0.15% Mo
from 95m
within 12m @ 1.72% Cu
from 93m
CPG-012:
8m @ 1.6% Cu
from 65m
within 48m @ 0.97% Cu
from 33m
Particularly encouraging is the continuity of broad widths of high-grade mineralization in
step out drilling to the south east of Cowley Park in the most easterly hole completed by
the Company, CPG-007.
These results are in addition to the previously announced results from the program including:
CPG-001:
20m @ 1.43% Cu
from 42m
within 71m @ 0.72% Cu
from 32m
CPG-002:
13m @ 1.44% Cu and 0.15% Mo
from 28m and
33m @ 1.48% Cu
from 71m
within 113m @ 0.79% Cu
CPG-003:
13.2m @ 2.26% Cu
from 22.8m
CPG-004:
10m @ 1.68% Cu
from 87m within 28m @ 0.91% Cu from 87m
CPG-006:
16m @ 2.36% Cu
from 79m
within 92m @ 0.71% Cu
from 67m
CPG-010:
26m @ 1.14% Cu
from 86m
These shallow results confirm the continuity of high-grade copper skarn mineralization at Cowley
Park with mineralization remaining open along strike and down dip in all directions.
Gladiator is advanced in planning to complete further diamond drilling in the coming weeks.
This
upcoming drilling will be aimed at testing strike and depth extensions to mineralization.
Gladiator
has over 4,000 metres of drilling remaining on its Class 1 Permit.
Results continue to reconcile positively with historic drilling in the area highlighting the potential to
improve the prospect both through systematic sampling of lower grade sections of mineralization
around the identified high-grade areas and by assaying for potential complimentary co products to
copper mineralization including molybdenum, gold and silver.
Gladiator has initiated summer field programs including regional mapping, sampling and
geophysical programs to further refine drill targets at more than 30 drill ready, high-grade regional
targets associated with copper rich skarns within the Whitehorse Copper Belt. ahead of planned
winter drill campaigns
Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper
Project with $9.5 million cash on hand (July 2023)
Gladiator CEO, Jason Bontempo commented:
"Gladiator is pleased to release the remaining results from the recently completed 2,632m maiden
diamond drill campaign and to announce that it will be recommencing diamond drilling at Cowley
Park in the coming weeks. Follow up diamond drilling will be targeting extensions to the defined high
grade mineralisation at Cowley Park.
Results from Gladiators maiden program continue to successfully define the continuity and scale of
high- grade copper mineralisation at Cowley Park as well as providing further definition to the
potentially significant coincident Molybdenum mineralisation.
Field crews are now active in the Whitehorse Copper belt with regional scale mapping, sampling and
geophysical programs taking place in the summer months. This work is designed to prioritise winter
drill targets from amongst more than thirty known occurrences of high grade copper mineralisation
already identified over more than 35 kilometers of the Whitehorse Copper belt."
Figure 1: Plan map of the advanced Cowley Park Copper Prospect showing previously released and
historical collated drill results with a cumulative Copper grade (%) intersected width (m) of >40
highlighted as well as initial significant drill intercepts from the recently completed maiden diamond
drilling campaign.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/174608_00c85d9cb400ea77_002full.jpg
Cowley Park - Maiden Drilling Campaign
Gladiators 2,632m, 14-hole maiden diamond drilling campaign was completed on May 19
th
and all
assay results from the program have now been received (please refer to Figure 1 below for details).
Significant drill intercepts from the program include:
CPG-001:
20m @ 1.43% Cu
from 42m
within 71m @ 0.72% Cu
from 32m
CPG-002:
13m @ 1.44% Cu and 0.15% Mo
from 28m and
33m @ 1.48% Cu
from 71m
within
113m @ 0.79% Cu
CPG-003:
13.2m @ 2.26% Cu
from 22.8m
CPG-004:
10m @ 1.68% Cu
from 87m within 28m @ 0.91% Cu from 87m
CPG-006:
16m @ 2.36% Cu
from 79m
within 92m @ 0.71% Cu
from 67m
CPG-007:
8m @ 2.29% Cu and 0.15% Mo
from 95m
within 12m @ 1.72% Cu
from 93m
CPG-009:
30m @ 0.65% Cu
from 100m
CPG-010:
26m @ 1.14% Cu
from 86m
CPG-012:
48m @ 0.97% Cu
from 33m including
8m @ 1.6% Cu
from 65m
CPG-014:
45m @ 0.66% Cu
from 84m
A complete list of drilling completed by Gladiator Metals, including the hole locations, drill azimuth and
dip are tabled below.
Table 1: Cowley Park Drilling - Hole details and Significant Intercepts.
HoleID
TD
East
North
Dip
Azim
Remark
From
To
Width
(m)
Cu
(%)
Au
(ppm)
Ag
(ppm)
Mo
(ppm)
Cu%
x
Int(m)
Comment
CPG-001
154.53
505,846
6,715,455
-60
6
13.69
19
5.31
0.78
0.09
5.35
26
4.12
Previously Released
Incl.
13.69
17
3.31
1.10
0.15
8.03
28
3.63
32
103
71
0.72
0.04
2.08
143
51.35
Incl.
42
62
20
1.43
0.07
3.96
254
28.68
CPG-002
182.88
505,839
6,715,412
-60
1
19
132
113
0.79
0.13
4.75
464
89.57
Previously Released
Incl.
28
41
13
1.44
0.31
10.53
1,564
18.66
And
71
104
33
1.48
0.25
8.31
404
48.89
CPG-003
134.11
505,837
6,715,492
-60
2
9
14
5
1.23
0.12
10.44
1,121
6.16
Previously Released
22.8
36
13.2
2.26
0.34
17.96
833
29.88
CPG-004
154.53
506,032
6,715,258
-60
4
87
115
28
0.91
0.10
9.13
383
25.53
Previously Released
Incl.
87
97
10
1.65
0.26
21.94
791
16.48
CPG-005
176.78
506,051
6,715,309
-60
355
100
118
18
0.33
0.01
1.23
224
6.01
CPG-006
181.36
506,197
6,715,374
-60
356
67
159
92
0.71
0.07
5.13
313
64.89
Previously Released
Incl.
67
71
4
0.80
0.07
6.35
755
3.20
And
79
137
58
0.95
0.08
7.07
367
55.05
Or
79
95
16
2.36
0.26
20.58
455
37.71
And
129
135
6
1.57
0.01
4.07
183
9.43
And
149
159
10
0.54
0.07
2.78
273
5.43
CPG-007
190.5
506,267
6,715,349
-60.5
354
84
87
3
1.13
0.20
6.93
680
3.38
Limited Sampling
Previously Released
93
105
12
1.72
0.24
12.17
987
10.33
Incl.
95
103
8
2.29
0.36
15.63
1,476
18.28
121
129
6
0.71
0.16
4.85
156
5.64
149
157
8
0.69
0.10
3.85
224
5.49
CPG-008
181.36
506,262
6,715,387
-60
349
65
77
12
0.53
0.09
4.60
825
6.38
101
109
8
0.74
0.23
5.03
355
5.91
CPG-009
240.79
506,120
6,715,340
-60
357
100
130
30
0.65
0.04
2.78
695
19.36
CPG-010
207.26
506,115
6,715,370
-60
360
86
112
26
1.14
0.02
3.09
256
29.55
Previously Released
134
146
12
0.56
0.10
3.07
384
6.71
CPG-011
190.2
506,099
6,715,400
-60
356
33
39
0
0.59
0.00
1.03
59
3.57
73
131
58
0.51
0.02
2.26
146
29.52
CPG-012
161.59
505,955
6,715,451
-60
357
33
81
48
0.97
0.10
5.81
534
46.40
Incl.
65
73
8
1.60
0.30
9.55
409
12.83
CPG-013
195.78
506,040
6,715,368
-60
9
123
131
8
0.55
0.01
1.70
223
4.40
CPG-014
280.42
505,993
6,715,305
-60
339
2.91
4.2
1.29
2.45
0.05
25.10
766
3.16
30.48
48
17.52
0.58
0.07
5.83
160
10.15
84
129
45
0.66
0.05
4.05
135
29.91
Notes on Table: All drill hole locations are recorded in NAD83 Coordinates (Zone 8N). No significant core loss was observed during the logging
and sampling within the reported drill intervals.
All intercepts that are greater than 0.5% Cu and having a minimum summed value >2, calculated
as the sum of the weighted average of Cu (%) x Interval (m) over the reported interval have been tabled.
Figure 1: Plan map of the advanced Cowley Park Copper Prospect. Recently collated historical drill
results with a cumulative Copper%*m of >40 highlighted as well as initial significant drill intercepts
from the recently completed maiden diamond drilling campaign.
Cu Mineralization Width and Continuity Confirmed
These results confirm the width and continuity of high-grade mineralization previously targeted at Cowley
Park with mineralization remaining open in all directions.
Particularly encouraging is the continuity of broad widths of high-grade mineralization in step out drilling
to the southeast of Cowley Park with
12m @ 1.72% Cu including 8m @ 2.29% Cu and 0.15% Mo
intersected in the most easterly hole, CPG-007.
Molybdenum was not systematically assayed for in the historical drilling and its observed widespread
distribution throughout the Cowley Park area during this program provides encouragement that its
inclusion in Gladiators datasets will add co-product value alongside other potentially contributing
elements including silver and gold.
The significant potential of broader lower grade mineralized envelopes surrounding the previously
identified high grade copper mineralization that was the subject of historical exploration continues to be
highlighted by recent results with intervals of
8m @ 16% Cu within 48m @ 0.97% Cu
in hole CPG-
012.
As a result recently completed drilling compares favorably to historical results and highlights the potential
for Gladiator to significantly enhance the potential tonnage of future resources at Cowley Park through
systematic targeting and sampling of lower grade envelopes to the high grade mineralization.
A complete list of the compiled holes from Cowley Park drilled by prior operators and their significant
intercepts and details can be found at:
https://docs.google.com/spreadsheets/d/1mn25VTZ5DSvCH-
NfXUYRnCmB6WxwWVE5NVYMdYKd41U/edit#gid=1204953821
Exploration Update
The Company's exploration Program at the Whitehorse Copper Project for 2023 is categorized into five
parts including;
1
.
In addition to the Company's recently completed maiden, 2,632m diamond drilling program a
further 2,000m is in an advanced planning stage, that is scheduled to commence during August.
Gladiator has a further ~4,300 metres of drilling it can complete under its currently approved Class
1 Permit. Cowley Park had reached feasibility stage before historical Copper mining operations
were shut down in 1982. Identified mineralisation at Cowley remains open along strike and down
dip.
2
.
In addition to the Company's own diamond drilling, Gladiator will continue its program of logging
and assaying approximately 10,000 metres of unassayed core from exploration drilling completed
in recent years by prior operators. The 10,000 metres of core mostly relates to drilling at Cowley
Park but also includes drilling at other prospect areas including North Star, Grafters and Verona
which are situated in the Best Chance to North Star trend and includes the former Little Chief Mine.
3
.
Gladiator will also assay for molybdenum, gold, silver and other elements which were not
historically systematically assayed for, along with incorporating potentially lower grade mineralised
material within or adjacent to significant mineralised widths that was often not sampled in the past
to allow for future assessment of modern bulk mining potential.
4
.
The Company is also carrying out a systematic consolidation of the historic drilling and mining
activity
representing the first time a comprehensive review of regional datasets has been
undertaken since the last mining activity in the region ceased in 1982 with the closure of the
Little Chief mine.
Gladiator to date has identified over 800 historical surface drill holes drilled by
Hudson Bay Mining & Smelting Co Ltd., Yankee Hat Minerals Ltd., Lobo Del Norte Ltd and the
Vendor H.Coyne & Sons Ltd which were logged and selectively assayed. This includes 219 holes
for approximately 25,000 metres completed at the Cowley Park Prospect which were reported to
the market on April 3
rd
. As compilation and digitisation is completed the Company will release the
results of this historical drilling by prospect area along the Whitehorse Copper belt.
5
.
Gladiator has initiated summer field programs including regional mapping, sampling and
geophysical programs to further refine drill targets at more than 30, drill ready, high-grade regional
targets associated with copper rich skarns within the Whitehorse Copper Belt. ahead of planned
winter drill campaigns.
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 (refer to Figure 3 below).
Figure 3: Plan map of the Whitehorse Copper Project showing geology and location of key prospects
within the main trend please refer to
Company's news releases dated February 13 2023 and April 3,
2023
for details.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/174608_00c85d9cb400ea77_004full.jpg
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
Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes
were generally drilled at -60 degrees towards true north and the holes were directionally surveyed
utilising a North Seeking Gyro direction tool, At the completion of drilling, drill collars are 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 photographs the drill
core (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 20
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 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 Company through its qualified person, has undertaken data verification processes in connection
with its maiden drill program.
The Company through the use of it's industry based database software
system (Plexer) and 3D modelling software packages undertakes data verification and logic and code
checks, checks the completeness and accuracy of the recorded data with the company perfoming
random checks on the merged assay results against the lab assay certificates. The data is then
reviewed once it has passed all logical checks and graphically displayed prior to being accepted and
marked as "Finalised" within the database.
The Company is unaware of any drilling, sampling,
recovery, or other factors that could materially affect the accuracy or reliability of the data
referred to in this news release.
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 Company's news
releases dated February 13, 2023, April 3, 2023 and April 27 2023 for further details.
Marketing Services
Gladiator is pleased to announce that it has entered into an agreement with Outside The Box Capital Inc.
("Outside the Box") to provide marketing and distribution services to the Company, which include
assisting in communicating information about Gladiator through social media and assisting Gladiator
with outreach to new communities and potential investors.
Outside the Box has been engaged by
Gladiator for an initial period of six months. Outside the Box will receive fees for the services of
$100,000, with $34,000 due upon signing, $33,000 due after 60 days and $33,000 due after 120 days.
The fees will be payable from Gladiator's available working capital. Outside the Box is at arm's length to
Gladiator and will not receive shares or options as compensation, It currently does not own any securities
of Gladiator. The Agreement is subject to the approval of the TSX Venture Exchange. Outside the Box is
a Toronto based marketing company that specializes in social media platforms and will be able to
facilitate greater awareness and widespread dissemination of the Company's news into these channels.
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 (the "
Option
") 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,
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
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/174608