Gladiator Metals Intersects Copper in Maiden Drill Campaign at Cowley Park
Gladiator Metals Intersects Copper in Maiden
Drill Campaign at Cowley Park
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2023) -
Gladiator Metals Corp.
(TSXV: GLAD)
(OTC Pink: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
") is pleased to announce initial results
from its maiden drilling campaign at the Cowley Park prospect at the Whitehorse Copper Project.
Gladiator has completed a 2,632m maiden diamond drilling program at the Cowley Park prospect
("Cowley Park") and has received initial assays results from the first 7 of 14 holes.
All holes returned significant intercepts confirming the width and continuity of
mineralization previously targeted at Cowley Park with mineralization remaining open in all
directions, with results including:
CPG-006:
16m @ 2.36% Cu
from 79m
within
92m @ 0.71% Cu
from 67m
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-001:
20m @ 1.43% Cu
from 42m
within 71m @ 0.72% Cu
from 32m
CPG-004:
10m @ 1.68% Cu
from 87m within 28m @ 0.91% Cu from 87m
CPG-010:
26m @ 1.14% Cu
from 86m
These shallow results confirm the continuity of copper skarn mineralization at Cowley Park as well
as highlighting the potential for a larger mineralized envelope, not previously considered, or tested
by previous operators.
Importantly, these assay results highlight the previously unrecognized potential of the endoskarn
copper mineralization at Cowley Park which has not been systematically targeted or assayed in
historic drilling.
Multi Element Assays confirms high grade coincident Molybdenum
.
The recent assay results also
highlight significant zones of molybdenum mineralization coincident with the copper mineralization.
Copper mineralization remains open along strike and down dip in all directions at Cowley Park.
The Company is advanced in its planning to complete a further 2,000 m of diamond drilling based
on initial observations from diamond core drilled to date.
This program will be aimed at testing
strike and depth extensions to mineralization providing Gladiator with a better understanding of the
identified parts of the mineralized system where limited or no assaying was undertaken within the
historical drilling.
Gladiator CEO, Jason Bontempo commented:
"Gladiator is pleased to announce initial results from the recently completed 2,632m maiden diamond
drill campaign. These results highlight the rapid progress Gladiator has made in the first three months
since acquiring the rights to the Whitehorse Copper Project and is testament to the hard work of the
team on the ground.
"Results from Gladiators sampling continues to define the continuity and scale of copper
mineralisation at Cowley Park as well as providing further definition to the potentially significant
coincident Molybdenum mineralisation. The broad widths of mineralisation, surrounding the higher-
grade intervals were not typically assayed by previous operators and Gladiator believes that these
have significant potential.
"The recent drilling has also identified significant widths and grades of copper mineralisation within
the endoskarn which was not previously targeted by previous operators.
"As well as updating the market in the coming weeks with the remainder of the assays from the
maiden diamond drill campaign Gladiator has already begun planning for follow up diamond drilling
which will be targeting extensions to historically defined mineralisation at Cowley Park. We also look
forward to announcing results from the remainder of our data compilation of historic drilling as well as
further assays from previously unlogged and unsampled core."
Cowley Park - Maiden Drilling Campaign
Gladiators 2632m, 14-hole maiden diamond drilling campaign was completed on May 19
th
and initial
assay results from the program have now been received for seven of the holes (please refer to Figure 1
below for details). Significant drill intercepts include:
CPG-006:
16m @ 2.36% Cu
from 79m
within
92m @ 0.71% Cu
from 67m
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-001:
20m @ 1.43% Cu
from 42m
within 71m @ 0.72% Cu
from 32m
CPG-004:
10m @ 1.68% Cu
from 87m within 28m @ 0.91% Cu from 87m
CPG-010:
26m @ 1.14% Cu
from 86m
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 & Significant Intercepts
HoleID
East
North
RL
TD
Dip
Azimuth
Comment
From
TO
Interval
Cu
(%)
Au
(ppm)
Ag
(ppm)
Mo
(ppm)
Cu% *
Int(m)
Remarks
CPG-
001
505,846
6,715,455
764
155
-60
6
13.69
19
5.31
0.78
0.09
5.35
26
4.12
Including
13.69
17
3.31
1.1
0.15
8.03
28
3.63
And
32
103
71
0.72
0.04
2.08
143
51.35
Including
42
62
20
1.43
0.07
3.96
254
28.68
CPG-
002
505,839
6,715,412
765
183
-60
1
19
132
113
0.79
0.13
4.75
464
89.57
Including
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
505,837
6,715,492
763
134
-60
2
9
14
5
1.23
0.12
10.44
1,121
6.16
And
22.8
36
13.2
2.26
0.34
17.96
833
29.88
CPG-
004
506,032
6,715,258
753
155
-60
4
87
115
28
0.91
0.1
9.13
383
25.53
Including
87
97
10
1.65
0.26
21.94
791
16.48
CPG-
005
506,051
6,715,309
757
177
-60
355
Assay
Not
Received
CPG-
006
506,197
6,715,374
757
181
-60
356
67
159
92
0.71
0.07
5.13
313
64.89
Including
67
71
4
0.8
0.07
6.35
755
3.2
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
506,267
6,715,349
752
191
-61
354
84
87
3
1.13
0.2
6.93
680
3.38
Assays
Received
from 61
to 89m
CPG-
008
506,262
6,715,387
755
181
-60
349
65
77
12
0.53
0.09
4.6
825
6.38
And
101
109
8
0.74
0.23
5.03
355
5.91
CPG-
009
506,120
6,715,340
758
241
-60
357
Assay
Not
Received
CPG-
010
506,115
6,715,370
759
207
-60
360
86
112
26
1.14
0.02
3.09
256
29.55
And
134
146
12
0.56
0.1
3.07
384
6.71
CPG-
011
506,099
6,715,400
761
190
-60
356
Assay
Not
Received
CPG-
012
505,955
6,715,451
765
162
-60
357
Assay
Not
Received
CPG-
013
506,040
6,715,368
761
196
-60
9
Assay
Not
Received
CPG-
014
505,993
6,715,305
758
280
-60
339
Assay
Not
Received
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. Previously released (historicql)
collated 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.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/168732_b069d459347e7b6d_003full.jpg
Cu Mineralization Width and Grade Confirmed
These results confirm the width and continuity of mineralization previously targeted at Cowley Park with
mineralization remaining open in all directions. Results such as 16m @ 2.36% Cu in CPG-006 and
13.2m @ 2.26% Cu in CPG-003 compare favorably to previously announced historical drill intercepts
(refer Company's news releases dated February 13 2023, April 3, 2023 and May 15 2023) such as:
CP-003: 16.76m @ 2.27% Cu from Surface
CP-053: 27.7m @ 2.74% Cu from 8.69m, Including 7.83m @ 8.34% Cu from 23.93m
CP-119: 36.27m @ 2.28% Cu from 72.24m
CP-125: 23.32m @ 3.53% Cu from 51.51m
19-CP-08: 43.28m @ 2.24% Cu from 93.27m
As a result, recently completed drilling compares favorably to previous (historical) results and highlights
the potential for Gladiator to significantly enhance Cowley Park through systematic targeting and
sampling of lower grade envelopes to the high-grade mineralization. Figure 2 below shows a recently
completed cross section at Cowley Park comparing the extent of recent and historic sampling and drill
intercepts and contrasting the widths of recently returned assays with those of previous (historic) drilling
campaigns.
Figure 2: Section A-A' through drillholes CPG-001, 002 and 003 in comparison to previous (historic)
historical drilling intercepts on the same section. Section A-A' is marked on Figure 1 for reference.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/168732_b069d459347e7b6d_004full.jpg
In addition, Figure 2 highlights the previously underrepresented potential of endoskarn copper
mineralization hosted within the granodiorite intrusion. This style of mineralization has not been
systematically targeted or assayed in historic drilling.
New results from the recently completed drilling campaign demonstrates the potential for this style of
mineralization. This has become evident when current drilling is compared against selectively assayed
historical drilling in neighboring holes. For example, recently completed drill hole CPG-002 returned
113m @ 0.79% Cu from 19m, compared against historic drill hole CP-039 that returned 62.49m @
0.65% cu from 42.67m.
Multi Element Assays confirms high grade coincident Molybdenum
The recent assay results also highlight significant zones of molybdenum mineralization coincident with
the copper mineralization. Significant intervals from recently completed drilling includes:
CPG-002:
13m @ 1.44% Cu and 0.15% Mo
from 28m
CPG-003: 5m @ 1.23% Cu and 0.11% Mo from 9m
These results are supported by recently announced results from Gladiators multi-element sampling
program of previously unassayed core at Cowley Park with results including (refer Company's news
releases dated February 13, 2023, April 3, 2023 and May 15 2023):
19-CP-01:
10.54m @ 1.87% Cu, 0.16% Mo
19-CP-01:
19.81m @ 1.19% Cu, 0.13% Mo
19-CP-05:
27m @ 0.68% Cu and 0.23% Mo
from 97m
Molybdenum was not systematically assayed for in the historical drilling and Gladiator intends to add co-
product value to the project through the inclusion of this and other potentially contributing elements
including silver and gold.
A complete list of the compiled historic drill holes from Cowley Park 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
three parts which includes:
1
.
The Company has recently completed its maiden 2,632m diamond drilling program and a further
2000m is in an advanced planning stage, scheduled to commence in July. Identified mineralisation
at Cowley remains open along strike and down dip.
2
.
In addition to the Company's own diamond drilling above, Gladiator will continue its program of
logging and assaying approximately 10,000 metres of unassayed core from exploration drilling
completed in recent years. 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 assayed 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,
2023. As compilation and digitisation is completed the Company will release
the results of this historical drilling by prospect area along the Whitehorse Copper belt.
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
and historic drill intercepts 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/1930/168732_b069d459347e7b6d_005full.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, lower 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.
Data Verification and QA / QC
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. On completion of drilling drill collars are 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 20
samples to monitor the laboratory. Samples are submitted to the ALS Global laboratory (Whitehorse YT)
which is independent of Gladiator.
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. Gladiator believes that this current QA/QC regime meets
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 or utilised in future resource
calculations.
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.
ABOUT GLADIATOR METALS CORP.
Gladiator Metals Corp. is a mineral exploration company focused on the advancement of multiple high-
grade copper prospects at its Whitehorse Copper Project (the "Project"), an advanced-stage copper
(Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory,
Canada. The Project 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 came 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 northwesterly 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 skarn ore were milled (Watson, 1984).
The Project is accessible through 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 expenditure 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