“We are 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.”
Vancouver, BC, October 16, 2024 – World Shares Information – Sponsored content material disseminated on behalf of Gladiator Metals. On October 3, 2024 Gladiator Metals Corp. (TSX-V: GLAD) (OTC: GDTRF) (FSE: ZX7) reported assay outcomes from the primary 4 holes of a 32-hole drill program totalling 5,623 meters at its Whitehorse Copper Challenge in Yukon, Canada.
“These four holes represent the first 500 meters of our current program,” geologist and Gladiator President Marcus Harden informed Man Bennett, the CEO of World Shares Information (GSN).
“Our first objective is to build confidence in our geological model at Cowley Park,” continued Harden. “We’re doing that by drilling four sections spaced around 150 meters apart directly through the known body of mineralization.”
“The second objective is to push the boundaries of that model, testing exploration theories. We are going to find out how big this copper prospect is.”
“Assay results continue to define the near surface continuity and scale of high-grade copper skarn mineralization at Cowley Park,” said Gladiator CEO Jason Bontempo within the October 3, 2024 launch.
“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.”
“We are 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.”
Determine 1: Part A-A’ by way of the Cowley Park prospect trying 280o exhibiting all Gladiator drilling and all not too long ago returned assay outcomes and interpreted granite-skarn boundary.
“The White Horse Copper Project was a producing mine from 1967-1982, operated by Hud Bay,” Harden informed GSN. “They extracted 10.5 million tons at around 1.5% copper and almost a gram per ton of gold. The mine was shut down in 1982 when copper was trading at sixty-eight cents per pound.”
Along side the 4 new holes, Gladiator launched assay outcomes from untested Cowley Park historic drill core.
The not too long ago concluded diamond drilling at Cowley Park was designed to focus on:
- Southeastern Extension: Mineralization stays open underneath cowl to the south-east of present drilling.
- Northeastern Extension: Essentially the most north-easterly copper-skarn intercept at Cowley Park is 43.28m @ 2.24% Cu from 93.27m, together with 13.72m @ 5.41% Cu (19-CP-08) with mineralization remaining open to the east underneath cowl.
- Sub-Parallel Tendencies: Further, unexplored sub-parallel traits underneath cowl indicated by preliminary drilling together with 10m @ 1.23% Cu from 204m in CPG-015.
- Western Extension: Current mapping undertaken at Cowley Park has recognized a big fault that will have displaced the principle mineralized physique on the western aspect, opening up vital potential for the mineralization to increase west.
Exploration Technique
1-Advancing to useful resource definition at:
- Cowley Useful resource Goal: 3,000m. Set up preliminary drilling framework for Inferred Useful resource drilling on the Cowley Park Prospect.
- Chiefs Pattern Useful resource Goal: 1,500m. Spotlight additional high-grade, near-term Copper useful resource potential by testing Southern Goal space.
2 – Exploration drilling at: Arctic Chief: 2,500m. Spotlight continuity of high-grade close to floor copper and gold mineralisation for future useful resource drilling.
- Finest Probability: 1,500m. First drill take a look at of outcropping high-grade, magnetite-copper skarn mineralisation and take a look at continuity of mineralisation between goal and Arctic Chief.
- Cowley Exploration: 2,000m. Focusing on upside potential for additional copper-skarn mineralisation at Cowley Park.
- Cub Pattern Exploration: 2,500m. Spotlight continuity of high-grade, close to floor, copper and gold mineralisation for future useful resource drilling.
On September 6, 2024 Marcus Harden, President of Gladiator Metals spoke with CEO.ca’s Rachel Lee to debate the drill program at Cowley Park and the corporate’s wider aims.
“We picked up the project a year ago,” Harden informed Lee. “It’s been a forensic exercise, putting back together the historic data. We were pleased to find some advanced targets that have been drilled by Hud Bay, sometimes down to 12 X 12 meter spacing. We regard them as advanced resource-ready prospects.”
“Cowley Park is the current lead, but we have another target called Little Chief, which was the previous area of historical production,” continued Harden. “It produced 8.5 of the 10.5 million tons that came out of the district. In the last days of production, Hud Bay discovered an ore body just to the north, called Middle Chief.”
“Drilling at Middle Chief defined some broad widths, up to 43 meters of 3.1% copper. That’s with no co-products, despite gold being a significant credit at the time of production. We’re looking to do some step out drilling, see if there’s a larger target that we can be put into resource status.”
A 2015 report by the Prospectors & Builders Affiliation of Canada estimated Northern Canada distant drilling prices (initiatives > 50 km from provide route) to be $460/meter. With inflation operating scorching, the 2024 value is projected to be considerably increased, as much as $1,000/meter.
Gladiator’s undertaking is a 20-minute drive from Whitehorse, Yukon (pop. 30,000). An assay lab is located on the fringe of GLAD’s tenements. It takes half-hour to mobilize a drill rig to the positioning. There isn’t a want for a piece camp. Geologists and drill crews sometimes sleep in their very own beds in Whitehorse at evening.
“We budgeted $300/meter for the current drill program at Cowley,” Harden informed GSN. “The costs are coming in lower, at around $250/meter, which includes labour, rig and assays. We currently have $9 million cash in the bank. Our proximity to drill rigs, machinery and skilled labour allows us to drill more meters within a fixed budget.”
“Gladiator Metals is the first company to apply modern techniques to this project,” continued Harden. “Hud Bay had Cowley ranked for near term production, but they never mined it. We inherited a compact data set, with attractive targets. There has been no depletion of metal inventory. We consider Cowley to be resource ready. We’re drilling relatively shallow holes to bring the resource into modern compliance.”
Gladiator will replace the market within the coming weeks with outcomes from an extra 28 diamond holes (5,088m) accomplished and submitted to the laboratory for assay.
All scientific and technical info on this information launch has been ready or reviewed and authorised by Kell Nielsen, the Firm’s Vice President Exploration, a “qualified person” as outlined by NI 43-101.
Contact: man.bennett@globalstocksnews.com
Disclaimer: Gladiator Metals paid World Shares Information (GSN) $1,500 for the analysis, writing and dissemination of this content material.
Full Disclaimer: GSN researches and fact-checks diligently, however we cannot guarantee our publications are free from error. Investing in publicly traded shares is speculative and carries a excessive diploma of threat. GSN publications might include forward-looking statements reminiscent of “project,” “anticipate,” “expect,” that are based mostly on cheap expectations, however these statements are imperfect predictors of future occasions. When compensation has been paid to GSN, the quantity and nature of the compensation will likely be disclosed clearly.
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The publish Gladiator Metals HitsBroad Widths of Close to Floor Copper Mineralization within the Yukon appeared on King Newswire. It’s supplied by a third-party content material supplier. King Newswire makes no warranties or representations in reference to it.
