GLADIATOR METALS CORP. HISTORICAL DRILL RESULTS - ARCTIC CHIEF PROSPECT: Historical drill intersections at Arctic Chief external to the previously mined areas includes mineralization that remains open both along strike and at depth, with best results including:
AC-015: 17.1m @ 1.52% Cu from 26.49m
AC-013: 13.35m @ 1.42% Cu from 20.85m
AC-051: 6.79m @ 3.14% Cu Fr 80.47m
AC-035: 6.71m @ 2.24% Cu Fr 29.44m
RECENT MAPPING AND CONFIRMATORY ROCK CHIP RESULTS - ARCTIC CHIEF PROSPECT
Geological continuity of outcropping high-grade copper and gold mineralization in the wider area surrounding Arctic Chief has been established by recent field mapping and rock chip results where mineralization remains open both along strike and at depth at all of the defined prospect areas and include: 13.3% Cu and 5.53g/t Au (H678364 - 110m Nth of
Only limited exploration has been completed to date away from identified mineralization in the wider Arctic Chief Prospect area, providing Gladiator with an opportunity to consolidate multiple target areas through ongoing regional mapping, sampling and geophysical programs aimed at further refining drill targets in the area.
Historical drilling completed by the operator was selectively sampled for high-grade copper only. Given the high-grade gold reported in recent rock chipping results (up to 10.10 g/t Au - Sample H678301), Gladiator intends to assay all future drilling and sampling for additional credits including gold, silver and molybdenum which were proven contributors to the economics of historic operations.
Gladiator CEO,
'Field crews are still active in the Whitehorse Copper belt with regional scale mapping, sampling and geophysical programs taking place in the summer months. We look forward to updating the market in the coming months with results from this regional exploration, further data compilation of historic drilling, assays from previously unlogged and unsampled core as well news from Gladiators planned 4,000m diamond drill campaign at
The Arctic Chief Prospect
Arctic Chief comprises two shallow open cut pits (
Previous successful exploitation of the Arctic Chief prospect was limited in scope and remains shallow. Very limited drilling has been undertaken outside of these past producing deposits with mineralization remaining open both along strike and at depth at all of the defined prospect areas.
The Company recently completed collating historic drilling, completed a LIDAR survey and undertaken reconnaissance, prospecting and sampling of outcropping Cu-Au skarn mineralization proximal to the Arctic Chief mining pits.
The recently collated historic drilling (56 holes for 6,819 metres) none of which had been previously reported by the Company, identified significant mineralization that has been exploited by mining and further mineralization that remains unmined and extends along strike from the historic pits. Significant 'downhole mineralization' includes:
Holes were drilled at various dips on variable, prospect specific, nominal grids. Gladiator obtained the drill records and logs from the
Rock Chip Sampling
Rock chip samples are collected and identified by the Company's Geologists who are undertaking regional mapping and sampling throughout the Company's Tenure. Rock chip samples are selectively taken from observed outcrops, subcrops and float material as determined relevant by the geologist. Samples are geologically logged, recorded with a sampling ticket that matches the submitted sample and located by Handheld GPS (+/- 5m accuracy). The samples are then sent for analysis. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence on an ad-hoc basis. All samples were submitted to the
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 Au-AA25 (30g Fire Assay -
Rock Chip Sampling results are relevant as a guide to plan future exploration and drilling programs and are not necessarily representative of mineralization throughout the prospect as they are highly selective by nature. 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.
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 (
The Project is accessible through with numerous access roads and trails located within 2 km of the
In
Contact:
Tel: +1-604-653-9464
Email: dzinger@gladiatormetals.com
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in
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.
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