The Cub Trend
The Cub trend consists of multiple prospects identified from historical drilling, small-scale mining operations and outcropping skarn mineralization over more than 1km of strike. Individual prospects include Gem, Black Cub South, Black Cub North and Keewenaw with the shallow, high-grade Black Cub South and Keewenaw open pits mined historically.
The Gem prospect at the northern extent of the Cub Trend was discovered in 1967 by geophysical methods which guided the initial diamond drilling and, although the defined mineralization was pre-stripped, the area was never put into production.
Gladiator has compiled historic drilling at the Cub Trend (refer to NR
At the previously mined prospects (Keewenaw and Black Cub South), it is assumed by the Company (due to the closely spaced drilling) that the limited and very shallow mineralization identified by historic drilling has been predominantly mined out. Notwithstanding this, these historical results combined with ongoing interpretation of the drone-borne magnetic survey, represent an opportunity to demonstrate the geological continuity and identify a much larger and broader mineralized system that underpins the area, potentially linking these prospects on a macro scale with linkage to the nearby
Previous historic mining of the Keewenaw and Black Cub South prospects was limited in scope, size and depth, confined to the historic drill extents. Very limited historic drilling was undertaken outside of these past producing deposits that were primarily exploited to fill a production gap whilst the
In addition, preliminary results from Gladiator's ongoing drone magnetic survey have identified multiple undrilled target areas associated with high magnetic responses along strike of previously defined mineralization and a large magnetic low (Keewenaw) that is interpreted as magnetite destruction associated with endoskarn mineralization.
The compilation of historic drilling data at the Cub trend identified significant 'downhole mineralization' previously reported by Company (NR
Gem (Unmined): G-011: 16.61m @ 2.59% Cu from 76.05m
G-018: 24.99m @ 1.4% Cu from 23.93m
Keewenaw (Partially Mined): K-004: 39.62m @ 1.56% Cu from 40.54m
K-005: 55.47m @ 1.26% Cu from 37.49m
K-006: 57.91m @ 0.93% Cu from 10.67m
K-013: 19.05m @ 2.83% Cu from 18.9m
K-019: 23.47m @ 2.91% Cu from 41.76m
K-020: 74.98m @ 1.51% Cu from surface
Black Cub South (Partially Mined): BLC-008: 34.75m @ 1.65% Cu from 8.84m
BLC-024: 17.83m @ 2.27% Cu from 9.48m
Compiled historical drilling data is limited to selective sampling and assaying for copper only. Gladiator intends to assay all future drilling and sampling for additional credits including Molybdenum, Silver and Gold which were proven contributors to the economics of historic operations.
Holes were drilled at various dips on variable, prospect specific, nominal grids. Gladiator obtained the drill records and logs from the
The drill results reported in this news release 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 do not conform to the 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. The Company has provided drill results derived form the compilation of historic data relating to prospects which were mined or partially mined by prior operators. The Company is using this data as it attempts to identify trends within the prospect areas. The Company expects to use this data as a guide to plan future exploration and drilling programs.
The historical mineral resources discussed in this press release were calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Mineral Reserves dated
In addition to drilling at Middle Chief, Gladiator is currently completing a high-resolution drone borne aeromagnetic survey over the Little Chief area. On completion, Gladiator plans to have the magnetics processed and a three-dimensional inversion model completed within the next month. This is of significant importance given that mineralization previously exploited along the Little Chief trend is associated with magnetite enriched skarns and is able to be directly targeted from its magnetic signature.
Only preliminary data from this ongoing survey has been received by the company (presented herein) and has been used to drive drill planning for the 5,000m of diamond drilling that has commenced at the Cub Trend.
Work completed to date, including the review of the aeromagnetic data received 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
QA / QC and Data Verification
The drill results reported in this news release from the
The historical mineral resources discussed in this press release were calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Mineral Reserves dated
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
Contact:
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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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