Drilling for copper in Canada's Yukon and hitting bonus gold

Gladiator Metals Corp. (TSX-V: GLAD)(OTC: GDTRF) — currently trading around C$0.38 per share — has announced initial assays for 6 holes from its ongoing 10,000-meter program at the Middle Chief prospect at its flagship Whitehorse copper-dominant project in Yukon Territory, Canada.

Historically, the past-producing (~330M lbs Cu) project was only assayed for copper, making this the first time in the project’s history where drill core is being systematically assayed for other metals credits such as gold, silver, and molybdenum.  

Highlights from this initial batch of 6 holes include:

  • 22 meters of 1.41% Cu and 0.28 g/t Au from 208 meters
  • 16 meters of 1.29% Cu and 0.61 g/t Au from 249 meters
  • 10 meters of 1.35% Cu and 0.51 g/t Au from 196 meters

project map

Gladiator Metals CEO Jason Bontempo commented on the initial batch of assays from Middle Chief via press release:

“Gladiator has received initial assays from its ongoing 10,000m diamond drill program at the Middle Chief prospect area. These results confirm and support the significant widths of high-grade copper skarn mineralization identified from Gladiator’s data compilation of historical datasets at Middle Chief and point to further extensions of the defined mineralized bodies. Mineralization remains open in all directions with some holes finishing in high-grade copper-gold mineralization. The significant gold assays coincident with high-grade copper mineralization identified in these initial assay results point to the significant upside potential of the Middle Chief prospect area with the historic drilling only assaying for copper.”

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Building on these positive results, and with mineralization remaining open in all directions, the Gladiator team is now testing the Big Chief prospect located 200 meters to the northwest of Middle Chief with multiple holes newly collared into magnetite-altered skarn mineralization with assays pending. 

Drilling in this general target area is expected to continue over the next 3 months. 

Additionally, and just south of Middle Chief/Big Chief, Gladiator has added a second rig to the Cub Trend prospect (see above image) where 5,000 meters are underway. 

The Gladiator team reports seeing good geological continuity in drone magnetics along multiple high-mag targets in areas of the Cub Trend prospect where there has been zero historical drilling along strike.

With drone-mag survey results and historical datasets in hand, and with drilling underway via two rigs at multiple targets, the Gladiator team is focused on mapping out a much larger and broader mineralized system that underpins the area, potentially linking those prospects on a macro scale with linkage to the nearby Cowley Park prospect located just to the east.

Those prospects also include Arctic Chief, which comprises a 2.5-km-long unmined trend of sporadic drilling and near-surface workings. Gladiator anticipates putting 10,000 meters of drilling into the Arctic Chief prospect to test for geological continuity and to determine the depth-extent of copper-gold mineralization in between those areas of past workings. 

Overall, 2024 is shaping up to be a very busy and potentially transformative year for Gladiator Metals by way of the drill-bit:

  • Middle Chief/Big Chief Prospects: 10,000 meters underway via one rig
  • Cub Trend Prospect: 5,000 meters underway via one rig
  • Arctic Chief Prospect: Currently permitted for 10,000 meters

With an unwavering focus on resource growth via the drill-bit — and with ~C$5 million in the treasury as of February of this year — Gladiator Metals should have plenty of news flow over the coming months with which to potentially move the needle.

For more on Vancouver-based Gladiator Metals Corp., please contact the company’s IR department at info@gladiatormetals.com.

Visit the Gladiator Metals corporate website and sign up to receive updates directly from the company here

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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