Drills continue to hit high-grade copper-gold in Canada's Yukon

Gladiator Metals Corp. (TSX-V: GLAD)(OTC: GDTRF) — currently trading around C$0.42 per share in a rising copper market — has intersected additional high-grade copper-gold from its ongoing drill program at the flagship Whitehorse copper project in Yukon Territory, Canada. 

The assays are from the Chiefs Trend where a 10,000-meter drill program is underway. 

Highlights include:

  • Hole LCG-009: 11 meters @ 1.67% Cu and 0.63 g/t Au from 194 meters
  • Hole LCG-009D1: 20.44 meters @ 2.17% Cu and 0.34 g/t Au from 221.6 meters to EOH
  • Hole LCG-009D2: 8.7 meters @ 2.06% Cu and 0.13 g/t Au from 167 meters

Gladiator Metals Little Chief map

Drill results to-date continue to confirm continuity of high-grade copper-skarn mineralization at the Chiefs Trend (600 meters of strike; open in all directions) with assays received for 20 holes for 3,581 meters of drilling.

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Gladiator Metals CEO Jason Bontempo commented on the latest batch of assays from the Chiefs Trend via press release:

“Gladiator has received further assays from its ongoing, 10,000m diamond drill program at the Chiefs Trend. These results confirm and support the significant widths of high-grade copper skarn mineralization identified from Gladiator’s data compilation of historical datasets 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. These results continue to confirm the extent of unmined mineralization and highlight the near-term, high-grade copper resource potential of the Chiefs Trend. Initial step out drilling on the Chiefs Trend, 200m to the north of Middle Chief has also encountered significant widths and grades of copper mineralization pointing to the exploration potential of the trend which is being followed up by ongoing drilling.”

Importantly, historical drilling at the Chiefs Trend prospects was selectively sampled for copper only. Given the recent significant gold intervals returned from these initial assays, the GLAD team intends to assay all future drilling and sampling for additional metals credits — including gold, silver, and molybdenum — which were proven significant contributors to the economics of historical operations at Little Chief.

Mr. Bontempo added:

“The significant gold assays coincident with high-grade copper mineralization identified in these initial assay results point to the upside potential of the Chiefs Trend with the historic drilling only assaying for copper.” 

The ongoing program follows a recently completed campaign of 8,000 meters at the Cowley Park prospect, which confirmed the continuity of shallow, copper-molybdenum skarn mineralization over approximately 800 meters.  

The Middle Chief prospect is located just to the north of the past-producing Little Chief Mine, which boasts historical production of over 8 million tonnes grading 1.5% copper and 0.75 grams per tonne gold and is regarded as the largest historically producing mine in the Whitehorse Copper Belt. Little Chief was closed in 1982 due to the low copper prices at that time. 

Gladiator Metals Whitehorse map

Gladiator has also completed its previously announced drone magnetic survey wherein magnetic anomalism is now reported over 500 meters at Middle Chief extending into Big Chief. The company plans to use that data in conjunction with Down-Hole Electromagnetic (DHEM) data in the delineation of future drill targets at Middle Chief/Big Chief.

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Looking ahead, speculators can continue to expect steady news flow from Gladiator over the coming quarters as it expands exploration and drilling activities at the flagship, Tier-1-hosted project. 

With copper trading firmly above US$4.50 per pound and poised to head even higher, our own Gerardo Del Real of Junior Resource Monthly sat down with Gladiator Metals president Marcus Harden to discuss the most recent batch of assays along with the strategy being deployed to demonstrate the scale potential at Whitehorse. Please enjoy! 

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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