Mike Fagan,
Editor
June 6, 2024
Gladiator Metals Corp. (TSX-V: GLAD)(OTC: GDTRF) — currently trading around C$0.44 per share — has received results from a high-definition drone-borne aeromagnetic survey completed over the Whitehorse Copper Belt, resulting in the identification of new target areas and highlighting potential extensions to known mineralization.
The recently completed survey is part of the company’s ongoing advancement of the flagship, past-producing (~330 million lbs Cu) Whitehorse Copper Project in Canada’s Yukon Territory.
With five main prospects mapped out, and with historical drill datasets in hand, Gladiator is on-track for upward of 30,000 meters of drilling for full-year 2024 across multiple prospects with a primary objective of ranking targets and building resources (copper, gold, silver, molybdenum) for a forthcoming Mineral Resource Estimate.
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An initial survey review has identified significant new target areas (along strike of historical mining operations at the Cowley Park and Cub Trend deposits) associated with high magnetic responses.
Those results have driven Gladiator to stake an additional 54 sq km of claims, bringing the total area of the Whitehorse Copper Project to 133 sq km.
Gladiator Metals CEO Jason Bontempo commented on the survey results via press release:
“With historical, economic discoveries of copper mineralization in the Whitehorse area largely driven by outcropping occurrences, this first-time survey of its size, coverage and latest technology was designed to explore prospective sections of geology for magnetite-copper skarns hidden under thin cover. Given the high magnetic response of previously identified bodies of magnetite-copper skarn mineralization, Gladiator is confident that this survey can act as a direct detection tool for further zones of high-grade copper mineralization. Multiple, new, undrilled magnetic anomalies have been identified by the survey indicating the extensive new discovery potential of high-grade copper in the Whitehorse Copper Project area. Gladiator’s field crews are now active, on the ground, following up on these identified anomalies and we look forward to updating the market on the developing target areas ahead of drilling later this year.”
Field work consisting of geological mapping, rock chipping, and soil sampling is underway with ground-based geophysics (IP and EM) to commence shortly ahead of a planned drill program slated for Q3 2024.
Already, Gladiator has identified 30 copper-magnetite skarn targets within a 35 km x 5 km area, many of which outcrop at surface, giving the GLAD team a wide array of high-priority targets as it executes the first modern exploration and drilling at Whitehorse in some 40-plus years.
Part of the recent property expansion at Whitehorse includes 55 newly-staked claims encompassing the Jackson copper-skarn prospect, which covers more than 6 km of strike with outcropping magnetite-copper skarn mineralization indicated from mapping and rock chipping at multiple targets. Historical drilling at the prospect has returned values as high as 5.61% copper, 1.03 grams per tonne gold, and 247 grams per tonne silver over 6 meters.
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With field crews on the ground at multiple target areas, speculators can anticipate a steady stream of news flow from Gladiator over the coming months, particularly as drilling gets underway in the coming quarter.
With copper in a confirmed bull market as we head toward the second half of the year, our own Gerardo Del Real of Junior Resource Monthly caught up with Gladiator Metals president Marcus Harden to discuss the expansion of high-priority targets at Whitehorse ahead of drilling. 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
Editor, Resource Stock Digest