SUMMARY
November 18, 2024, Vancouver B.C. – Gladiator Metals Corp (TSX-V: GLAD, OTC: GDTRF, FSE: ZX7) (“Gladiator” or the “Company”) is pleased to announce further results from its recent Cowley Park drill program targeting the framework for resource definition and exploration upside. Drill hole CPG-047, the final hole completed on Line 3 targeting down dip extensions to high-grade copper skarn mineralization intersected significant mineralization that remains open at depth.
Significant Intercept from CPG-047:
CPG-047 results are down dip from the recently released significant intercepts in holes CPG-045 & CPG-049:
Hole CPG-047 was designed to test for significant high-grade copper and molybdenum mineralization initially believed to be truncated by results in historic drilling1. CPG-047, in addition to CPG-045 & CPG-049 now confirms mineralization continues for over 220 metres down dip on section with mineralization occurring as a wide zone of high-grade mineralization contained within a broader mineralized skarn that is interpreted to be steep to moderately dipping (-70 degrees to the south – Figure 2). The resource potential in this area of Cowley Park remains open at depth and along strike. Assay results from an additional twenty-seven recently completed drill holes will be reported in the coming months.
Gladiator CEO, Jason Bontempo commented: “The broad width and high-grade nature of mineralization in CPG-047 improves our geological understanding of the Cowley Park Mineralization and opens the potential for further discovery of high-grade mineralization both down dip and along strike. One of our immediate priorities in January 2025 will be to re-enter CPG-018 to test for further extensions of this very high-grade copper mineralization.”
1 Refer News Release Dated 28th October “Gladiator Intersects 26m @ 3.31% Cu Within 79m @ 1.37% Cu; Expands Mineralization at Cowley Park”
COWLEY PARK DRILLING
Gladiator completed 34 diamond drill holes (CPG-031 to 064) for 6,104m (Figure 1) at Cowley Park during its late 2024 drilling. This drill program was designed to:
CPG-049 (drilled as a twin of 19-CP-04) was designed to test for significant high-grade copper and molybdenum mineralization that was truncated by historic hole “19-CP-04” that was, subsequently interpreted to be inconsistent in terms of its mineralization and geology when compared to the surrounding holes. CPG-049, supported by additional mineralization intersected in CPG-045 and CPG-047 confirms mineralization now continues for at least 220 metres from near surface down dip on Line 3 (Figure 2) and remains open at depth and along strike.
Significant Intercepts from CPG-045, CPG-047 & CPG-049:
These results at CPG-045, CPG-047 & CPG-049 confirm Gladiator’s belief that copper mineralization including molybdenum, gold and silver at Cowley Park continues near surface, is high-grade and remains open along strike and down dip in all directions with significant resource expansion opportunities both within AND outside the area of historic drilling. Results from the 27 remaining drill holes of this summer’s program are expected over the next two months.
Hole CPG-018 (drilled by Gladiator in 2023) intersected minor skarn mineralization over the last 1.6M (200.1 to 202.69m EOH). With the results of CPG-047, mineralization is now interpreted to remain open at depth, and Gladiator plans to further test the down dip potential of this zone by extending CPG-018 upon the restart of drilling in January 2025.
EXPLORATION STRATEGY
The recently completed drilling at Cowley Park (6,104m) formed part of a planned 13,000m, summer drilling campaign targeting high-grade copper skarns throughout the Whitehorse Copper Belt by way of:
1 – Advancing Cowley Park to resource definition and expansion at:
2 – Exploration drilling at:
Drilling has been complemented by planned geophysical programs including Induced Polarization (ongoing), Electromagnetic and Magnetic surveys to help refine drill targeting in the prospect areas and highlight undiscovered areas of exploration potential.
QA / QC
Drilling completed by Gladiator is irregularly spaced to test parts of the mineralized systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars are subsequently surveyed utilising a high-accuracy RTK DGPS or DeviSite system.
Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD’s and taking core photographs.
Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of at least 1 in 25 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).
As part of the processing and capturing of previously unassayed drill core, Gladiator is undertaking a systematic review of the available drill core after being retrieved from storage. This includes a review of the geological logging, marking up of lineal length of the core, undertaking a comparison of the physical ticketed sampling against historic documentation where noted, remarking any notations on the core box (including hole number, box number and nominal depths) and taking core photographs.
After the systematic review, if the core is required to be sampled or resampled where it is deemed to not match the historical record of the hole, it is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half (for un-cut core) or quartered (for resampled core where required) utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half (or quarter core) retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the laboratory. Samples are submitted to the ALS Global laboratory (Canada).
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 ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point, Gladiator 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.
As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. Further drilling will need to be completed by Gladiator at some stage to confirm the reliability or usability of this data in the future including but not limited to twinning of reported mineralization. This may be required as Gladiator may not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required standards under reporting instruments, such as NI-43-101. At this point the Company is treating 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.
In reference to historic drill results reported in this news release from the Company’s data compilation exercise, these results 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 currently do not conform to 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. Please refer to the Company’s previous news releases regarding Cowley Park for further details.
In reference to Drill Hole 19-CP-04, Gladiator considers this hole to be inconsistent with the surrounding holes and will not be utilised by the Company, unless further validation of the hole is possible.
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company’s Vice President Exploration, a “qualified person” as defined by NI 43-101.
ON BEHALF OF THE BOARD
“Jason Bontempo”
Jason Bontempo
Director and CEO
For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
ccheadle@gladiatormetals.com
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This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
