Gladiator Recommences Drilling and Provides Exploration Plan

In This Article:

Highlights

  • Gladiator has recommenced drilling high-grade copper skarn targets at the Chiefs trend, Whitehorse Copper Belt.

  • This drilling constitutes the first holes of Gladiator's planned Phase 1, 13,000m, summer drilling campaign targeting high-grade copper skarns throughout the Whitehorse Copper Belt with the dual strategy of:

1) Advancing to resource definition at:

2) Exploration Drilling at:

Gladiator is fully funded for the aforementioned drilling campaign with $10m cash on hand following the recent successful closing of a $9m financing.

Gladiator CEO, Jason Bontempo commented:

"Following the successful closing of the Company's $9m private placement, Gladiator is now fully funded for its Phase 1, 13,000m summer drilling campaign which will be testing exploration targets and extensions to the known areas of mineralisation to demonstrate the near-term resource potential of lead prospect areas including Cowley Park, Arctic Chief, Best Chance and the Cub trend."

"We have recently recommenced drilling at the Chiefs trend following up recently reported high grade copper assays where mineralisation remains open in all directions with some holes finishing in high grade copper-gold mineralization."

"Next, we will move to our recently permitted Arctic Chief prospect for our maiden drilling campaign to test high-grade near surface copper and gold mineralisation. Hudbay historically mined small tonnages of high-grade outcropping skarn mineralisation at Arctic Chief but did not drill test for size and extension."

Vancouver, British Columbia--(Newsfile Corp. - July 17, 2024) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company"), following the successful conclusion of its $9 million financing, provides an update on its exploration strategy and activities at the Whitehorse Copper Project. Drilling has now commenced targeting significant widths of unmined, copper-gold skarns at the southern strike extent of the historic Chiefs trend.

Exploration Strategy

Gladiator's planned Phase 1, 13,000m, summer drilling campaign will be targeting high-grade copper skarns throughout the Whitehorse Copper Belt with the dual strategy of:

1-Advancing to resource definition at:

2 - Exploration Drilling at:

Drilling will be complemented by planned geophysical programs including Induced Polarization, Electromagnetic and Magnetic surveys to help refine drill targeting in the prospect areas and highlight undiscovered areas of exploration potential.

Commencement of Drilling at the Chiefs Trend