Gladiator Announces High-Grade Copper Mineralisation Identified at Middle Chief and Class 1 Permit Extension Granted
Highlights
Recent collation of historic data identifies the Middle Chief prospect a significant highly prospective unmined zone of mineralisation, commencing from 120m below surface at the northern extent of the former Little Chief open cut and underground mine at the Whitehorse Copper Project, including:
LCU-009: 49.83m @ 3.06% Cu from 70.26m LCU-017: 54.10m @ 2.05% Cu from 77.42m LCU-023: 33.99m @ 2.10% Cu from 148.89m, Incl. 15.24m @ 3.26%Cu LCU-503: 32.22m @ 2.11% Cu from 83.91m, Incl. 17.07m @ 3.47% Cu LCU-543: 13.72m @ 1.28% Cu from 66.14m and 41.15m @ 2.22% Cu from 87.48m LCU-610: 50.99m @ 1.87% Cu from 18.11m, Incl. 39.84m @ 2.19% Cu from 23.16m
High grade copper skarn mineralisation at Middle Chief remains open in all directions. Unmined historic resources were established, and drilling completed just prior to the closure of the Little Chief mine in 1982, due to the prevailing low copper prices at the time.
Approval has now received from the Yukon Department of Energy, Mines and Resources (EMR) for a Class 1 exploration permit allowing up to 10,000 metres of diamond drilling, to test the Middle Chief prospect area and extensions to mineralisation at the Little Chief historical production area.
Compiled historical drilling data is limited to selective sampling and assaying for copper only. Gladiator intends to assay all future drilling and sampling for additional credits including Molybdenum, Silver and Gold which were proven contributors to the economics of historic operations.
"With the identification of the Middle Chief mineralization Gladiator continues to define areas of high-grade copper skarn mineralisation with significant exploration upside from its data compilation of historic drilling datasets. The Middle Chief mineralization represents a near surface area of mineralization open in all directions with limited exploration or development away from historical underground infrastructure.
Historical drilling and past production from the Little Chief mine area as a whole remains shallow, and this data compilation represents an opportunity to review the deposit in 3D for the first time to begin to appreciate the exploration potential of the high-grade copper-gold skarn, which remains open in all directions, for future resource growth.
Planned diamond drilling is scheduled to commence in the coming months and will be testing the Middle Chief target as well as near mine extensions to the historic Little Chief mine."
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7)
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