GLAD.v up 14% on 6x its Avg Vol The world needs more copper mines to support the transition to electrification. A forecasted copper supply deficit is expected to develop in 2024 and deepen over the next decade as we transition to electric vehicles and renewable energy infrastructure, which are heavily dependent on copper.
Gladiator Metals Corp. (Ticker: GLAD.v or GDTRF for US investors) is a mineral exploration company that is advancing the exploration and development of multiple high-grade copper prospects in Canada’s Whitehorse Copper Belt. The company is backed by a team of resource company builders with a proven track record of finding and bringing deposits into production.
Today, GLAD closed up 14% on 6x its average volume, showing that it could be hitting a point of inflection.
Whitehorse Copper Project
GLAD's Whitehorse Copper Project is located in an under-explored area with world-class discovery potential and year-round access. The project is home to numerous producing copper and gold mines owned by some of the world’s most recognized miners. The project has good road and drill access network established, and grid hydro power, which creates opportunities for lower cost, low emissions copper production.
Historical Exploration
Historically, the area has seen high-grade copper production by Hudbay Mining, with over 10Mt @ c1.5% Cu produced. There are 30 known deposits/prospects within a contiguous 35km x 5km area. However, there has been no exploration since 1982, when an economic downturn and depressed copper prices resulted in mine closure.
Cowley Park Prospect
The Cowley Park prospect reached the feasibility stage before the mine was closed – as a result, it was never mined. All previous operations and residual reserves are open along strike and down dip.
GLAD recently completed a 2,632m maiden diamond drilling program at the Cowley Park prospect and has received initial assay results from the first 7 of 14 holes. All holes returned significant intercepts confirming the width and continuity of mineralization previously targeted at Cowley Park with mineralization remaining open in all directions.
GLAD is focused on the advancement of the Cowley Park prospect toward Inferred Resource status in early 2024. The company is well-positioned to capitalize on the increasing demand for copper, with its high-grade copper prospects and a strong team with a proven track record.
More info here: https://www.gladiatormetals.com/projects
Posted on behalf of Gladiator Metals Corp.