- Gladiator Metals (TSXV:GLAD) has identified large-scale undrilled copper magnetic anomalies from recent drone magnetic surveys at its Whitehorse project in the Yukon
- The company has begun follow-up work on the targets to capitalize on their significant discovery potential
- Gladiator Metals is a precious and base metal exploration company backed by a management team with a track record of making discoveries and bringing them into production
- Gladiator Metals stock has given back 21.31 per cent year-over-year, but has gained 140 per cent since 2019 and more than 850 per cent since 2014
Gladiator Metals (TSXV:GLAD) has identified large-scale undrilled copper magnetic anomalies from recent drone magnetic surveys at its Whitehorse project in the Yukon.
The surveys were conducted along strike of historical mining operations at the Cowley Park and Cub Trend deposits and support “a strong correlation between occurrences of magnetite-copper skarn mineralization and reported magnetic anomalies,” according to Monday’s news release.
Most mineralization under the glacial tills and glaciofluvial sediments of the surrounding Whitehorse copper belt consists of magnetite-copper skarn mineralization that eludes a high magnetic response, granting drone magnetics the potential to be “a direct detection tool for concealed bodies of mineralization,” in addition to:
- A preliminary geological tool to map out the contact between the Cretaceous Whitehorse Batholith and the Triassic Lewes Carbonate sediments, the primary vector for mineralization in the district, which management believes will help to highlight new areas for exploration over the next few months.
- The base to derive a 3D inversion model to target prospective magnetite-skarn bodies below the surface, as well as aid in drill planning and targeting.
The survey results are so prospective that Gladiator staked an additional 54 square kilometres of claims, bringing the Whitehorse copper project to a total of 133 square km, and will immediately follow up on the magnetic targets, having already initiated geological mapping, rock chipping and soil sampling, with ground-based induced polarization and electromagnetic geophysics to begin just ahead of planned drilling in Q3 2024.
Plan map of the Southern Whitehorse copper belt showing recently returned analytical signal magnetics and highlighting existing target areas and recently highlighted targets. (Source: Gladiator Metals)
Gladiator has identified more than 30 high-grade, drill-ready regional targets associated with copper-rich skarns at the Cretaceous-Triassic contact, with more than 35 km of underexplored strike remaining that is highly prospective for high-grade copper, molybdenum, silver and gold, setting the company up for continued positive news flow and upward share-price pressure as the summer exploration campaign carries on.
The Whitehorse copper project
Whitehorse is an advanced-stage copper, molybdenum, silver and gold exploration project on the Whitehorse copper belt in the Yukon Territory. The belt houses more than 40 copper skarn occurrences within a 25 km radius of historical mining operations, and produced 267,500,000 pounds of copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized material in its main production era between 1967 and 1982.
Gladiator’s exploration to date on the project has delineated at least five resource-ready prospects, each of which have yielded high-grade copper mineralization with gold or molybdenum, including 700 m of strike grading an average of 1.5%-2% copper-molybdenum at the Cowley Park prospect.
Leadership insights
“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,” Jason Bontempo, Gladiator Metals’ chief executive officer, said in a statement.
“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,” Bontempo added. “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.”
About Gladiator Metals
Gladiator is a precious and base metal exploration company backed by a management team with a track record of making discoveries and bringing them into production.
Gladiator Metals stock (TSXV:GLAD) last traded at C$0.48 per share. The stock has given back 21.31 per cent year-over-year, but has gained 140 per cent since 2019 and more than 850 per cent since 2014.
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(Top photo: Gladiator Metals.)