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Gladiator Metals Corp. Announces Option Agreement to Acquire Whitehorse Copper Project
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Gladiator Metals Corp. (...
About this update from Gladiator Metals Corp
[{"type":"text","content":"Gladiator Metals Corp. Announces Option Agreement to Acquire Whitehorse Copper ProjectVancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Gladiator Metals Corp. (TSXV: GLAD) (\"Gladiator\" or the \"Company\") is pleased to announce that it has entered into a Mineral Property Option Agreement (the \"Option Agreement\") dated November 8, 2022 with H. Coyne & Sons Ltd. (the \"Optionor\") whereby the Optionor has granted the Company the right to acquire a 100% legal and beneficial interest in all of the Optionor's title and interest (the \"Option\") in and to 315 contiguous mineral claims located in the Yukon (the \"Whitehorse Copper Project\" or the \"Project\"). Project highlights:High Grade historical copper production of >10Mt @ 1.5% Cu produced (plus Au/Ag credits) via open pit (1967-1971) and underground (1972-1982).Whitehorse Copper Project includes 30 known prospects within a 35km x 5km area. Shallow, high grade copper results from multiple prospects. Limited systematic drilling away from existing pits. All previous operations and residual reserves open along strike and down dip.Approximately 10,000 metres of unassayed core from exploration drilling to be assayed and logged. Year-round access for work programs, good road and drill access network established, low-cost exploration due to proximity to Whitehorse and strong partnership with the Optionors, an experienced local drilling service provider.Significant future exploration potential with drilling outside of historic areas of operation including:Cowley Park: Most advanced prospect area with near term resource potential. Mineralization open at depth and along strike (mineralization drilled to max 150m vertical depth only). Historic drill hole intercepts include:CP-144: 38.57m @ 1.76% Cu, 7.15 g/t Ag from 33.98m downhole18-CP-03: 9.14m @ 2.0% Cu, 12.5 g/t Ag from 83.82m downhole18-CP-06: 23.04m @ 1.91% Cu, 12.7 g/t Ag from 74.98m downhole19-CP-08: 24.4m @ 3.71% Cu, 14.3 g/t Ag from 105.46m downholeOther prospects within the project area, with historic drill hole intercepts, include:War Eagle:HT-1: 10.55m @ 4.99% Cu, 1.05g/t Au, 40.3g/t Ag from 124.39mNorth Star:NS-15: 14.63m @ 4.95% Cu from 419.65m.The drill results reported in this news release are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independe...