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Gladiator Announces Significant Copper Skarn Mineralization Intersected at Best Chance

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Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) has provided an update on its 13,000m drilling programme at the Whitehorse Copper Project. The company has completed drilling at Best Chance, Arctic Chief & Cowley Park Prospects, with the rig currently at Cub trend. At Best Chance, broad widths of mineralized skarn were intersected in holes ACG-007 & ACG-007D2. The company also completed an Induced Polarisation Survey over the Black Cub and Gem prospects.

Gladiator anticipates releasing assay results from recent drilling at Cowley Park (28 holes), Arctic Chief, and Best Chance in the coming weeks. The company is pursuing a dual strategy of advancing Cowley Park toward resource definition and targeting upside potential of known mineralization. CEO Jason Bontempo expressed optimism about the broad widths of skarn mineralization observed, which validate the prospectivity of the 35km long Whitehorse Copper Belt.

Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) ha fornito un aggiornamento sul suo programma di perforazione di 13.000m al progetto Whitehorse Copper. L'azienda ha completato la perforazione presso i Best Chance, Arctic Chief e Cowley Park Prospects, con la perforatrice attualmente nel trend Cub. Al Best Chance, sono state intercettate ampie sezioni di skarn mineralizzato nei fori ACG-007 e ACG-007D2. L'azienda ha inoltre completato un sondaggio di polarizzazione indotta sulle prospettive Black Cub e Gem.

Gladiator prevede di rilasciare i risultati delle analisi della recente perforazione a Cowley Park (28 fori), Arctic Chief e Best Chance nelle prossime settimane. L'azienda sta perseguendo una strategia duale, avanzando Cowley Park verso la definizione delle risorse e puntando al potenziale di crescita della mineralizzazione nota. Il CEO Jason Bontempo ha espresso ottimismo riguardo alle ampie sezioni di mineralizzazione di skarn osservate, che convalidano la prospettività della corsia di rame Whitehorse lunga 35 km.

Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) ha proporcionado una actualización sobre su programa de perforación de 13,000m en el Proyecto Copper Whitehorse. La compañía ha completado la perforación en Best Chance, Arctic Chief y Cowley Park Prospects, con la plataforma de perforación actualmente en la tendencia Cub. En Best Chance, se intersectaron amplios anchos de skarn mineralizado en los agujeros ACG-007 y ACG-007D2. La compañía también completó un Estudio de Polarización Inducida sobre las perspectivas Black Cub y Gem.

Gladiator anticipa publicar los resultados de los ensayos de la perforación reciente en Cowley Park (28 agujeros), Arctic Chief y Best Chance en las próximas semanas. La empresa está siguiendo una estrategia dual para avanzar Cowley Park hacia la definición de recursos y apuntar al potencial ascendente de la mineralización conocida. El CEO Jason Bontempo expresó optimismo sobre los amplios anchos de mineralización de skarn observados, que validan la prospectividad del Cinturón de Cobre de Whitehorse de 35 km de largo.

글래디에이터 메탈즈 Corp. (TSXV: GLAD) (OTCQB: GDTRF)는 화이트호스 구리 프로젝트에서 진행 중인 13,000m 드릴링 프로그램에 대한 업데이트를 발표했습니다. 회사는 베스트 찬스, 아틱 치프 및 카우리 파크 전망대에서 드릴링을 완료했으며, 현재 장비는 큐브 트렌드에 있습니다. 베스트 찬스에서는 ACG-007 및 ACG-007D2 구멍에서 광범위한 광물화 스카른이 교차되었습니다. 회사는 또한 블랙 큐브와 젬 전망에 대한 유도 분극 조사를 완료했습니다.

글래디에이터는 앞으로 몇 주 내에 카우리 파크 (28 구멍), 아틱 치프 및 베스트 찬스에서의 최근 드릴링 결과를 발표할 예정입니다. 회사는 카우리 파크를 자원 정의를 향해 발전시키고 알려진 광물화의 상승 잠재력을 겨냥하는 이중 전략을 추구하고 있습니다. CEO 제이슨 본템포는 관찰된 스카른 광물화의 광범위한 너비에 대해 낙관적인 입장을 표명했으며, 이는 35km 길이의 화이트호스 구리 벨트의 전망성을 입증합니다.

Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) a fourni une mise à jour sur son programme de forage de 13 000 m au projet Copper Whitehorse. L'entreprise a terminé le forage sur les Best Chance, Arctic Chief et Cowley Park Prospects, avec la foreuse actuellement au Cub trend. À Best Chance, de larges épaisseurs de skarn minéralisé ont été intersectées dans les trous ACG-007 et ACG-007D2. L'entreprise a également complété un sondage de polarisation induite sur les perspectives Black Cub et Gem.

Gladiator prévoit de publier les résultats des analyses des forages récents à Cowley Park (28 trous), Arctic Chief et Best Chance dans les semaines à venir. L'entreprise adopte une stratégie duale visant à faire progresser Cowley Park vers une définition des ressources tout en ciblant le potentiel d'augmentation de la minéralisation connue. Le PDG Jason Bontempo a exprimé son optimisme quant aux larges épaisseurs de minéralisation en skarn observées, qui valident la prospectivité de la ceinture de cuivre de Whitehorse longue de 35 km.

Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) hat ein Update zu seinem 13.000m Bohrprogramm im Whitehorse Copper Projekt gegeben. Das Unternehmen hat das Bohren an Best Chance, Arctic Chief und Cowley Park Prospects abgeschlossen, wobei die Bohranlage sich derzeit im Cub Trend befindet. Bei Best Chance wurden breite Zonen mineralisierter Skarn in den Bohrlöchern ACG-007 und ACG-007D2 angetroffen. Das Unternehmen hat auch eine Induziertes Polarisationsuntersuchung über die Black Cub und Gem Perspektiven abgeschlossen.

Gladiator erwartet, in den kommenden Wochen die Analyseergebnisse der jüngsten Bohrungen in Cowley Park (28 Bohrlöcher), Arctic Chief und Best Chance zu veröffentlichen. Das Unternehmen verfolgt eine Dualstrategie, Cowley Park in Richtung Ressourcendefinition weiterzuentwickeln und das Aufwärtspotenzial der bekannten Mineralisierung anzustreben. CEO Jason Bontempo äußerte Optimismus über die breiten Zonen von Skarnmineralisierung, die die Perspektive des 35 km langen Whitehorse Copper Belt bestätigen.

Positive
  • Broad widths of mineralized skarn intersected at Best Chance prospect
  • Completion of Induced Polarisation Survey at Black Cub and Gem prospects
  • Accelerated processing of diamond core from Best Chance
  • Multiple prospects identified for potential future resource growth
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to provide an update on the progress of its planned 13,000m drilling programme at the Whitehorse Copper Project. Planned drilling has now been completed at the Best Chance, Arctic Chief & Cowley Park Prospects, with the rig currently drilling at Cub trend. The rig is planned to complete drilling shortly at Cub Trend before relocating back to Cowley Park to follow up on recent successful drilling announced 3rd of October, 2024.

  • Gladiator completed a scout drill programme on the 10th October (7 holes for 1,295m) at the Best Chance prospect, where broad widths of mineralized skarn were intersected in holes ACG-007 & ACG-007D2, these holes are to be submitted for assaying this week.

  • Drilling recently relocated to the Cub trend, where the Company completed 5 lines of an Induced Polarisation Survey (IP) over the Black Cub and Gem prospects focused on:

    • Extensions to the open cut pit at Black Cub South, and previously unmined mineralization less than 150 metres to the north and northeast of the historic Black Cub South pit where historic drilling returned 30.51m @ 1.2% Cu from 22.16m (BC-015)

    • Mineralization identified in historic drilling at Gem, including 16.61m @ 2.59% Cu from 76.05m (G-011) and 24.99m @ 1.4% Cu from 23.93m

  • Gladiator looks forward to continuing updating the market with assay results from recent drilling at Cowley Park (28 holes), Arctic Chief and Best Chance in the coming weeks. The Company has accelerated the cutting and processing of diamond core from Best Chance.

  • Drilling is part of Gladiator's dual strategy of advancing Cowley Park toward resource definition and targeting the upside potential of the known mineralization. Gladiator looks forward to updating the market with results from the remaining 28 of 32 completed drill holes in the coming weeks.

Gladiator CEO, Jason Bontempo commented:

"Our maiden drill programs at Best Chance and Arctic Chief to date are showing broad widths of skarn mineralization which continue to validate the prospectivity of the 35km long Whitehorse Copper Belt, delivering multiple prospects for potential future resource growth. We now look forward to assay results to help plan much anticipated follow-up drill programs at the Best Chance and Arctic Chief prospects."

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Figure 1: Whitehorse Copper Project - Prospect Locations.

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ABOUT GLADIATOR METALS

Gladiator Metals Corp. is a Canadian high grade copper mineral exploration company focused on the advancement of the Whitehorse Copper Project (the "Project"), a previously producing 35km strike high-grade, near-surface copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn belt in Yukon, Canada.

  • Previously producing 35km strike skarn copper belt.

  • Targeting Significant high-grade copper resources.

  • Focused on multiple advanced near-surface, high-grade copper prospects.

  • Under-explored territory; highly leveraged to further exploration and discovery.

  • Existing road access, hydro power, rail transport and local labour.

Multiple high-grade prospects along the 35km long Whitehorse Copper belt which runs along the western margin of Whitehorse, Yukon, providing a major infrastructure advantage.

The most advanced copper prospects include:

Cowley Park - Cornerstone prospect, 300+ holes historic and current drilled: High-grade copper-molybdenum mineralization over ~700 m strike, 1.5% - 2%+ average grades, broad widths, open in all directions;

Chiefs Trend (Middle Chief & Little Chief): Shallow, high-grade copper-gold mineralization;

Arctic Chief Trend (including Best Chance and Grafter): Prospective high-grade zones of copper-gold mineralization; and

Cub Trend (including Gem, Keewenaw, Black Cub South): High-grade copper mineralization identified.

Gladiator Metals Corp current shares on Issue: 60m (73m fully diluted) and fully funded with $8m in cash.

QA / QC

Where Copper Equivalents have been stated, Assumptions of the pricing are referenced in the tabulated results and determined grade equivalents as ratios take reasonable assumptions for recovery from a similar deposit-type into account.

The following equation was used to calculate copper equivalence:

Copper Equivalent (CuEq) = ((Cu% * CuPrice 1% Per Tonne) + (Au (g/t) x (AuPrice/31.105)) + (Ag (g/t) x (AgPrice/31.105)) +(Mo% * MoPrice 1% Per Tonne)) / CuPrice 1% Per Tonne

Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were being subsequently surveyed utilising a high-accuracy RTK DGPS system.

Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD's and taking core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).

As part of the processing and capturing of the previously unassayed drill core, Gladiator is undertaking a systematic review of the available drill core after being retrieved from storage. This includes a review of the geological logging, marking up of lineal length of the core, undertaking a comparison of the physical ticketed sampling against historic documentation where noted, remarking any notations on the core box (including hole number, box number and nominal depths) and taking core photographs.

After the systematic review, if the core is required to be sampled or resampled where it is deemed to not match the historical record of the hole, it is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half (for un-cut core) or quartered (for resampled core where required) utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half (or quarter core) retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the laboratory. Samples are submitted to the ALS Global laboratory (Canada).

Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point, Gladiator regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. Further drilling will need to be completed by Gladiator at some stage to confirm the reliability or usability of this data in the future including but not limited to twinning of reported mineralization. This may be required as Gladiator may not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required standards under reporting instruments, such as NI-43-101. At this point the Company is treating the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

In reference to historic drill results reported in this news release from the Company's data compilation exercise, these results are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling. Please refer to the Company's previous news releases regarding Cowley Park for further details.

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.

ON BEHALF OF THE BOARD

"Jason Bontempo"
Jason Bontempo
CEO

For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139

ccheadle@gladiatormetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226632

FAQ

What is the size of Gladiator Metals' drilling programme at the Whitehorse Copper Project?

Gladiator Metals Corp. (GDTRF) is conducting a planned 13,000m drilling programme at the Whitehorse Copper Project.

Which prospects has Gladiator Metals completed drilling at as of October 15, 2024?

As of October 15, 2024, Gladiator Metals (GDTRF) has completed drilling at the Best Chance, Arctic Chief, and Cowley Park Prospects.

What significant mineralization did Gladiator Metals intersect at the Best Chance prospect?

Gladiator Metals (GDTRF) intersected broad widths of mineralized skarn in holes ACG-007 and ACG-007D2 at the Best Chance prospect.

How many holes were drilled at the Cowley Park prospect by Gladiator Metals?

Gladiator Metals (GDTRF) completed 28 holes at the Cowley Park prospect, with assay results pending.

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