FOCUSED ON THE ADVANCEMENT OF MULTIPLE KNOWN HIGH-GRADE COPPER PROSPECTS IN CANADA’S RENOWNED WHITEHORSE COPPER BELT:
Stable, Tier 1 jurisdiction: Yukon, Canada
Home to numerous producing copper and gold mines owned by some of the world’s most recognized miners
Under-explored with world-class discovery potential
Year-round access and work programs
Good road and drill access network established
Grid hydro power – potential for low emission copper production
Lower cost production – proximity to Whitehorse for low Capex access to existing accommodation and core yard
Skilled local workforce – experienced providers, vendors and local laboratories
High-grade historical copper production by Hudbay Mining:
>10Mt @ c1.5% Cu produced (plus Au/Ag credits)
Open pit (1967-1971) and Underground (1972-1982)
30 known deposits/prospects within a contiguous 35km x 5km area
No modern exploration since 1982, when an economic downturn and depressed copper prices resulted in mine closure.
The Cowley Park prospect reached Feasibility stage before the mine was closed– as a result, it was never mined.
All previous operations and residual reserves open along strike and down dip.
Recent drilling outside of historic areas of operation have indicated:
CP-040: 89.61m @ 1.89% Cu from26.21m
18-CP-04: 12.5m @ 8.02% Cu and 13g/t Ag from 85.04m
19-CP-01: 32.92m @ 2.08% Cu from 73.76m (including: 8.11m @ 5.35% Cu from 80.16m) plus 34.75m @ 0.94% Cu from 117.65m
19-CP-03: 8.84m @ 1.59% Cu, 0.19% Mo and 14g/t Ag from 117.65m
19-CP-05: 27m @ 0.68% Cu and 0.23% Mo from 97m
19-CP-10: 19.08m @ 1.45% Cu from 108.94m within 81.26m @ 0.55% Cu from 108.94m
CP-053: 27.7m @ 2.74% Cu from8.69m
Inc: 7.83m @ 8.34% Cu from23.93m
CP-112: 10.67m @ 6.93% Cu from85.34m
CP-115: 23.16m @ 3.19% Cu from 80.77m
CP-125: 18.44m @4.42% Cu from 56.39m and 10.3m @ 1.41% Cu from 87.84m
CP-144: 38.57m @ 1.73% Cu from 33.98m
19-CP-08: 43.28m @ 2.24% Cu from 93.27m
Inc: 13.72m @ 5.41% Cu from 109.42 m
Gladiator recently completed a 2,632m maiden diamond drilling program at the Cowley Park prospect and has received initial assays 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, with results including:
CPG-006: 16m @ 2.36% Cu from 79m within
92m @ 0.71% Cu from 67m
CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m and;
33m @ 1.48% Cu from 71m within;
113m @ 0.79% Cu
CPG-003: 13.2m @ 2.26% Cu from 22.8m
CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m
CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m
CPG-010: 26m @ 1.14% Cu from 86m
• HT-1: 10.55m @ 4.99% Cu, 1.05g/t Au, 40.3g/t Ag from 124.39m
• NS-15: 14.63m @ 5.05% Cu from 419.65m
GEOLOGY AND MINERALIZATION:
Shallow, high grade copper resultsfrom multiple prospects. Limited systematic drilling away from existing pits.
Proven Geology– Mineralised chalcopyrite-bornite-magnetite skarns within 150m of the calc-alkaline Whitehorse batholith.
Primary target: Cowley Park Prospect - Historic drilling indicates multiple, sub-parallel mineralized zones up to 30m thick over 1.2km.
Numerous brownfield targets identified– advanced high-grade copper targets including Artic Chief Trend, Cub Trend, War Eagle Trend, and Little Chief Trend. All targets open along strike/at depth.
Potential opportunity to combine Cowley Park and Cub trends into one single target.
Prospect / exploration targets identified– Grafter, North Star, Rabbits Foot, Veronica, Polar Lake, Copper Cliff, Quinalta.
2023 WORK PROGRAM:
Complete sampling of 2018, 2019 and 2020 diamond drill core – Over 10,000m of diamond drill core to be assayed.
Systematic sampling– Unexplored upside from credits - Au/Ag/Mo/Ga, etc.
Structural Data– Cross faults and sheeted vein arrays potentially control higher grade zones by overprinting mineralization.
Advance project to drilling - Confirmatory diamond drilling.
THE KOONENBERRY NORTH PROJECT
• New South Wales, Australia has a gold endowment* exceeding 3252 tonnes (t)/ 104 million ounces (Moz)
• Host to a diverse range of gold deposit types, with gold being produced as either the principal commodity (e.g. Cadia ,Cowal) or as a by-product (e.g. Northparke)
• The Koonenberry Belt is now interpreted to be a Cambrianarc built on the rifted margin of Gondwana and the northern extension of the Lachlan Orogen, where it is covered by younger sequences
The Koonenberry North Project is located in the northwestern part of New South Wales, within a 200km long NW‐trending belt.
• 1960s to 1990s: Sporadic exploration focused on gold, copper and base metals, predominantly in the Grasmere and Wertago areas. Encouraging drill intersections, but tenements relinquished due to poor economic conditions
• Since 2000: The Geological Survey of New South Wales (“GSNSW”) completed regional geological mapping, high-resolution geophysical data acquisition and deep seismic reflection surveys. Numerous regolith and baseline geochemistry studies in the Koonenberry Belt. Major advancements in the understanding of the geological history of the Koonenberry Belt.
• Apart from stream sediment sampling programs, most of the prospecting and surface sampling within the Koonenberry Belt has taken place over areas to the south of the Bangles ELs.
GEOLOGY AND MINERALISATION
The Koonenberry Belt is interpreted to be prospective for a range of commodities (Gilmore & Greenfield, 2015) including:
• VMS Cu–Zn–Ag–Au
• Turbidite‐hosted orogenic Au
• Orthomagmatic Ni–Cu–PGE
• Epithermal Ag–Pb–Cu
• Porphyry Cu–Au
• MVT/stratiform Pb–Zn–Ag
The basement to the Koonenberry belt consists of rocks belonging to the Curnamona Province of the Early Proterozoic Broken Hill Block (Willyama Supergroup), which is extensively mineralized elsewhere in western and central NSW.
The exploration rationale is based on the perceived prospectivity for turbidite‐hostedorogenic Au deposits.
• Primary targets: High grade quartz‐gold veins, which occur throughout the region