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Gladiator Resources Ltd.
Summary
| Project: | North Arunta | |
|---|---|---|
| Deposit: | Kroda 3 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2019: Gladiator Resources Ltd. announces an Exploration/Drilling Update report for its Kroda 3 deposit at the North Arunta project. Drilling results incl. 9m @ 11.5g/t Au from 62m. Gladiator Resources Ltd (Company) advises that assay results have bee | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Wilde (Internal) | |
| ABSTRACT: | Gladiator Resources Ltd (Company) advises that assay results have been received for diamond drill core, and screen fire assay for selected RC samples from the Company’s Kroda prospect at the North Arunta project, a joint venture between the Company and Prodigy Gold (ASX: PRX). All analytical results have now been received. Two of the three holes reported (KDD001 & KDD002) were drilled on a section with historic drill holes that intersected high grade gold mineralisation (Fig. 1). The new holes were designed to verify historical gold grades and importantly, to provide new information on the nature of the mineralisation since no significant geological information exists from previous drilling. The third cored hole (KRCD005) commenced using reverse circulation but was completed by diamond coring due to the intersection of water. This hole was designed to test the possible down plunge extent of the known mineralisation to the west, where it was predicted by an IP chargeability anomaly. Kroda 3 Results from KDD001 & KDD002 combined with several historic holes suggest that there are five steeply dipping and sub-parallel, possibly en echelon, gold zones at Kroda 3 (Fig. 1). The thickest zone was intersected by both holes and both holes returned very high grades (>25 g/t Au). Hole KDD001 appears to have been drilled sub-parallel to the thickest and highest-grade zone. This hole intersected 9m at an average gold grade of 11.5 g/t including a very high-grade interval of 2m at 37 g/t and an additional 1m at 26 g/t. Scissor hole KDD002 confirmed the geometry of the ore zones but returned narrower intervals, the best being 5m at 15.3 g/t Au. Unfortunately the drilling has shown that despite the encouraging results on this section line, the high grade zone is likely to be small and is not recognised on adjacent sections. | |
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