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Gladiator Resources Ltd.
Summary
| Project: | North Arunta | |
|---|---|---|
| Deposit: | Kroda 3, Kroda 4 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-1-2019: Gladiator Resources Ltd. announces an Exploration/Drilling Update report for its Kroda 3, Kroda 4 deposit at the North Arunta project. Drilling results incl. 1m @ 0.57ppm Au from 277m. Gladiator Resources Ltd (the Company) advises that further | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Wilde (Internal) | |
| ABSTRACT: | Gladiator Resources Ltd (the Company) advises that further assay results have been received from the Company’s Kroda 3 and 4 prospects on the North Arunta project, a joint venture between the Company and Prodigy Gold (ASX: PRX). The Company sees potential for the discovery of a significant gold deposit through the application of modern geophysical techniques. Induced Polarisation (IP) chargeability anomalies have been identified down plunge of existing thick intersections and in the footwall of known mineralisation at Kroda 3 and 4. Assay results have been received from KRC003 and KRC010 and for pre-collar samples from hole KRC005. Hole KRC003 intersected the Kroda 3 chargeability anomaly 350m west of the area previously drilled (see GLA ASX 3rd Dec 2018). Highly anomalous gold in excess of 100 ppb (0.1 g/t) was encountered over a 20m downhole width between 272 and 292m. The anomalous gold is associated with pervasive silicification, numerous quartz veins, disseminated and vein sulphides and elevated arsenic. The best intersection was 1m at 0.57 g/t. These results near double the known extent of the Kroda 3 mineralised zone. | |
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