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Transaction Announcement Reports
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Project: | North Arunta | |
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Deposit: | Kroda 4 | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 12/19/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 19-12-2018: Gladiator Resources Ltd. announces an Exploration/Drilling Update report for its Kroda 4 deposit at the North Arunta project. Drilling results incl. 3m @ 1.4ppm Au from 161m. Gladiator Resources Ltd (Company) is pleased to advise that the firs | |
Resources: | x | |
CP/QP: | [Overall Report]: Andy Wilde (Internal) | |
ABSTRACT: | Gladiator Resources Ltd (Company) is pleased to advise that the first assay results have been received from the Company’s Kroda 4 prospect on the North Arunta, a joint venture between the Company and Prodigy Gold (ASX: PRX). Gladiator see potential for discovery of a significant gold deposit through the application of modern geophysical techniques. As demonstrated at Kroda, IP chargeability anomalies have been identified down plunge of existing thick intersections and in the footwall of known mineralisation. As advised previously (GLA ASX 11th) the maiden drilling program has concluded. Ten RC holes for 1,934 meters, 2 diamond holes (210.0m) and a diamond tail (60.5m) were completed. Lithological logging of the diamond core is in progress while logging and portable XRF analysis of the RC holes has been completed. Gold assays have been received for 4 RC holes (KRC006-9) and it is anticipated that all remaining samples will be submitted for assay in early January. The drilling campaign aimed to test the prominent IP chargeability anomalies identified during the June-July IP Survey. Secondary aims were to obtain crucial geological (particularly structural) information that will enable cost-effective definition of resources. | |
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