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Gladiator Deposit

Gladiator Deposit

The Gladiator Deposit is described as a highly silicified and altered sheared mafic volcanics, locally exhibiting intrusions of syenite and quartz porphyry. Smoky quartz veining also occurs locally containing the bulk of the mineralization and free gold. Mineralization consists of minor (trace to 2%) pyrite, chalcopyrite and yellow sphalerite throughout but especially in and near the contacts with the quartz veining.

The Gladiator Deposit remains open in all directions with drilled dimensions currently outlined to a depth of greater than 1,100 meters with a strike length of 1,300 meters. At least six distinct subparallel zones or mineralized horizons have been identified.

A resource expansion drill program is underway with over 70,000 meters planned in 2018 utilizing a minimum of six drill rigs. An updated mineral resource estimate is anticipated in Q4 2018.

Using a 4 g/t Au cut-off grade, the deposit currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.


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