Mr. Jason Bontempo reports
GLADIATOR RECEIVES CLASS 3 EXPLORATION PERMIT FOR WHITEHORSE COPPER PROJECT
Gladiator Metals Corp. has received a Class 3 quartz exploration permit from the government of Yukon for its Whitehorse copper project.
Summary:
- Class 3 quartz exploration permit received from the government of Yukon for the Whitehorse copper project;
- Class 3 granted following a positive recommendation from the Yukon Environmental and Socio-economic Assessment Board (YESAB), including positive consultation from Kwanlin Dun First Nation and Ta'an Kwach'an Council;
- The five-year term of the Class 3 permit allows for rapid resource definition, resource expansion and new discoveries along the high-grade Whitehorse copper belt.
Gladiator chief executive officer Jason Bontempo commented: "We're absolutely thrilled to have received the Class 3 permit after a positive and constructive YESAB assessment process. This authorization empowers us to access high-priority targets in the Whitehorse copper belt not previously accessible under the Class 1 permit and access for systematic drilling to rapidly deliver high-grade copper resources inventories. Our heartfelt thanks go to the government of Yukon, Kwanlin Dun First Nation and Ta'an Kwach'an Council for their support and engagement during this process.
"We also sincerely thank the entire Whitehorse community for their overwhelming support during the YESAB public consultation process and trusting Gladiator Metals to reveal the significant copper resource potential that lies within their Whitehorse copper belt.
"The future is looking incredibly bright for Gladiator and the Whitehorse copper project which has the potential to be a multidecade intergenerational project once again for the city of Whitehorse."
The Whitehorse copper project
The Whitehorse copper project is an advanced-stage, high-grade copper, molybdenum, silver and gold skarn exploration project in Yukon, Canada.
Copper mineralization was first discovered in 1897 on the Whitehorse copper belt and comprises over 30 copper-related, primarily skarn occurrences covering an area of 35 kilometres long by five kilometres wide on the western margin of Whitehorse city, Yukon.
Exploration and mining development have been carried out intermittently since 1897, with the main production era lasting between 1967 and 1982, where production from primarily the Little Chief deposit totalled 267.5 million pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 10.5 million tons of mineralized material milled (Watson, 1984). The Whitehorse copper project is accessible by numerous access roads and trails located within two kilometres of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the claim package. Access to existing electric power facilities is available through the main Yukon power grid.
Project highlights:
- Advanced 35-kilometre-long high-grade copper belt;
- Located on western margin of infrastructure-rich Whitehorse city, Yukon;
- Greater than 40,000 metres of drilling planned for 2026, focused initially on near-term, high-grade copper skarn resources prospects (including the cornerstone Cowley prospect and the recently discovered Cub East prospect) and the significant exploration potential surrounding the Cowley and Cub East mineralized systems;
- Later in the year, focus will revert to the known mineralized areas adjacent to previous operating mines, including the Chiefs and Arctic Chief-Best Chance trends;
- Targeting to report maiden high-grade copper National Instrument 43-101-compliant inferred resource(s), in 2026 for Cowley on completion of Class 3 delineation drilling;
- The project area was a previous producer at Little Chief, Arctic Chief, Keewenaw, Black Cub South and other deposits;
- Between 1967 and 1982, Hudson Bay Mining & Smelting, mined 10.5 million tonnes at 1.5 per cent copper plus 0.75 gram per tonne gold (P.H. Watson (1984), "The Whitehorse Copper Belt -- A Compilation," Yukon Geological Survey, Open File 1984-1);
- Key institutional investors -- Dynamic, Mackenzie, Macquarie Bank and Orimco.
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