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Gladiator Intersects 58.7m @ 1.94% Cu, Confirming Continuity of High-Grade Copper-Gold Mineralization at Cowley Park
Newsfile· 2025-06-17 11:00
Core Viewpoint - Gladiator Metals Corp. has reported significant assay results from its drilling programs at Cowley Park, indicating the presence of high-grade copper and molybdenum mineralization, with ongoing drilling aimed at resource definition and exploration potential [1][7][18]. Drilling Results - The recently completed Phase 1 drilling campaign included 23 diamond drill holes totaling 4,377 meters, while the ongoing Phase 2 program has 8 holes drilled for 1,443.23 meters [9][25]. - Notable results from drill hole CPG-078 include 58.7 meters at 1.94% Cu from 102.3 meters, with high-grade intervals such as 11.1 meters at 6.00% Cu [5][10]. - Drill hole CPG-077 returned 24.8 meters at 0.77% Cu from 30 meters, including 16.8 meters at 1.03% Cu [14][15]. Mineralization Continuity - Mineralization remains open along strike and at depth, with significant intercepts confirming continuity of high-grade copper and molybdenum mineralization over more than 250 meters of strike and 200 meters down dip [3][11]. - Ongoing drilling is focused on further step-out holes and testing the vertical extents of mineralization below current depths [7][12]. Exploration Strategy - The company plans a total of 29,000 meters of drilling targeting high-grade copper skarns throughout the Whitehorse Copper Belt by the end of Q4 2025 [16]. - The exploration strategy includes advancing Cowley Park to resource definition and exploring regional targets such as Arctic Chief and Best Chance [21][25]. Project Background - The Whitehorse Copper Project is an advanced-stage exploration project located in the Yukon Territory, known for its high-grade copper, molybdenum, silver, and gold skarn mineralization [18][19]. - Historical production from the area includes significant copper and gold output, with the project accessible via established infrastructure [19][22].
Significant intercepts of gold and copper show Golden Eye emerging as a highly promising new resource prospect
Globenewswire· 2025-05-07 23:14
Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]