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- Zeus Resources, a wholly-owned subsidiary of Gladiator Resources’ (GLA), begins exploration activities at the Minjingu Uranium Project in Tanzania
- A total of 1000 metres of reverse circulation (RC) drilling has been planned to evaluate historical intercepts reported by Montero Mining and Exploration in 2007
- Gladiator has engaged Kimani Drilling Services to complete the phase one program with the rig to mobilise to the site by the end of the week
- Simultaneously to the drilling program, Gladiator will undertake an 800-kilometre long ground radiometric survey, geological mapping, trenching and channel sampling
- Gladiator ends the day 10.7 per cent in the green with shares trading at 3.1 cents
Zeus Resources, a wholly-owned subsidiary of Gladiator Resources’ (GLA), has begun exploration activities at the Minjingu Uranium Project.
The Minjingu Project covers an area of 296.9 square kilometres and lies 106 kilometres southwest of Arusha in northern Tanzania.
A total of 1000 metres of reverse circulation (RC) drilling has been planned to evaluate historical intercepts reported by Montero Mining and Exploration in 2007.
Given that no follow-up drilling was undertaken, drilling will test MW14, MW15 and the 400-metre infill potential between them.
Gladiator has engaged Kimani Drilling Services to complete the phase one program with the rig to mobilise to the site by the end of the week.
Simultaneously to the drilling program, Gladiator will undertake an 800-kilometre long ground radiometric survey, geological mapping, trenching and channel sampling.
Chairman Ian Hastings was excited to begin exploration at the Minjingu Project.
“We are delighted to have commenced the exploration program at the Minjingu Uranium and Phosphate Project in advance of the pending wet season,” Mr Hastings said.
“The immediate focus will be to evaluate the historical Montero drill intercepts with a maiden RC drilling program and significantly, explore additional targets, subject to the current ground radiometric results being assessed for the 2022 drilling season.”
Gladiator has ended the day 10.7 per cent in the green with shares trading at 3.1 cents in a $14.45 million market cap.
