- Gladiator Resources (GLA) completes validation drilling at the Victoria Star prospect within its Bendoc Gold Project in New South Wales
- Drilling began in early August with 13 reverse circulation holes drilled and grades peaking at 29.3 g/t gold
- Gladiator will now lodge a low impact exploration work plan with Victoria’s Earth Resources Regulator to expose all previously drilled hole collars
- The company will also engage an independent resource consultant to upgrade to a JORC compliant resource and produce an accurate geological model
- Gladiator ends the day 2.78 per cent in the red with shares trading at 3.5 cents
Gladiator Resources (GLA) has completed validation drilling at the Victoria Star prospect within its Bendoc Gold Project.
The Bendoc Project lies 12 kilometres south of Delegate in New South Wales and covers 20 square kilometres over the historical Bendoc, Bonang and Clarkesville goldfields.
Gladiator began drilling in early August and drilled 13 reverse circulation (RC) holes over 1146 metres.
Best results include 10 metres at 5.2 grams per tonne (g/t) of gold from 85 metres, including two metres at 18.9 g/t gold and one metre at 29.3 g/t gold from 88 metres.
Despite these results validating historical results, this drilling has highlighted the need to have the historical results accurately surveyed at surface and downhole.
Gladiator will now lodge a low impact exploration work plan with Victoria’s Earth Resources Regulator to expose all previously drilled hole collars.
However, this can only happen once the company receives approval from Parks Victoria and the Department of Environment, Water, Lands and Planning.
Gladiator will then carry out systematic surveying of each collar to ensure that all historical and recent drilling can be used in a mineral resource estimate.
The company will also engage an independent resource consultant to upgrade to a JORC compliant resource and produce an accurate geological model.
“Gladiator is pleased to have completed its maiden drilling program at its Bendoc Gold Project following delays due to COVID restrictions and poor weather,” Chairman Ian Hastings said.
“The results largely confirm the historical results and place the company on track to report its maiden JORC resource at this promising gold project in the near future.”
Gladiator has ended the day 2.78 per cent in the red with shares trading at 3.5 cents for a $16.78 million market cap.