Gladiator Resources Ltd (ASX:GLA) Confirms High-Grade Extensions in Drill Results
Drilling Results Confirm High Grades
Gladiator Resources Ltd (ASX: GLA) announced significant high-grade intersections at its Mkuju Uranium Project in South-west Tanzania. The recent laboratory analyses of core samples have confirmed previously reported high grades, reinforcing operational progress at the Likuyu North deposit.
Key intersections from the 2024 drill program include a notable 7.1m interval at 1963ppm eU3O8 from hole LNDD020. Furthermore, results indicate that mineralisation at Likuyu North extends at least 350m to the south, as evidenced by the down-dip hole LNDD015, which intersected 1,031ppm U3O8 over 0.4m and 690ppm U3O8 over 1.7m.
Future Drilling Plans
The results prompt excitement for future drilling initiatives aimed at expanding the deposit. There’s a focus on InSitu Recovery (ISR), with CSA Global having previously confirmed the geological characteristics of Likuyu North as favourable for this method of uranium extraction.
Andrew Pedley, Non-Executive Director of Gladiator, stated, “The new drill results have strengthened our confidence in the potential of the Likuyu North deposit and the overall Mkuju Uranium Project. The immediate focus will be further investigations into the extension areas to maximise resource estimation.”
Summary of Core Sample Analyses
From June to September 2024, core samples were submitted for X-ray fluorescence analysis. The findings showcased substantial grades from SWC and Mtonya targets, with results displaying higher grades for certain intervals than previously recorded using gamma-ray data.
Key core sample results include:
– 7.0m @ 1702ppm U3O8 (SWDD001)
– 4.7m @ 1807ppm U3O8 (SWDD002)
– 7.3m @ 496ppm U3O8 (SWDD005)
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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