- Gladiator Resources (ASX:GLA) shares surged in early morning trade today after announcing it achieved uranium grades of up to 7139ppm uranium oxide
- The updated results come from the Southwest Corner Trench samples, exceeding the detection limit of the analytical method reported on December 27
- The company announced the highest-grade samples were 7139ppm and 4442ppm uranium
- The average grade of the exposed parts of the layers in the trenches ranges from 708 to 2563ppm uranium
- Shares in GLA last traded at 3.5 cents
Gladiator Resources (ASX:GLA) shares surged more than 25 per cent in early morning trade today after announcing it achieved uranium grades of up to 7139 parts per million (ppm) uranium oxide.
The updated results come from the Southwest Corner Trench samples, exceeding the detection limit of the analytical method reported on December 27.
The company announced the highest-grade samples were 7139ppm and 4442ppm uranium, confirming the potential for very high grades.
The average grade of the exposed parts of the layers in the trenches ranges from 708 to 2563ppm uranium, with the layers interpreted to be between one metre and more than six metres thick.
The uranium is hosted in coarse sandstone, similar to the high-grade Nyota deposit, 50 kilometres to the north. Recent radiometric data suggests that layers at both the north and south limb zones have a combined surface strike length of three kilometres.
The North and South Limb zones will be tested using core drilling in the second quarter of 2024, as there has been no previous drilling at these zones other than shallow-hole auger drilling in 2008.
Shares in GLA last traded at 3.5 cents.