GLA 11.8% 1.9¢ gladiator resources limited

EXPLORATION PROGRAMS PROGRESSING AT MINJINGU AND MKUJU...

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    EXPLORATION PROGRAMS PROGRESSING AT MINJINGU AND MKUJU
    HIGHLIGHTS
    Ground radiometric survey (of 1,971.6 line kilometres) completed at 296.9km 2 Minjingu Uranium
    Project.
    Survey delineates a radiometric anomaly over an area of 7.5km by 2.5km to be ground truthed with
    a view to expansion of the Minjingu drill program
    Memorandum of Understanding (MOU) executed to facilitate sampling of stockpiles on adjoining
    Minjingu Phosphate Mining License
    Awaiting assay results from ALS Johannesburg on completed priority Minjingu drill holes and final
    regulatory approvals to accelerate exploration programs at both its Minjingu and Mkuju Uranium
    projects.
    Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to report that its wholly owned
    subsidiary (subject to final regulatory approvals) Zeus Resources (T) Limited (Zeus) has substantially progressed
    activity at its Minjingu Uranium Project located in Northern Tanzania and is now well positioned to accelerate
    the program once final regulatory approvals are obtained and its acquisition of Zeus becomes unconditional.
    Gladiator Resources Chairman Ian Hastings commented:
    “The Company has now completed radiometric ground survey at its Minjingu Uranium Project in the
    North of Tanzania with very positive results and has identified an area 7.5km by 2.5km of anomalous
    radiometric count within which there are discrete areas for immediate further investigation. This
    anomaly will be ground truthed by geological mapping and pitting with an expansion of the current drill
    program (ASX:GLA 24 January 2022) expected to commence shortly. Zeus has also executed an MOU
    with the owners of the adjoining Mining License which will facilitate the sampling of stockpiles. All of
    these initiatives should bolster the Minjingu Project substantially.”
    Minjingu – (Uranium, Phosphate) 100% Gladiator
    The Minjingu Uranium and Phosphate Project covers a total area of 296.9km 2 and is located in Northern
    Tanzania, 106km southwest of Arusha the main administrative city in the area and 520km northwest of Dar es
    salaam. The Minjingu Project area possesses solid infrastructure such as quality tarmac roads, power lines,
    airport services via both Arusha and Kilimanjaro International airports and ample water resources.
    As previously reported (ASX:GLA 24 January 2022) the planned maiden RC drilling program at Minjingu which
    was designed to evaluate historical intercepts (reported by Montero Mining and Exploration Ltd: ((TSX.V: MON))
    in 2007) encountered difficult ground conditions necessitating a change from Reverse Circulation to Aircore
    drilling causing some delays. This provided an opportunity to complete planned radiometrics to improve and
    potentially expand targeting of drill locations which has now been completed with very encouraging results and
    to submit pilot drill samples for testing. The Company completed 1,971.6 line kilometres along E-W oriented
    lines spaced 100metres apart and delineated anomalous counts in an area 7.5km by 2.5km. Whist the results
    from priority Samples 21MJRC001 and 21MJRC002 which were dispatched to ALS (Johannesburg) are yet to be
    received, data generated from the radiometric survey has already lead the Company to reassess and refocus the
    drill program to test additional targets situated in the northern and southern parts of the license. This is expected
    to be undertaken in coming weeks.
 
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