GLA 5.26% 1.8¢ gladiator resources limited

Ann: Quarterly Activities Report, page-14

  1. 4,906 Posts.
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    Yep being keeping an eye on them since GLA's recent Marymia announcement / progress. Vango traded as low as .004 of a cent back in August 2015, now 18.5 cents with an MC of $114M.

    Bit of history...........

    Flinders Exploration ( FEX )

    2014

    FEX is also the applicant for a group of tenements located about 10 km east of, and on the same structure as, the Marymia Gold Mine in the Plutonic Greenstone Belt near Meekatharra in Western Australia. When the tenements are granted, and FEX has sufficient funds, it is intended to run some traverses of RAB drilling across the zone which previously discovered interesting gold assays on widely spaced traverses across the mineralised structure.


    2017

    FEX holds another gold project under Exploration Licence E52/3104 at Marymia, some 200 km northeast of Meekatharra in the Plutonic Well Greenstone Belt of Western Australia. This project has reconnaissance bedrock gold anomalies worthy of additional drill testing along the structure containing the Marymia Gold Mine. FEX’s intention remains to carry out infill drilling on these targets as soon as they can be funded.


    2017

    In2017, the Company decided to refocus its activities on the sale of itsprincipal projects with a view to creating liquid assets with potential upsidewhich could be distributed to Shareholders. The Company achieved the sale ofits principal assets, being the Black Cat and the Marymia gold projects, toBeacon Minerals and Gladiator Resources on 5 May and 19 June 2017 respectively.Following shareholder approval, the distributions to Shareholders were carriedout for the GLA and BCN shares on 15 May and 28 June 2018 respectively.

    Last edited by boiler: 08/08/19
 
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