HIGHLIGHTS Rutherglen (EL006631)  Aeromagnetic data enhances...

HIGHLIGHTS
Rutherglen (EL006631)
 Aeromagnetic data enhances possible deep lead extensions
 Ground magnetic survey trial completed
 Low Impact Exploration plan to undertake drilling traverses planned for Q1 2022
Bendoc (EL006187)
 Drill core from drill holes BB1-BB4 (Dynasty Metals Australia Ltd) to be re-logged, sampled and
assayed to further enhance modelling and resource estimation at Victoria Star prospect with Low
Impact Exploration work plan to uncover as many historical drill collars as practicable.
 Historical drill hole collars to be surveyed at surface with downhole surveying of historical drill holes,
where possible to assist with a JORC compliant Mineral Resource Estimate

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to provide the following updates on
its Victorian Gold Projects at both Rutherglen (option to acquire 100%) and Bendoc (100%).
Gladiator Resources Chairman Ian Hastings commented:
“Gladiator is pleased to continue progressing our Victorian Gold projects which is working towards a
JORC compliant Mineral Resource at Bendoc and aiming to complete a maiden drilling program at
Rutherglen in 2022.”
Rutherglen Gold Project (EL006631)
EL006331 covers The Rutherglen Gold Project and is located some 30km west of the regional city of Albury
– Wodonga (Figure 1). The Rutherglen – Chiltern Goldfield is known for being a major centre of deep lead
mining from the 1860’s through to 1920 with gold production reported in excess of 1.45Moz (ASX 28
September 2020)
The two goldfields have been mined historically for gold along typical narrow high-grade fault related reefs,
hosted by sediments of the Ordovician Pinnak Sandstone. Erosion and alluvial concentration of the reef
gold into adjacent ancient river systems and tributaries has resulted in economic concentrations of alluvial
gold from 5.1 g/m2 up to 11.6 g/m2 producing in excess of 1.45Moz. The ancient river systems are buried
by up to 120m of unconsolidated sediments. The concentration of magnetic minerals in the paleo-drainage
has been detected with both open source and recent low level aeromagnetics data; the shallow leads
appear well defined but rapidly loose definition with depth. The high magnetic response of abundant
cultural magnetic features across the survey area is likely to have reduced sensitivity to the low response
in the processed data, making it difficult to interpret the paths of the deeper lead sections.


ASX Announcement
16 December 2021

www.gladiatorresources.net
As previously announced (ASX 28 September 2020) an Exploration Target potential was defined for the
Company’s Rutherglen Gold Project. The Exploration Target is identified within some 16.8km of the main
lead system, with potential for between 260,000 and 529,000oz at a grade range from 4 to 7.9 g/m2, which
includes the Prentice Lead Extension, Chiltern Lead Extension and the Barambogie Lead Extension. See
Figure 2 below.