Update on Mkuju Project drilling program

Gladiator Resources Ltd (ASX: $GLA) has provided an update on the drilling program at the Mkuju Project in South-west Tanzania. The company reported high-grade surface uranium of over 3000ppm eU3O8 in the fifth hole at SWC, part of a 12km+ corridor with widespread uranium mineralisation. Additionally, the drill-hole at the southern end of Mtonya revealed mineralised intervals, supporting an extensive scale of the system. The drill rig has commenced drilling at Likuyu North to test a 6.5km targeted area 'on-trend' of the existing 4.6MIb (U3O8) deposit.

Executive Commentary on Mkuju Project drilling update

The company's work indicates that SWC and Mtonya are part of a single 12 km+ long 'corridor' which has the hallmarks of a large roll-front system. Gladiator is considering a larger program targeting a full roll-front deposit if present. The size of the corridor and the rock-types observed has similarities with some of the world's important roll-front districts such as those of the Colorado Plateau, USA. The presence of a core of predominantly hematite oxidised rocks within the areas drilled to date suggests that a main front may be in advance of the areas drilled to date, to the south.

Summary of Mkuju Project drilling update

Gladiator Resources' drilling update at the Mkuju Project has revealed high-grade surface uranium at the SWC, part of a 12km+ corridor with widespread uranium mineralisation. The company is targeting a main 'roll-front' and is considering a larger program to explore the possibility of a full roll-front deposit. The presence of a core of predominantly hematite oxidised rocks within the areas drilled to date suggests that a main front may be in advance of the areas drilled to date, to the south. The company has commenced drilling at Likuyu North to test a 6.5km targeted area 'on-trend' of the existing 4.6MIb (U3O8) deposit, aligning with its ambitions for further exploration efforts.