Gladiator Hits Big Again
Gladiator Metals (GLAD-V) released another set of assay results from their wholly owned Whitehorse Copper Belt project in the Yukon. The company has possession of about 10,000 meters of historic drill core that up until now has never been assayed. The release put out on May 15 showed assays from an additional three holes including 8.11 meters of 5.35% copper within 32.92 meters of 2.08% copper.
At today’s depressed price for copper, that is still an intercept worth $443 USD per tonne. That’s like having an eight gram gold intercept. It’s outstanding.
At today’s price the company is only worth $19.7 million in CAD. That’s absurdly cheap.
Copper is in acute shortage. The Whitehorse Copper Belt is in one of the best jurisdictions in the world. It sits right next to a major city in the Yukon and transportation hub. One of the foremost First Nation families is partners on the project and has done years of drilling in the belt. They have invested their money into Gladiator and are doing the drilling.
If someone hands you 10,000 meters of free drilling, that is like handing you $3 million in $100 bills. It’s free money. Look for assay results to come out on a regular basis. They will continue to be spectacular I suspect.
Gladiator Metals in an advertiser. I have participated in a couple of private placements and bought shares in the open market. I am biased, do your own due diligence.