Uranium Grades exceeding 4245ppm  U₃O₈ in South
West Corner Trench Assays

Uranium Grades exceeding 4245ppm  U₃O₈ in South West Corner Trench Assays

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to announce assay results for trenches at the SWC Target within its 724km2 Mkuju Uranium Project. The trenches have high-grade uranium mineralisation and support GLA’s model of gently dipping uraniferous sandstone layers with considerable strike extent. The next step is to drill-test the potential depth extension of these layers. No drilling, other than shallow auger holes, has been previously completed at the two identified zones which have a combined ‘strike-length’ of ~3km. The results affirm the Company’s view that there is potential for a significant sandstone-hosted uranium deposit at SWC, which is within the same geological basin as the Mantra/Uranium One’s world class “Nyota” deposit which has a Measured and Indicated MRE of 187 Mt at 306ppm U₃O₈ containing 124.6 Mlbs U₃O₈.

  • Assay results for SWC target trenches received and confirm high-grade uranium in 4 of the 5 trenches and one of the mineralised layers is interpreted to be at least 6 m thick.
  • Results include intervals above the upper detection limit of analytical method (4245ppm U₃O₈). These samples are being re-analysed by another method that has higher detection limits.
  • Results indicate gently dipping layers of mineralised sandstone. The exposed part of the layer in Trench 4 layer has an average grade of 1727 ppm U₃O₈ and includes one sample above the upper detection limit of analytical method (4245ppm U₃O₈). This is the only trench on the north side of the target.
  • The recentradiometric data and the trench and auger data define a combined ‘strikelength’ of the north and south zones of approximately 3 km.
  • The excellent work by the geology team means that SWC is now drill-ready. No drilling other than shallow auger holes (in 2008) has been carried out at Gladiator’s targets.
  • The trenches support the 2008 augerresults which included 8m @ 1,273ppm U₃O₈ from surface, including 2m@ 3,825ppm.

Trenching Program and results

Gladiator completed 5 trenches at the SWC target in October 2023; four at the ‘South Limb’ zone and a single trench at the ‘Nouth Limb’ zone (Figure 1). A total of 454 metres of trenching was completed and the trenches were between 3.0 and 3.9 metres deep. Sampling was taken from vertical channels at 4.0 metre intervals along one sidewall of each trench. Table 1 provides the highest-grade vertical intervals from each trench and Figures 2 and 3 illustrate the results more comprehensively. Where average grades are reported these were calculated by length-weight averaging of the sample grades within each layer.

Of particular interest is trench 4 at the ‘North Limb’ zone:

  • Gently northward dipping coarse-grained arkose sandstone layer with visible high-grade uranium (Figure 4).
  • In the trench the upper part of the layer (~2 m true thickness) has an average grade of 1935ppm U3O8. The material lower in the trench has an average grade of 676ppm U3O8.
  • A 1.4 m sample from this layer has over 4245 ppm which is the upper detection limit for the pressed powder analytical method and will be re-analysed using the fusion method to obtain the actual value.
  • Based on a nearby 2008 auger hole (MRSA6, 30 m to the east) the layer in the trench may be the upper part of a layer at least 6 m in thickness - the auger hole ended in mineralisation (510 ppm U3O8) at 7 metres depth.
  • This trench is the only one at the ‘North Limb’ zone of SWC. It would have been ideal to have more trenching completed but the onset of the wet season prevented further work. It is clear that drilling is needed to follow the layer ‘down-dip’.

Trench 2 and 5 at the ‘South Limb’ zone:

  • These trenches are 650 m apart and both intersect what may be two southward dipping mineralised layers approximately 4m apart, hosted in coarse-grained sandstone.
  • In Trench 5 the first (southernmost) layer has an average grade of 2042ppm U3O8 and has an approximate (true) thickness of 3m. Within this are 2 samples with over 4245 ppm, the upper detection limit for the analytical method. In Trench 2 the same layer has an average grade of 708ppm U3O8 and a similar average (true) thickness.
  • The second and northernmost mineralised layer in Trench 5 has average grade of 1518ppm U3O8 and has an approximate (true) thickness of 3m. The same layer in Trench 2 has an average grade of 2163ppm U3O8 and is approximately 1.0 m thick

Table 1. Summary of trench results. Layer average grade estimated by sample length-weight averages and thickness are estimate true thickness. *4245 ppm is the upper limit of detection for the analytical method used.

Click here for the full ASX Release

This article includes content from Gladiator Resources , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GLA:AU
The Conversation (0)
Map pinpointing Uranium City near Lake Athabasca in Saskatchewan, Canada, with a red pushpin.

Guide to Uranium Mining in Canada

Uranium mining in Canada accounts for 13 percent of global output, making the Great White North the second largest producer of uranium in the world, behind only Kazakhstan.

Canada hosts 9 percent of the world’s uranium resources and is home to the biggest deposits of high-grade uranium. Their grades of up to 20 percent uranium are 100 times greater than the global average.

Canadian uranium deposits are found mainly in the provinces of Saskatchewan, Newfoundland and Labrador, and Québec, as well as the territory of Nunavut. Of these, Saskatchewan leads the country in both uranium exploration and production.

Keep reading...Show less
Snow Lake Completes Due Diligence and Confirms Placement

Snow Lake Completes Due Diligence and Confirms Placement

GTI Energy (GTR:AU) has announced Snow Lake Completes Due Diligence and Confirms Placement

Download the PDF here.

North Shore Uranium (TSXV:NSU)

North Shore Announces Non-Brokered Private Placement

North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to announce a non-brokered private placement offering for aggregate gross proceeds of up to $1,400,000, through the issuance of a combination of non-flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit and flow-through units (the "FT Units") at a price of $0.065 per FT Unit (the "Offering"). Each NFT Unit consists of one non-flow-through common share and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each FT Unit consists of one flow-through common share and one-half of one Warrant. Each Warrant entitles the holder to purchase one non-flow through common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of two years from closing of the Offering.

Keep reading...Show less
U.S. flag waving in front of a neoclassical building facade.

Uranium Energy’s Sweetwater Project Fast-Tracked Under Trump Initiative

In the latest show of federal support for domestic uranium production, Uranium Energy (NYSEAMERICAN:UEC) Sweetwater uranium complex in Wyoming has been designated for expedited permitting under the Trump administration’s FAST-41 initiative.

The designation, announced August 5, places Sweetwater on the Federal Permitting Improvement Steering Council’s FAST-41 dashboard, a move that aims to accelerate environmental reviews and interagency approvals under a framework established by the 2015 Fixing America’s Surface Transportation (FAST) Act.

Keep reading...Show less
Canadian flag next to uranium ore.

5 Best-performing Canadian Uranium Stocks of 2025

The uranium market stumbled into Q2 after the spot price dipped to an 18 month low of US$63.50 per pound in March amid abundant secondary supply and cautious utility contracting.

By June, however, prices had rebounded into the US$70 range on renewed US policy support and heightened geopolitical tensions. While the spot market remains volatile, long-term prices have held steady at US$80 level.

Yet utility demand still lags. Just 25 million pounds had been contracted as of mid-year, putting 2025 on track to fall well short of the 160 million pounds booked in 2023.

Keep reading...Show less
Phone displaying Cameco logo beside glasses and keyboard.

Cameco Lifts Outlook on Nuclear Momentum, Westinghouse Boost After Strong Q2 Performance

Cameco (TSX:CCO,NYSE:CCJ) is riding a wave of renewed nuclear optimism and long-term contracting after posting robust second quarter earnings, raising its expectations for the rest of 2025.

In results released on Wednesday (July 30), the firm reported net earnings of US$234 million for the second quarter and US$285 million for the first half of 2025, both significantly above 2024 levels. Adjusted EBITDA for the quarter came in at US$491 million, with strong contributions across its uranium, fuel services and Westinghouse segments.

“Our integrated strategy that aligns our marketing, operational, and financial decisions continues to serve us well in a market that is shifting its focus toward security of supply,” said Cameco CEO Tim Gitzel.

Keep reading...Show less

Latest Press Releases

Related News

×