SYDNEY, AUSTRALIA: Gladiator Resources Ltd (ASX: GLA) has exercised its choice to acquire the Rutherglen gold project, topic to affirmation of renewal of the license, a bourse submitting noted.
Together with its 100% possession of the Bendoc gold project the Company believes this places it in a strong place to take benefit of the current gold market.
Gladiator Resources Chairman Ian Hastings commented: “The Company is happy to finalise its acquisition of the Rutherglen Gold project which now holds an thrilling exploration goal of between 260,000 and 529,000 oz gold.
The Company is preparing to commence drilling on this thrilling gold alternative as soon as affirmation of the license renewal is received with applications and approvals underway. Together with its Uranium projects in Tanzania the Company believes it’s now well positioned to take benefit of the current commodity upswing.”