SYDNEY, AUSTRALIA: Gladiator Resources Ltd (ASX: GLA) has exercised its option to acquire the Rutherglen gold project, subject to confirmation of renewal of the license, a bourse filing noted.
Together with its 100% ownership of the Bendoc gold project the Company believes this puts it in a strong position to take advantage of the current gold market.
Gladiator Resources Chairman Ian Hastings commented: “The Company is pleased to finalise its acquisition of the Rutherglen Gold project which now holds an exciting exploration target of between 260,000 and 529,000 oz gold.
The Company is preparing to commence drilling on this exciting gold opportunity once confirmation of the license renewal is received with applications and approvals underway. Together with its Uranium projects in Tanzania the Company believes it is now well placed to take advantage of the present commodity upswing.”