Bendoc Gold Project (Option to acquire 100% EL6187)

Exploration License (EL6187) is located 12km south of Delegate, NSW and covers an area of ~220km2over the historical Bendoc, Bonang and Clarkesville goldfields. The area has a history of alluvial mining and small high-grade gold mines typical of the Orogenic Gold deposits in the Lachlan fold belt. Figure 3 shows distribution of old gold mines and workings in the license area.

A number of companies have explored the region with geochemical surveys, drilling and mapping. Assessment of this data is underway. Between 1993 and 1996 Zephyr Minerals NL completed 93 inclined Reverse Circulation (6,662m) drill holes (maximum depth 118m, mostly 50m) over a region of elevated geochemical anomalism and primary vein-hosted mineralisation at the historical Victoria Star gold mine. Drilling indicated gold mineralisation over a strike length of 600m. Dynasty Metals Australia Ltd completed an additional 4 inclined diamond drill holes (500.8m, all ~125m) at Victoria Star. Untested geochemical anomalies to the west and south of the drilled area at Victoria Star are

A resource which is not compliant with the JORC Code was reported for Victoria Star that included 3D modelling and displays. Drilling has confirmed pervasive mineralisation of interest with the potential to upgrade to resource status and complete additional drilling to identify deeper and high-grade shoots of mineralisation. Outlier intercepts for parallel mineralised systems, and untested geochemical anomalies in the immediate region, will also be targeted. Historical drilling focused on the southern extension of the Victoria Star and Welcome Stranger lines but indicates other shallow and isolated drill intersections that require follow up.

Structural assessment indicates the vein swarm at Victoria Star was created by interaction of north south faulting with the prevailing NE-SW stratigraphy. A number of historical gold mines and workings including Clarkeville to the south of Victoria Star, and Bendoc to the north, fall within a 10km long North – South corridor which may be structurally controlled and enhances the regional exploration potential of the project area. Review of previous regional geological and exploration data, and probable further geochemical sampling, is anticipated to highlight other areas for more detailed work.

The Company currently has the Bendoc Project under option which grants Gladiator a 12-month window to assess more fully the potential of each license by expending a minimum $150,000 on the Project over the 12-month option period.

Figure 3: Regional Geology of Bendoc and location of old gold mines.

Figure 4: Untested geochemical gold anomalies at Victoria Star. Drill positions are shown as inverted Triangles.