Wow, well I did a quick search on my personal archive that I've been building and was shocked to see I actually logged some screenshot and details for this event. Note that the event actually appears to have occurred on 04/02/2000:
https://web.archive.org/web/20020226...22000gm/gm.htm
There is a specific screenshot of the warrior holding the blade here:
https://web.archive.org/web/20010831...m/large/04.gif
Hard to tell, but it appears to either be a regular old blade or katana, not a unique graphic. Also, you can see the title is indeed 100% confirmed as they have the title after they are sacrificed (another confirmation in a screenshot, with his corpse at his feet).
Zavo`Zatanov says, 'In doing so the Veil which separates the Plane of Sky from the mortal realm shall be reborn here as a Champion of Scale'
You can see he is now renamed Fenorn the Scaled Claw
After the sacrifice and title the event ends with:
'I and my own thank you, Be well noble one and remember my words and the actions which have come this day'
(spelling error corrected)
Other working screenshots of the events are here:
https://web.archive.org/web/20010830...m/large/01.gif
https://web.archive.org/web/20010831...m/large/03.gif
https://web.archive.org/web/20010831...m/large/05.gif
https://web.archive.org/web/20180201...c/gmdrake2.jpg
https://web.archive.org/web/20180201...c/gmdrake1.jpg
Some other event details are in there such as NPC names and the like, can be cross referenced with the ZAM write-up.
04/02/2000 seems an odd date with Sky being introduced in January 2000, perhaps they were running behind? I think it would be cool to tie in with the opening of Sky.