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VANCOUVER, Jan. 30, 2020 /PRNewswire/ - GATLING EXPLORATION INC. (TSXV:GTR, OTCQX:GATGF) (the "Company" or "Gatling) is pleased to announce initial drill results from Fernland, at the Larder gold project in Ontario, Canada. High-grade, near surface gold mineralization has been intersected within a broader widespread mineralized zone, including 11.9 g/t Au over 4.0 meters. These results confirm mineralization 2 kilometers west of the Cheminis deposit and further extend the 4.5 kilometer mineralized footprint at Larder. Importantly, the strength and location of these results facilitates an aggressive step out drilling strategy along trend to fill the gap between the Fernland and Cheminis deposits.
News Highlights
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- Near Surface Mineralization with Phase I Drilling at Fernland: Drilling encountered a combination of high-grade and widespread gold mineralization within 50 meters of surface
- High-grade mineralization encountered at western extent of 4.5 kilometer strike: Fernland intercepts align with known mineralized zones at Cheminis, indicating potential continuity between deposits. Future drilling will concentrate on stepping out along trend in order to fill in 400 meter distance between zones.
- Historical Exploration at Fernland: Historic near surface drilling at Fernland includes 3.3 g/t Au over 12.2 meters (FL-88-47), 4.3 g/t Au over 6.3 meters (FL-88-61) and 2.2 g/t Au over 13.4 meters. More than 20,000 meters have been drilled at Fernland, none of which are included in the historic resource estimates at the Larder Gold project.
Nav Dhaliwal, President and CEO, stated "We are very pleased with the initial drill results from Fernland – one of three high-grade gold deposits at our Larder project. The location of these successful drill holes is a strong indicator of continuity between the Fernland and Cheminis zones and allows us to aggressively target the remaining gap between these zones."
Table 1. Fernland Drill Hole Highlights
Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone |
GTR-19-024 | 81.0 | 85.0 | 4.0 | 11.9 | South |
GTR-19-026 | 75.0 | 79.0 | 4.0 | 1.5 | South |
GTR-19-027 | 72.0 | 81.0 | 9.0 | 3.5 | South |
Including | 72.0 | 77.0 | 5.0 | 5.4 | South |
GTR-19-031 | 15.0 | 30.0 | 15.0 | 1.6 | South |
GTR-19-033 | 67.0 | 78.0 | 11.0 | 1.9 | South |
Including | 71.0 | 75.0 | 4.0 | 3.1 | South |
GTR-19-035 | 29.6 | 46.0 | 16.4 | 1.1 | South |
GTR-19-037 | 120.0 | 122.0 | 2.0 | 2.5 | South |
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About Gatling Exploration
Gatling Exploration is a Canadian gold exploration company focused on advancing the Larder Gold Project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 kilometers east of Kirkland Lake. The project is 100% controlled by Gatling and is comprised of patented and unpatented claims, leases and mining licenses of occupation within the McVittie and McGarry Townships. The 3,370 hectare project area is positioned 7 kilometers west of the Kerr Addison Mine, which produced 11 million ounces of gold. All parts of the Larder property are accessible by truck or all-terrain vehicles on non-serviced roads and trails.
Qualified Person
The technical content of this news release has been reviewed and approved by Nathan Tribble, P. Geo., VP Exploration of Gatling Exploration and a Qualified Person pursuant to National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President and CEO
Gatling Exploration Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
SOURCE Gatling Exploration Inc.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.