VANCOUVER, March 1, 2019 /CNW/ - GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the "Company" or "Gatling") is pleased to announce that a 10,000 m diamond drill program is underway at its Larder gold project, 35 km east of Kirkland Lake in Northern Ontario. Larder is host to three high-grade deposits, located along the prospective Cadillac-Larder Break (Figure 1). Drilling aims to expand known mineralization envelopes and to test new targets on the property.
- Expansion Targets. Phase I will target expansion of the Bear Lake deposit, down plunge and along strike to the east, where previous exploration by Bear Lake Gold Ltd. intersected 22.5 g/t Au over 7.9 m (Target A in Figure 2).
- Near-Surface Targets. Phase II will target near-surface gold mineralization at the Cheminis and Fernland deposits (Target B and C in Figure 2) and explore down plunge extension of the Fernland deposit (Target D in Figure 2).
- Highly-Prospective Gold Belt. Both phases are designed to intersect the litho-structural belt known as the Cadillac-Larder Break, where more than 70 million Oz of gold has been produced.
The Cadillac-Larder Break strikes across the Larder property in a N70°E direction. This belt is heavily deformed, steeply-dipping, and is composed mainly of intercalated meta-sediments and mafic to ultramafic volcanics (Figure 1). This belt is home to several world-class gold deposits and is bisected by the Trans Canada Highway on the Company's property, which itself is just 2 km north of the town of Larder Lake.
Nav Dhaliwal, President and CEO of Gatling Exploration, commented, "We are excited to have begun this 10,000 m drill program at the Larder Gold Project with the dual focus of expanding our known zones of mineralization and testing for new, shallow-depth zones. The project contains three high-grade gold deposits that Gatling considers to be a single larger mineralized system over 4 km strike length. Larder lies within close proximity of past-producing mines and active projects and is close to well-established infrastructure, making it a particularly attractive property. We are looking forward to advancing the project."
About Gatling Exploration
Gatling Exploration is a well-financed Canadian gold exploration company focused on advancing the Larder 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 km 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 2,096-hectare project area is positioned 7 km 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.
Drill core is logged and sampled at the Larder project site. Core samples from the program are cut in half, using a diamond cutting saw with half sent for assay at Expert Labs in Rouyn-Noranda, Quebec. The other half is secured and retained on site. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. Certified reference standards and blanks are routinely inserted into the sample stream as part of Gatling's quality control/quality assurance program.
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.
For further information: on Gatling, contact Investor Relations, Telephone: 1-888-316-1050, Email: [email protected]