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Bullboard - Stock Discussion Forum Gatling Exploration Inc. GATGF

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.

GREY:GATGF - Post Discussion

Gatling Exploration Inc. > Gatling Drills High-Grade Gold in New Holes at Larder Gold
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Post by easybuxxxx on Jul 23, 2019 11:28am

Gatling Drills High-Grade Gold in New Holes at Larder Gold

Gatling Drills High-Grade Gold in New Holes at Larder Gold Project, Including 12.7 g/t Au over 5.0 meters

 
Vancouver, British Columbia, July 23, 2019 – GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the “Company” or “Gatling”) is pleased to announce the results from its ongoing drill campaign at the Larder Gold Project, Ontario, including 12.7 g/t Au over 5.0 meters and 9.7 g/t Au over 3.0 meters. The results demonstrate the Bear Deposit has strong continuity along strike over 300 meters, within the North Carbonate Gold (“North”) zone.

Highlights
  • Ongoing Drilling. Two rigs are currently drilling at the Larder Gold Project with one rig exploring the Bear Deposit and the second rig exploring the Cheminis Deposit (Figures 1 & 2).
  • GTR-19-005W2 intersected the North, Ultramafic and South Volcanic (“South Flow”) zones. Gold values include 12.7 g/t Au over 5.0 meters and 2.5 g/t Au over 4.9 meters (Figure 2).
  • GTR-19-006A intersected all three major mineralized units including the North, Ultramafic and South Flow zones (Figure 4). Gold values include 9.7 g/t Au over 3.0 meters and 8.5 g/t Au over 4.0 meters.

Nathan Tribble, VP Exploration stated, “We are continuing to see robust grades over significant widths at our Larder Gold Project and the program has delivered an exceptional hit rate to date. Importantly, we have already achieved our first goal of demonstrating continuity within the high-grade lens at the Bear Deposit.  Going forward, our aim is to expand the Bear Deposit with aggressive step out drilling.”

Further Details

GTR-19-005W2
The North zone displayed 5-7% disseminated pyrite, patches of quartz breccia/veining, graphitic alterations associated with increased silica-sericite alterations and moderate fuchsite-carbonate-chlorite alterations. The ultramafic zone displays strong talc-chlorite alteration and schistose texture. The South Flow zone displays volcanoclastic characteristics with aphanitic textures, zones of increased brecciation/fracturing and 1-2% fine grained pyrite with local chalcopyrite.
 
GTR-19-006A
The North zone displayed 10-15% fine grained pyrite, trace chalcopyrite, strong silica-sericite alteration with increased graphitic lenses and weak fuchsite-carbonate-chlorite alteration. Ultramafics displaying strong talc-chlorite alteration with increased abundance of quartz-carbonate stringers and schistose textures. The South Flow is heavily altered by strong silica-sericite-carbonate-fuchsite-graphite bands with zones of increased brecciation and 2-3% fine grained pyrite. Multiple localities of visible gold between 871-875 meters.

Results from drill holes
Hole ID From (m) To (m) Length (m) Au (g/t) Zone
GTR-19-005W2 788.0 793.0 5.0 12.7 North
  810.1 815.0 4.9 2.5 Ultramafics
  917.0 918.0 1.0 1.0 South Flow
           
GTR-19-006A 750.5 753.5 3.0 9.7 North
  770.6 772.0 1.4 1.3 Ultramafics
  871.0 875.0 4.0 8.5 Altered South Flow
  879.0 882.0 3.0 1.2 South Flow

Drill hole location
Hole ID Azimuth Dip Length (m) UTM East UTM North Elevation (m)
GTR-19-005W2 180 -67 652 600791 5330931 319
GTR-19-006A 174 -65 921 600794 5330920 320
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