06.09.2019 22:05:00
|
Gatling Extends Bear Deposit 200 m with 10.6 g/t Au over 5.0 m at Larder Gold Project
VANCOUVER, Sept. 6, 2019 /PRNewswire/ - GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the "Company" or "Gatling") is pleased to report new high-grade results from its largest step-out drill hole to date at the Bear deposit, including 10.6 g/t Au over 5.0 meters. This step-out hole expands the high-grade mineralization at the Bear deposit 200 meters west towards the Cheminis deposit. As a result, the North Zone at the Bear deposit has now reached 600 meters along strike.
Nathan Tribble, VP Exploration for Gatling, stated, "Hitting such strong grades with our biggest step out to date is extremely encouraging. The successful results also represent the start of a new phase of step out drilling, designed to test the theory that our three deposits – Fernland, Cheminis and Bear – are all connected as one, very large mineralized system."
Results from drill holes
Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone |
GTR-19-009 | 811.0 | 816.0 | 5.0 | 10.6 | North |
916.0 | 917.0 | 1.0 | 1.2 | South Flow |
*Stated lengths are core lengths as drilled. True widths are estimated to be 60 to 80% of reported core length intervals. |
Highlights
- Largest Step Out to Date. GTR-19-009 extended the North zone 200 meters west with multiple occurrences of visible gold returning values of 10.6 g/t Au over 5.0 meters (Figure 1).
- Step Out Drilling Campaign. Drilling at the Bear deposit has now entered a new expansion phase and will continue to strategically step-out west along the Cadillac-Larder Break towards Cheminis. Gatling believes that the Fernland, Cheminis and Bear deposits are part of one continuous system (Figure 3). This phase of exploration will continue to explore previously untested areas along strike of known mineralization.
- Bear Deposit Resource. The 2011 inferred resource completed on the Bear deposit is 683,600 Au oz at 5.69 g/t Au. There are three main zones (North, Ultramafic, and South Flow) that comprise the total resource. Gatling has over 30,000 meters of completed drilling that has not been included in this resource and will be utilized in future models.
- Bear Deposit Extension. The Bear deposit is made up of three main mineralized zones with current dimensions outlined to 600 meters in strike and over 850 meters at depth (Figure 2). With strong continuity throughout all 3 zones, Gatling will continue to test the extension of mineralization as drilling continues.
Further Details
GTR-19-009
The North zone displays strong silica-sericite-graphite alteration with cross cutting veins and brecciated texture throughout. The upper and lower contacts are both sharp and the North zone has multiple occurrences of visible gold (Figure 1).
Drill hole locations
Hole ID | Azimuth | Dip | Length (m) | UTM East | UTM North | Elev (m) |
GTR-19-009 | 180 | -67 | 1073 | 600750 | 5330946 | 329 |
QA/QC
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 ActLabs in Timmins, Ontario. 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 5.0 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.
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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/gatling-extends-bear-deposit-200-m-with-10-6-gt-au-over-5-0-m-at-larder-gold-project-300913316.html
SOURCE Gatling Exploration Inc.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!