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Gatling Exploration's new Lidar survey data at Larder will help it generate gold targets

The 3,370-hectare asset lies in the prolific Abitibi greenstone belt in the Canadian province

Gatling Exploration -
The Lidar method uses laser pulses to record detailed ground measurements, said the firm

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) continues to de-risk its Larder gold project in Ontario and has recently completed a Lidar airborne survey, which has helped identify targets and geological structures, the company told investors. 

The 3,370-hectare asset lies in the prolific Abitibi greenstone belt in an established mining camp where over 70 million ounces of the yellow metal has been produced. 

The explorer is currently carrying out a 35,000 metre (m) drill program at Larder and has hit high-grade mineralization with numerous holes, it said in Wednesday's statement.

Lidar uses laser pulses to record detailed ground measurements and the findings of the survey are being integrated with previous air magnetic survey results and other data.

"The new Lidar data on the Larder Gold project has been able to identify and confirm the existing Cadillac Larder Lake Break "CLLB" passing through the entire project as well as new north-south structures," said Gatling.

The firm also noted that much of its land package has been underexplored and the Lidar survey was also helping to identify outcrops for more efficient mapping and prospecting programs.

Larder hosts three high-grade gold deposits called Fernland, Cheminis and Bear, which Gatling believes are all connected. It has already established 4 km strike of mineralization between the Bear deposit and Fernland.

Larder also has a resource estimate of 43,800 ounces of gold at 4.01 grams per ton (g/t) in the higher confidence indicated category for the Cheminis deposit and 917,000 ounces at 5.55 g/t in the inferred category at Bear.

The project lies 7km west of the Kerr Addison mine, which has generated 11 million ounces of gold.

Shares nudged up 3.15% to C$0.49.

--Updates for share price--

Contact the author at giles@proactiveinvestors.com

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Price: 0.26 CAD

Market: TSX-V
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