logo-loader
viewGatling Exploration

Gatling Exploration continues to find mineralization between Cheminis and Bear deposits at Larder

The property hosts three high-grade gold deposits called Fernland, Cheminis and Bear

Gatling Exploration -
The company said it continues to hit a large structural dilation zone between Bear and Cheminis with an assay of 1.2 g/t gold over 21.8 m reported today

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) posted more encouraging drill results from its Larder gold project in Ontario, which show mineralization between two deposits there are connected. 

The property hosts three high-grade gold deposits called Fernland, Cheminis and Bear, and Gatling said it continues to hit a large structural dilation zone between Bear and Cheminis with 1.2 grams per ton (g/t) gold over 21.8 meters (m) reported from a hole today. 

READ: Gatling Exploration eyeing productive Fall as it continues to de-risk exciting Ontario gold project

Last month, the firm reported it hit 1.5 g/t gold over 36.8 m, including 2 g/t gold over 14.8 m in a hole 250 m west of that hole.

Gatling also told investors today that it had identified a fourth mineralized zone within the 'altered south sediments' that will be followed up during its 2020 drill program.

"These new results provide further, strong confirmation that the mineralization between Cheminis and Bear deposits are connected," said Nav Dhaliwal, the president and CEO at Gatling.

"Importantly, we have also intercepted a new mineralized horizon in the area, which suggests that the continuity of mineralization between Cheminis and Bear deposits occurs across multiple gold zones," he added.

"This new horizon will be targeted for further drilling in 2020, as will the untested gap between the Cheminis and Fernland deposits."

Gatling noted that it now has gold values found in the North Volcanics, Ultramafics, South Flow and South Sediments areas at Larder.

The new gold mineralization at South Sediments (the fourth zone) is similar to the auriferous southern sediments at the McGarry mine, which lies 6 kilometers (km) east of the Larder project, it noted.

Established mining camp

Larder lies along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake. This is an established camp where over 70 million ounces of the yellow metal has already been generated.

Larder already boasts a resource estimate, which showed 43,800 ounces of the precious metal at 4.01 g/t gold 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 7 km west of the Kerr Addison mine, which has generated 11 million ounces of gold.

Gatling shares eased 2.04% in Toronto to $0.48.

Contact the author at [email protected]

Quick facts: Gatling Exploration

Price: 0.45 CAD

TSX-V:GTR
Market: TSX-V
Market Cap: $21.34 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Gatling Exploration named herein, including the promotion by the Company of Gatling Exploration in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Gatling Exploration sees positive results from drill hole on...

Gatling Exploration (CVE:GTR-OTC: GATGF) CEO Nav Dhaliwal joined Steve Darling from Proactive Vancouver with the company’s latest drill results from the Larder Gold Project on Northern Ontario.  Dhaliwal shares the numbers and the location of the hole and why that is so...

5 days, 15 hours ago

2 min read