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.
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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.
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