Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) reported positive step-out drilling news from its Larder gold project in Ontario, saying the Bear deposit there has been extended nearly one kilometer to the west and closer to surface.
Bear is one of three deposits at the flagship project, which the firm believes are all connected via mineralization. The other two are Fernland and Cheminis.
Two holes were sunk between the Bear and Cheminis deposits and excellent widths and grades were encountered, said Gatling.
One hole hit 11.2 grams per ton (g/t) gold over 5 meters (m) while the other encountered 8.3 g/t of the precious metal over 2 m and 5.1 g/t gold over 3 m within 150 m of surface
"We have further extended the Bear deposit – this time nearly one kilometer west and much closer to surface," said Dale Ginn, Gatling's chief operating officer.
"The new holes encountered strong grades and widths and are particularly important because the plunge direction of the mineralized lenses is becoming predictable, which in turn help us to target further expansions."
Further assays are anticipated for drilling, which was completed at near surface targets at Cheminis and Fernland zone extensions.
The firm is aiming to prove the three deposits are part of a continuous, multi-lens system with a strike length greater than 4 km.
Gatling shares added 7.6% to C$0.50 each in Toronto.
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