Gatling Obtains Kir Vit Drilling Permit and Acquires Remaining Interest on Swansea Leases at the Larder Gold Project, Ontario - Seite 2

Foto: Accesswire

Figure 1. Gatling Exploration 2019 Kir Vit drill plan map showing geology, assays and two new gold trends. Kir Vit is located 6 km north of the Cadillac Larder Lake Break, which hosts the Fernland, Cheminis, and Bear deposits.

Foto: Accesswire

Figure 2. Map of the stripped outcrop at Kir Vit with associated geology, structures, channels, gold assays and trends.

Swansea Zone Highlights

• Favourable Cadillac Larder Lake Break Geological Units and Structure. The Swansea zone is located on the western portion of Gatling's Larder Gold Project, and it hosts similar geology to the three high-grade gold deposits on the eastern portion. Rock types such as ultramafics, mafic volcanics and metasediments are mapped and encountered through historical drilling. The prolific CLLB is also visible in LiDAR and along geological contacts at the Swansea zone which Gatling will be utilizing in future exploration programs.
• Historic Drilling Intersected Gold Mineralization. In the 1980's drilling intersected 4.0 g/t Au over 6.1 m including 10.0 g/t Au over 1.5 m (Figure 3). Approximately 19,000 m of historic drilling has been completed on the Swansea zone whereas the eastern portion of the Larder Gold Project has seen over 250,000 m of drilling on the three high-grade gold deposits. The Swansea zone remains underexplored compared to rest of the property.
• 4 km of Underexplored Strike Length. The Swansea zone has a strike length of approximately 4 km (Figure 3), similar to the well-defined three high-grade gold deposits on the eastern portion of the Larder property. This significant strike length has both favourable structures and rock units making the Swansea zone an excellent target for Gatling's future exploration programs.

Foto: Accesswire

Figure 3. Plan View of Gatling's Larder Gold Project with geology, structures, deposits, mineralized zones and newly acquired leases on the Swansea zone.

Lease Acquisition Agreement
Under the terms of the Agreement, the Company will issue 150,000 common shares to the vendor as full compensation for the vendor's 25% interest. The Agreement is subject to the acceptance of the TSX Venture Exchange. The shares will be subject to regulatory hold periods expiring four months and one day from the date of issue.

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 km 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 ha project area is positioned 7 km 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.