Gatling Reports Positive Preliminary Metallurgical Testing Results at the Larder Gold Project - Seite 2

Deposit Name

Au Extraction %

Head

Grade

Au g/t

BWI Index

Gravity

Au % Recovery

Cyanide

Au % Extraction

Overall Au % Recovery

Gravity + Cyanide

8 hr

48 hr

Fernland

86

87.8

5.17

45

4.2

87.8

88.3

Cheminis

76

79.5

5.71

44

6.2

79.5

80.8

Bear

81

85.6

5.87

78

43.5

85.6

91.9

Jason Billan, President and CEO for Gatling commented, "This preliminary level, metallurgical testwork provides a baseline on the three deposits currently being evaluated at the Larder project. We expect to conduct further testing in the coming months to evaluate the host of optimization opportunities to enhance overall recoveries towards the benchmark figures typically seen in the Abitibi, in the range of the low-to-mid 90%, for operating mines. While the initial sample representing the Cheminis deposit came in lower than anticipated, we are confident that further testing will yield higher recoveries, as evidenced by the 3,800 tonne bulk sample conducted by Northfield Minerals, sent to the Kerr mill in 1990, which achieved a recovery rate of 94%."