Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) announced Wednesday that it has intersected high-grade mineralization in two new holes at its Larder gold project in the prolific Abitibi greenstone belt of northern Ontario.
The Canadian gold exploration company said the holes, which include 85.1 gram per ton (g/t) gold (Au) over 3 meters and 8.4 g/t Au over 1.5 meters, further extend the strike length and up plunge mineralized trend at the Bear deposit, one of Gatling's three promising deposits along a 4.5 kilometer trend at Larder.
In a statement Gatling Exploration CEO Nav Dhaliwal said: “Gatling's 2020 ice drilling program has been a great success and we are thrilled with the remarkable strength of the mineralization we have encountered, as well as the 250-meter up plunge and farthest eastern strike length extension to date.”
Dhaliwal added: “The results generated throughout our initial program continue to show that the extent of mineralization at Larder is far greater than previously anticipated, and we are looking forward to our next phase of drilling in the coming weeks.”
While talking about future near surface targets, the company said the 2020 ice drilling program was designed to target the up-plunge portion of the Bear deposit and was successful in hitting the targets. “Additional high priority, near surface targets remain to be tested,” it added.
Gatling said the next phase of drilling at Larder will test the connection between the Fernland and Cheminis deposits to establish mineralization over a continuous 4.5-kilometer strike length.
The exploration company added that the 2020 program will also include western extension drilling at Fernland towards Omega mine and “phase II exploration at the Kir Vit prospect where 13 of 16 holes intersected gold mineralization.”
Kir Vit is a recent addition to the Larder property and lies six kilometers north of the main trend that hosts Gatling's three deposits: Cheminis, Bear and Fernland.
Gatling sunk 16 holes at Kir Vit last year, 13 of which hit anomalous gold values of over 1 gram per ton. Results included 5.9 g/t of the yellow metal over 3 meters and 5.1 g/t over 3 meters.
The firm's Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 kilometers east of Kirkland Lake. The 3,370-hectare project lies 7 kilometers west of the Kerr Addison mine, which produced 11 million ounces of gold.
Contact the author Uttara Choudhury at [email protected]
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