Gatling Reports High-Grade Surface Sample Results at Kir Vit, Larder Gold Project, Ontario
(firmenpresse) - Vancouver, British Columbia, August 27, 2019 - GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the Company or Gatling) is pleased to provide an update on its current exploration activities at the Kir Vit zone of the Larder Gold Project, located 4 kilometers north of the ongoing drilling campaign at the Bear, Cheminis and Fernland deposits along Cadillac Larder Lake Break.
Exploration Highlights
- High-Grade Gold at Surface. Gatlings 2019 surface exploration program has been primarily focused on the Kir Vit zone. The program has collected samples from historical trenches, pits, and multiple exposed outcrops. High-grade gold has been recovered along the altered volcanic contact with both the syenite intrusion and conglomerate units. Sample values include 7.0 g/t Au and 6.7 g/t Au.
- Geological Understanding of the Kir Vit. The historical work completed on the property was extremely well documented and aided in Gatlings 2019 surface program. From this comprehensive work completed thus far, Gatling has been able to establish that both intrusive style mineralization and Timiskaming conglomerate mineralization is present at the Kir Vit zone. Proximal to both mineralized trends are altered mafic volcanic rocks that also show indication of late stage mineralization as well as hydrothermal alteration (Figure 2).
- Large Hydrothermal Footprint. Multiple alteration assemblages have been identified in the field that indicate a large hydrothermal footprint. Alteration encountered thus far includes sericite, albite, epidote, silica, hematite and carbonate.
- Proximity to Existing Resources. The Kir Vit zone has displayed multiple similarities to nearby deposits including the Porphyry style mineralization at Agnico Eagles Upper Beaver deposit (Figure 1). The current exploration target is approximately 10 kilometers south east of Agnico Eagles Upper Beaver deposit, which has an indicated mineral resource of 1,461,000 oz Au at 6.62 g/t Au with 56,006,000 lbs. Cu at 0.37% Cu (6,870,000 t) and an Inferred resource of 712,000 oz Au at 4.85 g/t Au with 32,218,000 lbs. Cu at 0.32% Cu (4,570,000 t). (Technical Report on the Upper Beaver Gold-Copper Project, Ontario, Canada, SRK Consulting, September, 2012)
- Drilling Program Underway. Gatling is using all of the collected data to help with planning of the current 3,500-meter drill program that is underway at the Kir Vit zone. Initial drilling has exposed heavily altered syenites, altered volcanics, quartz-carbonate breccia patches and multiple lenses of conglomerate. Gatling will provide assay results as they come in.
Table 1. Summary of surface samples collected by Gatling Exploration from the Kir Vit zone
Surface Zone Au (g/tLithology Description
Sample )
Type
Grab Kir 7.0 Mafic Strong sericite-hematite
Vit Volcanic alteration with 2%
pyrite
mineralization
Grab Kir 6.7 Mafic Strong
Vit Volcanic hematite-ankerite-silica
alteration with 5% pyrite min
eralization
Grab Kir 1.2 ConglomeratMatrix supported with strong
Vit e silica-hematite alteration,
and
jasper clasts within
Grab Kir 1.0 ConglomeratMatrix supported
Vit e conglomerate with moderate
silica
alteration
Grab Kir 1.0 Syenite Strong sericite altered
Vit syenite with >5% pyrite
mineralization
Grab Kir 0.8 Mafic Moderate sericite-albite
Vit Volcanic alteration with 1% pyrite
mineralization
Grab Kir 0.8 Syenite Moderate
Vit silica-hematite-sericite-alb
ite altered
syenite
Grab Kir 0.5 ConglomeratMatrix supported with
Vit e moderate hematite-silica
alteration, oxidation
features and >5% pyrite
mineralization
Grab Kir 0.4 ConglomeratMatrix supported with
Vit e moderate silica
alteration and multiple
jasper
clasts
Grab Kir 0.4 Mafic Weak to moderate silica
Vit Volcanic alteration with
quartz-calcite veinlets
throughout and 1% pyrite
mineralization
https://www.irw-press.at/prcom/images/messages/2019/48676/2019-08-27 GTR NR Summer Surface Exploration Update_PRCOM.001.jpeg
Figure 1. Larder Gold Project showing deposits and prospects with regional gold trends.
https://www.irw-press.at/prcom/images/messages/2019/48676/2019-08-27 GTR NR Summer Surface Exploration Update_PRCOM.002.jpeg
Figure 2. Kir Vit zone with 2019 mapped outcrops and surface samples.
QA/QC
Surface samples are collected in the field at the Larder Gold project site and divided into 2 samples. One sample is sent ActLabs in Timmins, Ontario for assay and the other half is secured and retained on site. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than 5.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. Certified reference standards and blanks are routinely inserted into the sample stream as part of Gatlings quality control/quality assurance program.
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 kilometers 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-hectare project area is positioned 7 kilometers 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.
Qualified Person
The technical content of this news release has been reviewed and approved by Nathan Tribble, P. Geo., VP Exploration of Gatling Exploration and a Qualified Person pursuant to National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President and CEO
Gatling Exploration Inc.
For further information on Gatling, contact Investor Relations
Telephone: 1-888-316-1050
Email: ir(at)gatlingexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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Datum: 27.08.2019 - 03:33 Uhr
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