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Gatling Exploration Inc
Symbol GTR
Shares Issued 45,670,840
Close 2020-02-11 C$ 0.455
Recent Sedar Documents

Gatling drills 39.7 m of 2.5 g/t Au at Larder

2020-02-12 10:13 ET - News Release

Mr. Nav Dhaliwal reports

GATLING DRILLS HIGH-GRADE AND NEAR SURFACE MINERALIZATION; DISCOVERS NEW PARALLEL ZONE AT LARDER GOLD PROJECT

Gatling Exploration Inc. has hit high-grade gold mineralization in four holes at the Cheminis deposit at the Larder gold project, Ontario. Results include both high-grade and widespread gold mineralization, including 8.2 grams per tonne gold over four metres within 2.5 g/t Au over 39.7 m. Importantly, hole GTR-19-034 has intersected a new area of mineralization near the existing mine infrastructure -- newly named the North zone -- which indicates a secondary gold-bearing quartz vein system at the Cheminis zone. Gatling will be prioritizing the new North Zone for follow up.

News highlights:

  • New North zone at Cheminis deposit: Hole GTR-19-034 has intersected new gold mineralization 50 m from the shaft, indicating a previously unknown secondary quartz vein system. The new zone includes 7.7 g/t Au over two m. Gatling will now be conducting a further study to resample zones that were overlooked in the past to further validate this new North zone.
  • High-grade gold in proximity to mine infrastructure: Recent drilling at the Cheminis deposit has encountered a large, widespread mineralized zone with a significant high-grade component. Of particular note, Gatling drill holes confirm historic grades within proximity to the historic stope and workings that were not included in the historic resource estimate. Recent drilling also confirms historic stope and development geometry and location.
  • Drilling of zones for metallurgical testing: Gatling will conduct metallurgical testing on the known zones of the 2019 and 2020 drilling completed at the Larder gold project. The majority of the remaining 2019 Cheminis drill holes will be utilized for this initiative.

Nav Dhaliwal, president and chief executive officer, stated: "Our growth strategy at Larder has three components: proving all three major zones are connected, expanding each of those zones and, of course, discovering new areas of mineralization. These drill results are the latest in a series of successful advancements -- in this case, growing the Cheminis zone and discovering a new parallel zone of mineralization. It has become increasingly clear that Larder is host to a multilens system, and the growing prominence of new parallel veins and offshoots bodes well for future ounce-per-vertical-metre metrics."

                CHEMINIS DRILL HOLE HIGHLIGHTS

Hole ID      From (m)  To (m)  Length (m)  Au (g/t)            Zone 
         
GTR-19-034      264.0   266.0         2.0       7.7           North         
GTR-19-039A      97.3   137.0        39.7       2.5  South Volcanic
Including       133.0   137.0         4.0       8.2  South Volcanic
GTR-19-040        7.0     9.0         2.0       7.3  South Volcanic
                 29.7    51.0        21.3       1.7  South Volcanic
                 76.0    78.0         2.0       6.8  South Volcanic
                117.1   120.0         2.9       4.9  South Volcanic
                125.0   131.0         6.0       6.1      Ultramafic    
Including       125.0   128.0         3.0       9.6      Ultramafic    
GTR-19-041       22.0    23.0         1.0       8.1      Ultramafic    
                124.0   151.0        27.0       1.4  South Volcanic
                183.0   201.0        18.0       1.6  South Volcanic
Including       197.0   201.0         4.0       3.8  South Volcanic

Qualified person

The technical content of this news release has been reviewed and approved by Nathan Tribble, PGeo, vice-president of exploration of Gatling Exploration, and a qualified person pursuant to National Instrument 43-101.

About Gatling Exploration Inc.

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 kilometres east of Kirkland Lake. The project is 100 per cent controlled by Gatling and comprises patented and unpatented claims, leases, and mining licences of occupation within the McVittie and McGarry townships. The 3,370-hectare project area is positioned seven km west of the Kerr Addison mine, which produced 11 million ounces of gold.

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