VANCOUVER, Aug. 27, 2019 /CNW/ - 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. Gatling's 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 Gatling's 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 Eagle's Upper Beaver
deposit (Figure 1). The current exploration target is approximately
10 kilometers south east of Agnico Eagle's 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).1
- 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
Sample Type
|
Zone
|
Au
(g/t)
|
Lithology
|
Description
|
Grab
|
Kir Vit
|
7.0
|
Mafic
Volcanic
|
Strong
sericite-hematite alteration with 2% pyrite
mineralization
|
Grab
|
Kir Vit
|
6.7
|
Mafic
Volcanic
|
Strong
hematite-ankerite-silica alteration with 5%
pyrite mineralization
|
Grab
|
Kir Vit
|
1.2
|
Conglomerate
|
Matrix supported with
strong silica-hematite
alteration, and jasper clasts within
|
Grab
|
Kir Vit
|
1.0
|
Conglomerate
|
Matrix supported
conglomerate with moderate
silica alteration
|
Grab
|
Kir Vit
|
1.0
|
Syenite
|
Strong sericite
altered syenite with >5% pyrite
mineralization
|
Grab
|
Kir Vit
|
0.8
|
Mafic
Volcanic
|
Moderate
sericite-albite alteration with 1% pyrite
mineralization
|
Grab
|
Kir Vit
|
0.8
|
Syenite
|
Moderate
silica-hematite-sericite-albite altered
syenite
|
Grab
|
Kir Vit
|
0.5
|
Conglomerate
|
Matrix supported with
moderate hematite-silica
alteration, oxidation features and >5% pyrite
mineralization
|
Grab
|
Kir Vit
|
0.4
|
Conglomerate
|
Matrix supported with
moderate silica alteration
and multiple jasper clasts
|
Grab
|
Kir Vit
|
0.4
|
Mafic
Volcanic
|
Weak to moderate
silica alteration with quartz-
calcite veinlets throughout and 1% pyrite
mineralization
|
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
Gatling's 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.
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.
______________________
|
1
(Technical Report on the Upper Beaver Gold-Copper Project, Ontario,
Canada, SRK Consulting, September, 2012)
|
SOURCE Gatling Exploration Inc.