Gatling Obtains Kir Vit Drilling Permit and Acquires Remaining Interest on Swansea Leases at the Larder Gold Project, Ontario
VANCOUVER, BC / June 3, 2021 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling) is pleased to announce that it has obtained its drilling permit for the Kir Vit prospect six km north of the three high-grade gold deposits at the Larder Gold Project. The Company's maiden program at Kir Vit hit gold mineralization in 13 out of 16 holes and discovered three new mineralized zones. Gatling has also entered into an acquisition agreement (the "Agreement") to acquire a 25% interest in certain mining leases on the western portion of the Larder property known as the Swansea zone, such that Gatling will now hold a 100% interest in all mining leases and claims on its Larder property.
Kir Vit Zone Highlights and Upcoming Activity
Three New Gold Discoveries Since 2019. Gatling has identified three new gold zones at the Kir Vit prospect since 2019 through drilling and surface exploration programs. Drilling discovered intrusion related and conglomerate hosted gold mineralization (Figure 1). In 2020 a large outcrop stripping campaign was conducted, cross cutting all favorable rock types, and uncovered a new set of gold mineralized shear zones that trend NE-SW and dip steeply to the NW. These newly discovered high-grade gold shear zones include grades up to 16.2 g/t Au and will be the focus of the 2021 Phase II drill program in early Q3 (Figure 2).
- Published: 03 June 2021
- Written by Editor