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MarketScreener Homepage  >  Equities  >  Bourse de Toronto  >  Gatling Exploration Inc.    GTR   CA3680172085

GATLING EXPLORATION INC.

(GTR)
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Gatling Exploration : Drills 114.3 m of 0.8 gt Au from Surface, 3rd Zone Delivers Strong Continuity at Larder's Fernland Deposit

04/08/2021 | 08:20am EDT

Vancouver - GATLING EXPLORATION INC. (TSXV: GTR, OTCQB: GATGF) (the 'Company' or 'Gatling) is pleased to announce additional gold mineralization with continuity from surface.

Results include 114.3 m of 0.8 g/t Au starting at just 3.7 m below surface in hole GTR-21-097.

This drillhole is located in Zone 3 of Fernland, 650 m East of Zone 1 and 300 m East of Zone 2 where recent drilling intersected 170.0 m of 1.5 g/t Au and 101.3 m of 1.1 g/t Au within 30 meters of surface. These results confirm the presence of widespread, near surface mineralization over an increasing area at Fernland - one of three gold deposits along an unbroken 4.5 km mineralized trend at Gatling's Larder gold project.

Jason Billan, President and CEO for Gatling, commented, 'Fernland continues to deliver robust drill results over long intersections thus far in the program, which is consistent with our company's objective to develop the untapped open pit potential at Larder. We expect to release follow-up results at Zones 2 and 3 in the coming weeks at Fernland before shifting focus to the Bear deposit later next month.'

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 km 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 ha project area is positioned 7 km 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.

Contact:

Tel: 1-888-316-1050

Email: ir@gatlingexploration.com

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 - - -
Net income 2020 -9,91 M -7,92 M -7,92 M
Net Debt 2020 0,37 M 0,30 M 0,30 M
P/E ratio 2020 -1,44x
Yield 2020 -
Capitalization 18,3 M 14,6 M 14,6 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 95,2%
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Managers and Directors
NameTitle
Jason Billan President, Chief Executive Officer & Director
P. Joseph Meagher Chief Financial Officer & Secretary
Navjit Dhaliwal Executive Chairman
R. Dale Ginn Chief Operating Officer
Richard Albert Boulay Independent Director
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