The primary focus will be near surface and along strike targets at all three high-grade zones as the Company continues to prove up mineralization along the continuous 4.5 km strike. In addition, a number of holes will follow up the 2020 drilling success at the Kir Vit prospect, 6 km north of the existing deposits.
The Company also notes that, following the close of its successful
Larder Gold Project Exploration Plan and Strategy for 2021
Fernland Deposit Expansion - 13,500 m targeting near surface gold mineralization along strike and at depth. Initial drilling planned to prove up near surface gold zones by testing the lateral extent of gold mineralization heading westward towards the historic Omega mine in addition to new mineralized lenses at depth.
Cheminis Deposit Expansion - 3,000 m targeting near surface gold mineralization along the north and south zones on the main Cadillac Larder
Bear Deposit Expansion - 4,500 m targeting along strike and up plunge. Targets are defined to tie together continuous mineralization between the heart of the Bear deposit (commencing at approximately 500 m below surface) and the high-grade lenses closer to surface. If drilling validates the continuity of the mineralization at the Bear deposit, this will establish nearly 1 km of vertical gold mineralization, becoming the largest mineralized body at the Larder Gold project.
Kir Vit Prospect Hotspots - 4,000 m targeting new mineralized horizons and following up on 2019 first pass drilling which intersected gold mineralization in 13 out of 16 holes. In addition, the 2020 stripping campaign discovered a third gold trend at Kir Vit which will be tested in this drill campaign. Channel samples from the newly identified northeast-southwest trending shear zones resulted in grades up to 16.2 g/t Au over 1.0 m at surface.
Project De-Risking and Resource Advancement. Gatling is currently preparing to complete an updated resource estimate on the Larder Gold project and conduct preliminary pit/underground stope optimization models for all three high-grade gold deposits. Concurrently, metallurgical sampling will be completed.
Regional Exploration. Gatling will conduct a thorough field program to investigate newly identified targets from our 2020 campaign. Initial targets will include LiDAR trends along the main break and structural traps, east-west conglomerate trends, intrusion-related trends and upcoming AI targets from
2020 Larder Gold Project Highlights
Confirmation of 4.5 km of continuous gold mineralization between Fernland, Cheminis and Bear deposits
Intersecting high-grade and near surface gold mineralization at Fernland including 11.9 g/t Au over 4.0 m and 2.4 g/t Au over 29.0 m
Discovery of a new parallel zone and significant near surface gold mineralization at the Cheminis deposit including 6.1 g/t Au over 6.0 m and 2.5 g/t Au over 39.7 m
Extension of the Bear deposit along strike and up plunge with high-grade gold intersections including 85.1 g/t Au over 3.0 m
Discovery of three new gold trends at Kir Vit - Intrusion-related, conglomerate-hosted, and shear-hosted including 16.2 g/t Au over 1.0 m, 8.2 g/t Au over 1.0 m and 2.8 g/t Au over 7.0 m in channel samples
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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.
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