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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gatling Exploration Inc | TSXV:GTR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.325 | 0.28 | 0.34 | 0 | 00:00:00 |
VANCOUVER, Sept. 16, 2019 /CNW/ - GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the "Company" or "Gatling") is pleased to announce that it is increasing its current drill program to 35,000 meters. The program has already hit key milestones by confirming high-grade lenses and extending the Bear and Cheminis deposits with multiple holes. Gatling will use the bulk of the expanded program to continue developing the 4-kilometer mineralized trend along the Cadillac Larder Lake Break ("CLLB"), using aggressive step out drilling. Other important areas of focus include the recently-acquired Kir Vit zone, where multiple high-grade samples have been recovered at surface.
Drill Program Highlights
Nav Dhaliwal, CEO and President, stated, "This is the second major expansion of our 2019 drill program at the Larder Gold Project and comes as a result of repeated success. Our main focus will be continued, aggressive step out drilling along the 4-kilometer trend to further expand Bear, Cheminis and Fernland and, ultimately, to test our belief that all three deposits are connected. In addition, we will be allocating more holes to test high-grade targets at the new Kir Vit zone."
The Company also announces that it has granted incentive stock options authorizing the purchase of 200,000 common shares (the "Options") to a director of the Company. The Options are exercisable at $0.58 per share for a period of three years from the date of grant. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan and are subject to TSX Venture Exchange acceptance.
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 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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/gatling-expands-drill-program-to-35-000-meters-at-the-larder-gold-project-ontario-300918336.html
SOURCE Gatling Exploration Inc.
Copyright 2019 Canada NewsWire
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