Gatling Discovers 3rd High-Grade Gold Trend at Kir Vit; Encounters Highest Grades to Date

Rhea-AI Summary

Gatling Exploration (GATGF) reports high-grade gold results from channel sampling at its Kir Vit prospect, part of the Larder gold project in Ontario. Significant results include samples grading 16.2 g/t Au and 8.2 g/t Au, marking the discovery of a third mineralized trend. Previous drill tests reported mineralization in 13 out of 16 holes earlier this year. The new findings will inform a Phase 2 drill program, as stated by VP Exploration Nathan Tribble, highlighting the potential for further high-grade discoveries.

Positive

• High-grade gold results reported with 16.2 g/t Au and 8.2 g/t Au from channel sampling.
• Discovery of a third mineralized trend at Kir Vit, enhancing exploration potential.
• Previous drilling results showed mineralization in 13 out of 16 holes.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / November 4, 2020 / GATLING EXPLORATION INC. (TSXV:GTR) (OTCQB:GATGF) (the "Company" or "Gatling") is pleased to announce high-grade results from channel sampling at the Kir Vit prospect - part of the Larder gold project in Ontario. Kir Vit lies 6 kilometers north of Gatling's high-grade deposits on the main Cadillac Larder Lake Break. Results include 16.2 g/t Au and 8.2 g/t Au in what is now the third trend discovered by Gatling at Kir Vit. The first two trends were discovered earlier this year when the Company's first pass drilling on the prospect hit mineralization in 13 out of 16 holes (see news release dated March 2, 2020).

News Highlights

• High-Grade Gold Discovered at Kir Vit. Surface channel samples at the Kir Vit prospect have returned high grade gold results including 16.2 g/t Au over 1.0 m, 8.2 g/t Au over 1.0 m and 4.4 g/t Au over 1.0 m (Table 1). Channel sampling also returned a grade of 2.8 g/t Au over 7.0 m through a central sheared section of the outcrop. Gatling selected outcrops to strip, map and sample using LiDAR data, IP anomalies, and geochemical data (Figure 2).
• Gold Discovered in Newly Identified NE-SW Trending Shear Zones. A new set of NE-SW trending shear zones identified through outcrop mapping are associated with gold mineralization at the Kir Vit prospect. Channel sampling also highlighted intrusion related gold mineralization along the contact between the mafic volcanics and syenite. Shear hosted gold mineralization marks a third trend of mineralization at Kir Vit, in addition to intrusion related and conglomerate hosted trends which were identified in 2019 drilling.
• Next Phases of Exploration. The new exploration results will be integrated into Gatling's plans to follow up with the new mineralized trends with a Phase 2 drill program at Kir Vit as well as additional surface work on other exposed outcrops.

Nathan Tribble, VP Exploration for Gatling, commented, "The discovery of a 3^rd mineralized trend at the Kir Vit prospect, which includes the highest grades encountered to date, is very promising. Our first pass drilling hit gold mineralization in 13 out of 16 holes, and we are now factoring in the location of these new, higher grade results as we plan the next round of drill holes."

Table 1. Channel Sample Highlights

Channel ID	Sample Location ID	Easting	Northing	Lithology-Zone	Au (g/t)
Channel 9	9_1	598625	5334112	Volcanic-Syenite contact	16.2
Channel 1	1_8	598634	5334118	Shear zone	8.2
Channel 1	1_4	598638	5334118	Mafic Volcanic	4.4
Channel 1	1_18	598624	5334118	Volcanic-Syenite contact	2.8
Channel 1	1_19	598623	5334118	Volcanic-Syenite contact	2.7
Channel 1	1_3	598639	5334118	Mafic Volcanic	2.7
Channel 1	1_9	598633	5334118	Shear zone	2.6
Channel 2	2_10	598634	5334122	Shear zone	1.4
Channel 4	4_17	598623	5334114	Volcanic-Syenite contact	1.2
Channel 1	1_7	598635	5334118	Shear zone	1.1
Channel 2	2_22	598622	5334122	Volcanic-Syenite contact	0.9
Channel 1	1_12	598630	5334118	Mafic Volcanic	0.9
Channel 2	2_7	598637	5334122	Mafic Volcanic	0.8
Channel 4	4_16	598624	5334114	Mafic Volcanic	0.6
Channel 3	3_5	598641	5334126	Mafic Volcanic	0.6
Channel 4	4_9	598631	5334114	Mafic Volcanic	0.6

High-Grade Sample Descriptions

Channel 9 - Sample Location ID 9_1 - 16.2 g/t Au

Green mafic volcanics with silica fracture filling throughout. Pervasive hematite-sericite-chlorite alteration with an increase in intensity towards intrusion contact and 1% whispy pyrite mineralization.

Channel 1 - Sample Location ID 1_8 - 8.2 g/t Au

Light green aphanitic mafic volcanic host with silica overprinting textures. Alteration includes hematite haloes near the edges of the shear zone. Mineralization includes visible gold and whispy pyrite up to 10% that is concentrated in a shear zone trending NE-SW within the volcanic host (Figure 3).

Channel 1 - Sample Location ID 1_4 - 4.4 g/t Au

Green aphanitic mafic volcanics with silica fracture filling throughout. Pervasive hematite-sericite haloes are present. Mineralization is 1-2% fine grained pyrite located within the mafic volcanics proximal to the NE-SW trending shear zones.

Channel 1 - Sample Location ID 1_18 - 2.8 g/t Au

Beige medium grained contact zone between mafic volcanics and syenitic intrusion. Strong pervasive silica-sericite alteration and up to 5% pyrite mineralization increasing towards syenite intrusion.

Figure 1. Regional map with geology, structures, Gatling's high grade gold deposits and the Kir Vit propsect.

Figure 2. Map of the stripped outcrop at Kir Vit with associated geology, structures, channels, gold assays and trends.

Figure 3. Channel sample ID 1 - Location 1_8 - Sample taken in newly identified NE-SW trending shear zone from Kir Vit with visible gold.

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 and the Kir Vit prospect 6 kilometers north which hosts 3 new gold trends. 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.

QA/QC

Channel samples are described and sampled at the Larder Gold project site. Channel samples from the program are cut off the outcrop using a handheld diamond cutting saw and then sent for assay at SGS lab in Cochrane, Ontario. 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.

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,

Jason Billan, President and CEO

Gatling Exploration Inc.

For further information on Gatling, contact Investor Relations

Telephone: 1-888-316-1050
Email: ir@gatlingexploration.com

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.

SOURCE: Gatling Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/614324/Gatling-Discovers-3rd-High-Grade-Gold-Trend-at-Kir-Vit-Encounters-Highest-Grades-to-Date

FAQ

What are the recent gold results from Gatling Exploration's Kir Vit prospect?

Gatling Exploration reported high-grade gold channel samples, including 16.2 g/t Au and 8.2 g/t Au.

When did Gatling Exploration discover the third mineralized trend at Kir Vit?

The third trend was discovered recently, following earlier discoveries and drilling in 2020.

What is the significance of the channel sampling results for GATGF?

The channel sampling results indicate potential for high-grade gold and will inform further exploration efforts.

How many drill holes showed mineralization at Kir Vit earlier this year?

Mineralization was reported in 13 out of 16 drill holes earlier in 2020.

What exploration plans does Gatling have following the recent findings at Kir Vit?

Gatling plans to conduct a Phase 2 drill program to explore the newly identified mineralized trends.