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Gatling Exploration has reported promising results from its drill program at the Larder Gold project, enhancing the upcoming mineral resource estimate scheduled for Q3 2021. Key findings include 7.7 g/t Au over 17.0 m at the Bear deposit, indicating significant continuity of gold mineralization. The successful completion of a 13,500 m drill program at the Fernland deposit also reveals multiple new mineralized zones. The company's exploration efforts are ongoing, focusing on previously underexplored areas and demonstrating strong potential for resource expansion.
Gatling Exploration Inc. has announced an Exploration Agreement with Matachewan and Wahgoshig First Nations for its Larder Project, marking a significant partnership step since discussions began over two years ago. The agreement aims to foster cooperation, communication, and opportunities for First Nations businesses in exploration activities. As part of the agreement, Gatling will issue 100,000 common shares and 100,000 stock options to the First Nations Groups at $0.365 per share. The project is located in Ontario’s Abitibi greenstone belt, known for high-grade gold deposits.
Gatling Exploration (TSXV:GTR; OTCQB:GATGF) has successfully closed the first tranche of its private placement, raising a total of $2,326,240. This includes 2,050,000 units at $0.40 each, generating $820,000, and 3,347,200 flow-through shares at $0.45, yielding $1,506,240. Funds will be allocated for Canadian Exploration Expenses and general working capital. Insiders participated in the placement, and securities are subject to a four-month hold. Additionally, the company will issue 150,000 common shares related to acquiring a 25% interest in mining leases.
Gatling Exploration Inc. (TSXV:GTR)(OTCQB:GATGF) has announced a private placement to raise up to $3,000,000. The offering includes 4,444,445 flow-through common shares at $0.45 each and 2,500,000 units priced at $0.40, each comprising one common share and half a warrant. The proceeds will fund Canadian Exploration Expenses, with flow-through mining expenditures qualifying under the Income Tax Act. All offered securities will be subject to a four-month hold and require acceptance by the TSX Venture Exchange.
Gatling Exploration Inc. has secured a drilling permit for the Kir Vit prospect at the Larder Gold Project, where it reported gold mineralization in 13 of 16 drilled holes. The company has also entered an acquisition agreement for a 25% interest in mining leases at the Swansea zone, increasing its ownership to 100%. Key highlights include three new gold discoveries, a Phase II drill program set for July, and a substantial underexplored strike length at Swansea. The company plans to issue 150,000 shares as compensation for the acquisition, pending TSX Venture Exchange approval.
Gatling Exploration Inc. (GATGF) announced the addition of a second drill rig at the Bear deposit to expedite exploration efforts ahead of their Q3 2021 resource update. The new rig will test near-surface extensions and is part of a 5,000 m drilling program. Preliminary metallurgical testing has also commenced to analyze gold recoveries across three high-grade deposits. Drilling at the Fernland deposit has shown promising results, with significant gold intersections reported, enhancing the potential for a starter-style deposit. Results are expected to support the upcoming resource estimate.
Gatling Exploration Inc. (TSXV:GTR)(OTCQB:GATGF) reported a strong first quarter of 2021, appointing a new technical advisory board and advancing its 25,000 metre drill program. Key findings at the Fernland deposit include significant intersections, with lengths of up to 200 m, suggesting potential for a starter open pit. A second drill rig is set to arrive in May, enhancing drilling at Fernland, Bear, and Kir Vit. The company also plans metallurgical testing and aims for a resource update by Q3 2021. Gatling's shares are noted to have a valuation gap compared to peers amid regional consolidation activity.
Gatling Exploration has announced significant drilling results at the Fernland deposit, highlighting 200.7 m of 1.5 g/t Au in hole GTR-21-111. This marks the highest metal factor recorded to date at the Larder gold project. The ongoing 25,000 m drilling program aims to define gold zones and explore deeper connections. Drilling has confirmed consistent grades across three zones, suggesting strong near-surface mineralization. Recent results include 29.0 m of 2.4 g/t Au and 23.7 m of 6.1 g/t Au, indicating robust potential for a starter-style deposit.
Gatling Exploration Inc. announces significant gold mineralization at its Larder Gold Project with drill results revealing 114.3 m of 0.8 g/t Au from just 3.7 m below surface in Zone 3. This confirms extensive near-surface mineralization, enhancing the potential for a starter-style deposit. The latest results build on previous high-grade discoveries, including 170.0 m of 1.5 g/t Au at Zone 2. Gatling plans to release further results and an initial resource estimate later in 2021, reflecting ongoing positive drilling success.
Gatling Exploration Inc. (GATGF) announced significant drilling results from its Larder gold project in Ontario, revealing 170.0 m of 1.5 g/t Au starting just 31 m from surface. This follows previous findings of 101.3 m of 1.1 g/t Au at Zone 1. The results indicate enhanced continuity and grade of gold mineralization, with 75% of the intersected mineralization above the regional open pit cut-off of 0.3 g/t Au. The company plans to focus on Zone 2 while preparing for an initial resource estimate for Fernland.
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