Gatling reports initial 1.3 Moz gold resource at Larder
(Kitco News) - Gatling Explorations (TSXV: GTR, OTCQB: GATGF) today announced an initial global mineral resource estimate in accordance with NI 43-101 Standards for its Larder gold project, located on the Cadillac-Larder Lake break, in the Abitibi greenstone belt, Ontario.
According to the company's statement, global in-pit and underground mineral resource estimates for the Fernland, Cheminis and Bear deposits amounted to 388,000 oz Au in indicated and 933,000 oz Au in inferred categories, for a total of 1,321,000 oz.
The company said that this mineral resource estimate incorporates the full drilling database available, including 237,000 m of historical drilling and 58,000 m of new drilling completed by Gatling between January 2019 and July 2021, on the three deposits.
President and CEO Jason Billan commented, "With an initial mineral resource estimate of over 1.3 million ounces for the Larder gold project, Gatling has achieved a major milestone which was accomplished following several months of diligent effort by Gatling's technical team and SGS Geological Services."
Importantly, Gatling added that with a current mineral resource model in hand, the company is well-equipped to identify and concentrate on the further growth potential at Fernland, Cheminis and Bear in the near-term, with a goal of advancing the property into the multi-million ounce category.
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 project hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake.