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Overview

Larder Project, Ontario, Canada

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Larder Project Highlights

Larder Gold Project Location

Gatling’s Larder gold project hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake – a well-established gold camp that has produced over 70 million ounces of gold. The project is 100% owned 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 ha project area is positioned 7 km west of the Kerr Addison Mine, which produced 11 million ounces of gold and it straddles approximately 9 km strike length of the Cadillac-Larder break. All parts of the Larder property are accessible by truck or all-terrain vehicles on non-serviced roads and trails.

Central to the Larder Gold property is the Cheminis deposit (the "Cheminis Mine"), which includes a vertical shaft to a depth of 1,085 feet with six levels, of which the deepest is at 1,035 ft. Intermittent past production from the Cheminis Mine has totaled approximately 260,000 tons at a recovered grade of approximately 0.104 ounces Au/ton.

Abitibi Map

Gatling’s 2021 Mineral Resource Estimate

Gatling has conducted a new global mineral resource estimate (MRE) in accordance with NI 43-101 Standards of Disclosure for Mineral Projects of 388,000 ounces of gold in the Indicated category and additional, 933,000 ounces of gold in the Inferred category across all three gold deposits.

The global estimate includes open pit and underground mineral resource estimates in the Indicated and Inferred categories for the Fernland, Cheminis and Bear gold deposits. 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.

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Table 3

Gatling Drill Program Success and Upcoming Exploration Objectives

Gatling commenced drilling in 2019 with an initial 10,000 m program that was successful in connecting all 3 deposits and has continued into 2021. The 25,000 m drill program planned for 2021 (see Press Release dated January 7th, 2021) has now been completed and due to the recent success at the Bear deposit, its program has been expanded in scope beyond the original program.  In addition, exploration will continue through Q4 and into 2022 with a focus on several key objectives and targets:

Drill Hole Highlights

Gatling’s Deposits and Prospects

Fernland Deposit

Cheminis Deposit

Bear Deposit

Kir Vit Prospect

Three new gold trends discovered since 2019 which include:

Drill hole highlights

Channel Sample Highlights

2021 Drill program


 Kir Vit plan with drilling

Stripped Outcrop KV

 

Nathan Tribble, P.Geo. has approved the information contained in this web page. Mr. Tribble is the Vice President Exploration with the Company and is a Qualified Person as defined by NI 43-101.

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