Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Gold Explorer Finishes Surface Work, Starts Drilling at Abitibi Project
News Update

Share on Stocktwits


The focus of both programs is a single zone at the gold property.

Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) reported in a news release the findings from its surface exploration work at the Kir Vit zone of the Larder gold project in Ontario's Abitibi belt.

The company determined the presence of high-grade gold at surface, specifically 7 grams per ton gold and 6.7 grams per ton gold.

It also confirmed Kir Vit's geology, that it features both "intrusive-style mineralization and Timiskaming conglomerate mineralization," according to the release. Altered mafic rocks close to both mineralized trends indicate late-stage mineralization and hydrothermal alteration. Several alteration assemblages suggest a sizable hydrothermal footprint there.

Finally, the Canadian explorer discovered that Kir Vit has characteristics similar to those of nearby deposits, such as Agnico Eagle's Upper Beaver with porphyry-style mineralization.

Now, Gatling is drilling 3,500 meters at Kir Vit. So far, drilling "exposed heavily altered syenites, altered volcanics, quartz-carbonate breccia patches and multiple lenses of conglomerate," the release noted. The company will report drill hole assays when they are available.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gatling Exploration. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe