Vancouver Exploration Company Achieves Milestone at Gold Project in the Abitibi
Gatling Exploration completed metallurgical tests on its three deposits at Larder, which provided initial gold recovery levels on which the company aims to improve.
In its rapid advancement of the Larder gold project, Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCQX) just achieved a potential stock-moving milestone with the release of first metallurgical testing results.
"Total gold recovery at Cheminis was 80.8%, at Fernland, 88.3% ... Bear, at 91.9%."
Larder, Gatling's only project, is a 3,370 hectare gold property that hosts three connected, high-grade gold deposits-Bear, Cheminis and Fernland-spanning 4.5 kilometers (4.5 km) in northern Ontario's Abitibi Greenstone Belt.
The deposit sits along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake, an established gold camp where more than 70,000,000 ounces (70 Moz) of gold have been produced. Only 7 km away from Larder is the Kerr Addison mine that produced 11 Moz of gold.
As for the new metallurgical results, detailed in a news release, combined gravity and standard cyanide extraction methods returned initial recoveries between 81% and 92% for the three deposits. Total gold recovery at Cheminis was 80.8% and at Fernland, 88.3%. Gold recovery was the highest at Bear, at 91.9%.
In comparison, typical overall recoveries at operating mines in the Abitibi are in the low to mid-90% range. Thus, Vancouver-based Gatling intends to conduct additional testing to determine the best way to achieve gold recoveries at its three deposits, which are at least on par with the benchmark for the region.
In terms of other work taking place at Larder, Gatling is continuing its 70,000 meter drill campaign there. Through drilling to date, the company not only connected the three deposits but also discovered gold at Kir Vit and delineated near-surface gold zones at Fernland.
The next catalysts for fast-moving Gatling, expected in Q4/21, are release of more drill results, from Bear and Kir Vit.
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