Duyuru • May 26
Gatling Exploration Common Shares to Be Deleted from Other OTC Gatling Exploration Inc. Common Shares will be deleted from Other OTC effective from May 25, 2022, due to Acquisition /Merger /Amalgamation. Duyuru • May 22
Gatling Exploration Inc.'s Common Shares Be Delisted from the Exchange The arrangement consists of an arm's length acquisition by MAG Silver Corp. of all of the issued and outstanding common shares (the "Gatling Shares") of Gatling Exploration Inc. in exchange for issuing 0.0170627 of a share of MAG for each Gatling Share by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). In conjunction with the consummation of the Arrangement, the Company has requested that its Common Shares be delisted. Accordingly, effective at the close of business on May 24th, 2022 the Common Shares under the symbol GTR of the Company will be delisted from the Exchange. Duyuru • May 21
MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others. MAG Silver Corp. (TSX:MAG) entered into an arrangement agreement to acquire Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others for CAD 18.3 million on March 10, 2022. Pursuant to the Arrangement Agreement, shareholders of Gatling will receive 0.0170627 of one common share of MAG for each Gatling share. Option holders of Gatling will receive replacement options of MAG and holders of outstanding common share purchase warrants of Gatling will have their warrants adjusted in accordance with their respective contractual terms. Upon completion of the Transaction, it is expected that Gatling shareholders will hold approximately 0.79% of MAG shares on an outstanding basis. Concurrent with the signing of the Arrangement Agreement and subject to TSXV approval, MAG has agreed to provide a bridge loan of up to CAD 3 million to Gatling, such Bridge Loan being evidenced by a promissory note and debenture, secured by a general security agreement. The loan will bear interest at a rate of 12% per annum and includes a conversion right whereby MAG may convert all or a portion of the outstanding principal amount and accrued interest into up to 19.9% of Gatling's issued and outstanding shares. The Arrangement Agreement contains customary provisions including non-solicitation and a right to match superior proposals in favour of MAG, as well as CAD 1 million termination fee or a CAD 0.6 million expense reimbursement payable to MAG under certain circumstances.
The Transaction will be effected by way of a court-approved plan of arrangement requiring the approval of 66 2/3rd of the votes cast by Gatling shareholders and option holders and the approval of the Supreme Court of British Columbia. The Transaction is also subject to the receipt of applicable regulatory approvals, all third person consents, including approval of the TSXV, Gatling shall have obtained and delivered to MAG written resignations, the MAG Shares to be issued to Gatling Securityholders in connection with the Arrangement shall have been approved for listing on the TSX and the NYSE American and the satisfaction of certain other closing conditions customary in transactions of this nature. The Board of Directors of Gatling unanimously approved the Arrangement Agreement, following the unanimous recommendation of a special committee of independent directors of Gatling. The Board of Directors recommends that its Securityholders vote in favour of the Transaction. The Arrangement has been also unanimously approved by the board of directors of MAG. Transaction has strong shareholder support via voting support agreements from Sprott Asset Management and the officers and directors of Gatling, for the common shares, options and warrants held by such parties which collectively represent approximately 15.19% of Gatling’s issued and outstanding common shares. Gatling shareholders meeting and closing of the Transaction are expected to occur in late-May 2022. The Transaction was approved by the shareholders of Gatling on May 13, 2022. As of May 17, 2022, the Supreme Court of British Columbia approved the transaction. As of May 16, 2022, the arrangement is expected to be completed on or around May 19, 2022. Computershare Investor Services Inc. acted as depository bank for Gatling Exploration.
Sprott Capital Partners acted as financial advisor to Gatling and has provided a fairness opinion to the special committee of Gatling. Miller Thomson LLP and Rory S. Godinho of Cozen O'Connor acted as legal advisors to Gatling. Kathleen Keilty of Blake, Cassels & Graydon LLP acted as legal advisor to MAG.
MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others on May 20, 2022. Post deal completion, Gatling Exploration became a wholly-owned subsidiary of MAG. The Gatling Shares will be de-listed from the TSX Venture Exchange at the close of trading on May 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Peter Damouni was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 27
Gatling Exploration Inc. Extends Multiple Zones Beyond the 2021 Mineral Resource Estimate Model At the Bear Deposit Including 9.4 G/T Au over 4.0 M At the Larder Gold Project GATLING EXPLORATION INC. announced multiple new gold intersections extending its previously reported 2021 Mineral Resource Estimate ("MRE") model including 9.4 g/t Au over 4.0 m in the Bear North zone and 14.7 g/t Au over 1.5 m in the newly tested Bear East Zone. Gatling has shifted focus from building the new MRE to expanding and extending these newly modelled zones along strike and at depth with ongoing drilling at the Larder Gold Project. Highgrade gold intersected outside 2021 Mineral Resource Estimate at the Bear Deposit. Since completion of the 2021 MRE at the Larder Gold Project, Gatling has utilized all block models and wire frame models for exploration across all three deposits . The recent focus at the Bear deposit has been extremely successful in extending all mineralized footprints along strike and at depth including 9.4 g/t Au over 4.0 m in drillhole GTR21 139, which has closed a large block model gap up plunge from the core of the deposit . This hole was designed to close a large 300 m data gap where drillholes had not been completed before and piercing the center point of this gap now provides the gold mineralization needed to connect the block model up and down plunge within 100 m. Lowgrade widespread mineralization combined with highgrade narrow gold zones indicate presence of structural controls. Gatling's three gold deposits sit along the prolific Cadillac Larder Lake Break which hosts multiple zones of structural complexities. Gatling has been able to prove the presence of steeply dipping plunge lines to the east and areas where gold is intersected in lowgrade widespread haloes indicates proximity to a repeating set of these structures. In holes GTR21137, and GTR21138 the lowgrade intersections are on the eastern side of the highgrade plunge line that was identified in drillhole GTR21132 which returned a value of 25.3 g/t Au over 4.0 m, thus providing exploration opportunities east of this mineralized zone to find another highgrade plunge line. Exploration at Bear West Zone yields positive results. Recent drilling at the Larder Gold Project during Fourth Quarter 2021 has been focused on expanded current zones and testing new mineralized horizons near the Bear deposit. As the drill program advanced westerly towards Cheminis, the drilling has identified new gold zones 750 m from the core of the Bear deposit within three drillholes, GTR21144, GTR21,147 and GTR21148, which includes 4.2 g/t Au over 3.0 m and 5.9 g/t Au over 2.0 m in both the north and south zones . Gatling plans to explore this horizon in Q1/Q2 2022 up and down plunge from these new mineralized zones to further connect the Bear and Cheminis deposits together. Duyuru • Sep 24
Gatling Exploration Inc. Reports 388,000 Indicated Plus 933,000 Inferred Gold Ounces of In-Pit and Underground Resources at the Larder Gold Project, Ontario Gatling Exploration Inc. announced 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 additionally, 933,000 ounces of gold in the Inferred category from its 100% - owned Larder Gold Project, located on the Cadillac-Larder Lake break, in the Abitibi greenstone belt, Ontario. he global estimate includes open pit and underground mineral resource estimates in the ndicated 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. The NI 43-101 compliant Technical Report in support of the mineral resource estimate is currently being completed by SGS Geological Services Inc. Canada) and will be filed on SEDAR under the Company's profile within 45 days. Global In-Pit and Underground Mineral Resource Estimates for the Fernland, Cheminis and Bear deposits of 388,000 oz Au Indicated, and 933,000 oz Au Inferred. Gatling's work has reinforced that this is one continuous gold mineralized system with three high-grade, rigorously built mineral resource estimates spanning in total a 4.5 km strike length on the southeastern side of the property. Mineralization has been traced from surface to 1,500 m depth with much of the system still untested below 800 metres. Gatling had completed more than 58,000 m of drilling across the three gold deposits up until the July 2021 cutoff date. The database now includes more than 295,000 m of total drilling, with an average discovery rate for the project to date of 4.5 oz Au per m drilled, which is on par with the leading explorers in the Abitibi region. Drilling has continued since July 2021 and remains ongoing. 88% of in-pit ounces are within the Indicated category, demonstrating well-constrained and continuous mineralization and supporting the beginnings of a starter pit(s) at above average gold grades. Significant room for resource growth via 1) follow-up drilling in the gaps between the Fernland/Cheminis pits aimed at further expansion beyond the existing pit limits, 2) drill testing Fernland at depth which has seen limited drilling sub 400 m yet intersected gold as deep as 900 m below surface, 3) drilling Cheminis beneath the existing shaft and underground workings, as well as in the modelled gaps in the north zone, and 4) at Bear, continue to extend the deposit both up plunge, along strike (to the east) as well as at depth, in both the north and south zones (ongoing). Duyuru • Sep 09
Gatling Exploration Inc. Reports Solid Preliminary Results from Metallurgical Testing of Samples Collected from Each of the Three Gold Deposits on Its 100% Owned Larder Gold Project in Larder Lake, Ontario Gatling Exploration Inc. reported solid preliminary results from metallurgical testing of samples collected from each of the three gold deposits on its 100% owned Larder Gold Project in Larder Lake, Ontario. Combined gravity and standard cyanide extraction methods returned initial recoveries between 81% and 92% for the three deposits, with the highestgrade deposit, Bear, exhibiting the highest initial recovery results. Reports from the early 1990's indicated gold recoveries up to 94% from the Cheminis deposit, and Gatling will be investigating multiple flowsheet options to further optimize total gold recoveries in future metallurgical testwork across all three deposits. Three 3035 kg representative composite samples were selected from material contained in each deposit. Samples were selected by Gatling from multiple holes that demonstrate the typical style of mineralization of each zone. Samples were then sealed and transported to SGS Minerals laboratory facilities in Lakefield, Ontario. The testing included gold determination by screened metallic assay protocol, BWI index, gravity recoverable gold and bottle roll cyanidation testing. Highlights include the following: A report from 1990 completed by Derry, Michener, Booth and Wahl (DMBW) for Northfield Minerals Inc. on the Cheminis Mine (‘Report on The Cheminis Project, McGarry and McVittie Townships, Ontario, N.T.S.:32D/4, June 5. 1990. Derry, Michener, Booth and Wahl’) stated that a 3,800 tonne bulk sample at a 0.15 oz/t Au grade from the mined out C zone was sent to the Kerr Mill and returned gold recoveries of 94% utilizing a more comprehensive flowsheet. Therefore, additional mineralogical and metallurgical test work will be conducted to investigate potential areas of optimization and to test recoveries at lower grades for those areas which show potential to be mined via open pit. These would include: Characterization of the samples to include chemical and mineralogical and/or sequential diagnostic leaching Optimization of cyanidation conditions, which may include varying parameters by grind size, cyanide concentration, aeration, and lead nitrate addition Investigation into different flowsheet options: whole ore (direct cyanidation), flotation (leach to concentrate), and gravity CN Definition of the variability of the deposits to better understand the gold associations In addition, Gatling remains on schedule to deliver its global 43101 mineral resource update before the end of third quarter. Duyuru • Aug 10
Gatling Exploration Inc. Provides Drilling Update Gatling Exploration Inc. announced that its ongoing drill program at the Larder Gold project has added significant value leading up to its mineral resource estimate in Third Quarter 2021. Drilling at the Bear deposit has returned 7.7 g/t Au over 17.0 m including 25.3 g/t Au over 4.0 m up plunge from the core of the Bear deposit, connecting it to nearsurface lenses identified in Gatling's 2019 drill campaign. The Fernland deposit has completed the 13,500 m drill program targeting nearsurface gold mineralization, and recent drilling from all three zones has added to both open pit and underground resource potential. Gatling has now entered the resource update phase utilizing its large drill database highlighted by more than 60,000 m of drilling completed by the Company across all three highgrade gold deposits over the past 2.5 years, plus 70,000 m of historical drilling, including 37,000 m to support Fernland's initial resource estimate. Bear Deposit: HighGrade Gold Intersections Extend Core of the Deposit Up Plunge by 150 m. The recent drilling at Bear has proven continuity from the core of the deposit to known nearsurface mineralized zones drilled in 2019. Drillhole GTR21127 intersected 6.6 g/t Au over 5.0 m and GTR21132 intersected 7.7 g/t Au over 17.0 m including 25.3 g/t Au over 4.0 m with visible gold. These results extend the deposit up plunge by 150 m vertically and 350 m along strike to ultimately add a material amount of data to the upcoming mineral resource estimate. Demonstrating the continuity up plunge from the core of the Bear deposit now provides excellent potential to trace the gold mineralization to surface similar to the Fernland and Cheminis deposits. Recent Drillholes Add Significant Value to the Upcoming Resource at the Bear Deposit. These recent drill intercepts completed by Gatling at the Bear deposit have filled in a large gap across drillholes GTR21125, GTR21127 and GTR21132, which represent approximately 350 m in strike and 150 m vertically between the 2011 historic resource model and 2019 drill intersections. Filling in this gap met a key objective for the 2021 exploration program and marked a significant achievement at the Bear deposit ahead of the resource update as it will add significant ounces and tonnes up plunge from the highgrade core of the deposit. Exploration to Continue at Bear Along Strike and Within Plunging Zones. Drilling at the Bear deposit has identified similar southeasterly plunging chutes to the Fernland and Cheminis deposits. These plunging directions are becoming more predictable and allowing the exploration programs to methodically advance with increased levels of confidence and success rates. East of the Bear deposit, Gatling has a high level of confidence that this same style of structurally controlled gold mineralization will repeat itself, which may result in a significant addition of targets along strike. Gatling will continue to explore the Bear deposit along strike and at depth leveraging all data collected from previous drill programs as it is open in all directions. Fernland Deposit: Completion of NearSurface Drill Campaign of 13,500 m. Gatling has now completed its drill campaign designed to target gold mineralization within the upper 300 m at the Fernland deposit and has sent the drill rig up to its Kir Vit prospect. The program was a success in identifying three new mineralized zones striking over 1 km, starting at surface down to approximately 250 m with gold intersections such as 1.5 g/t Au over 200.7 m including 6.1 g/t Au over 23.7 m, which will all be incorporated in Fernland's initial resource estimate in Third Quarter 2021. Fernland Drilling Continues to Prove Widespread Gold Intervals within Zone 2. Recent drilling has extended previously discovered nearsurface gold mineralization with 1.4 g/t Au over 16.0 m in drillhole GTR21120. This intersection is relevant as it sits 250 m below surface and beneath the potential open pit scenario, which could be included in the upcoming resource estimate. This provides excellent opportunity to extend the potential pit further at depth. Upcoming Initial Resource Estimate at the Fernland Deposit. The Fernland deposit strikes approximately 1.5 km with a depth component of approximately 600 m and hosts multiple Upside Potential at the Larder Gold Project Swansea Zone. The Swansea zone hosts over 4 km of favorable CadillacLarder Lake Break geological units and has approximately 19,000 m of drilling along strike, whereas the Fernland, Cheminis and Bear have seen approximately 300,000 m of drilling. The Swansea zone is significantly underexplored considering its location along the break and permitting is underway with exploration planned in early 2022. Bear East. Gatling has approximately 1.5 km east of the Bear deposit that has less than 2,500 m drilled along the CadillacLarder Lake Break. This strike extension of the current highgrade Bear deposit is an excellent target to further expand the mineral resource. Fernland and Cheminis at Depth. Both the Fernland and Cheminis deposits have exhibited nearsurface gold mineralization that extends at depth with predictable high grade south easterly plunging chutes. The deposits are still open at depth with minimal exploration completed below 500 vertical meters, providing an excellent opportunity for zone expansion. Kir Vit North. The current exploration program at Kir Vit is focused along the intrusion related gold system identified in 2019, which is mostly at the southern end of the Kir Vit domain. The northern part of Kir Vit consists mostly of the Timiskaming Conglomerate that has proven to host highgrade gold in Phase I of drilling. Current followup of this type of mineralization is underway, and if Gatling can continue to exploit this mineralized horizon, the entire northern portion of Kir Vit will become highly prospective. Regional Exploration. Multiple priority targets are being evaluated by the Gatling technical team and will be explored in future programs. Some of the high priority targets include intrusion related gold zones, conglomerate/unconformity horizons and structural trends identified in both AI targeting and LiDAR structure detection. mineralized lenses within three main gold zones. The successful drill campaign completed by Gatling at the Fernland deposit has outlined both nearsurface open pit and underground gold zones that will be integrated into the initial resource estimate. Upside Potential at the Larder Gold Project: Swansea Zone. The Swansea zone hosts over 4 km of favorable CadillacLarder Lake Break geological units and has approximately 19,000 m of drilling along strike, whereas the Fernland, Cheminis and Bear have seen approximately 300,000 m of drilling. The Swansea zone is significantly underexplored considering its location along the break and permitting is underway with exploration planned in early 2022. Director Overboarding • Aug 07
Director Peter Damouni has joined 7th company board Independent Director Peter Damouni has been appointed to the board of XPhyto Therapeutics Corp. (CNSX:XPHY). Damouni now sits on a total of 7 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 07
Director Peter Damouni has joined 7th company board Independent Director Peter Damouni has been appointed to the board of XPhyto Therapeutics Corp. (CNSX:XPHY). Damouni now sits on a total of 7 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 07
Director Peter Damouni has joined 7th company board Independent Director Peter Damouni has been appointed to the board of XPhyto Therapeutics Corp. (CNSX:XPHY). Damouni now sits on a total of 7 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Duyuru • Jun 12
Gatling Exploration Inc. announced that it expects to receive CAD 3 million in funding Gatling Exploration Inc. (TSXV:GTR) announced a private placement of 4,444,445 flow-through common shares at a price of CAD 0.45 per share for gross proceeds of CAD 2,000,000.25 and 2,500,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 1,000,000 for aggregate gross proceeds of CAD 3,000,000.25 on June 11, 2021. Each unit will consist of one common share and one-half of one transferable share purchase warrant, each whole warrant exercisable into one additional common share at a price of CAD 0.60 per share for a period of two years from the date of issue. Finders' fees may be payable in whole or on part of the transaction pursuant to the policies of the TSX Venture Exchange. All the securities will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The transaction is subject to acceptance of the TSX Venture Exchange. Duyuru • Jun 05
Gatling Exploration Inc. (TSXV:GTR) entered into an acquisition agreement to acquire a 25% interest in certain mining leases on the western portion of the Larder property known as the Swansea zone for CAD 0.06 million. Gatling Exploration Inc. (TSXV:GTR) entered into an acquisition agreement to acquire a 25% interest in certain mining leases on the western portion of the Larder property known as the Swansea zone for CAD 0.06 million on June 3, 2021. Under the terms of the Agreement, the Company will issue 150,000 common shares to the vendor as full compensation for the vendor's 25% interest. The Agreement is subject to the acceptance of the TSX Venture Exchange. The shares will be subject to regulatory hold periods expiring four months and one day from the date of issue. Duyuru • May 12
Gatling Exploration Inc. Adds Second Rig to Accelerate Program Ahead of Resource Update Gatling Exploration Inc. announce that it has added a second drill rig to accelerate its exploration efforts ahead of the Third Quarter 2021 resource update. The second rig will be designated to the Bear deposit to explore near surface extensions from the highgrade core of the deposit. Gatling has also commenced preliminary metallurgical testing with industry leader SGS Canada to analyze gold recoveries across all three highgrade deposits. Second Drill Rig to Test Shallow Targets at Bear Deposit. A second rig has been added to the ongoing drill program at the Larder Gold project to accelerate high priority targets ahead of the upcoming resource update. The core of the Bear deposit starts at approximately 450 m below surface. Importantly, there are also two developed zones up plunge approximately 90 m below surface. The second drill rig is assigned to test the connection of these near surface zones with the core of the Bear deposit with a 5,000 m program. Ongoing, Near Surface Exploration at Fernland Deposit. Recent exploration has successfully targeted near surface gold mineralization within the upper 250 m across three zones and transitioned to targeting down plunge extensions of highgrade zones. Drilling has displayed excellent grade distribution and scale of these zones, which begin at surface, thus increasing the likelihood of a starter style deposit. Over 60,000 m of drilling at the Fernland deposit will be included in its maiden resource estimate. Commencement of Metallurgical Testing Across all Three HighGrade Gold Deposits. Gatling has sent samples (one from each deposit) to SGS Canada for preliminary metallurgical testing. Testing will determine the hardness of each ore, as well as gravity, and bottle roll cyanidation tests. Results will be utilized in Gatling's upcoming updated mineral resource estimate in Third Quarter 2021. Duyuru • Feb 17
Gatling Exploration Inc. Announces Drilling at its Larder Gold Project in Ontario Gatling Exploration Inc. announced that drilling at its Larder gold project in Ontario has intersected increased continuity and grade with 170.0 m of 1.5 g/t Au starting just 31 m from surface. Hole GTR?20 089 was drilled on Zone 2 of the Fernland deposit and follows Gatling’s recent success 400 m west at Zone 1, where drilling hit 101.3 m of 1.1 g t Au from near surface. The Company will continue with its current focus on near surface gold mineralization by testing Zone 3 at Fernland – one of three gold deposits along a 4.5 km trend at the Larder project that hosts high-grade mineralization at depth and widespread mineralization near surface. Rapidly Increasing Continuity of Gold Mineralization at Fernland Deposit. Fernland is the most under explored of the deposits at Larder. Drilling continues to prove that the gold system is far more extensive than prior operators believed and includes an impressive near surface component. Drilling at Zone 2 has hit 170.0 m of 1.5 g/t Au starting 31 m from surface in hole GTR-20-089. The hole is approximately 400 meters away from hole GTR-20- 088 at Zone 1, which intersected 101.3 m of 1.1 g/t Au in , also starting near surface. Widespread results include significant high grade intervals and potential for increased grades at depth. Results from hole GTR-20-089 also returned sections as high as 8.6 g/t Au over 3.0 m, indicating that there is still a deeper source of gold mineralization to be explored down plunge, which in this case is South Easterly. Duyuru • Jan 22
Gatling Exploration Inc. Announces Appointments to its Advisory Board Gatling Exploration Inc. announced that it has formed a technical advisory board to support the Company's accelerated path forward at the Larder gold project in Ontario. The first appointee is Mr. Darin Wagner - a highly regarded senior executive in the mining sector, with an impressive track record of corporate development and M&A. He is joined by Mr. Gil Lawson - an experienced mining engineer whose background includes running several prominent Canadian gold operations. Mr. Wagner is a professional geologist with over 30 years of mineral exploration and corporate development experience. He has worked in North/South America and Africa, been directly involved in a number of M&A transactions and been instrumental in raising several hundred million dollars. Duyuru • Jan 09
Gatling Exploration Inc. Targets Aggressive Zone Growth and Near Surface Mineralization at Larder Gold Project with 25,000 m Drill Program Gatling Exploration Inc. announced an additional 25,000 m drill program on its Larder Gold project in Ontario, Canada. The primary focus will be near surface and along strike targets at all three highgrade zones as the Company continues to prove up mineralization along the continuous 4.5 km strike. In addition, a number of holes will follow up the 2020 drilling success at the Kir Vit prospect, 6 km north of the existing deposits. The Company also notes that, following the close of its successful $4.64M financing and share consolidation, there are now approximately 39M common shares issued and outstanding. Approximately 65% of the recent financing was taken up by institutional investors. Of further note, on December 15, 2020, Gatling held its Annual General Meeting with shareholders during which all resolutions were accepted, and directors were voted in with a minimum of 97% of votes in favour. Larder Gold Project Exploration Plan and Strategy for 2021: Fernland Deposit Expansion 13,500 m targeting near surface gold mineralization along strike and at depth. Initial drilling planned to prove up near surface gold zones by testing the lateral extent of gold mineralization heading westward towards the historic Omega mine in addition to new mineralized lenses at depth. Cheminis Deposit Expansion - 3,000 m targeting near surface gold mineralization along the north and south zones on the main Cadillac Larder Lake Break connecting both Fernland and Bear deposits. The Cheminis deposit is well defined within the parameters of the existing infrastructure and these new targets will aim to further prove up a near surface mineralized body. Bear Deposit Expansion - 4,500 m targeting along strike and up plunge. Targets are defined to tie together continuous mineralization between the heart of the Bear deposit (commencing at approximately 500 m below surface) and the highgrade lenses closer to surface. If drilling validates the continuity of the mineralization at the Bear deposit, this will establish nearly 1 km of vertical gold mineralization, becoming the largest mineralized body at the Larder Gold project. Kir Vit Prospect Hotspots - 4,000 m targeting new mineralized horizons and following up on 2019 first pass drilling which intersected gold mineralization in 13 out of 16 holes. In addition, the 2020 stripping campaign discovered a third gold trend at Kir Vit which will be tested in this drill campaign. Channel samples from the newly identified northeast southwest trending shear zones resulted in grades up to 16.2 g/t Au over 1.0 m at surface. Project DeRisking and Resource Advancement. Gatling is currently preparing to complete an updated resource estimate on the Larder Gold project and conduct preliminary pit/underground stope optimization models for all three highgrade gold deposits. Concurrently, metallurgical sampling will be completed. Regional Exploration. Gatling will conduct a thorough field program to investigate newly identified targets from 2020 campaign. Initial targets will include LiDAR trends along the main break and structural traps, eastwest conglomerate trends, intrusionrelated trends and upcoming AI targets from Windfall Geotek. 2020 Larder Gold Project Highlights: Confirmation of 4.5 km of continuous gold mineralization between Fernland, Cheminis and Bear deposits. Intersecting highgrade and near surface gold mineralization at Fernland including 11.9 g/t Au over 4.0 m and 2.4 g/t Au over 29.0 m. Discovery of a new parallel zone and significant near surface gold mineralization at the Cheminis deposit including 6.1 g/t Au over 6.0 m and 2.5 g/t Au over 39.7 m. Extension of the Bear deposit along strike and up plunge with highgrade gold intersections including 85.1 g/t Au over 3.0 m. Discovery of three new gold trends at Kir Vit - Intrusionrelated, conglomeratehosted, and shearhosted including 16.2 g/t Au over 1.0 m, 8.2 g/t Au over 1.0 m and 2.8 g/t Au over 7.0 m in channel samples. Duyuru • Nov 27
Gatling Exploration Inc. announced that it expects to receive CAD 5 million in funding Gatling Exploration Inc. (TSXV:GTR) announced a private placement of 5,454,545 flow-through common shares at a price of CAD 0.55 per shares for a gross proceeds of CAD 2,999,999.75 and 4,000,000 units at a price of CAD 0.50 per units for gross proceeds of CAD 2,000,000, for aggregate gross proceeds of CAD 4,999,999.75 on November 25, 2020. Each unit will consist of one common shares and one half of one transferable warrant. Each full warrant will entitle the holder to purchase one common share of the company at an exercise price of CAD 0.7 for two years from the date of issuance. All the securities issued will be subject to a hold period of four months. The transaction is subject to the acceptance of the TSX Venture Exchange. The transaction is expected to close on December 15, 2020. Is New 90 Day High Low • Nov 27
New 90-day low: CA$0.24 The company is down 35% from its price of CA$0.38 on 28 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 10.0% over the same period. Duyuru • Nov 06
Gatling Exploration Inc. Announces Highgrade Results from Channel Sampling At the Kir Vit Prospect - Part of the Larder Gold Project in Ontario GATLING EXPLORATION INC. announced highgrade results from channel sampling at the Kir Vit prospect - part of the Larder gold project in Ontario. Kir Vit lies 6 kilometers north of Gatling's highgrade deposits on the main Cadillac Larder Lake Break. Results include 16.2 g/t Au and 8.2 g/t Au in what is now the third trend discovered by Gatling at Kir Vit. The first two trends were discovered earlier this year when the Company's first pass drilling on the prospect hit mineralization in 13 out of 16 holes. Channel 9 Sample Location ID 9_1 16.2 g/t Au: Green mafic volcanics with silica fracture filling throughout. Pervasive hematitesericitechlorite alteration with an increase in intensity towards intrusion contact and 1% whispy pyrite mineralization. Channel 1 Sample Location ID 1_8 8.2 g/t Au: Light green aphanitic mafic volcanic host with silica overprinting textures. Alteration includes hematite haloes near the edges of the shear zone. Mineralization includes visible gold and whispy pyrite up to 10% that is concentrated in a shear zone trending NESW within the volcanic host. Channel 1 Sample Location ID 1_4 4.4 g/t Au: Green aphanitic mafic volcanics with silica fracture filling throughout. Pervasive hematite-sericite haloes are present. Mineralization is 12% fine grained pyrite located within the mafic volcanics proximal to the NESW trending shear zones. Channel 1 Sample Location ID 1_18 2.8 g/t Au: Beige medium grained contact zone between mafic volcanics and syenitic intrusion. Strong pervasive silicasericite alteration and up to 5% pyrite mineralization increasing towards syenite intrusion. Is New 90 Day High Low • Oct 24
New 90-day low: CA$0.28 The company is down 15% from its price of CA$0.33 on 24 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: CA$0.31 The company is down 21% from its price of CA$0.39 on 03 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Duyuru • Sep 23
Gatling Exploration Inc. Announces Successfully Drilled Gold Mineralization Between the Fernland and Cheminis Deposits Gatling Exploration Inc. announced that it has successfully drilled gold mineralization between the Fernland and Cheminis deposits, establishing a 4.5 kilometer strike length at the Larder project. Gatling has now connected all three highgrade gold deposits and proved that they are part of one large mineralized system. 4.5 km Strike of Gold Mineralization. Drilling has now connected all three deposits on the Main Break at Larder, proving continuity of mineralization over 4.5 kilometers. The new holes linking mineralization between Fernland and Cheminis include 4.6 g/t Au over 5.0 meters in GTR20063 and 8.7 g/t over 2.0 meters in GTR20067. These results extend mineralization at Fernland 200 meters down plunge, connecting it with mineralization included in the historic resource estimate at Cheminis. Fernland remains open along strike and at depth. Next Phases of Drilling. The drill program will now target near surface extensions of mineralization at Fernland and the western extent of mineralization at Fernland towards the Omega deposit where more than 500 meters of favourable geology remains untested. This has the potential to increase the mineralized strike length to 5.0 kilometers. Duyuru • Jul 23
Gatling Exploration Inc. announced that it has received CAD 3.79 million in funding On July 21, 2020, Gatling Exploration Inc. (TSXV:GTR) closed the transaction. The transaction included participation from 2 insiders of the company. Duyuru • Jul 21
Gatling Exploration Inc. announced that it expects to receive CAD 3.79 million in funding Gatling Exploration Inc. (TSXV:GTR) announced a private placement for a total gross proceeds of CAD 3,790,000 on July 20, 2020. The transaction will consists of 10,300,000 non-flow through common shares at a price of 0.25 per non-flow through common shares for a gross proceeds of CAD 2,575,000 and 4,050,000 flow-through common shares at a price of CAD 0.30 per flow-through common shares for a gross proceeds of CAD 1,215,000. All the securities issued will be subject to a hold period of four months and on day. The transaction is subject to the acceptance of the TSX Venture Exchange.