technical presentation - gatling exploration · performance and actual results may differ...

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Technica l Pre senta t ion

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GTR:TSX.V GATGF:OTCQX G28:FSE

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements, other than statements of historical fact, that address events or developments that Gatling Exploration Inc. expects to occur, are forward-looking statements.

Forward-looking statements are statements that are not historical facts and are generally, but not always identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Although Gatling Exploration Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future

performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration and production successes or failures, continued availability of capital and financing, inability to obtain required shareholder or regulatory approvals, and general economic market or business conditions.

Forward-looking statements are based on the beliefs, estimates and opinions of Gatling’s management on the date the statements are made.

Nathan Tribble, P.Geo. has approved the information contained in this presentation. 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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F O RWA R D - L O O K I N G S TAT E M E N T S

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H I G H - G R A D E

G O L D P R O J E C T

Prime Jurisdiction

Accelerated Growth Path

Larder Gold Project, Ontario

✓ Hosts 3 high-grade gold deposits over 4.5km

✓ Mineral Resource Estimate completed 20111

✓ 60,000m not yet included in Resource Estimate

✓ Historical data bank delivering new success

✓ 2019 drilling connected 2 deposits for continuous 2.5km strike

✓ Established gold camp in a stable jurisdiction

✓ Experienced management and technical team

1 Historical, refer to disclaimer on page 6

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P R O L I F I C A B I T I B I G R E E N S T O N E B E LT

>170 Million Oz of Gold Discovered

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K E Y P O S I T I O N I N A P R O D U C I N G D I S T R I C T

Land package includes 9km strike length along the Cadillac-Larder Break, which has seen 70 Moz Au production

0 2.5 5 km

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• Larder hosts 3 high-grade gold deposits: Cheminis, Bear and Fernland along 4.5km.

• 2019 drilling connected Cheminis and Bear for a 2.5km continuous mineralized trend.

Larder Mineral Resource Estimate completed 2011

1

Indicated 43,800 oz Au @4.01 g/t Au

Inferred 917,000 oz Au @5.55 g/t Au

3 H I G H - G R A D E D E P O S I T S O N A 4 . 5 k m T R E N D

1 Disclosure of Historical Estimates*: The Larder Lake Project contains a historical resource estimate with an effective date of June 15, 2011 (report dated August 15, 2011) by P&E Mining Consultants Inc. titled “43-101 Technical Report and Updated Resource Estimates on the Larder Lake Property, Larder Lake, Ontario for Bear Lake Gold Ltd.” Gatling considers this resource estimate to be historical; it has not independently verified it, and therefore it should not be considered a current resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Gatling is not treating the historical estimate as current mineral resources.

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Kir Vit

SwanseaFernland

Cheminis

Bear

Larder Historical Data

• 200,000 m drill results

• Property-wide sampling

• Property-wide geophysical surveys

Gatling Approach

• Analysis of data bank by award-winning technical team

• Targeted sampling and surveys

• 35,000 m initial drill program

Gatling 2019 Success

• Confirmation of historical zones

• Discovery of new lenses

• Expansion of deposit footprints

• Connection of two deposits

• New land and target acquisition

E X T E N S I V E D ATA B A N K H A S F A S T - T R A C K E D G AT L I N G S U C C E S S

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• Model indicates all three deposits connected• Deposits are open at depth and along strike• Q1 2020 drilling will focus on near surface drilling between Cheminis and Bear and connecting 3rd

deposit for continuous 4.5km strike lengthGTR:TSX.V GATGF:OTCQX G28:FSE

F A R L A R G E R S Y S T E M T H A N P R E V I O U S L Y U N D E R S T O O D

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750 m

FERNLAND

CHEMINIS BEAR

D E P O S I T S O P E N A L O N G S T R I K E A N D AT D E P T H

LONG SECTION LOOKING NORTH

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2 0 2 0 M O D E L L I N G S I G N I F I C A N T L Y I N C R E A S E D S T R I K E L E N G T H

CHEMINIS BEAR

Bear Deposit

Historic Estimate 2011

Inf. 683,000 oz at 5.7 g/t Au

2011 HISTORIC RESOURCE MODEL

Historic Stope (1990’s)

~23K oz Au

2020 MODELLING UPDATE

FERNLAND CHEMINIS BEAR

Cheminis Deposit

Historic Estimate 2011

Ind. 43,800 oz at 4.1 g/t Au

Inf. 233,400 oz at 5.2 g/t Au

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F E R N L A N D M O D E L L E D Z O N E S , P L A N M A P A N D C R O S S S E C T I O N

Fernland Cheminis Bear

5.8 g/t Au3.1 m

6.7 g/t Au1.2 m

7.6 g/t Au7.0 m

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F E R N L A N D S O U T H Z O N E L O N G S E C T I O N - L O O K I N G N O R T H

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F E R N L A N D

South Zone: Foliated mafic volcanic with albite, carbonate and silica alteration with 7-10% disseminated pyrite.

GTR-19-024 reflected light

Pyrite-chalcopyrite-sphalerite mineralization in quartz-carbonate vein

GTR-19-024 at 81 m – 30.7 g/t Au over 1.0 m

GTR-19-024 polished thin section

Hydrothermal alteration includes sericite-rutile-chlorite alteration with albitization

• 1.5km in mineralized strike

• Over 35,000 meters of historical drilling has intersected values such as 66.5 g/t Au over 0.6 m, 4.3 g/t Au over 6.3 m, 4.5 g/t Au over 4.5 m, and 11.1 g/t Au over 1.6 m.

• 800m west of the Fernland zone is the Omega mine, which has a 585Koz Au resource (2013) and is located on trend of the Larder deposits on the Cadillac-Larder Break

• Gold mineralization occurs in two distinct zones: South Flow and North Volcanics

• Geological units include ultramafics, mafic volcanics and sedminents.

• Fernland remains underexplored at depth and along strike

5 cm

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C H E M I N I S D E P O S I T M O D E L L E D Z O N E S , P L A N M A P A N D C R O S S S E C T I O N


12.8 g/t Au16.6 m

9.5 g/t Au4.0 m

9.7 g/t Au4.9 m

4.4 g/t Au3.0 m

5.3 g/t Au7.6 m

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C H E M I N I S D E P O S I T S O U T H Z O N E L O N G S E C T I O N

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C H E M I N I S D E P O S I T

South Zone: Altered South Flow with quartz-albite-graphite-carbonate alteration with 10-15% disseminated pyrite

GTR-19-010 polished thin section

Intensely veined and altered wall rock showing secondary albite-quartz-carbonate-rutile and accessory sulphides


• 1.5km in mineralized strike and 1km at depth andopen in all directions

• Cheminis underground infrastructure includes3,000m of development with 6 main level and 2stopes. Historical production included ~25Koz ofgold production from the South Flow in the 1990’s.

• Gold mineralization occurs in two distinct zones:South Flow and North Carbonate

• The South Flow includes zones of quartz floodingand brecciation with 15-20% disseminateddisseminated pyrite with intense silica-sericitealteration

• Over 87,000 m of historical drilling has beencompleted on the Cheminis Deposit and gold valuesintersected include 6.5 g/t Au over 13.1m and 4.7g/t Au over 14.3m

5 cm5 cm

Historic estimate of 335,000 tonnes at 4.1 g/t (43,800oz) have been classified as Indicated and 1,391,000tonnes at 5.2 g/t (233,400 oz) as Inferred (2011, P&EMining)

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B E A R D E P O S I T M O D E L L E D Z O N E S , P L A N M A P A N D C R O S S S E C T I O N


20.7 g/t Au6.1 m

11.7 g/t Au6.9 m

9.0 g/t Au4.1 m

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B E A R D E P O S I T

COMPOSITE LONG SECTION

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B E A R D E P O S I T

North Zone: Quartz-carbonate-albite vein with visible gold, vein sub parallel to structure

GTR-19-003 reflected light

Altered wall rock breccia with intense secondary quartz-pyrite-chalcopyrite


• 1.5km in mineralized strike and 1.6km depth andopen in all directions

• Gold mineralization occurs in three distinct zones:North Volcanics, Ultramafic and South Flow

• High-grade gold zones at the Bear Deposit arewithin altered carbonate zones, high-iron maficand/or ultramafic volcanic rocks locally cut byalbitized dykes. These rock types are the typicalhost to significant gold deposits at the nearby KerrAddison Mine and other historic and current goldproducers in the region.

• Over 120,000 m of historical drilling have beencompleted with intersected gold values including13.6 g/t Au over 15.1 m including 338.5 g/t Auover 0.5 m, 18.3 g/t Au over 4.8 m and 20.7 g/t Auover 6.1 m

5 cm5 cm

Historic estimate of 3,750,000 tonnes at 5.7 g/t (683,600 oz), and classified as an Inferred (2011, P&E Mining)

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C H E M I N I S & B E A R D E P O S I T C R O S S S E C T I O N

UP-PLUNGE EXTENSION OF SOUTH ZONE

C C’GTR-19-023GTR-19-022

• Cross section shows all historic and Gatling drilling with values >0.5 g/t Au• 300 m thickness, looking 345°• Showing general working model for South and North zone trends through Cheminis and Bear Deposits

South Zone

North Zone

Cro

ss S

ecti

on

A

Cro

ss S

ecti

on

B

Level Plan

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B E A R D E P O S I T C R O S S S E C T I O N


• Cross section shows all historic and Gatling drilling with values >0.5 g/t Au

• 50 m thickness, looking west

• Showing general South and North zone trends

A A’

BL-98-2A

GTR-19-022

GTR-19-028GTR-19-021

South Zone Trend

North Zone Trend

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B E A R D E P O S I T C R O S S S E C T I O N


B B’

GTR-19-023

GTR-19-025

GTR-19-019

• Cross section shows all historic and Gatling drilling with values >0.5 g/t Au

• 50 m thickness, looking west

• Showing general South and North zone trends

BL-94-11

South Zone Trend

North Zone Trend

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C H E M I N I S A N D B E A R D E P O S I T L E V E L P L A N

• Level plan shows all historic and Gatling drilling with values >0.5 g/t Au

• 100 m thickness, looking down at -500 m elevation (approximately 825 meters below surface)

• Showing general working model for South and North zone trends through Cheminis and Bear Deposits

South Zone

North Zone

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HOLE ID FROM (M)

TO (M)

LENGTH (M)

AU (G/T)

METAL FACTOR

ZONE TARGET

GTR-19-003 797.0 803.1 6.1 20.7 126 North Bear

808.0 815.0 7.8 6.6 51 North Bear

GTR-19-004W 782.0 790.0 8.0 10.8 86 North Bear

GTR-19-005W2 788.0 793.0 5.0 12.7 64 North Bear

GTR-19-006A 750.5 753.5 3.0 9.7 29 North Bear

871.0 875.0 4.0 8.5 34 South Flow Bear

GTR-19-009 811.0 816.0 5.0 10.6 53 North Bear

GTR-19-010 43.0 48.0 5.0 12.3 62 South Flow Cheminis

GTR-19-017 910.0 946.8 36.8 1.5 55 North Bear/Cheminis

GTR-19-019 839.2 861.0 21.8 1.2 26 South Flow Bear/Cheminis

GTR-19-022 193.0 195.0 2.0 8.3 17 Sediment Bear/Cheminis

327.0 330.0 3.0 5.1 15 Ultramafic Bear/Cheminis

GTR-19-023 264.0 269.0 5.0 11.2 56 Ultramafic Bear/Cheminis

GTR-19-024 81.0 85.0 4.0 11.9 47.6 South Fernland

GTR-19-027 72.0 77.0 5.0 5.4 27 South Fernland

GTR-19-034 264.0 266.0 2.0 7.7 15 North Cheminis

GTR-19-039A 97.3 137.0 39.7 2.5 99 South Cheminis

GTR-19-040 7.0 9.0 2.0 7.3 15 South Cheminis

125.0 131.0 6.0 6.1 37 Ultramafic Cheminis

GTR-19-041 124.0 151.0 27.0 1.4 38 South Cheminis

2 0 1 9 A S S AY H I G H L I G H T S : M U LT I P L E H I G H - G R A D E H O L E S

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K I R V I T: I M P O R TA N T E X T E N S I O N TO L A R D E R L A N D PA C K A G E

HIGHLIGHTS

• High-grade gold at surface in numerous outcrops and historical trenches, pits

• Multiple similarities to nearby deposits including the Porphyry-style mineralization at Agnico Eagle’s Upper Beaver deposit

• High-priority targets identified using same methodology delivering success elsewhere at Larder

• 2020 drilling planned with approx. 3,500 meters

300 m

Strong Chargeability with Planned DDH

Historic Drilling with New Chargeability IP survey indicates success

Porphyry Trend

Conglomerate Trend


K I R V I T TA R G E T I N G

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G O I N G F O RWA R D

2020 Drill Program

35,000mExploration Goals• Connect all three existing deposits over 4.5km strike • Continue deposit and zone expansion• Test near-surface targets• Test new, untested prospects


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M A N A G E M E N T A N D D I R E C T O R S

Nav Dhaliwal, President, CEO and DirectorMr. Dhaliwal was the founder and CEO of Bonterra Resources and has a strong track record of success in the mining sector. He is an experienced leader and team builder and has an invaluable network of relationships with international analysts, brokers and investment bankers.

Dale Ginn, COOMr. Ginn is an award-winning geologist of nearly 30 years and a highly experienced mining executive. He has founded and run successful exploration and mining companies and has been instrumental in numerous gold and base metal discoveries, many of which are in production today.

Joseph Meagher, CFO and Corporate SecretaryMr. Meagher is a Chartered Professional Accountant (CPA, CA) and serves as CFO and Director for several listed companies. He also possesses the Chartered Director (C.Dir.) designation from The Directors College (a joint venture between McMaster University and The Conference Board of Canada).

Nathan Tribble, VP ExplorationMr. Tribble, P.Geo. (ON) has over 13 years of experience in exploration and mining, with a particular focus on gold and base metals. Past experience includes Senior Principal Geologist for Sprott Mining, Senior Geologist for BonterraResources, Jerritt Canyon Gold, Kerr Mines, Northern Gold, Lake Shore Gold and Vale Inco. Mr. Tribble is registered as a Professional Geoscientist in Ontario and holds a Bachelor of Science degree in Geology from Laurentian University.

Carrie Cesarone, DirectorMs. Cesarone 30+ years in the public markets sector. She worked as a paralegal for Vancouver securities lawyers for 11 years and as an independent contractor for both public and private companies for the past 13 years. Ms. Cesarone holds a Bachelor of Arts degree from Simon Fraser University.

Peter Damouni, DirectorMr. Damouni has 17+ years of experience in senior executive roles in investment banking and capital markets. He has worked on and led over $5 billion of equity and debt financings and has broad experience in equity financing, restructuring and M&A. Mr. Damouni is a graduate of McGill University, Canada.

Richard Boulay, DirectorMr. Boulay has over 40 years of experience in the exploration and mining industries, including 15 years of mining and infrastructure financing experience with Bank of Montreal, Royal Bank of Canada and Bank of Tokyo.

Peter Dickie, DirectorMr. Dickie has over 35 years of experience with public and private corporations, with 25+ years in management positions. He is the former President, CEO and director of NioCorpDevelopments Ltd.

Jason Billan, DirectorMr. Billan is a seasoned strategy, corporate development and valuation professional with a strong track record in the precious metals sector. He holds an MBA from the Richard Ivey School of Business at the University of Western Ontario.

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Share Price C$0.51

Shares Outstanding 47.7 M

Options 4.2 M

Fully Diluted 51.9 M

Mkt Cap. (Basic) ~C$24.3 M

TSX-V: GTR

S H A R E C A P I TA L

February 24, 2020


+1 604 678 5308

+1 855 678 5308

1680 – 200 Burrard Street

Vancouver, BC V6C 3L6

www.gatlingexploration.com

[email protected]

GTR:TSX-V GATGF:OTCQX G28:FSE

February 26, 2020

technical presentation - gatling exploration · performance and actual results may differ...

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