Technical Presentation w w w. g a t l i n g e x p l o r a t i o n . - - PowerPoint PPT Presentation

▶

May 12, 2023 11 likes •307 views

G T R : T S X . V G AT G F : O T C Q X G 2 8 : F S E Technical Presentation w w w. g a t l i n g e x p l o r a t i o n . c o m F O RWA R D - L O O K I N G S TAT E M E N T S This presentation contains certain statements that performance and

SLIDE 1

G T R : T S X . V G AT G F : O T C Q X G 2 8 : F S E w w w. g a t l i n g e x p l o r a t i o n . c o m

Technical Presentation

SLIDE 2

2 G A T L I N G E X P L O R A T I O N 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.

F O RWA R D - L O O K I N G S TAT E M E N T S

SLIDE 3

3 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 2011

✓ 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

SLIDE 4

4 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 5

5 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 6

6 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

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.

SLIDE 7

7 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE Kir Vit Swansea Fernland 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

SLIDE 8

8 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 length

GTR: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

SLIDE 9

9 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 10

10 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 11

11 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 Au 3.1 m 6.7 g/t Au 1.2 m 7.6 g/t Au 7.0 m

SLIDE 12

12 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 13

13 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

n 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

SLIDE 14

14 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

Fernland Cheminis Bear

12.8 g/t Au 16.6 m 9.5 g/t Au 4.0 m 9.7 g/t Au 4.9 m 4.4 g/t Au 3.0 m 5.3 g/t Au 7.6 m

SLIDE 15

15 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 16

16 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 GTR-19-010 at 47 m – 30.6 g/t Au over 1.0 m

1.5km in mineralized strike and 1km at depth and
pen in all directions
Cheminis

underground infrastructure includes 3,000m of development with 6 main level and 2

stopes. Historical production included ~25Koz of

gold 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 flooding

and brecciation with 15-20% disseminated disseminated pyrite with intense silica-sericite alteration

Over 87,000 m of historical drilling has been

completed on the Cheminis Deposit and gold values intersected include 6.5 g/t Au over 13.1m and 4.7 g/t Au over 14.3m

5 cm 5 cm

Historic estimate of 335,000 tonnes at 4.1 g/t (43,800

z) have been classified as Indicated and 1,391,000

tonnes at 5.2 g/t (233,400 oz) as Inferred (2011, P&E Mining)

SLIDE 17

17 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

Fernland Cheminis Bear

20.7 g/t Au 6.1 m 11.7 g/t Au 6.9 m 9.0 g/t Au 4.1 m

SLIDE 18

18 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

B E A R D E P O S I T

COMPOSITE LONG SECTION

SLIDE 19

19 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 GTR-19-003 at 797 m – 30.6 g/t Au over 1.0 m

1.5km in mineralized strike and 1.6km depth and
pen in all directions
Gold mineralization occurs in three distinct zones:

North Volcanics, Ultramafic and South Flow

High-grade gold zones at the Bear Deposit are

within altered carbonate zones, high-iron mafic and/or ultramafic volcanic rocks locally cut by albitized dykes. These rock types are the typical host to significant gold deposits at the nearby Kerr Addison Mine and other historic and current gold producers in the region.

Over 120,000 m of historical drilling have been

completed with intersected gold values including 13.6 g/t Au over 15.1 m including 338.5 g/t Au

ver 0.5 m, 18.3 g/t Au over 4.8 m and 20.7 g/t Au
ver 6.1 m

5 cm 5 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)

SLIDE 20

20 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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-19-023 GTR-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

Cross Section A Cross Section B

Level Plan

SLIDE 21

21 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

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-19-028 GTR-19-021

South Zone Trend North Zone Trend

SLIDE 22

22 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 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

SLIDE 23

23 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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

SLIDE 24

24 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE 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

SLIDE 25

25 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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
utcrops 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

GTR:TSX.V GATGF:OTCQX G28:FSE

KIR VIT TARGETING

SLIDE 26

26 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

G O I N G F O RWA R D 2020 Drill Program

35,000m

Exploration Goals

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

GTR:TSX.V GATGF:OTCQX G28:FSE

SLIDE 27

27 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 Director

Mr. 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, COO

Mr. 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 Secretary

Mr. 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 Exploration

Mr. 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 Bonterra Resources, 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, Director

Ms. 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, Director

Mr. Damouni has 17+ years of experience in senior executive

roles in investment banking and capital markets. He has worked

n 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, Director

Mr. 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, Director

Mr. 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 NioCorp Developments Ltd.

Jason Billan, Director

Mr. 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.

SLIDE 28

28 G A T L I N G E X P L O R A T I O N GTR:TSX.V GATGF:OTCQX G28:FSE

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 GTR:TSX.V GATGF:OTCQX G28:FSE

SLIDE 29

+1 604 678 5308 +1 855 678 5308 1680 – 200 Burrard Street Vancouver, BC V6C 3L6 www.gatlingexploration.com info@gatlingexploration.com GTR:TSX-V GATGF:OTCQX G28:FSE February 26, 2020