Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gateway Mining (GML) intersects up to 14 g/t gold adjacent to the Achilles/Airport deposit at the Gidgee gold project in the Murchison region of WA
  • A total of 19 aircore holes were drilled around the boundaries of previously identified near-surface oxide gold mineralisation
  • Gateway has now secured a reverse circulation drill rig which will target extensions to the mineralisation at Montague-Boulder, Evermore and Achilles
  • Additionally, preparations are underway for a significant aircore drilling program to begin in the September quarter to test several targets at Gidgee
  • Gateway shares are up 9.09 per cent at 1.2 cents at 3:11 pm AEST

Gateway Mining (GML) has intersected up to 14 g/t gold adjacent to the Achilles/Airport deposit at the Gidgee gold project in the Murchison region of WA.

A total of 19 aircore holes, for 1026 metres, were drilled around the boundaries of previously identified near-surface oxide gold mineralisation.

Drilling was successful with multiple shallow intercepts returned from outside of the mineral resource.

Results include four metres at 14 grams per tonne (g/t) gold from 32 metres, four metres at 4.4 g/t gold from 44 metres and four metres at 1.8 g/t gold from 24 metres.

Gateway has secured a reverse circulation (RC) drill rig which will begin operations in the second week of June to target direct extensions of mineralisation at Montague-Boulder, Evermore and Achilles.

Further RC drilling will be undertaken pending the results from the recently completed program.

Additionally, preparations are underway for a significant aircore drilling program to begin in the September quarter to test several targets at Gidgee.

“The recently completed aircore program is continuing to deliver fantastic results and opens up exciting new areas at Gidgee,” Managing Director Mark Cossom said.

“We see clear potential to delineate additional shallow ounces at Achilles, with this area to be targeted as part of an extensional RC drill program set to begin shortly across the Gidgee project.”

“This next round of drilling, together with the results reported recently, will contribute to our next major resource upgrade during the second half of 2022.”

Gateway shares were up 9.09 per cent at 1.2 cents at 3:11 pm AEST.

GML by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…
The Market Herald Video

" Bannerman Resources (ASX:BMN) raises $12M for Etango-8

Bannerman Resources (ASX:BMN) has successfully tapped investors for an extra $12 million in funding for its…