Gateway Mining (ASX:GML) - Executive Chairman, Peter Langworthy
Executive Chairman, Peter Langworthy
Source: Boardroom Media
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gateway Mining (GML) receives further high-grade assay results from its Gidgee Gold Project in Western Australia
  • Reverse circulation and diamond drilling was recently undertaken and focussed on the 2.5-kilometre northwest margin of the Montague Granodiorite
  • An 800-metre portion of this strike is largely untested and drilling tested for southern extensions of the mineralisation and repeat structures at depth
  • Despite not receiving all results, grades have so far peaked at 11.5g/t gold and Gateway will review Gidgee’s potential once all results have been received
  • Shares in Gateway are steady on the market and trading at 1.8 cents at 12:31 pm AEST

Gateway Mining (GML) has received further high-grade assay results from its Gidgee Gold Project in Western Australia.

Results come from the recently completed reverse circulation (RC) and diamond drilling program focused on the 2.5-kilometre northwest margin of the Montague Granodiorite.

An 800-metre portion of this strike remains largely untested and drilling was designed to test for the southern extensions of the mineralisation and repeat structures at depth.

A total of 25 RC holes, for 4154 metres, and one diamond hole, for 588.9 metres, were drilled.

Best new results include three metres at 11.5 grams of gold per tonne (g/t) from 177 metres; and 3.2 metres at 5g/t gold from 314 metres.

Managing Director Mark Cossom was excited by these results and said the company will review the project to unlock its full potential.

“These latest results have returned two outstanding high-grade, high-tenor intercepts approximately 300 metres apart between the Montague-Boulder and Northeast pits — a fantastic result,” Mr Cossom commented.

“Once we receive the final outstanding results from recent drilling, we will undertake a broad strategic review of the entire area to determine the most effective forward pathway to drill out resources and unlock the full potential of the Gidgee Project.”

Shares in Gateway were steady on the market and trading at 1.8 cents at 12:31 pm AEST.

GML by the numbers
More From The Market Herald

" Kuniko (ASX:KNI) halts trade after confirming cobalt mineralisation at Skuterud, Norway

Norwegian battery metals explorer Kuniko (ASX:KNI) has halted trade after it confirmed cobalt mineralisation at its…
The Market Herald Video

" Latin Resources (ASX:LRS) identifies new pegmatite zone at Colina prospect

Latin Resources (ASX:LRS) identifies a new pegmatite zone at its Colina prospect within its Salina lithium…
The Market Herald Video

" Widgie Nickel (ASX:WIN) confirms high-grade nickel sulphide discovery at Gillett North

Widgie Nickel (ASX:WIN) has confirmed an "outstanding" high-grade sulphide discovery at the Gillet North target in…
The Market Herald Video

" Okapi Resources (ASX:OKR) starts diamond drilling at Enmore

Okapi Resources (ASX:OKR) kicks off next round of drilling at its Enmore gold project in New…