ASX:GML

Outstanding Air-Core Results Of Up To 8.6g/T Outline Large-Scale Oxide Gold Target At Julias

Wide zones of shallow mineralisation intersected over a strike length of at least 1.2km

Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that it has intersected a significant zone of shallow oxide gold mineralisation in air-core (AC) drilling at the Julias target zone, within its Gidgee Gold Project in the Murchison region of WA.


HIGHLIGHTS

  • Strong, near-surface oxide gold mineralisation intersected at the greenfields Julias target zone, located ~5km north-west of the existing 240koz Mineral Resource at the Gidgee GoldProject.
  • Significant results from this substantial new shallow high-grade oxide gold zoneinclude:
    • GWAC0971: 13m @ 4.0g/tAu
    • GWAC0972: 3m @ 7.2g/tAu
    • GWAC0974: 14m @ 1.1g/tAu
    • GWAC0978: 7m @ 1.6g/t Au, and 1m @ 8.6g/tAu
    • GWAC0965: 24m @ 1.4g/tAu
  • TheJuliastargetisnowinterpretedtoextendsouthintotheneighboringFlametreetargetzone,where drilling by Gateway in 2020intersected1:
    • GWAC0267: 5m @ 10.4g/tAu
    • GWAC0256: 4m @ 3.8g/tAu
    • GWAC0257: 9m @ 1.1g/tAu
    • GWAC0247: 5m @ 3.8g/tAu
    • GWAC0246: 3m @ 3.5g/tAu
  • Systematic drilling to be prioritised to evaluate the potential of this exciting new target with Reverse Circulation drilling to commence in late November and further air-core drilling early next year.
Julias is located on a highly prospective litho-structural corridor approximately 5km to the west of the 240,000oz Inferred Montague-Whistler gold deposits2 and immediately north of the previously defined gold mineralisation at Flametree (Figure 3). The results continue to demonstrate the wider potential of the Gidgee Project, and support Gateway's strategy of systematically developing and drill testing targets within this 5km radius.

Read the full article here.
GML:AU
The Conversation (0)
Gold bar, stock numbers and "Weekly Editor's Picks" text overlay.

Editor's Picks: Gold Price Touches US$3,500 in Volatile Week, M&A Heats Up

It was quite a week for the gold price.

The yellow metal continued its record-breaking streak early in the period, touching the US$3,500 per ounce level for the first time, but then saw a sharp pullback, even dropping briefly below US$3,300.

What's behind gold's latest moves? Market watchers have pointed to US President Donald Trump's comments about Federal Reserve Chair Jerome Powell as the trigger for its latest spike.

Keep reading...Show less
AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 25, 2025 (the "Meeting"), the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 25, 2025 (the "Meeting"), the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Freeport First-Quarter 2025 Financial and Operating Results Release Available on Its Website

Freeport (NYSE: FCX) today announced that it has posted its first-quarter 2025 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423627211/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×