The Conversation (0)
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
October 20, 2021
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
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
21h
Don Durrett: Gold, Silver Stock Opportunity "Unbelievable," My Focus Now
Don Durrett of GoldStockData.com shares his updated gold and silver price outlook, as well as how his portfolio is focused given the current environment. "You have this unbelievable opportunity here — the leverage is just somewhat crazy," he said.Don’t forget to follow us @INN_Resource for... Keep Reading...
21h
Gold Trend is Up, Output to Grow 500 Percent by 2030 | Gold Royalty's John Griffith
John Griffith, president of Gold Royalty (NYSEAMERICAN:GROY), outlines his company's growth plans in what he expects to continue to be a strong gold price environment. "If you just look at our current portfolio, we have over the next five years 500 percent growth all fully bought and paid for,"... Keep Reading...
22h
Domestic Metals Drilling Rio Tinto's Smart Creek Hole at a New Angle
Domestic Metals (TSXV:DMCU,OTCQB:DMCUF,FWB:03E0) President and CEO Gordon Neal discussed the drill program now underway at the Smart Creek project in Montana.Speaking with the Investing News Network at the Precious Metals Summit in Beaver Creek, Neal emphasized that Rio Tinto's... Keep Reading...
06 October
Franco-Nevada Takes 12.4 Percent Stake in Kenorland Minerals
Royalties and streaming giant Franco-Nevada (TSX:FNV,NYSE:FNV) has acquired a 12.42 percent stake in early-stage exploration company Kenorland Minerals (TSXV:KLD,OTCQX:KLDCF) through a US$22.2 million private block trade.The Toronto-based firm purchased 10 million Kenorland common shares at... Keep Reading...
05 October
Ronald-Peter Stoeferle: Gold's Key Triggers, Plus Final Price Target
Ronald-Peter Stoeferle of Incrementum shares his thoughts on gold, identifying several price triggers that he believes will drive the yellow metal higher. Those include a change in messaging from the US Federal Reserve and a US dollar bear market. "I think we've got still two, three, four good... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00