The Conversation (0)
Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report a significant increase in the Mineral Resource for its 1,000km2 Gidgee Gold Project, within the Murchison gold district of Western Australia.
HIGHLIGHTS
- 87%increaseintotalMineralResourcesfortheGidgeeGoldProjectto449,000oz,including a high-grade Indicated Resource of 81,000oz @ 3.4g/tAu:
- Updated Mineral Resources located predominantly in the upper 100m – representing high- quality shallow ounces with a significant oxide component.
- Updated 163,000oz Mineral Resource estimated for the Montague-Boulder deposit, including an Indicated Resource of 67,000oz @ 4.0g/t Au:
The updated Indicated and Inferred Mineral Resource of 8.165Mt at 1.7g/t Au for 449,000 contained ounces encompasses four deposits and represents an 87% increase on the previous Inferred Resource of 240,000 ounces for the cornerstone Whistler and Montague-Boulder deposits.
The upgrade is based on extensive exploration activities undertaken over the past 18 months, including new Mineral Resources at Evermore and Achilles North/Airport as well as upgrades to the Montague-Boulder deposit.
Importantly, it includes a robust maiden Indicated Resource of 743,000t at 3.4g/t for 81,000 contained ounces.
Click here for the full ASX Release
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