The Conversation (0)
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
16 January
Editor's Picks: Gold Price Breaks US$4,600, Silver Tops US$93 in Record-Setting Week
Gold and silver are wrapping up yet another record-setting week that's seen economic uncertainty and geopolitical tensions combine to push prices upward.The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the... Keep Reading...
15 January
Will Rhind: Gold, Silver at Record Highs, Mania Phase Still to Come
Will Rhind, CEO of GraniteShares, outlines his thoughts on gold and silver heading into 2026, noting that historical precedents point to higher prices. "Clearly when you look back on some of those other periods for gold — and silver particularly — where they went to all-time highs, then we could... Keep Reading...
15 January
Sirios Adds $1.5 Million to the Treasury After Warrant and Option Exercises
Expanding investor outreach in Q1 by participating in key investor conferences and adding to its distribution network
Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios" or "the Company") has started the year with an infusion of capital, giving the Company additional financial flexibility for enhancing its exploration and investor programs in 2026.The exercise of 10,209,000 warrants and 1,750,000 options... Keep Reading...
15 January
American Eagle Continues to Expand South Zone near Surface Mineralization: Highlights Include 140 m of 0.74% Copper Eq. and 130 m of 0.62% Copper Eq.
American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") is pleased to announce drill results that further expand the South Zone at its NAK copper-gold project in British Columbia. Holes NAK25-55 and NAK25-62 extend shallow mineralization nearly 150 meters east-southeast, while... Keep Reading...
Interactive Chart
Latest Press Releases
Suspension from Quotation
16 January
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00