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
INN Article Notification
6h
John Feneck: Gold, Silver, Stocks — 7 Weeks of Pain, What Comes Next?
John Feneck, portfolio manager and consultant at Feneck Consulting, weighs in on recent precious metals activity and how it's impacting gold and silver stocks.He emphasized that while company shares may be down, the long-term backdrop remains bullish. Don't forget to follow us @INN_Resource for... Keep Reading...
9h
Winston Tailings Project: Batch 4 Assay Results
Panther Metals PLC (LSE: PALM), the exploration company focused on mineral projects in Canada, is very pleased to report the fourth batch ("Batch 4") of Vibracore sample assay results for the Winston Tailings Project near Schrieber, Ontario, Canada.The Vibracore tailings sampling is in support... Keep Reading...
10h
Ecuador Inks US$1.7 Billion Deal with CMOC to Develop Los Cangrejos Gold Project
Ecuador has finalized a US$1.7 billion mining contract with China’s CMOC Group (OTCPL:CMCLF) to develop the Los Cangrejos gold deposit, according to a Reuters report.The agreement, signed with CMOC’s local subsidiary ODIN Mining del Ecuador, is expected to transform the site in the southwest of... Keep Reading...
27 April
Top 7 ASX Gold ETFs in 2026
The price of gold reached record highs in 2026, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a... Keep Reading...
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00