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
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
3h
Rudi Fronk: Gold Price to Retake Highs, Bull Run Still Early
Rudi Fronk of Seabridge Gold (TSX:SEA,NYSE:SA) shares his outlook for the gold price, saying he sees another breakout by the end of 2026. "We believe by the end of the year gold will be back through its all-time highs. And then a year from now, even US$1,000 added on to that," he said. Don't... Keep Reading...
20 July
Lynette Zang: Gold, Silver Prices Nowhere Near True Value, This is Why
Gold and silver prices have pulled back, but for Lynette Zang, founder and CEO of Zang International, their true value is much higher.She sees sound money as key as this currency lifecycle ends, and emphasizes the importance of becoming independent and self-sufficient in eight key areas: food,... Keep Reading...
20 July
Matthew Piepenburg: Gold Price Action is a Distraction, This is What's Real
Matthew Piepenburg, partner at Von Greyerz, explains gold's key underlying drivers."For us at Von Greyerz this has never been about price action — that's a distraction," he said."The real issue for us is what's happening with currencies, and therefore what's happening with the bond market, which... Keep Reading...
17 July
Editor's Picks: Have Gold and Silver Bottomed? 5 Experts on Prices and What's Next
The gold price took a hit this week, dropping below the US$4,000 per ounce level.Silver fared much the same, slipping under US$60 per ounce.Both precious metals were under pressure as conflict in the Middle East ramped up, reigniting worries about higher prices and interest rate hikes from the... Keep Reading...
17 July
Dana Samuelson: Gold, Silver Bottom? Watch These Key Price Levels
Dana Samuelson, president of American Gold Exchange, shares his outlook for gold and silver prices, honing in on support and resistance levels. "It'll be hard to find a real, hard bottom, but I think we're getting pretty close to it," he said.Don't forget to follow us @INN_Resource for real-time... 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