ASX:GML

Outstanding Air-Core Results Of Up To 8.6g/T Outline Large-Scale Oxide Gold Target At Julias

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
The Conversation (0)
Norfolk Metals

Norfolk Projects Updates

Norfolk Metals Ltd (ASX:NFL) (Norfolk or the Company) initiated a soil program at the Roger River Project (Tasmania) to obtain a better understanding of the copper and gold mineralisation to guide the next exploration phase and potential drilling.

Keep reading...Show less
Brightstar Resources

Mining Completed at Selkirk, Toll-Treatment of Ore Processing at Gwalia Gold Mine Imminent

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that open pit mining activities have safely and successfully concluded at the Selkirk Mining JV located near Menzies, conducted by Brightstar’s joint venture partner, BML Ventures Pty Ltd (BML Ventures).

Keep reading...Show less
Magnetic Resources

Deep Intersections Continue Over the Length of the Lady Julie North 4 Deposit

Magnetic Resources NL (Magnetic or the Company) is pleased to announce, after a significant intersection of 16m at 4.51g/t from 411m, which was a very large 200m step out below the current resource (Figure 4) six deeper holes were drilled to ascertain the depth continuity in other parts of the LJN4 Deposit. Some compelling intersections are outlined below.

Keep reading...Show less

AGNICO EAGLE ANNOUNCES PURCHASE OF COMMON SHARES OF PRISM RESOURCES INC.

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has acquired 5,750,000 common shares ("Common Shares") of Prism Resources Inc. ("Prism") from Trevali Mining Corporation at a price of approximately C$0.0174 per Common Share for total consideration of C$100,000 (the "Transaction"), pursuant to a share purchase agreement dated February 13, 2024 (the "Share Purchase Agreement") between Agnico Eagle and FTI Consulting Canada Inc., in its capacity as court-appointed monitor of Prism.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
iMetal Resources Inc

iMetal Resources Confirms Effective Date for Share Consolidation

iMetal Resources, Inc. (TSX.V: IMR) (OTCQB: IMRFF) (FRANKFURT: A7V) ("iMetal" or the "Company") announces that effective at the close of business on February 29, 2024 it will consolidate its common share capital on a ten-for-one basis (the "Consolidation"). Effective at the opening of markets on March 1, 2024 the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol "IMR".

The Consolidation is intended to make the capital structure of the Company more attractive to potential financing opportunities. The Company currently has 56,080,063 common shares outstanding and following completion of the Consolidation it is expected that the Company will have approximately 5,608,006 shares outstanding.

Keep reading...Show less
Impact Minerals

Breakthrough Alternative High Purity Alumina (HPA) Metallurgy Route Revealed at the Lake Hope Project, WA

A new proprietary metallurgical process has been identified for producing high-value High Purity Alumina (HPA) from the lake clays at Impact Minerals Limited’s (ASX:IPT) Lake Hope project, located 500 km east of Perth in Western Australia (Figure 1). Impact can earn an 80% interest in Playa One Pty Limited, which owns the Lake Hope project, by completing a Pre-Feasibility Study (PFS) on the project which is in progress (ASX Release March 21st 2023 and November 9th 2023).

Keep reading...Show less

Latest Press Releases

Related News

×