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Gateway Mining discovers nickel-copper-cobalt zone near The Cup, Western Australia

Last updated: 14:00 27 Nov 2013 AEDT, First published: 13:00 27 Nov 2013 AEDT

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Gateway Mining (ASX: GML) has completed reverse circulation drilling at The Cup copper prospect within its flagship Gidgee project in Western Australia.

A new style of copper-nickel-cobalt mineralisation was intersected south of The Cup, with 4 metres at1.03% copper, 0.44% nickel and 0.4% cobalt in ultramafic host rock.

Eight holes were drilled at The Cup, and nine holes were drilled into an adjoining tenement, which is the forms a joint venture agreement with Panoramic Resources (ASX: PAN).

The joint venture tenement’s border is very close to the currently known volcanogenic massive sulphide copper mineralisation at The Cup.

Notably, a deeper conductor lying 180 metres beneath surface and extending 800 metres south was identified via magnetic surveys, characteristic of massive sulphides and appears to be unrelated to The Cup.

Follow up electro-magnetic work to commence shortly in order to further refine future drilling targets.

 

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