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Gateway Mining assays platinum group elements from The Cup, Western Australia

Last updated: 11:20 03 Dec 2013 AEDT, First published: 10:20 03 Dec 2013 AEDT

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Gateway Mining's (ASX: GML) shares are expected to firm this morning following the identification of platinum group elements (PGEs) in a copper-nickel intersection from The Cup, located Western Australia.

Recently there was a program of eight reverse circulation holes at The Cup copper prospect, and nine holes into an adjoining tenement, which forms a joint venture with Panoramic Resources (ASX: PAN).

The focus of the drilling was to test for extensions of The Cup volcanogenic massive sulphide copper system, however one hole 200 metres south of The Cup unexpectedly intersected copper-nickel sulphides in ultramafic host rock.

This represented a new style of mineralisation for area, which prompted Gateway to assay for platinum and palladium, suspecting a possible nickel-copper-PGE style deposit.

The intersection has returned 4 metres at 0.32 grams per tonne platinum and 0.55 grams per tonne palladium from 137 metres, complementing the 1.03% copper and 0.44% nickel.

Most nickel-copper-PGE mineralisation in the region is komatiitic Kambalda type, however Gateway's intersection is more supportive of an intrusive related deposit.

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

 

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