Proactiveinvestors Australia Gateway Mining Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Gateway Mining Ltd RSS feed en Tue, 22 Jan 2019 09:07:17 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Gateway Mining hits more high-grade gold within Gidgee project ]]> https://www.proactiveinvestors.com.au/companies/news/212456/gateway-mining-hits-more-high-grade-gold-within-gidgee-project-212456.html Gateway Mining Ltd (ASX:GML) has received high-grade gold results from the Montague deposit of its Gidgee project in WA, confirming growth potential.

A recently completed reverse circulation drilling program was designed to test the down-dip extensions of the Montague Gold deposit.

Shallow, high-grade results

There were strong intersections returned from shallow positions, within 100 metres of the surface.

Key results include 5 metres at 11.5 g/t gold from 104 metres, 2 metres at 5.80 g/t from 75 metres 9 metres at 4.24 g/t from 89 metres and 5 metres at 4.47 g/t from 70 metres.

They show that the mineralised shear zone extends from the immediate base of the historical Montague open pit.

Potential for extensions

There is also clear potential for significant extensions as the deposit remains open down-dip and along strike.

These add to previous results of 7 metres at 3.91 g/t from 70 metres within 15 metres at 2.1 g/t along with 4 metres at 24.1 g/t from 239 metres in the Gordon’s Lode.

READ: Gateway Mining’s high-grade gold results will lead to maiden resource at Gidgee

Gateway’s managing director Peter Langworthy said the pre-Christmas drilling highlighted the opportunity for high-grade mineralisation in the base of the open pit to develop into a highly significant gold system.

“Montague is another example of the type of high-grade gold endowment that we believe exists across the Gidgee project and the drilling results have bolstered our view of the emerging opportunity,” he said.

“Onto something exciting”

“The results clearly indicate that the mineralisation is getting stronger at depth and remains totally open along strike.

“When you consider that we also have a new high-grade discovery in the Gordon’s Lode, in a parallel position to the main sheer zone at depth, it is clear that we are onto something exciting.”

RC drilling to test extensions

A program of step-out RC drilling is planned to test the extensions of the mineralisation, which, subject to permitting, will begin before the end of this quarter.

Langworthy said: “We now also believe that there is serious potential to delineate additional zones of mineralisation in the base of the rest of the open pit.

“Any potential future cut-back will need to be designed to access this mineralisation as well.”

- Jessica Cummins 

 

]]>
Mon, 14 Jan 2019 00:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212456/gateway-mining-hits-more-high-grade-gold-within-gidgee-project-212456.html
<![CDATA[News - Gateway Mining’s high-grade gold results will lead to maiden resource at Gidgee ]]> https://www.proactiveinvestors.com.au/companies/news/212283/gateway-minings-high-grade-gold-results-will-lead-to-maiden-resource-at-gidgee-212283.html Gateway Mining Ltd (Asx: GML) has received high-grade gold results from its Gidgee Gold Project in WA, including a best grade of 14.5 g/t.

Results from reverse circulation drilling will lead to the estimation of a maiden mineral resource.

They also confirm the potential for the Whistler deposit to develop into a high-grade gold system.

High-grade assays

The drilling has confirmed the presence of substantial zones of thick, high-quality gold mineralisation that remains open at depth and along strike.

Key results include 6 metres at 14.5 g/t from 198 metres, 8 metres at 6.04 g/t from 190 metres, 21 metres at 5.30 g/t from 149 metres and 15 metres at 4.51 g/t from 119 metres.

“Sufficient drilling data”

Gateway’s managing director Peter Langworthy said: “We now have sufficient drilling data to undertake an interim mineral resource estimate based on the shallower portions of the deposit located immediately below the historical open pit.

“However, a key message for investors is that the mineralisation at Whistler clearly remains open, and the interim resource is likely to be only part of an emerging story there.”

Drilling to expand resource

The company has decided to focus on understanding the potential to undertake a cutback on the existing open pit.

Additional drilling is expected to expand the resource at depth and along strike.

In parallel with the resource estimate process, metallurgy and geotechnical evaluation will be instigated.

The resource estimate is scheduled for the end of this quarter with drilling also set to begin during this time.

Deeper potential

Langworthy said: “ While we work on the resource at Whistler we are planning to commence step-out diamond drilling to test the deeper potential and determine really how big this gold system may be.

“Ultimately, we have a strong belief in the potential of the broader Gidgee project to develop into a long-term gold camp.”

- Jessica Cummins

]]>
Thu, 10 Jan 2019 01:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212283/gateway-minings-high-grade-gold-results-will-lead-to-maiden-resource-at-gidgee-212283.html
<![CDATA[News - Gateway Mining starts new phase of drilling at Gidgee Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/208690/gateway-mining-starts-new-phase-of-drilling-at-gidgee-gold-project-208690.html Gateway Mining Ltd (ASX:GML) has started a new phase of drilling at its wholly-owned Gidgee Gold Project in Western Australia.

The 25-hole reverse circulation (RC) drilling program will go for 3,900 metres and initially target depth extensions of the high-grade mineralised zones at the advanced Whistler and Montague prospects.

The company expects drilling to be finished within a month after which the drill rig will move onto a program of detailed resource infill drilling to enable estimation of a maiden resource at both prospects.

READ: Gateway Mining identifies additional high-grade gold trend at Gidgee project

The junior gold explorer is advancing the Gidgee project north of Sandstone through systematic exploration strategy and techniques.

A particular focus is the major mineralised shear system along the contact between the granite intrusion and the mafic volcanic sequence.

Excellent potential remains to discover substantial near-surface oxide gold deposits while the depth extent of mineralisation remains largely untested.  

Gateway also has exposure to a portfolio of highly prospective gold and base metal projects located adjacent to a number of active mining operations.

]]>
Tue, 06 Nov 2018 22:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208690/gateway-mining-starts-new-phase-of-drilling-at-gidgee-gold-project-208690.html
<![CDATA[News - Gateway Mining identifies additional high-grade gold trend at Gidgee project ]]> https://www.proactiveinvestors.com.au/companies/news/206538/gateway-mining-identifies-additional-high-grade-gold-trend-at-gidgee-project-206538.html Gateway Mining Ltd (ASX:GML) has identified an additional high-grade exploration target at its Gidgee Gold Project in Western Australia.

The mineralised 1.6-kilometre Rosie-Airport gold trend was delineated through a systematic program of data validation, interpretation and targeting of the project’s historical technical datasets.

This work identified the zone as a major structural corridor that includes both discrete contact mineralisation between mafic volcanic rocks and granodiorite and extensive stockwork-mineralised zones within the granodiorite.

New exploration programs beginning in October will focus on resource evaluation and expansion at the Whistler and Montague prospects, as well as geological mapping and drilling at Rosie-Airport.

These activities will position Gateway to estimate a maiden gold resource for the wider Gidgee project.

‘Untapped exploration potential’

Gateway managing director Peter Langworthy said the company’s systematic approach to reviewing the historical data for the Gidgee project was continuing to yield exciting results.

He said: “Each time we interrogate the historical database, we come up with significant new information – and new, high-quality drill targets.

“This shows the substantial and largely untapped exploration potential within our broader ground position at Gidgee.

“Our view is that exploration datasets are a massive asset of resource companies with the potential to host hidden new discoveries.”

Gidgee a potential emerging gold camp

The identification of Rosie-Airport follows Gateway’s discovery of a 10-kilometre-long parallel gold trend along the eastern margin of the Montague prospect and the 4-kilometre-long prospective corridor identified through the company’s maiden drilling program.

This prospective corridor encompasses the advanced Whistler, Montague and Caledonian prospects.

Langworthy continued: “We have been diligently working through 40 years of historical exploration data and … we are unearthing a series of new high-quality exploration opportunities.

“While our immediate focus will be to define a maiden resource position for the project at our high-priority Whistler and Montague targets, we will also continue to pursue the broader exploration potential within our tenements in a measured and systematic way.

“We are increasingly of the view that the large-scale opportunities we have identified form part of what we believe to be an emerging gold camp.”

READ: Gateway Mining’s 24.2 g/t of gold over 4 metres reveals potential new discovery at Gidgee project

Rosie-Airport covers a large-scale mineralised shear zone on the contact between mafic volcanic rocks and the Montague granodiorite.

The prospect hosts the historic Rosie open pit mine and has historically assayed: 6 metres at 8.02 g/t gold from 15 metres; 2 metres at 12.8 g/t from 82 metres; and 10 metres at 9.96 g/t from 15 metres.

Historic drilling in the stockwork zone delivered results including 147 metres at 0.42 g/t from 21 metres and 120 metres at 0.42 g/t from 80 metres.

An additional supergene gold target at Rosie South was identified, comprising a high-grade core within a broader envelope of lower-grade mineralisation.

The bedrock controls within the underlying granodiorite are yet to be determined and the strike extensions have not been effectively tested.

Previous drilling results from the supergene zone include: 20 metres at 15.6 g/t from 25 metres; 17 metres at 14.7 g/t from 30 metres; and 15 metres at 5.08 g/t from 35 metres.

]]>
Sun, 07 Oct 2018 23:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206538/gateway-mining-identifies-additional-high-grade-gold-trend-at-gidgee-project-206538.html
<![CDATA[News - Gateway Mining’s 24.2 g/t of gold over 4 metres reveals potential new discovery at Gidgee project ]]> https://www.proactiveinvestors.com.au/companies/news/200449/gateway-minings-242-gt-of-gold-over-4-metres-reveals-potential-new-discovery-at-gidgee-project-200449.html Gateway Mining Ltd (ASX:GML) believes a 4-metre intersection grading 24.2 g/t gold from 241 metres indicates the potential for a new high-grade discovery at the Gidgee Gold Project in Western Australia.

The discovery, which will be named the Gordon Lode, was made during a drilling campaign below the historical Montague open pit.

A 9-hole program for 1,398 metres was recently completed aimed at testing the strength and controls of mineralisation below the pit with other high-grade results also returned.

Results ‘add to understanding’

Gateway managing director Peter Langworthy said: “We continue to be excited by the results this drilling program is generating, as well as the key geological information it is providing.

“This allows us to better understand the potential scale of the mineralised system,” he said.

The Gidgee project is in WA’s Mid-West near Ramelius Resources Limited’s (ASX:RMS) (FRA:RRZ) assets in Mt Magnet and Blackham Resources Ltd’s (ASX:BLK) ground in Wiluna.

Shear shows ‘continuity’

The company said the initial results demonstrated that the mineralised Boulder Shear showed strong continuity when targeted beneath the historical open pit and remained open down-dip and along strike.

Other strong results are 15 metres at 2.1g/t gold from 70 metres, including 7 metres at 4 g/t gold; 5 metres at 3.1 g/t from 59 metres; 5 metres at 3.5 g/t from 70 metres and 8.2 metres at 1.4 g/t from 47 metres.

Historical intersections taken at the base of the open pit include 8 metres at 9.8 g/t from 25 metres and 13 metres at 3.1 g/t from 20 metres.

READ: Gateway Mining Calls halt in trade pending gold results

Langworthy said: “The work at Montague is a first-pass that provides confidence that we are starting to understand the key controls on the geology and the associated mineralisation.

“We are now in a position to target this position systematically to gain a full understanding of its greater potential.”

Gordon Lode discovery

He said the company was also excited by what the potential new discovery, Gordon Lode, might evolve into in the future.

The discovery highlights the potential of the wider Montague gold system and the Gidgee project, which had not been explored due to lack of deeper drilling in the area.

Gateway said it was clear there were “multiple mineralised structures with the potential to host high-grade gold mineralisation”.

The company is planning follow-up drilling at the prospect and is awaiting results from the Caledonian prospect where 11 holes for 1,291 metres have been completed.

]]>
Tue, 10 Jul 2018 02:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200449/gateway-minings-242-gt-of-gold-over-4-metres-reveals-potential-new-discovery-at-gidgee-project-200449.html
<![CDATA[News - Gateway Mining calls halt in trade pending gold results ]]> https://www.proactiveinvestors.com.au/companies/news/197756/gateway-mining-calls-halt-in-trade-pending-gold-results-197756.html Gateway Mining Ltd (ASX:GML) recently commenced a maiden drilling program at the wholly-owned Gidgee Gold Project in Western Australia.

The multi-pronged program will test a series of high-priority targets, with two rigs to cover up to 19,000 metres of reverse circulation, diamond and aircore drilling.

Gateway has had strong support from shareholders, raising $3.8 million prior to the drilling program.

The next news flow will be closely watched, as the company entered a trading halt this morning pending drilling results.

The halt will remain in place until the opening of trade on Wednesday 30 May 2018, or earlier if an announcement is made to the market.

]]>
Mon, 28 May 2018 11:39:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197756/gateway-mining-calls-halt-in-trade-pending-gold-results-197756.html
<![CDATA[News - Gateway Mining to acquire large coking coal projects in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/174074/gateway-mining-to-acquire-large-coking-coal-projects-in-queensland-174074.html Gateway Mining (ASX:GML) has negotiated a provisional agreement to acquire two large, adjacent coking coal projects in the Bowen Basin, Queensland.

The Wilton and Fairhill projects are located in the central region of the Bowen Basin surrounded by prominent operational coal mines such as Ensham, Gregory-Crinum, Kestrel and Oaky Creek.

Gateway’s target projects comprise a very large, near-surface coal deposit, which the company will look to exploit over the coming period.

Importantly, the projects have a large 2.6 billion tonne resource spread over 700 metres at less than 100 metres depth.

The multiple coal seams of the Burngrove (six seams) and Fairhill (six seams) formations occur at shallow depths and are the primary targets within the tenements.

Extensive field mapping in the south west of the Wilton tenement has identified coal outcrops of seams from both the Burngrove and Fairhill Formation.

Drilling in the north of the tenement has confirmed continuity of the seams across the entire tenement with consistent thicknesses and low angle dips.

As per the agreement, Gateway will purchase the projects on the following terms:

- Gateway will pay $10 million cash consideration;
- $50.5 million consideration to be satisfied by issue of shares at $0.012; and
- Gateway will conduct a capital raising of minimum $25 million at $0.012 per share.

Both projects represent exposure to a commodity, hard coking coal, which is having very strong medium to long term market dynamics.

Additionally, there is abundant available infrastructure within close proximity to the projects, which the company anticipates utilising as it progresses towards production.

The transaction is intended to create substantial value for shareholders, with the potential for significant upsides as the projects progress towards production in the coming 18 months.

]]>
Thu, 02 Mar 2017 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174074/gateway-mining-to-acquire-large-coking-coal-projects-in-queensland-174074.html
<![CDATA[News - Gateway Mining in an ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/172821/gateway-mining-in-an-asx-trading-halt-172821.html Gateway Mining (ASX:GML) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Gateway requested the halt pending details of a material transaction.

The halt will remain in place until the opening of trade on Friday 10th February 2017, or earlier if an announcement is made to the market.

]]>
Wed, 08 Feb 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172821/gateway-mining-in-an-asx-trading-halt-172821.html
<![CDATA[News - Gateway Mining Ltd is Friday's ASX % Gainer intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/152763/gateway-mining-ltd-is-fridays-asx-gainer-intra-day-68740.html Gateway Mining Ltd is Friday's ASX % Gainer intra-day.

Company NameCodeLastChangeVolume Gateway Mining Ltd GML $0.025 38.9% 100,000 Martin Aircraft Company Ltd MJP $0.605 34.4% 1,297,494 Pacifico Minerals Ltd PMY $0.005 25% 386,748 Deep Yellow Ltd DYL $0.005 25% 2,450,000 Valmec Ltd VMX $0.135 22.7% 15,125 Proteomics International Laboratories Ltd PIQ $0.195 21.8% 11,575 Incremental Oil and Gas Ltd IOG $0.073 21.7% 1,814,171 Strandline Resources Ltd STA $0.006 20% 200,000 Orion Metals Ltd ORM $0.025 19.1% 64,007 American Patriot Oil & Gas Ltd AOW $0.200 17.7% 797,480

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 20 May 2016 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152763/gateway-mining-ltd-is-fridays-asx-gainer-intra-day-68740.html
<![CDATA[News - Gateway Mining survey to identify copper drill targets in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152762/gateway-mining-survey-to-identify-copper-drill-targets-in-western-australia-60850.html Gateway Mining (ASX:GML) is carrying out a high powered moving loop electromagnetic survey at its Gidgee Project in Western Australia.

The survey will focus on the volcanogenic massive sulphide system that is host to The Cup copper mineralisation.

The company believes the system is extensive and fertile for VMS mineralisation as its deposits occur in clusters.

Previous drilling returned:

- 27 metres at 1.55% copper from 87 metres;
- 52 metres at 0.92% copper and 2 metres at 32 grams per tonne silver from 64 metres; and
- 18 metres at 1.48% copper from 74 metres.

Results will feed in to drill planning with the expectation that any targets identified from this survey will be drill tested.

Gateway plans to commence drilling at some point in the next 4-6 weeks, depending on obtaining approvals and rig availability.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 23 Feb 2015 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152762/gateway-mining-survey-to-identify-copper-drill-targets-in-western-australia-60850.html
<![CDATA[News - These are the biggest ASX% Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/152761/these-are-the-biggest-asx-gainers-intra-day-60498.html Wednesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume Gateway Mining ASX:GML $0.038 111.1% 113,500 Metal Bank ASX:MBK $0.008 100% 1,259,401 Gippsland Limited ASX:GIP $0.002 100% 3,199,999 Redbank Copper ASX:RCP $0.002 100% 781,115 Walkabout Resources ASX:WKT $0.004 100% 5,040,834 Forte Energy ASX:FTE $0.005 66.7% 450,000 Pan Asia Corporation ASX:PZC $0.003 50% 4,770,333 Central Petroleum ASX:CTP $0.145 45% 1,499,714 MHM Metals ASX:MHM $0.02 42.9% 193,000 Carnavale Resources ASX:CAV $0.017 30.8% 882,800

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 04 Feb 2015 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152761/these-are-the-biggest-asx-gainers-intra-day-60498.html
<![CDATA[News - Gateway Mining kicks off nickel-copper drilling at Gidgee, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152760/gateway-mining-kicks-off-nickel-copper-drilling-at-gidgee-western-australia-55198.html Gateway Mining (ASX:GML) has commenced a drilling program targeting volcanogenic massive sulphide copper mineralisation and intrusive related nickel-copper mineralisation at its Gidgee Project in Western Australia.

The 1,400 metres of reverse circulation and 400 metres of diamond drilling will focus on eight targets, all with strong surface or shallow sub-surface anomalism corresponding to electromagnetic conductors.

Reverse circulation drilling at the Apex target in March intersected nickel and platinum group element anomalism beneath a gossan at surface, assaying 2,640ppm nickel and 1,210ppm copper.

Historic aircore results showed strong geochemical nickel and platinum anomalism, including 12.2 metres at 0.71% nickel from 9 metres to end of hole.

Fixed loop electromagnetic surveying also recently identified a new 450 metre long conductor at the Blind Bat prospect that extends downwards to an estimated 750 metres.

It is expected the program will take four weeks to complete.

Recent rain in the area has made manoeuvrability in some locations difficult, and subject to weather conditions in the coming weeks, the timetable for completion may be extended.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 26 May 2014 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152760/gateway-mining-kicks-off-nickel-copper-drilling-at-gidgee-western-australia-55198.html
<![CDATA[News - Gateway Mining starts drilling at Western Australia nickel-copper-platinum project ]]> https://www.proactiveinvestors.com.au/companies/news/152759/gateway-mining-starts-drilling-at-western-australia-nickel-copper-platinum-project-55053.html Gateway Mining (ASX: GML) has started a drilling program targeting both volcanogenic massive sulphide copper mineralisation and intrusive related nickel-copper mineralisation at its Gidgee Project in Western Australia.

The 1,400 metres of reverse circulation and 400 metres of diamond drilling will focus on eight targets.

These all have strong surface or shallow sub-surface anomalism corresponding to electromagnetic conductors.

Reverse Circulation drilling at the Apex target in March intersected nickel and platinum group element (PGE) anomalism beneath a gossan at surface that returned 2,640ppm nickel and 1,210ppm copper.

Historic aircore results showed strong geochemical Ni and PGE anomalism, including 12.2 metres at 0.71% nickel from 9 metres to end of hole.

Fixed loop electromagnetic surveying also recently identified a new 450 metre long conductor within the VMS stratigraphy at Blind Bat that extends downwards to an estimated 750 metres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 19 May 2014 16:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152759/gateway-mining-starts-drilling-at-western-australia-nickel-copper-platinum-project-55053.html
<![CDATA[News - Gateway Mining wraps up drilling at nickel-copper-platinum prospect, WA ]]> https://www.proactiveinvestors.com.au/companies/news/152758/gateway-mining-wraps-up-drilling-at-nickel-copper-platinum-prospect-wa-53335.html Gateway Mining (ASX: GML) has completed drilling at its tenements in Gidgee, Western Australia, with the hole at The Cup nickel-copper-platinum prospect intersecting an altered, structural breccia like zone, with abundant matrix sulphide.

This could represent part of a brecciated stockwork feeder zone to The Cup mineralisation.

Other zones of apparent brecciation occurred intermittently throughout the diamond hole which is also suggestive of perhaps a stockwork of brecciated feeder fault zones.

A down-hole EM survey is planned to commence soon to further develop the geophysical model and define the geometry of the conductive sources.

At this stage, the source of the Ni-Cu-PGE sulphide mineralisation previously intersected remains unexplained and further work is required.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 03 Mar 2014 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152758/gateway-mining-wraps-up-drilling-at-nickel-copper-platinum-prospect-wa-53335.html
<![CDATA[News - Gateway Mining looks for more nickel-copper-platinum at The Cup, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152757/gateway-mining-looks-for-more-nickel-copper-platinum-at-the-cup-western-australia-51817.html Gateway Mining (ASX:GML) is in preparation mode for another round of drilling at The Cup nickel-copper-platinum prospect in Western Australia.

A program of works has been lodged with authorities for drilling expected to commence next month.

Reverse circulation drilling will likely be used to 250 metres to reduce costs, with diamond core used to tail the hole to the targeted conductor, expected at 550 metres depth.

The program of works also includes contingency holes, as Gateway may elect to drill a second hole depending on results.

Recent drilling tested 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-platinum style deposit.

The intersection 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.

Gateway's acquisition and review of historical data suggests adds weight to nickel-copper-platinum mineralisation in the region.

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



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 13 Jan 2014 15:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152757/gateway-mining-looks-for-more-nickel-copper-platinum-at-the-cup-western-australia-51817.html
<![CDATA[News - Gateway Mining identifies potential massive sulphide conductor in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152756/gateway-mining-identifies-potential-massive-sulphide-conductor-in-western-australia-51193.html Gateway Mining (ASX: GML) has completed an electromagnetic survey that has identified a potential massive sulphide conductor at its Gum Creek Greenstone Belt in the Yilgarn Craton, Western Australia.

The very strong conductor, which has a conductance of about 10,000S that is potentially characteristic of well-developed massive sulphide accumulations, may be related to nickel, copper and platinum group element style mineralisation intersected in hole GRC283.
 
It appears to lie about 400 metres to 450 metres from surface and like most of the significant Ni-Cu-PGE intrusive related deposits, appears to have a large conductor relative to the interpreted intrusion.

The company has begun planning its next drill program to commence early in 2014.

It is expected to include two diamond holes to test this new Ni-Cu-PGE target.

Reverse circulation drilling will continue testing for extensions to The Cup VMS copper mineralisation, along with several other compelling targets identified during 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 16 Dec 2013 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152756/gateway-mining-identifies-potential-massive-sulphide-conductor-in-western-australia-51193.html
<![CDATA[News - Gateway Mining assays platinum group elements from The Cup, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152755/gateway-mining-assays-platinum-group-elements-from-the-cup-western-australia-50811.html 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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 03 Dec 2013 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152755/gateway-mining-assays-platinum-group-elements-from-the-cup-western-australia-50811.html
<![CDATA[News - Gateway Mining discovers nickel-copper-cobalt zone near The Cup, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152754/gateway-mining-discovers-nickel-copper-cobalt-zone-near-the-cup-western-australia-50592.html 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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 27 Nov 2013 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152754/gateway-mining-discovers-nickel-copper-cobalt-zone-near-the-cup-western-australia-50592.html
<![CDATA[News - Gateway Mining to divulge Gidgee drilling results, testing for massive sulphides ]]> https://www.proactiveinvestors.com.au/companies/news/152753/gateway-mining-to-divulge-gidgee-drilling-results-testing-for-massive-sulphides-50508.html Gateway Mining (ASX: GML) has been granted a trading halt today pending drilling results from the Gidgee project in Western Australia.

The pending assays are from a reverse circulation drilling program in the Yilgarn Craton, and recently intersections of massive sulphides were returned from a number of holes.

Interestingly, the presence of chalcopyrite throughout large sulphide intersections confirms the company’s opinion that there are very significant copper systems throughout the tenement package.

Gateway's tenements have all the hallmarks of a significant new VMS province, along with existing gold mineralisation throughout the project.

The halt will remain in place until the opening of trade on Wednesday 27th November 2013, or earlier if an announcement is made to the market.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Mon, 25 Nov 2013 14:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152753/gateway-mining-to-divulge-gidgee-drilling-results-testing-for-massive-sulphides-50508.html
<![CDATA[News - Gateway Mining's shares climb further, copper drilling assays pending ]]> https://www.proactiveinvestors.com.au/companies/news/152752/gateway-minings-shares-climb-further-copper-drilling-assays-pending-50263.html Gateway Mining's (ASX: GML) shares jumped another 23.7% on Friday to close at $0.16 on heavy volume of over 1.5 million shares, as investors await drilling assays.

The value of Gateway has continued to firm recently, and is up from around $0.08 a month ago and $0.05 in July this year.

The pending assays are from a reverse circulation drilling program at its Gidgee project in the Yilgarn Craton of Western Australia, with intersections of massive sulphides returned from a number of holes.

Interestingly, the presence of chalcopyrite throughout large sulphide intersections confirms the company’s opinion that there are very significant copper systems throughout the tenement package.

Gateway's tenements have all the hallmarks of a significant new VMS province, along with existing gold mineralisation throughout the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 18 Nov 2013 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152752/gateway-minings-shares-climb-further-copper-drilling-assays-pending-50263.html
<![CDATA[News - Gateway Mining's shares continue to firm, massive sulphides creating interest ]]> https://www.proactiveinvestors.com.au/companies/news/152751/gateway-minings-shares-continue-to-firm-massive-sulphides-creating-interest-50185.html Gateway Mining's (ASX: GML) shares climbed another 14.3% yesterday to finish the trading day at $0.12, with over 1.2 million shares changing hands.

The value of Gateway has continued to firm recently, and is up from around $0.08 a month ago and a recent low of $0.05 in July this year.

At the end of last month Gateway finished a reverse circulation drilling program at its Gidgee project in the Yilgarn Craton of Western Australia, with intersections of massive sulphides returned from a number of holes.

Interestingly, the presence of chalcopyrite throughout large sulphide intersections confirms the company’s opinion that there are very significant copper systems throughout the tenement package.

Assays are currently pending.

Gateway's tenements have all the hallmarks of a significant new VMS province, along with existing gold mineralisation throughout the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 14 Nov 2013 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/152751/gateway-minings-shares-continue-to-firm-massive-sulphides-creating-interest-50185.html
<![CDATA[News - Gateway Mining's electromagnetics highlight potential for large VMS deposit in WA ]]> https://www.proactiveinvestors.com.au/companies/news/152750/gateway-minings-electromagnetics-highlight-potential-for-large-vms-deposit-in-wa-47919.html Gateway Mining (ASX:GML) has detected multiple electromagnetic conductors at The Cup prospect in Gidgee, Western Australia, which correspond to gossan geochemistry and previous ore-grade sulphide copper intersections.

Much of the historical work completed by the company has focused on ‘The Cup’ horizon, however Gateway now believes there is an additional, horizon lying above The Cup that dips west into its new joint venture tenement M57/633.

This model is based on the geochemisty intersected along the tenement boundary, the recently completed MLTEM surveys, and the surrounding geology such as the strong felsic unit and chlorite-sericite alteration.

The gossan, which is an iron-oxide rich ‘cap’ on top of a massive sulphide body, has returned Copper to 17,829 parts per million and gold to 4.73 grams per tonne.

These levels of copper and gold in gossan are considered unusually high. Visible malachite and strong lead results at the new horizon are also important elements in the detection of VMS mineralisation.

Gateway has entered into an agreement whereby it can earn 70% of M57/633.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 12 Sep 2013 15:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152750/gateway-minings-electromagnetics-highlight-potential-for-large-vms-deposit-in-wa-47919.html
<![CDATA[News - Gateway Mining identifies De Grussa-like targets at Gidgee in WA ]]> https://www.proactiveinvestors.com.au/companies/news/152749/gateway-mining-identifies-de-grussa-like-targets-at-gidgee-in-wa-47789.html Gateway Mining (ASX;GML) has detected two ‘shoot like’ conductors at the Birthday Trend and Spot prospects within its Gidgee project in Western Australia, with further results to come from The Cup.

The discrete conductor at Birthday Ternd lies 75 metres below surface, extends to 300 metres, with a moderate south east plunge. Conductance was moderate to high at ~2000S+ which is highly significant given the geological setting.

Notably, this level of conductance is similar to other VMS deposits in Western Australia, including Sandfire's (ASX:SFR) De Grussa.

The surrounding geology is an ideal environment for the formation of VMS mineralisation, such as the strong felsic unit running the length of the granodiorite intrusion, and chlorite-sericite alteration.

The FLTEM survey at the Spot target detected a further shoot-like conductor at 75-100 metres depth extending to 200 metres, with a moderate north-west plunge.n Conductance is moderate at ~500-700S.

Gossanous material and disseminated sulphides have been found proximal to both conductors which again is indicative of stronger base metal mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 10 Sep 2013 13:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152749/gateway-mining-identifies-de-grussa-like-targets-at-gidgee-in-wa-47789.html
<![CDATA[News - Gateway Mining kicks off drilling to extend copper and precious metal deposit at Gidgee, WA ]]> https://www.proactiveinvestors.com.au/companies/news/152748/gateway-mining-kicks-off-drilling-to-extend-copper-and-precious-metal-deposit-at-gidgee-wa-47440.html Gateway Mining (ASX: GML) has commenced a reverse circulation drilling program at the Gidgee project in Western Australia.

The program is expected to drill 2000 metres, however this may be increased depending on results in the field and from an Electro-Magnetic survey underway.

Drilling will focus primarily on the southern portion of the tenement package, with emphasis on The Cup area which has proven Volcanogenic Massive Sulphide mineralisation.

The work will test southern extensions to The Cup, and targets in the Gossans Galore area, and will be completed in 4 to 5 weeks.

The Cup has previously returned grades of 33 metres at 1.23% copper from 89 metres, with a silver 'blanket' directly above the copper zone. 2 metres at 177 grams per tonne silver was recorded from the blanket, alongside gold up to 4.73 grams per tonne, and multielement anomalism including molybdenum, lead and zinc.

The prospect is largely underexplored, as much of the mineralisation was ‘backed up’ against the tenement boundary. A recent agreement whereby Gateway can earn 70% of the neighbouring tenement has rendered the current initiative feasible.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 02 Sep 2013 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152748/gateway-mining-kicks-off-drilling-to-extend-copper-and-precious-metal-deposit-at-gidgee-wa-47440.html
<![CDATA[News - Gateway Mining commences electromagnetic surveying at Gidgee in W.A. ]]> https://www.proactiveinvestors.com.au/companies/news/152747/gateway-mining-commences-electromagnetic-surveying-at-gidgee-in-wa-47200.html Gateway Mining (ASX:GML) has started fixed and moving loop electromagnetic surveys at its Gidgee tenements in Western Australia to test three targets which appear prospective for copper/base metal and precious metal deposits.

Previous drilling at Gidgee intersected copper mineralisation with a silver ‘blanket’ lying on top of the copper zones.

Strongly anomalous gold was also present, consistent with the interpreted VMS mineralisation.

The new targets are conductive zones with excellent supporting geology and geochemistry. The purpose of the FLEM and MLEM is to refine spatial definition for follow up drilling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 27 Aug 2013 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152747/gateway-mining-commences-electromagnetic-surveying-at-gidgee-in-wa-47200.html
<![CDATA[News - Gateway Mining farms into Panoramic Resources’ gold tenement in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/152746/gateway-mining-farms-into-panoramic-resources-gold-tenement-in-western-australia-46616.html Gateway Mining (ASX: GML) is earning a 70% interest in tenement M57/633 at the southern end of Panoramic Resources’ (ASX: PAN) Gidgee Gold Project in Western Australia’s East Murchison Province.

With Panoramic is looking to restart the Gidgee Gold Mine, any discovery made by Gateway could potentially be processed through existing processing plant, offering Gateway a quick and comparatively low cost path towards cash flow.

Gateway will sole fund $1.2 million expenditure over 30 months to earn the interest with at least $200,000 to be spent in the first 18 months.

The farm-out agreement will ensure that there is ongoing exploration on the tenement while the Panoramic focuses on the successful completion of the Gidgee Bankable Feasibility Study, which is due in the fourth quarter of 2013.

Gateway expects to carry out a small electromagnetic surveying program before the end of this year and potentially a small reverse circulation drilling program to follow up any historical anomalies on the tenement.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 12 Aug 2013 13:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152746/gateway-mining-farms-into-panoramic-resources-gold-tenement-in-western-australia-46616.html
<![CDATA[News - Gateway Mining drills for VMS mineralisation in the Yilgarn Craton ]]> https://www.proactiveinvestors.com.au/companies/news/152745/gateway-mining-drills-for-vms-mineralisation-in-the-yilgarn-craton-44433.html The well-funded Gateway Mining (ASX: GML) has commenced a 10,000 metre aircore drilling program targeting VMS mineralisation at the Gidgee tenement package, which is located in the Yilgarn Craton of Western Australia.

Gateway holds around 150 square kilometres of tenements over the Gum Creek Greenstone Belt.

The company is focused on collecting geochemical information from within the VMS stratigraphy, with the drilling not expected to be able to penetrate through massive sulphide sequences, but the results will help to identify targets for follow up reverse circulation drilling.

The aircore holes will be at the Gossans Galore and Gravel Pit prospects and will drill mostly to blade refusal under the strongly weathered zone that is expected to be about 100 metres deep and located below shallow transported cover.

Earlier in the year Gateway used reverse circulation drilling at two other prospects within the Gidgee tenements, with highlights including:

- The Bevan prospect: 10 metres at 1.32% copper, 0.65% zinc and 9.3g/t silver from 43 metres, including 2 metres at 3.7% copper.

- The Cup prospect: 25 metres at 0.78% copper from 68 metres, including 6 metres at 2.03% copper, and
11 metres at 12.2g/t silver from 64 metres.

Gateway had over $3.1 million in cash at the end of March 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 13 Jun 2013 18:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/152745/gateway-mining-drills-for-vms-mineralisation-in-the-yilgarn-craton-44433.html