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.