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Gateway Mining identifies De Grussa-like targets at Gidgee in WA

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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.

 

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Quick facts: Gateway Mining Ltd

Price: 0.018 AUD

ASX:GML
Market: ASX
Market Cap: $23.47 m
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