logo-loader
viewGateway Mining Ltd

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

au_wa__350_522e75e357678.jpg

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.

Quick facts: Gateway Mining Ltd

Price: 0.02 AUD

ASX:GML
Market: ASX
Market Cap: $26.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Electric vehicle sales to accelerate following coronavirus pandemic

Roskill analyst Jose Lazuen tells Proactive London's Andrew Scott severe falls were expected in EV sales but that European and Chinese policies coupled with consumer preferences have shown them to remain strong. He adds that policy is going to favour and push EV sales in certain jurisdictions...

2 days, 9 hours ago

2 min read