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Gateway Mining identifies potential massive sulphide conductor in Western Australia

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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.

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Price: 0.016 AUD

ASX:GML
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Market Cap: $21.43 m
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