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.
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.
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