Proactive Investors - Run By Investors For Investors

Gateway Mining hits more high-grade gold within Gidgee project

Strong results confirm the presence of a high-grade gold structure down dip of the Montague open pit.
Gateway Mining hits more high-grade gold within Gidgee project
Potential exists to expand zones of remnant gold mineralisation

Gateway Mining Ltd (ASX:GML) has received high-grade gold results from the Montague deposit of its Gidgee project in WA, confirming growth potential.

A recently completed reverse circulation drilling program was designed to test the down-dip extensions of the Montague Gold deposit.

Shallow, high-grade results

There were strong intersections returned from shallow positions, within 100 metres of the surface.

Key results include 5 metres at 11.5 g/t gold from 104 metres, 2 metres at 5.80 g/t from 75 metres 9 metres at 4.24 g/t from 89 metres and 5 metres at 4.47 g/t from 70 metres.

They show that the mineralised shear zone extends from the immediate base of the historical Montague open pit.

Potential for extensions

There is also clear potential for significant extensions as the deposit remains open down-dip and along strike.

These add to previous results of 7 metres at 3.91 g/t from 70 metres within 15 metres at 2.1 g/t along with 4 metres at 24.1 g/t from 239 metres in the Gordon’s Lode.

READ: Gateway Mining’s high-grade gold results will lead to maiden resource at Gidgee

Gateway’s managing director Peter Langworthy said the pre-Christmas drilling highlighted the opportunity for high-grade mineralisation in the base of the open pit to develop into a highly significant gold system.

“Montague is another example of the type of high-grade gold endowment that we believe exists across the Gidgee project and the drilling results have bolstered our view of the emerging opportunity,” he said.

“Onto something exciting”

“The results clearly indicate that the mineralisation is getting stronger at depth and remains totally open along strike.

“When you consider that we also have a new high-grade discovery in the Gordon’s Lode, in a parallel position to the main sheer zone at depth, it is clear that we are onto something exciting.”

RC drilling to test extensions

A program of step-out RC drilling is planned to test the extensions of the mineralisation, which, subject to permitting, will begin before the end of this quarter.

Langworthy said: “We now also believe that there is serious potential to delineate additional zones of mineralisation in the base of the rest of the open pit.

“Any potential future cut-back will need to be designed to access this mineralisation as well.”

- Jessica Cummins 


View full GML profile View Profile

Gateway Mining Ltd Timeline

February 08 2017

Related Articles

The 25th element on the periodic table, manganese
February 13 2019
Test work on Butcherbird ore recently produced very high purity 99.95% manganese metal.
Drill rig in the Goldfields
February 11 2019
Intermin gained today on news it may snap up a Coolgardie project and plant from Focus Minerals.
January 13 2019
The company recently announced the start of the Chinchillas operation in Jujuy Province, Argentina

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use