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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Archilles | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2019: Gateway Mining Ltd. announces a Resource Estimation report for its Archilles deposit at the Gidgee project. Exploration Target estimated for the Archilles prospect. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise tha | |
| Resources: | Exploration Target: 1.2 - 3.4Mt @ 2.3 - 3.4g/t Au at Archilles | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that, following a detailed review of historical exploration and drilling data, it has developed an initial Exploration Target for the Achilles Prospect at its 100%-owned Gidgee Gold Project, Western Australia which will be tested as part of a major new drilling program that commenced this week. The reporting of an Exploration Target is in addition to the recently reported Maiden Inferred Resource for the Whistler and Montague Gold Deposits of 3.4Mt @ 2.2g/t Au for 240,000 ounces of contained gold, which was announced to the market earlier today2 . Together with the significant exploration upside at Whistler and Montague, the new Exploration Target highlights the substantial growth potential of the Gidgee Project. Gateway has now completed a full evaluation and interpretation of the Achilles Exploration Target, which is located on the highly prospective margin of the Montague Granodiorite (Figure 1). The generation of this Exploration Target has involved the validation of all historical drilling data and then applying new structural and stratigraphic concepts built on the recent work at both the Whistler and Montague Gold Deposits. This work by the Company has highlighted the potential of the Achilles Exploration Target to advance rapidly to a JORC 2012 compliant Mineral Resource with additional drilling. The Achilles Exploration Target incorporates the previously separate NE Caledonian, Rosie North, S-Bend, AF1 Lode and Rosie Prospects. In total, the target extends for a strike length of approximately 1.5km and now comprises an estimated Exploration Target of 1.2 Mt to 3.4 Mt at 2.3g/t to 3.4g/t for 88,000oz and 370,000oz of contained gold. | |
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