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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Gidgee | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2018: Gateway Mining Ltd. announces an Exploration/Drilling Update report for its Gidgee deposit at the Gidgee project. Drilling results incl. 2.8m @ 79.2g/t Au from 171m. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report fu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report further outstanding assay results from the recently completed maiden drilling program at the Whistler Prospect within its 100%-owned Gidgee Gold Project in Western Australia (Figure 1). The results continue to confirm both the quality and accuracy of the historical drilling beneath the previously mined Whistler Open Pit and clearly demonstrate that, with additional drilling, there is excellent potential to delineate a highquality, large-scale gold mineralised system. The results are part of an initial drilling program at Whistler consisting of 15 RC holes (2,559m) and one diamond hole (235m). Gateway’s Managing Director, Peter Langworthy, said the impressive grades and widths returned in the latest batch of assays provided further evidence of the potential for a significant high-grade gold system at the Whistler Pospect. “This builds strongly on the results we announced last month, confirming the presence of a continuous core of highgrade gold mineralisation within a broader, coherent mineralised zone which appears to be open both along strike and down-dip,” he said. “In addition to this, we are seeing signs for the first time of very high-grades, up to 440g/t gold – which is a very encouraging development even though we are still working out the controls on these ‘Bonanza Gold’ occurrences. “We are now looking forward to receiving the final assay results from Whistler and then seeing what comes through in the results from the maiden drill programs at the Montague and Caledonian Prospects. “This will help us to formulate what our next steps should be in terms of drilling. In the meantime, we are aiming to commence aircore drilling, weather permitting, in next few weeks to generate the next generation of significant drill targets.” | |
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