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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Gidgee | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-8-2018: Gateway Mining Ltd. announces an Exploration/Drilling Update report for its Gidgee deposit at the Gidgee project. Drilling results incl. 16m @ 1.73g/t Au from 20m. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that | |
| Resources: | X | |
| CP/QP: | [Overall Report]: Peter Langworthy (Independent) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that it has further expanded the scale and potential of its 100%-owned Gidgee Gold Project in WA (Figure 1) after identifying a series of extensive and highly prospective new target areas from a recent systematic Aircore drilling program. The new targets lie directly along strike from and between the three advanced prospects drilled to date (Whistler, Montague and Caledonian) and define a 4km long prospective corridor along the margin of the Montague Granodiorite, the major structure controlling gold mineralisation in the area. Following the release of the highly significant results from the Whistler and Montague Prospects. These Aircore drill results represent the final stage of the initial drilling program undertaken by Gateway at the Gidgee Project.) The results provide the Company with a growing level of confidence that the mineralised system at the Gidgee Project has the potential to develop into a large-scale gold system with a strong high-grade component. The maiden Aircore drilling program has provided a systematic test of the highly prospective mineralised margin of the Montague Granodiorite over a strike length of approximately 5km from Whistler to Caledonian. The results have highlighted a series of highly anomalous targets over an extensive strike length that require additional drill testing. Planning and permitting is currently underway for the next phase of evaluation drilling at Whistler, Montague, the C2 Target (Caledonian) and now the Our Jack Prospect. Subject to permitting, programs of drilling will recommence in October 2018. | |
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