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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Montague | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2020: Gateway Mining Ltd. announces an Exploration/Drilling Update report for its Montague deposit at the Gidgee project. Drilling results incl. 5m @ 10.4g/t Au from 52m. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that it has identified extensive new regional gold corridors outside of the main gold trend at its flagship 100%-owned Gidgee Gold Project in Western Australia (Figure 1). The results from recently completed regional aircore (AC) drilling traverses from various strategic targets within the broader Project, combined with an important regional assessment and geological review, has opened up a significant new exploration and discovery opportunity for the Company outside of the currently defined resources. The AC drilling program was designed to test a number of prospective targets away from the primary Montague Granodiorite intrusion and its associated mineralisation. While the highly mineralised margins of the granodiorite margin remain a priority focus for upcoming programs of exploration and resource extension, the Company is also committed to systematically evaluating the potential of the wider Gidgee Gold Project. Evaluation of previous exploration data has identified a series of large-scale mineralised corridors defined by shallow, wide-spaced drilling. A series of key geophysical features have been observed in regional magnetic and gravity data within these corridors that required either additional drilling or a first-pass test. | |
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