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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Whistler | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2019: Gateway Mining Ltd. announces an Exploration/Drilling Update report for its Whistler deposit at the Gidgee project. Drilling results incl. 21m @ 5.3g/t Au from 149m. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report that outstanding new drilling results have been returned from the most recent program of in-fill and extensional drilling at the Whistler Gold Deposit, within its 100%-owned Gidgee Gold Project in Western Australia (Figure 1). This drilling was designed to provide sufficient information beneath the historical open pit to undertake the estimation of a maiden Mineral Resource, and to evaluate the potential for high-grade extensions at depth. The program has been successful in achieving both objectives. The new information has also provided important information on the structural parameters that control the plunge of the mineralisation and the positioning of the off-setting fault through the southern end of the deposit. This understanding allows for future drill targeting to be further optimized. Gateway’s Managing Director, Peter Langworthy, said the highly successful drilling program completed late last year had laid the foundations for a maiden Mineral Resource estimate at Whistler while also confirming the Company’s belief in the potential for the deposit to continue to develop into a significant high-grade gold system. “We now have sufficient drilling data to undertake an interim Mineral Resource estimate based on the shallower portions of the deposit located immediately below the historical open pit,” he said. “This will give us an indication of the options available to us to access this mineralisation by undertaking a cut-back on the existing open pit. “However, a key message for investors is that the mineralisation at Whistler clearly remains open, and the interim Resource is likely to be only part of an emerging story there,” he continued. “We have intersected significant widths of high-grade gold that we see extending at depth – a highly attractive target for us. “While we work up the Resource at Whistler we are planning to commence step-out diamond drilling to test the deeper potential and determine really how big this gold system may be. Ultimately, we have a strong belief in the potential of the broader Gidgee Project to develop into a long-term gold camp.” | |
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