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Gateway Mining Ltd.
Summary
| Project: | Gidgee | |
|---|---|---|
| Deposit: | Whistler, Montague | |
| 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 Whistler, Montague deposit at the Gidgee project. Initial mineral resource estimate for project. Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report a ma | |
| Resources: | (Resource, Inf.): 3.425Mt @ 2.20g/t Au for 240Koz Au contained | |
| CP/QP: | [Resources]: Peter Langworthy (Internal) | |
| ABSTRACT: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report a maiden JORC 2012 Inferred Mineral Resource estimate (MRE) for the Company’s 100%-owned Gidgee Gold Project, Western Australia (Figure 1). This initial Mineral Resource position represents the first step in what is expected to be an ongoing process of resource growth and upgrade, over the short to medium term. The reported Mineral Resources, comprising a total Inferred Resource of 3.425 million tonnes grading 2.2g/t Au 240,000 ounces of contained gold, relate to the Whistler Gold Deposit and Montague Gold Deposit, which are both located on the prospective margin of the Montague Granodiorite. The two Resources are located approximately 800m apart (see Figure 1). The Montague Resource has a component of quartz-stockwork gold mineralisation in the base of the historical open pit which is now referred to as the Boulder Gold Deposit. Gateway Mining Managing Director, Mr Peter Langworthy, said the completion of a maiden Resource for these two key deposits represented an important first step in the Company’s strategy to develop a new large-scale gold project at Gidgee. | |
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