| Announcement Date: | 2022-10-24 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Gateway Mining Ltd. |
| Project name: | Montague |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12m at 5.6g/t Au from 56m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to report significant assay results from recent Reverse Circulation (RC) drilling along strike and adjacent to the 99,000oz Indicated and Inferred Achilles deposit, part of the 526,000oz1 Montague Gold Project in the Murchison Region of Western Australia. The RC drilling at Achilles formed part of a larger overall program recently undertaken to test strike extensions to several of Gateway’s existing deposits. A total of 27 holes for 2,754m of drilling were completed at Achilles, with holes designed to test the strike extensions of the current Resource to the north, as well as test the area to the east and south-east where historical RC, Rotary Air Blast (RAB) and recent air-core drilling has indicated the presence of widespread shallow mineralisation. The current Mineral Resource at Achilles consists of shallow oxide zone mineralisation largely located along strike to the north of the historical Rosie open pit, mined by Herald Resources in 1993. The Achilles mineralisation is controlled by an east-dipping sheared contact between a mafic dolerite and the Montague Granodiorite unit. Thick zones of gold mineralisation |
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