| Announcement Date: | 2023-09-12 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Gateway Mining Ltd. |
| Project name: | Montague |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 16m at 1.7g/t Au from 20m |
| 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 encouraging assay results from the first of two recently completed air-core drilling programs at its 526,000oz2 Montague Gold Project, located in the Murchison Gold District of Western Australia. These two programs form part of Gateway’s current exploration focus targeting “step-change” gold discoveries across the Montague Project. The initial air-core program consisted of 90 holes for 4,724 metres of drilling and was focused primarily on the Plymouth North target area (see Figure 1). Plymouth North covers over 1.2km of a major structural trend which can be traced in regional magnetics and gravity datasets under the transported cover of a major creek system, which is strike parallel to the major Caledonian-Montague-Boulder corridor (which currently hosts over 230,000oz of Mineral Resources). A review of historic geochemical sampling highlighted a coincident gold and arsenic anomaly from historic auger sampling. In addition, observations from historic drilling within this area show strong shearing and quartz veining with anomalous gold. |
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