Gateway Mining Commences Diamond Drilling on Deep Targets at Montague
THE DRILL SERGEANT: Gateway Mining (ASX: GML) has commenced diamond drilling to test two deep targets at the company’s Montague gold project, located in the Murchison Gold District of Western Australia.
Gateway Mining explained the 2-hole, 1,100m diamond drilling campaign has been designed to evaluate favourable structural zones the company has identified directly down-dip of existing Mineral Resources at the 163,000 ounce Montague-Boulder and 99,000 ounce Achilles deposits.
The company identified these prospective structural zones via a recent 2- dimensional seismic survey completed across the Montague Granodiorite.
The drilling is being co-funded through the WA Government Exploration Incentive Scheme (EIS).
“Our step-change exploration campaign at Montague has reached a pivotal moment with the commencement of this exciting deep diamond drilling campaign,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.
“These deep holes will target interpreted structural zones down-dip of existing resources at Montague-Boulder and Achilles identified through the recent 2D seismic survey.
“This will give us the first definitive picture of the geological structures and mineralising processes at work at Montague which have led to the deposition of the known shallow deposits.
“We are very excited by what this drilling could deliver, we will be targeting highly prospective areas down-dip of significant gold mineralisation.
“At the very least, we expect the drill core and assay data from this program to provide high value stratigraphic and structural information, that will assist us to vector in on a game-changing discovery at Montague and hopefully demonstrate the potential for a multi-million-ounce mineral system.
“In parallel with this drilling, the team will undertake heritage surveys over the exciting new anomalies defined at Montague North.
“This should pave the way for a new phase of air-core drilling to test this vast new gold target, as well as the new target area identified at Montague West.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE