Gateway Mining Hits High-Grade Intercepts at Julias
THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported a series of shallow high-grade intercepts achieved from Reverse Circulation (RC) drilling completed late last year at the Julias target area, within the company’s Gidgee gold project in the Murchison Region of Western Australia.
Gateway Mining said the results confirmed the presence of a consistent oxide gold zone over a 500 metres strike length at Julias which remains completely open to the north and south, elevating this area as a priority focus for follow-up drilling scheduled to commence early next month.
Results include:
GRC762
11 metres at 2.6 grams per tonne gold from 24m;
GRC763
10m at 3g/t gold from 38m, and 12m at 2.4g/t gold from 60m;
GRC761
9m at 3.5g/t gold from 67m; and
GRC758
9m at 3.4g/t gold from 55m.
“This is an exciting breakthrough for Gateway which gets the New Year off to a flying start,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.
“We now have consistent broad widths of high-grade oxide gold mineralisation in RC drilling over a 500 metres zone at Julias – and the zone remains completely open to the north and south!
“The ability to rapidly add shallow oxide ounces is a huge bonus for any emerging gold project, and we appear to have a large oxide system on our hands here at the Julias-Flametree target.
“Considering that we had wide zones of high-grade mineralisation in air-core drilling just 800 metres to the south at Flametree, this area clearly has huge potential.
“We have a rig booked to start air-core drilling along the entire trend in early February 2022 together with systematic RC drilling along the main zone.
“Our objective will be to in-fill as much of the area as we can and bring it into our resource inventory as quickly as we can, while continuing to scope out the potential of the broader system.
“We feel increasingly confident about our exploration targeting at Gidgee, and we are hopeful that this will be the first of several exciting discoveries over the course of the next few months and beyond.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@gatewaymining.com.au