Gateway Mining Identifies New Montague Copper-Nickel-PGE Targets

THE DRILL SERGEANT: Gateway Mining (ASX: GML) has declared a new exploration opportunity for magmatic copper-nickel-PGE mineralisation within the company’s 100 per cent-owned Montague gold project in the Murchison Region of Western Australia.

Gateway Mining explained the discovery follows a series of project-wide strategic data compilation and targeting exercises, which are being progressed as part of the company’s focus on step-change exploration and discovery opportunities.

The company has undertaken a re-examination of all historically generated geological and structural data to identify prospective corridors as targets for future exploration work.

This reinterpretation has outlined a +7km corridor west of the Montague Granodiorite Dome comprising potential fractionated mafic/ultramafic intrusions with no previous copper-nickel-PGE exploration.

“The recent high-quality body of work undertaken by our team has clearly demonstrated the potential of the Montague project to host magmatic copper-nickel-PGE mineralisation,” Gateway Minng managing director Mark Cossom said in the company’s ASX announcement.

“This is a very exciting development and represents an opportunity to crystallise significant value for Gateway shareholders from our existing high-quality tenement portfolio.

“It is important to emphasise that this work in no way detracts from our ongoing gold exploration – which remains the company’s primary focus.

“However, given the scale and potential of the base metal horizons we have identified, we intend to pursue this opportunity aggressively on behalf of our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE