Gateway Mining Scores RC Gold Results Along Caledonian-Evermore Trend
THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported assay results from Reverse Circulation (RC) drilling at the company’s Montague gold project in the Murchison Region of Western Australia.
Gateway Mining is drilling targeting extensions to known mineralisation along the major Caledonian-Montague Shear system, which hosts the Montague-Boulder and Evermore deposits within the project area.
The RC drilling was completed as part of a larger program designed to test extensions to existing deposits within the Montague Project area.
Gateway Mining was only able to complete two holes due to access restrictions caused by historical mining waste dumps and tails storage facilities.
However, both holes intersected wide zones of shearing with associated quartz veining within the interpreted structure at depth, returning assays of:
GRC1005
13 metres at 1.4 grams per tonne gold from 101m, including 2m at 6.4g/t gold; and
GRC912
18m at 0.5g/t gold from 106m.
“The strategic focus of much of our recent drilling has been to open up new avenues where we see the opportunity to make quantum leaps in terms of discovery and resource growth at the Montague gold project,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.
“The Caledonian-Montague Shear System is clearly one such opportunity.
“We have now intersected significant primary mineralisation over a vast strike distance, from the Caledonian pit in the south to the Evermore deposit in the north.
“There are big gaps in the drilling, and we see a clear pathway to add further ounces and make further discoveries along this large, well-endowed shear zone system.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE