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THE DAILY ROADHOUSE

 

Westgold Resources Recommences Sub-Level Mining at Big Bell

THE DRILL SERGEANT: Westgold Resources (ASX: WGX) has recommenced underground sub-level cave stoping at the Big Bell underground mine at the company’s Cue Gold Operations (CGO) in Western Australia.

Gateway Mining Identifies New Gold Corridors

THE DRILL SERGEANT: Gateway Mining (ASX: GML) has identified extensive new regional gold corridors outside of the main gold trend at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Encounter Resources Welcomes IGO in $15M Yeneena Earn-In Agreement

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) informed the market that Independence Group (ASX: IGO) has elected to enter an earn-in and Joint Venture agreement.

Azure Minerals Enhances Loma Bonita Gold Credentials

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported new intersects of wide intervals of gold and silver mineralisation on the company’s 100 per cent-owned Alacrán project in Sonora, Mexico.

Alicanto Minerals Intersects Chalcopyrite Mineralisation at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has completed the first two drill holes (DH 20-01 & DH 20-02) at the company’s Wolf Mountain copper-gold target area in the Bergslagen district of southern Sweden.

 

Gateway Mining Identifies New Gold Corridors

THE DRILL SERGEANT: Gateway Mining (ASX: GML) has identified extensive new regional gold corridors outside of the main gold trend at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining recently completed a program of reconnaissance aircore drilling, which it claims has identified a series of highly prospective gold corridors that present a major opportunity for new discoveries, particularly shallow oxide gold deposits.

The company has now identified four gold corridors covering a cumulative strike length of approximately 20 kilometres, opening up a major new exploration opportunity within the Gidgee project beyond currently defined resources.

The Flametree prospect is part of an interpreted gold-base metal corridor that has demonstrated potential for near-surface oxide gold.

Recent regional aircore drilling at Flametree intersected shallow oxide gold mineralisation which remains open in all directions, within this broader trend.

Key results include:

GWAC0267
5 metres at 10.4g/t gold from 52m;

GWAC0256
4m at 3.8g/t gold from 20m;

GWAC0257
9m at 1.1g/t gold from 17m;

GWAC0247
5m at 3.8g/t gold from 23m;

GWAC0246
3m at 3.5g/t gold from 44m;

GWAC0243
17m at 0.8g/t gold from 69m, including 11m at 1g/t gold; and

GWAC0236
5m at 1.9g/t gold from 39m.

Further aircore drilling to test a coincident gravity-magnetic target at the Ashes prospect intersected ferruginous quartz veining in sandstones, with anomalous results including:

GWAC0214
8m at 0.7g/t gold from 24m, including 4m at 1.2g/t gold.

Gateway explained that the AC drilling program was designed to test a number of prospective targets away from the primary Montague Granodiorite intrusion and its associated mineralisation.

While the highly mineralised margins of the granodiorite margin remain a priority focus for upcoming programs of exploration and resource extension, the company is also committed to systematically evaluating the potential of the wider Gidgee gold project.

“While our core strategic focus remains to unlock the significant potential that exists around the margin of the Montague Granodiorite and along strike from the existing Resources, we also see outstanding potential to make new discoveries outside of the main mineralised contact,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“The outcomes of the aircore program and our recent regional work has vindicated this belief and highlighted the enormous opportunity to make major new discoveries in completely new areas.

“This supports our view that the Gidgee project forms part of a major gold system and we are now developing a broader pipeline of targets with the potential to deliver a quantum increase in our overall Resource position.

“We are very pleased with the results of this aircore program.

“The results confirm the potential for a major shallow oxide gold system within a series of major structural corridors that have not really ever been systematically tested.

“This presents an outstanding shallow target for cost-effective aircore drilling, which we are planning to resume in parallel with an ongoing process of target ranking and evaluation that will underpin our broader exploration programs for the rest of this year.

“We look forward to presenting the full results of this work in the near future.”

 

Web: www.gatewaymining.com.au

 

THE DAILY ROADHOUSE

 

Alicanto Minerals Hits Big Gold Numbers at Arakaka

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a whack of high-grade gold results from a diamond drilling program recently completed at the company’s 100 per cent-owned Arakaka gold project in northwest Guyana, South America.

Gateway Mining Expands Whistler Gold Footprint

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported results from a recently completed reverse circulation (RC) drilling program around the Whistler gold deposit, within the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Trigg Mining Expands Lake Rason System

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) announced it has received results of drilling carried out in December 2019 over the company’s Laverton Links sulphate of potash (SOP) project in Western Australia.

Antipa Minerals Welcomes Continued Rio Tinto Interest at Citadel

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) reported that Rio Tinto Exploration Pty Limited has elected to proceed with the next earn-in stage into Antipa’s Citadel project which is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province in Western Australia.

Magmatic Resources Defines Large Porphyry Target at Lady Ilse

THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) has completed an advanced MIMDAS geophysical survey at the Lady Ilse prospect, located within the company’s 100 per cent-owned Wellington North project in Western Australia.

Gateway Mining Expands Whistler Gold Footprint

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported results from a recently completed reverse circulation (RC) drilling program around the Whistler gold deposit, within the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining explained the drilling program was designed to undertake a first-pass assessment along strike to the north and south of the Whistler gold deposit to provide understanding of any potential to grow the current Inferred Resource of 1.7 million tonnes at 2.23 grams per tonne gold for 120,000 ounces of contained gold.

The drilling at Whistler was part of a large RC drilling campaign Gateway carried out over several targets at Gidgee, which included both the recent discovery of an extensive zone of shallow oxide gold at Achilles and the expansion of the Montague gold deposit.

The Whistler South zone has been defined in shallow drilling over a strike length of at least 500 metres and remains totally untested at depth.

Results from the latest drilling that continued to define this gold mineralised trend are:

GRC482
13 metres at 1.6g/t gold from 58m; and

GRC480
5m at 1g/t gold from 23m.

The company considers the new results from wide-spaced reconnaissance drilling both to the north and south of the Whistler Resource provided further strong evidence of the potential for a large-scale gold system.

“The new results, combined with some significant advances in our geological thinking over the Christmas/New Year period, amount to a really exciting breakthrough at Whistler, demonstrating that it has excellent potential to grow substantially, both to the north and south,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed the presence of the new Whistler South mineralised structure over a strike length of 500 metres, and it remains totally untested at depth.

“Meanwhile, to the north of the Whistler Resource we have now located the strike extension of the structure that can now be targeted with the next phase of drilling – more than doubling the overall scale of the system to at least 900 metres.

“In addition to the granodiorite-hosted mineralisation, we are also now delineating and understanding the significance of the multiple mafic-hosted hanging wall lodes.

“We are confident that these will develop into a significant zone of mineralisation that is strongly complementary to the main Whistler Resource.

“It is worth noting that all these positions are in close proximity to the current Whistler optimised pit shell, and any expansion of this would easily incorporate these new areas of mineralisation.

“Looking ahead, we will finalise the reporting of the remaining results from the drilling programs completed in December, including the air-core drilling program that comprised first-pass testing of a number of completely new areas.

“We will then prioritise and plan our next exploration steps, taking into the account the significant advances we have made recently in terms of expanding the potential at Whistler and Montague, defining a significant new zone of shallow oxide mineralisation at Achilles and improving our understanding of a number of other emerging prospects.

“Recent drilling has once again reinforced the very large and prospective nature of the Gidgee gold project.

“Our focus this year will be to find the quickest and most cost-effective way of unlocking substantial new discoveries while at the same time rapidly building our resource inventory from the strong base we have already established.”

 

 

Web: www.gatewaymining.com.au

 

Gateway Mining Increases Gidgee Gold Project Tenure

THE BOURSE WHISPERER: Gateway Mining (ASX: GML) announced it has doubled the size of the company’s Gidgee gold project in Western Australia.

Gateway Mining has secured additional prospective tenements covering total area of 262 square kilometres to the north of the Gidgee gold project, taking it to 480sqkm.

The company explained the new tenements were acquired via low-cost acquisition agreements, a strategic Joint Venture and new Exploration Licence Applications.

The expansion follows recent exploration breakthroughs Gateway has made at Gidgee that include a detailed gravity survey, re-processing of airborne magnetic data and drilling.

The new ground includes a range of prospective targets ranging from prospects with similarities to the Montague Granodiorite, to Kanowna Belle and Wallaby-type targets.

Gateway signalled its intentions are to plan systematic exploration programs across the new tenement areas as part of an expanded, multi-pronged exploration push, subject to grant of tenure.

“We have been building our belief that the Gidgee gold project is located within a major mineralised corridor that really hasn’t been viewed in this way previously,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“There has been a lack of a systematic exploration and the fact that the majority of the trend is covered by transported cover means historically the prospectors have not identified any mineralisation.

“We have now invested in collecting and re-processing key geophysical, geochemical and drilling datasets, which has resulted in identifying areas we think have a lot of potential in the medium to long term.

“The transactions we have completed to consolidate this new ground has been done at low cost, but at the same time provides upside to our new project partners in the event of a significant discovery.”

 

Web: www.gatewaymining.com.au

 

Gateway Mining Hits Strong Zones of Shallow Oxide Gold at Achilles Prospect

THE DRILL SERGEANT: Gateway Mining (ASX: GML) claimed to have defined a sieable zone of shallow oxide gold mineralisation over a strike length of at least 400 metres at the Achilles prospect, part of the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining made the claim on the back of Reverse Circulation (RC) drilling results from the Achilles prospect, which it said had marked a strong start to its recently completed 11,000m RC drilling program.

Results include:

GRC446
21 metres at 2.1 grams per tonne gold from 32m, including 7m at 5.2g/t gold;

GRC447
13m at 3.4g/t gold from 5m, including 3m at 12.5g/t gold;

GRC430
11m at 3g/t gold from 32m;

GRC432
7m at 2.2g/t gold from 60m;

GRC435
6m at 3.8g/t gold from 17m;

GRC437
10m at 3.8g/t gold from 31m;

GRC443
6m at 2.1g/t gold from 22m; and

GRC426
19m at 1.3g/t gold from 29m.

The company said a substantial number of assay results remain outstanding from the program, and are expected to be progressively received and reported over the coming weeks.

“This program of RC drilling is a great starting point for our evaluation of the Achilles prospect,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“We have already defined a significant zone of near-surface mineralisation over a strike length of at least 400 metres, including a large component of oxide and transitional mineralisation, and we have significantly improved our understanding of the key controls on the mineralisation which can be applied in a wider context.

“Ultimately though we see the Achilles area as part of a major gold system that requires ongoing systematic programs of exploration.

“Our growing understanding of the controls on the gold mineralisation, combined with the quality of our datasets we now have available to us, means that we are now moving a lot closer towards unlocking the broader potential of this hugely prospective but remarkably under-explored project.

“All of the evidence we are accumulating is pointing towards the potential for a very large gold system on these tenements, and we feel that we are now getting a lot closer to pin-pointing its overall dimensions and identifying the areas of significant economic interest.”

 

Web: www.gatewaymining.com.au

 

THE DAILY ROADHOUSE

 

Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

Meteoric Resources Raises $7M to Accelerate Brazilian Exploration

THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) has received firm commitments to raise $7 million by way of the placement of 140 million new shares to sophisticated and professional investors at five cents per share.

Gateway Mining Expands Gidgee Gold Project Drilling Program

THE DRILL SERGEANT: Gateway Mining (ASX: GML) is progressing with an ongoing Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

St George Hits More Mt Alexander Nickel-Copper Sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

Gateway Mining Expands Gidgee Gold Project Drilling Program

THE DRILL SERGEANT: Gateway Mining (ASX: GML) is progressing with an ongoing Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining declared the drilling to date has produced an excellent outcome, being ahead of the original schedule.

The positive progress has encouraged the company to extend the program until the end of November, which will result in a total of 11,000 metres for 94 holes being drilled compared to the original 8,000m program.

Gateway indicated that on completion of the RC drilling, a planned air-core drilling program will commence that will continue through to the end of the exploration field season in mid-December.

“The aim of the RC drilling is to target immediate extensions to the Whistler and Montague gold deposits, as well as undertake first-pass drill testing of a series of high-priority targets along the granodiorite contact,” Gateway Mining explained in its ASX announcement.

“In addition to this, the air-core drilling is designed to commence systematic testing of large strike extensions of the prospective granodiorite contact that have never previously been tested.

“Initial samples from the program have been submitted to the laboratory for assay and results will be reported as they come to hand.”

 

Web: www.gatewaymining.com.au

 

THE DAILY ROADHOUSE

 

Mincor Resources Enhances Cassini Mineral Resource

THE DRILL SERGEANT: Mincor Resources (ASX: MCR) released a healthy increase in the Mineral Resource for the company’s Cassini nickel sulphide deposit at Kambalda in Western Australia.

Lithium Australia Subsidiary Confirms Offtake Deal with Korean Battery Recycler

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced its 24 per cent subsidiary Envirostream Australia Pty Ltd signed a memorandum of understanding (MoU) with South Korean company SungEel HiTech Co., Ltd for the sale of recycled battery metals.

Meteoric Resources Extends Juruena and Claims Porphyry Style Gold‐Copper Discovery

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) received the latest assays from drill holes JUDD009 and JUDD010 that were completed during the maiden drill program at the company’s 100 per cent-owned Juruena gold project in Brazil.

Gateway Mining to Divest Non-Core Edjudina Exploration Project

THE BOURSE WHISPERER: Gateway Mining (ASX: GML) has entered into a tenement sale agreement for the sale of the company’s Edjudina project Exploration Licences in the Laverton Region of Western Australia.

 

Gateway Mining to Divest Non-Core Edjudina Exploration Project

THE BOURSE WHISPERER: Gateway Mining (ASX: GML) has entered into a tenement sale agreement for the sale of the company’s Edjudina project Exploration Licences in the Laverton Region of Western Australia.

Gateway Mining explained the divestment is part of the company’s strategy of extracting value from its portfolio of non-core exploration assets while maintaining a strong focus on gold exploration and development at its 100 per cent-owned Gidgee gold project.

Through a wholly-owned subsidiary company, Gateway has entered into a conditional tenement sale agreement with Syndicated Metals (ASX: SMD), under which SMD has agreed to acquire an 80 per cent interest in tenements E39/1765, E39/1882, E31/1150 and E31/1134.

The transaction is subject to SMD conducting due diligence in respect of the tenements to its reasonable satisfaction, a condition that must be satisfied or waived by 30 November 2019.

As consideration, SMD will provide Gateway $250,000 that could be paid in up to $200,000 worth of SMD shares.

The deal also involves the grant of a 1.5 per cent gross revenue royalty over the Tenements, payable after the first 200,000 ounces of gold or equivalent mineral product has been recovered.

Gateway’s subsidiary’s remaining 20 per cent interest in the tenements will be free-carried until such a time as a decision to mine is declared, and the parties have agreed to enter into a Joint Venture.

“Syndicated is a well-established ASX-listed explorer with an experienced corporate and technical team with whom we have an existing strong relationship,” Gateway Mining non-executive chairman Trent Franklin said in the company’s announcement to the Australian Securities Exchange.

“The transaction crystallises value, including cash, from the divestment of this non-core project, while preserving exposure for our shareholders to future upside from exploration success through a future production royalty, a free-carried 20 per cent interest and, potentially, shares in Syndicated Metals.”

 

Web: www.gatewaymining.com.au