- Gateway Mining (GML) kicks off reverse circulation (RC) drilling at its Montague gold project in the Murchison Gold District of Western Australia
- The company aims to extend recently-discovered broad gold mineralisation beneath the historic Caledonian pit through the drilling work
- Initial drilling in late 2022 returned “encouraging” mineralisation such as two metres at 6.4 grams per tonne (g/t) gold and 18 metres at 0.5 g/t gold from 106 metres
- The new program will test the historic pit over a strike length of more than 450 metres down to 150 metres below the surface
- Gateway Mining shares are trading at 4.3 cents at 10:53 am AEDT
Gateway Mining (GML) has started reverse circulation (RC) drilling at its Montague gold project in the Murchison Gold District of Western Australia.
The program is the first to systematically test the entire strike length of the Montague-Caledonian shear system beneath the historic Caledonian pit.
The shear system hosts the Montague-Boulder deposit, where the company achieved drilling success in 2022.
Results from the first holes drilled into the structure returned 13 metres at 1.4 grams per tonne (g/t) gold from 101 metres, including 2 metres at 6.4 g/t, and 18 metres at 0.5 g/t gold from 106 metres.
“Our initial drilling below this pit, which for the first time tested the continuation of the ore-zone into the fresh rock, intersected the host Caledonian-Montague shear zone and returned a significant thickness of more than one g/t gold mineralisation last year,” GML Managing Director Mark Cossom said.
The new program will test the historic pit over a strike length of more than 450 metres down to 50 metres below the surface, leading towards expanded exploration programs in the future.
“This mineralised structure is the same one that hosts the mineralisation at the Montague-Boulder deposit, approximately 1.3 kilometres to the north, where Gateway has defined a resource of more than 163,000 ounces to date,” Mr Cossom added.
Additionally, the company said it would embark on a second exploration program later this month to explore new deposits within the broader 1000 square kilometres of tenure.
Gateway said the exploration would target “step-change” discoveries to bolster the growth of the current 526,000-ounce Montague mineral resource.
Gateway Mining shares were trading at 4.3 cents at 10:53 am AEDT.