- Gateway Mining (GML) has received a $150,000 grant to conduct diamond drilling within its Gidgee Gold Project in WA
- The grant is part of the WA Government’s exploration incentive scheme and allows Gateway to drill four 600-metre-deep diamond holes
- Drilling will target the Montague Granodiorite Dome to improve its understanding of the intrusion and mineralisation
- The program is set to begin in the first half of next year as part of a broader reverse circulation (RC) and diamond drilling program at Gidgee
- Gateway Mining’s shares are down 13.3 per cent and trading at 2.6 cents at market close
Gateway Mining (GML) has received a $150,000 exploration incentive scheme (EIS) grant to conduct diamond drilling at the Montague Granodiorite Dome.
The company applied for the funding which is part of the WA Government EIS. The co-funding will allow Gateway to drill four 600-metre-deep diamond holes to generate data and improve its understanding of the Granodiorite intrusion and controls on the mineralisation.
The Montague Granodiorite Dome is part of Gateway’s 1000-square-kilometre Gidgee Gold Project in Western Australia.
Drilling is set to begin in the first half of next year as part of a broader reverse circulation (RC) and diamond drilling program to follow up on recently announced results from the northwest margin of the Montague Granodiorite Dome.
At the end of last week, Gateway Mining announced some high-grade gold results from RC drilling at the Gidgee Gold Project.
This RC drilling program targeted a 1.6-kilometre mineralised trend between the Montague and Whistler gold deposits.
High-grade results include 15 metres at 3.0g/t gold from 104 metres, 10 metres at 9.2g/t gold from 140 metres and 10 metres at 2.5g/t gold from 114 metres.
While the results are highly encouraging, this is only the beginning of an extensive drilling campaign that will continue testing extensions and deepen exploration targets.
Gateway Mining’s shares are down 13.3 per cent and trading at 2.6 cents at market close.