- Gateway Mining (GML) has requested back-to-back trading halts ahead of a capital raise
- Last month, Gateway was able to recommence exploration activities at its Gidgee Gold Project, which is located in WA
- During the temporary suspension of activities, the company was able to better understand the deposits and generated drilling targets
- Gateway plans to conduct a number of exploration programs at Gidgee later on in the year
- Company shares last traded for 1.9 cents each on July 9
Gateway Mining (GML) has requested back-to-back trading halts ahead of a capital raise.
The company expects the trading halt to be lifted before the commencement of trading on Thursday, July 16.
Last month, Gateway Mining was able to recommence exploration activities at its Gidgee Gold Project which lies northeast of Mount Magnet in Western Australia.
The company was forced to temporarily suspend field activities due to COVID-19. During this time, however, Gateway was able to better understand the deposits in the area, which led to the generation of specific targets for drilling.
Gateway plans to conduct a number of exploration programs at Gidgee later on in the year.
At this stage, drilling activities will be conducted at the Whistler and Montague deposits to expand the current combined inferred mineral resource estimate of 3.425 million tonnes at 2.2g/t for 240,000 ounces of contained gold.
Drilling will also target the Kashmir and Achilles prospects.
Company shares last traded for 1.9 cents each on July 9.