- Gateway Mining (GML) reports new high-grade results from drilling at the Julias deposit within the Gidgee gold project in WA
- Roughly 4200 metres of drilling was completed over a 500-metre strike at the main Julias oxide zone
- This work intersected up to 11 metres at six g/t gold from 58 metres and the company says the results confirm the continuity of the oxide zone
- Gateway Mining plans to use the drill results to complete a maiden resource estimate for the Julias deposit by the end of the quarter
- GML ends the day with shares trading steady at 0.9 cents
Gateway Mining (GML) has reported new high-grade results from drilling at the Julias deposit within the Gidgee gold project in Western Australia’s Murchison region.
The 4203-metre infill reverse circulation (RC) program was completed to provide regular data coverage and target oxide mineralisation across the 500 metres of strike at the Julias oxide zone.
Highlighted results include 11 metres at six grams per tonne (g/t) gold from 58 metres, four metres at 6.1 g/t gold from 30 metres, eight metres at 3.2 g/t gold from 60 metres and 13 metres at 2.6 g/t gold from 71 metres.
The company said the results confirmed the continuity of the high-grade oxide zone over the 500-metre strike length.
“The Julias oxide deposit has rapidly emerged as one of the most exciting new discoveries at the Gidgee gold project,” Managing Director Mark Cossom said.
“The recent infill RC program has well and truly lived up to expectations, delivering consistent high-grade results across the currently defined 500-metre strike length of the deposit.”
Mr Cossom said that now the oxide mineralisation has been clearly defined, the company has enough data to begin working on a maiden mineral resource estimate for the Julias deposit. This is planned to be completed later this quarter.
Further drilling is also planned over the extension.
GML ended the day with shares trading steady at 0.9 cents.