Gateway Mining Limited (ASX: GML) has unveiled encouraging results from its initial air-core drilling campaign at the Montague Gold Project in Western Australia, home to a substantial 526,000-ounce gold reserve. Focusing on the Plymouth North target area, the program featured 90 drill holes spanning 4,724 meters, revealing a newly identified mineralized structure with significant potential as a gold target. This zone showcased extensive shearing, quartz veining, and sulfide development, all marked by robust gold mineralization.
Additionally, scout drilling at Plymouth North validated the presence of a significant north-south-oriented fault zone, corroborating earlier geophysical interpretations. Notably, the initial air-core drilling east of the Montague-Boulder Mineral Resource unearthed a sizable near-surface oxide mineralization, expanding upon promising prior findings. Gateway is committed to further exploration, conducting a second air-core program and preparing for deep diamond drilling to investigate "step-change" targets identified through a recent 2-dimensional seismic survey, slated to commence in early October.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.