Jubilee-linked Gateway one step closer to maiden gold resource at Gidgee
Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA
18th July 2019
Resources Rising Stars
Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA and, insiders hope, one step closer to Jubilee 2.0 (reports Stockhead).
Recent drilling has shown that the “cornerstone” Whistler deposit is continuing to develop into a large-scale gold system.
Thick, high-grade gold mineralisation was intersected at shallow depths by recent reverse circulation drilling.
Top hits include 12m at 5 grams per tonne (g/t) gold from 79m, 7m at 6.55g/t from 114m and 15.4m at 2.94g/t Au from 128m.
The Whistler focused drilling is split into two parts.
The reverse circulation drilling was done to try and delineate a resource for a resource estimate (which is expected in the near-term), while diamond drilling was done to try and understand the geological setting of the deposit.
Managing director Peter Langworthy said the latest drilling results from the Whistler deposit amounted to a “significant exploration breakthrough” for the Gidgee gold project, highlighting the strong potential for one of the project’s cornerstone deposits to grow substantially.
“In parallel with some really high-quality geological evaluation work completed recently by our team, the latest drilling has changed our view of the potential at Whistler – confirming that we have a very significant large-scale gold system on our hands which could grow significantly from here,” he said.
“At the same time, we have been able to increase our confidence levels in the quality of the mineralisation at Whistler during the resource estimation phase.”
The results demonstrate that the Whistler deposit remains open along strike both to the north and south, and that multiple structurally controlled, high-grade domains are present within a broader mineralised envelope.
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