Gateway Mining Reveals New High-Grade Assays on Julias Gold Oxide Discovery

Gateway Mining expects to complete a resource for Julias in the current quarter.

Junior explorer Gateway Mining (ASX:GML) has announced new high-grade assays from infill drilling at the emerging Julias oxide gold deposit, part of the Gidgee project in the Murchison region of Western Australia.

A total of 46 reverse circulation drill holes were completed over 4,203m, primarily targeting oxide mineralization within the top 70m of cover.

The company designed the holes to provide regular data coverage over the 500m strike length in the main oxide zone.

Consistent high-grade mineralization was found throughout the strike, with highs of 11m at 6 grams per tonne gold from 58m; 4m at 6.1g/t gold from 30m; 8m at 3.2g/t gold from 60m; 4m at 4.0g/t gold from 57m; 13m at 2.6g/t gold from 71m; 10m at 2.7g/t gold from 52m; and 11m at 2.2g/t gold from 43m.

Other results include 4m at 3.1 g/t gold from 51m; 5m at 2.6g/t gold from 55m; 6m at 2.8g/t gold from 72m; 7m at 2.8g/t gold from 36m; and 7m at 2.5g/t gold from 51m.

Gateway said all results will be used to establish an initial mineral resource estimate for Julias later this quarter.

Exciting discovery

Gateway managing director Mark Cossom said Julias has quickly become one of Gidgee’s exciting new discoveries.

“The oxide mineralization has been clearly defined and we now have enough data to start working on a mineral resource estimate,” he said.

“Exploration to date has established that this deposit has the potential to make a significant contribution to our resource inventory at Gidgee, and we look forward to completing work to achieve this.”

Additional mineralization

Despite industry-wide delays in assay turnaround times, Gateway continued its strategy of exploring for additional mineralization within 5 km of the existing resources at the 449,000 ounce Gidgee Project.

Another 15,000m reverse circulation drill is underway targeting extensions of existing resources at the Evermore, Montague-Boulder and Achilles deposits, and under the historic Caledonian open pit.

Exploration will also systematically test the eastern margin of the Montague granodiorite for the first time.

The program is about 60% complete.

Following drilling, Gateway will conduct a regional air core program of approximately 16,000m to test high priority targets throughout the Gidgee project.

The company hopes the work will provide additional prospects for follow-up drilling in the new year.

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