Wide zones of shallow mineralisation intersected over a strike length of at least 1.2km

Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that it has intersected a significant zone of shallow oxide gold mineralisation in air-core (AC) drilling at the Julias target zone, within its Gidgee Gold Project in the Murchison region of WA.

HIGHLIGHTS

  • Strong, near-surface oxide gold mineralisation intersected at the greenfields Julias target zone, located ~5km north-west of the existing 240koz Mineral Resource at the Gidgee GoldProject.
  • Significant results from this substantial new shallow high-grade oxide gold zoneinclude:
    • GWAC0971: 13m @ 4.0g/tAu
    • GWAC0972: 3m @ 7.2g/tAu
    • GWAC0974: 14m @ 1.1g/tAu
    • GWAC0978: 7m @ 1.6g/t Au, and 1m @ 8.6g/tAu
    • GWAC0965: 24m @ 1.4g/tAu
  • TheJuliastargetisnowinterpretedtoextendsouthintotheneighboringFlametreetargetzone,where drilling by Gateway in 2020intersected1:
    • GWAC0267: 5m @ 10.4g/tAu
    • GWAC0256: 4m @ 3.8g/tAu
    • GWAC0257: 9m @ 1.1g/tAu
    • GWAC0247: 5m @ 3.8g/tAu
    • GWAC0246: 3m @ 3.5g/tAu
  • Systematic drilling to be prioritised to evaluate the potential of this exciting new target with Reverse Circulation drilling to commence in late November and further air-core drilling early next year.
Julias is located on a highly prospective litho-structural corridor approximately 5km to the west of the 240,000oz Inferred Montague-Whistler gold deposits2 and immediately north of the previously defined gold mineralisation at Flametree (Figure 3). The results continue to demonstrate the wider potential of the Gidgee Project, and support Gateway's strategy of systematically developing and drill testing targets within this 5km radius.

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