Gateway Mining hits visible gold at Evermore Prospect

Gateway Mining’s Gidgee gold project in WA is turning up more high-grade results, with infill RC drilling at the Evermore prospect returning coarse visible gold.

Highlight results from 10 of the 91 hole 14,311m RC program included:

10m at 2.8g/t from 101m, directly ‘up dip’ of a previously identified high-grade intercept (7m at 11.7g/t from 97m); and
2m at 10.8g g/t from 87m.

In addition, the first diamond drill hole results from the six hole 2,550m program returned 1.9 metres at 22.4 g/t, including visible gold:

Gateway Mining (ASX:GML) is confident the presence of coarse gold indicates a potential source of some of the grade variability observed to date from assays at Evermore.

Grade variability is common in the area, with previous work at the Montague-Boulder mineral resource suggesting that tighter drill spacing could help define and extend the high-grade domains.

“Evermore a hugely exciting target”

The company says that these results continue to build on the Evermore story, with high-grade intercepts returned over the 1.2km between the historical Whistler and Montague-Boulder pits.

“Evermore is shaping up as a hugely exciting target, with drilling increasingly demonstrating strong gold mineralisation along the entire 1.2 kilometre zone between the historical Whistler and Montague-Boulder pits,” Gateway managing director Mark Cossom said.

“We’re particularly pleased to see assays for some important pathfinder elements alongside the gold – copper, bismuth, tungsten and molybdenum – consistent with those seen at Whistler and Montague-Boulder, which reinforces our interpretation that this area forms part of a large, interrelated gold system.”

Tighter drill spacing at Montague-Boulder

Gateway’s drilling effort over the last nine months has identified a series of high grade domains in a broad gold system away from historical mining activities.

The company plans to further define and expand these high-grade domains by tighter drill spacing as at the Montague-Boulder deposit.

“While we have seen some grade variability across the Evermore area, we’re confident that tighter spaced drilling will successfully define the higher-grade structures, as it did within the nearby Montague-Boulder Resource area,” Cossom said.

“We’re building an increasingly robust understanding of the controls over these high-grade domains at Evermore and have a number of assays yet to come that will further enhance our structural model.”

Air-core drilling planned

Assays are pending from the RC drilling between the Montague-Boulder and NE pits, as well as diamond drilling at Evermore and diamond holes drilled as part of the WA State Government Exploration Incentive Scheme (EIS).

The company is planning a 20,000m air-core drilling program to start next week which will test several large targets across the project – including further extensions to the Achillles South corridor.

Drilling will also test the major gold-in-soil anomaly located immediately to the west of the Evermore prospect, generated by a soil sampling program completed in August 2020.

“A new program of air-core drilling will commence next week to test a major soil anomaly to the west of Evermore as well as several other targets, with the results from both the air-core drilling and this last round of RC and diamond drilling to assist with target prioritisation for a new round of RC drilling in September,” Cossom said.

A major ground gravity survey is scheduled for early July and will complete gravity coverage across the Gidgee Gold Project’s entire tenure, including tenements that form part of the Golden Mile farm-in/JV.

Gateway expects the results from the recent RC and diamond drilling program, as well as those from the upcoming air-core program, will be used in the planning of an RC campaign in mid-September 2021.

This article was developed in collaboration with Gateway Mining a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.