High-grade gold hits highlight potential scale of Gateway’s Gidgee project
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Special Report: Gateway’s expanded exploration program is off to a flying start with high-grade gold intersected 1.1km north of the existing 120,000oz Montague-Boulder resource.
The first pass drilling at the Gidgee project in WA’s mineral-rich Murchison and Northern Goldfields returned significant intersections from both the mafic-hosted Contact Zone and from stockwork mineralisation.
Gateway Mining (ASX:GML) says a top result of 6m at 6 grams per tonne (g/t) gold from a depth of 54m was returned from the drilling.
Results above 5g/t gold are generally considered to be high-grade.
No effective drilling has previously tested this contact between the new intersections and the Montague-Boulder resource. The stockwork mineralisation also demonstrates that there is potential for the continuity of mineralisation from the 120,000oz Whistler resource about 500m to the east.
Historical drilling on the western margin of the Whistler open pit also tested this mineralised position, returning results of 11m at 2.2g/t gold from 32m and 9m at 2g/t gold from 29m.
Notably, the results validate the company’s recent structural geological re-interpretation of the Montague system, and provide exciting indications regarding the scale of mineralisation present in this part of the Montague Dome.
“Hitting a shallow 6m interval of high-grade gold mineralisation grading 6g/t in an entirely new area 1.1km north of the Montague-Boulder resource in our very first round of drilling is a fantastic result,” managing director Peter Langworthy said.
“This is a clear indication of the scale of the opportunity at Gidgee. We have been able to apply the geological learnings from our exploration in and around the Montague resource to successfully extend the same ore-hosting contact over 1km to the north.
“This opens up a massive new area to the north of the Montague deposit along the prospective north-western granodiorite contact to a major exploration push.”
Langworthy said Gateway was looking forward to getting the reverse circulation (RC) drill rig back to this area later this month to systematically drill out what could well be the first of a number of potential game-changing targets at Gidgee.
An aircore drilling program is currently underway at Gidgee – where the company has been consolidating a large 1,000sqkm land package – to test a corridor south of the Achilles target.
The program is expected to continue until mid-September and will be followed by a systematic RC campaign that will continue until early or mid-December.
This campaign will involve both additional resource definition drilling around the Montague-Boulder deposit, as well as a series of regular RC drill sections testing the entire north-western contact of the Montague Dome, and following up on any further results generated in the course of the program.
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.