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Gateway Mining (ASX: $GML) confirms new bedrock gold mineralisation at Duplex prospect

Gateway Mining Ltd reports significant new zone of bedrock gold mineralisation


Gateway Mining Ltd (ASX: $GML) has reported significant results from follow-up Reverse Circulation (RC) drilling at the Duplex target within its 100%-owned Montague Gold Project in Western Australia. The company has successfully intersected a zone of fresh bedrock gold mineralisation over 200m of strike at the new Duplex Prospect, with significant assays indicating promising mineralisation potential.

Executive Commentary on Duplex RC Drilling Results


Gateway's Managing Director, Mr Mark Cossom, expressed satisfaction with the results, stating, 'We are pleased to see further robust intersections of shallow bedrock gold mineralisation in follow-up RC drilling at Duplex. While this prospect is still at an early stage of evaluation, we have now defined significant gold mineralisation over a strike length of at least 200m with clear indications that it remains open for at least 500m. We are looking forward to planning the next phase of follow-up drilling to further scope out the size of the mineralised structure and advance this exciting new area towards a resource drilling phase.'

Summary of Duplex RC Drilling Results


The follow-up RC drilling at Gateway Mining's Duplex prospect has confirmed a significant new zone of bedrock gold mineralisation over a 200m strike length, with clear indications that it remains open for at least 500m. The company's Managing Director, Mr Mark Cossom, highlighted the exciting potential of this new discovery and expressed optimism about planning the next phase of follow-up drilling to further define the size of the mineralised structure. The results continue to demonstrate the upside to the current 526,000oz Mineral Resource base, positioning Gateway Mining for further exploration and potential resource expansion at the Montague Gold Project.

GATEWAY MINING LIMITED
GML | ASX | Materials
0.023-0.002(-8%)
At close 05/07 (AEDT)
Market cap
$9.9M
Volume
439,999
DY Yield
0
PE Ratio
0
52 Week Range
0.015 - 0.046
1YR Return
-79.091%

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