Gateway Mining Limited (ASX: GML) has intersected significant high-grade gold mineralisation at shallow depths in its maiden Reverse Circulation (RC) drill programme at the Kashmir prospect, part of its 100%-owned Gidgee Gold Project in Western Australia.
Managing Director, Peter Langworthy, said grades of up to 8.8g/t Au have been returned, providing an outstanding target for follow-up work.
The RC drilling at the 1.8km long Kashmir gold anomaly was completed as part of a larger 4,500m programme testing several targets around the margins of the Montague Dome. Initial results from this program have now been reported from Whistler West and Kashmir with assays still awaited from a further three prospects.
Mr Langworthy said the results from Kashmir are considered to be outstanding for this early stage of exploration at a greenfields target and continue to reinforce the potential to delineate a significant large-scale gold system at the Gidgee Gold Project.
The Kashmir Prospect was identified by Gateway through fine fraction soil sampling, which highlighted a 1.8 km long gold-in-soil anomaly along the south-eastern margin of the Montague Dome, directly along strike from Horizon Gold Ltd’s Howards gold deposit.
This south-eastern margin is significantly under-explored, even though it represents the “mirror-image” position to the highly mineralised north-western margin that hosts the company’s Montague-Boulder and Whistler Mineral Resources and has been shown to be extensively mineralised along strike by the company’s recently released RC results 1.1km north of Montague-Boulder.
Managing Director, Mr Peter Langworthy, said:
“Intersecting these sorts of grades 1km apart in our very first drill program within a 1.8km long gold anomaly is an extraordinary result!
“This shows the scale of the opportunity at Gidgee and highlights the vast range of targets we have across the project – from resource-growth opportunities at Whistler and Montague to vast new gold anomalies such as Kashmir which are wide open for new discoveries.
“These important drilling results confirm our modelling of how prospective the Eastern Margin of the Montague Dome may be, effectively opening up a new 8-10km long gold trend that has basically never been explored before.
“Significantly, we are seeing the same type of gold mineralisation, in the same rock-types, at Kashmir as we are seeing across our key resource areas on the western side of the Dome. This is an important development which supports our view that we are looking at a major gold system at Gidgee.
“The next step at Kashmir is to develop follow-up programs of exploration for this area that will help us to vector into zones where the mineralising system is thicker and therefore the potential to delineate a major new deposit is increased.
“This work will continue in parallel with our current large-scale drilling programs on the western part of the dome.
“Further results are expected in the next 1-2 weeks from the balance of the recently completed 4,500m RC program on the western side of the dome. RC drilling is scheduled to resume shortly with the 10,000m air-core program now in its final stages, and this will ensure a continued strong flow of results through to the end of the year.”