GML gateway mining limited

Ann: Continuity of High-Grade Mineralisation at Evermore, page-21

  1. 3,043 Posts.
    lightbulb Created with Sketch. 249
    Correct - we would all have hoped for better results and indeed it seems management are only just starting to get a hold of the mineralization - hence the comments:
    "The latest results have confirmed the continuity of the main high-grade zone, while recent drill core observations
    from diamond drilling have evolved the Company’s geological understanding of the Evermore prospect,
    highlighting the presence of a steeply east-dipping orientation to the high-grade zone.
    This has opened up a significant opportunity to delineate further high-grade mineralisation at depth by changing
    the orientation of the drilling. Several RC holes have recently been completed to test this interpretation, with assay
    results awaited."

    In a perfect world we'd be off to the races by now - but the drill campaign isn't a duster - they are on the trail of something big, only it's turning out to be highly variable - much like many gold targets amongst the juniors.

    We still have a bunch of results to come in and management are hinting that the diamond drill core contains something to report back on - with the potential for stacked mineralisation - something they have alluded to in the past. If the diamond cores disappoint then we probably won't get a hammering as we have fallen about 30% from our highs already. Note they are embarking on a further 20,000m A/C campaign in June so they are hardly abandoning the project - let's see if they can find the missing pieces to the puzzle.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.9¢
Change
0.002(7.41%)
Mkt cap ! $11.85M
Open High Low Value Volume
2.8¢ 2.9¢ 2.8¢ $20.41K 709.7K

Buyers (Bids)

No. Vol. Price($)
1 15000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 100000 1
View Market Depth
Last trade - 15.51pm 23/06/2025 (20 minute delay) ?
GML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.