Surely they will come up Trumps with all this ground to prospect? Extract from announcement follows -
MANAGEMENT COMMENT
Gateway’s Managing Director, Mr Peter Langworthy, said the farm-in deal with Golden Mile Resources represented
a compelling opportunity to further expand its already strong position within the Gum Creek Greenstone belt, allowing
it to leverage its knowledge gained from the Montague Domain and strengthen its pipeline of exploration and growth
opportunities in this under-explored district.
“This new ground package, which adjoins our existing tenure, will increase the total land-holding under Gateway’s
control to over 1,000km2 of highly prospective, under-explored greenstone within one of the world’s premier gold
exploration jurisdictions. Importantly, it means that Gateway now can explore two major gold-bearing structural
corridors, applying the knowledge we have gained from the Montague Domain to this new Woodley Domain.
“Our initial analysis of the Woodley Domain is that it is just as prospective as the other two established domains in
the belt, with the same rock sequence and greenstone scale structural control. While historical exploration has been
limited and inconsistent, there are a number of exciting drill intercepts in the database that warrant immediate
investigation, including a standout intercept of 40 metres @ 3.0g/t Au from surface.
“This deal is consistent with Gateway’s strategy of accumulating significant land-holdings through low-cost entry
means. The sensible, staged approach to this farm-in will allow Gateway to significantly de-risk the project over time
without committing to significant up-front capital.”
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Ann: GML: Expansion of Gidgee Gold Project via Earn-In Agreement, page-2
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