GML gateway mining limited

Exciting prospects. Certainly a keeper this one. "NEXT STEPS The...

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    Exciting prospects. Certainly a keeper this one.

    "NEXT STEPS
    The identification of strong VHMS potential along this newly-delineated corridor confirms the Company’s view that the Gidgee Project has the potential to develop into a highly-endowed mineral province with multiple deposit and mineralisation styles.
    The Company remains fully focused on advancing the highly prospective gold prospects outlined on the margin of the Montague Granodiorite over the past six months, which will form the main focus of upcoming drilling programs.
    However, consideration will also be given to further evaluating the VHMS potential as part of the upcoming exploration program, including the possibility of surface mapping and geochemistry programs, targeted ground-based electromagnetic surveys and limited stratigraphic drilling to more accurately define the prospective VHMS horizon.

    MANAGEMENT COMMENT
    Gateway’s Managing Director, Peter Langworthy, said the Company’s strategy of systematically examining and evaluating all of the historical datasets for the Gidgee Project had proven to be a highly effective strategy.
    "We had a good idea that the VHMS system here could be quite significant based in previous excellent work by the Gateway exploration team," he said. "This current assessment has stepped out and confirmed the scale of the system and shown clearly how all of the key targeting attributes fit together."
    "Our database review has successfully generated an outstanding pipeline of gold targets. Now, we also have the potential for an exciting VHMS-related zinc-copper-gold system to evaluate. While our clear priority remains gold exploration, we obviously need to fully evaluate the broader mineral potential of this project for the benefit of our shareholders."
    Peter Langworthy"
 
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(20min delay)
Last
2.7¢
Change
-0.002(6.90%)
Mkt cap ! $11.03M
Open High Low Value Volume
2.8¢ 2.8¢ 2.7¢ $12.98K 475.3K

Buyers (Bids)

No. Vol. Price($)
2 434615 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 368376 2
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Last trade - 15.54pm 20/06/2025 (20 minute delay) ?
GML (ASX) Chart
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