Gateway Mining Identifies Substantial Exploration Upside at New Yandal Project
Gateway Mining (ASX: GML) has used historical data to identify significant exploration upside at its newly acquired Yandal gold project in Western Australia.
The company, which only finalised the $45 million acquisition of the 400,000-ounce gold project from Strickland Metals (ASX: STK) earlier this month, has already identified at least 90 kilometres of untested shear zones at the project.
Gateway discovered the zones in recent gravity and aeromagnetic surveys and understands them to be major secondary splay shears off the primary 75km-long Celia shear zone at Yandal.
Soil Sampling Program
Gateway is in the middle of a major sampling program, and is also conducting a 3D Induced polarisation survey at Dusk ‘til Dawn to refine targeting for a planned November diamond drilling campaign.
The company has mobilised exploration team members to site to complete mapping and surface geochemical sampling, including rock chip, soil and lag sampling, with an initial focus on the Great Western splay corridor.
It is also wrapping up spectral and multi-element analysis of historical bottom-of-hole samples across the Mustang-Celia shear, immediately north of the Horse Well gold camp, that it will use to better define targets for drill testing.
“A number of other recently completed programs have results pending [and] we expect to have constant news flow coming out of the project over the coming weeks and months,” incoming executive chair Andrew Bray said.
Fertile Gold Exploration Ground
Mr Bray said the new shear zone trends represent fertile gold exploration ground and offer enormous potential for future discoveries.
“The amount of area that covers the key structural trends […] is a setup that is quite remarkable in the WA goldfields, given the amount of historical exploration effort,” he said.
“This is even more so, considering Yandal is such an important greenstone belt as well as our proximity to Northern Star Resources’ (ASX: NST) Jundee operations to the southwest.”
Significant Appointments
Gateway recently added Mr Bray to its Yandal project development team, along with experienced mining executive Anthony McClure as a non-executive director.
Mr Bray brings more than 15 years of experience to the role, through previous work involved with the financing and development of natural resources companies.
Mr McClure has 30 years of technical, management and financial experience across the global resource sector in project management and executive development roles.
The pair have significant experience at the Yandal project, having been closely involved in its development since 2021 through their involvement with Strickland Metals.