PRECIOUS METALS

Gateway looking for Flametree to flower on its Gidgee gold ground

New zone of oxide gold being targeted

Gateway looking for Flametree to flower on its Gidgee gold ground

Headling assays from Julias were 4m at 8.3 grams per tonne gold from 56m and from Flametree 3m at 5.4gpt gold from 51m.

Results from subsequent RC drilling are awaited.

Meanwhile a new phase of RC drilling is also imminent as Gateway works on growing the existing 449,000oz resource inventory.

The resource grew 87% last year.

The Kerry Harmanis-backed company started the current quarter with A$5.2 milion cash.

As well as continuing to establish its standalone bona fides, the general broader area Gateway is operating in looks to have consolidation possibilities given the presences of other explorers such as Alto Minerals, Horizon Gold and Rox Resource, as well as Murchison miners Ramelius Resources and Westgold Resources.

Still, market traction is proving difficult to come by in the case of Gateway.

Shares in the junior were unchanged 1.05c, capitalising Gateway at $24 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.