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Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.096 0.017 (21.52%)+
Announcement
Release
9 Mar 2026 8:32AM
Price at Release
$0.079
Full Release
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Summary
Gateway Mining Limited has announced the results of a high-resolution magnetic survey conducted at Glenburgh South, which is adjacent to Benz Mining's Glenburgh Gold Deposit in Western Australia. The survey confirms a 15km-long trend of prospective stratigraphy similar to Benz's 12km gold mineralization corridor. EarthDaily's hyperspectral classification identified elongate spectral anomalies that match the spectral signatures of Benz's deposits, indicating significant gold potential. The project is considered highly prospective due to the identification of polyphase isoclinal folding and second-order structural trends. The next exploration steps include project-wide soil sampling, detailed mapping, and rock chip sampling. Gateway is well-capitalized with $19.4 million in cash and $9.3 million in liquid ASX securities as of the end of December 2025.
Key Points
  • High-resolution magnetic survey confirms continuation of prospective stratigraphy at Glenburgh South.
  • A 15km-long trend analogous to Benz Mining's gold mineralization trend was identified.
  • Elongate kaolinite-dominated spectral anomalies match Benz's deposit signatures.
  • Glenburgh South is considered part of a larger gold district.
  • Upcoming exploration includes soil sampling, mapping, and rock chip sampling.
  • Gateway is financially strong to support exploration with significant cash reserves.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.