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Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.055 -0.019 (-25.68%)+
Announcement
Release
16 Mar 2026 8:30AM
Price at Release
$0.074
Full Release
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Summary
Gateway Mining Limited has commenced its first systematic drilling program at its top priority gold target, Great Western. The initial drill program, expected to last three months, focuses on the at-surface gold target located along a 16 km dolerite strike length, where previous exploration indicated significant gold-in-soil anomalies and nugget discoveries. This is the first comprehensive drilling effort at Great Western, which exhibits geological characteristics similar to major gold deposits in the Eastern Goldfields. Gateway is well-funded with $19.4 million in cash and $9.3 million in liquid ASX securities, positioning the company to expand its exploration and drilling activities.
Key Points
  • Drilling has commenced at Gateway's top priority, the Great Western gold target.
  • This is the first systematic drilling program at the Great Western site.
  • The site features a 16 km dolerite strike length with gold-in-soil anomalies.
  • Gateway is well-capitalised, with significant cash reserves and liquid assets.
  • The drilling program is expected to take three months to complete.
  • Great Western displays geological similarities to significant Eastern Goldfields deposits.
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.