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Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.090 0.043 (91.49%)+
Announcement
Release
22 Jun 2026 8:38AM
Price at Release
$0.047
Full Release
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Summary
Gateway Mining Limited has identified a promising new high-grade gold discovery at the Cowza prospect, part of its Yandal Gold Project in Western Australia. Initial drilling at a previously untested mafic-intermediate volcanic contact has revealed significant gold mineralisation with notable results including 4m at 4.7g/t Au and 46m at 0.4g/t Au. This prospect shows geological similarities to the Millrose deposit, suggesting potential for substantial resource expansion. The mineralisation spans an 800m portion of a larger 2.5km structure, indicating further exploration potential.
Key Points
  • Gateway Mining Limited announced a new high-grade gold discovery at the Cowza prospect.
  • Initial drilling at the previously untested mafic-intermediate volcanic contact has confirmed strong gold mineralisation.
  • Significant drilling results include 4m at 4.7g/t Au from 96m in hole CZAC017, 4m at 3.0g/t Au from 76m in hole CZAC028, and 46m at 0.4g/t Au from 68m in hole CZAC040.
  • The Cowza prospect shows geological similarities to the Millrose deposit, enhancing the potential for significant gold resources.
  • The mineralisation was found over an 800m portion of a 2.5km structure, with potential for extension.
  • The discovery is part of the Yandal Gold Project located in Western Australia.
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.