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Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.075 0.024 (47.06%)+
Announcement
Release
3 Aug 2026 8:37AM
Price at Release
$0.051
Full Release
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Summary
Gateway Mining Limited has initiated a regional soil sampling program at its Glenburgh South Project in Western Australia's Gascoyne region. This program represents the first systematic geochemical assessment of priority targets in the area, targeting the Errabiddy and Northern Shear Corridor trends. The effort involves collecting over 2,400 soil samples across approximately 50 kilometers of highly prospective structural corridors identified through recent magnetic and remote sensing studies. These corridors are analogous to the geological settings hosting Benz Mining's Glenburgh Gold Deposit. Field activities were delayed due to significant wet season rainfall, but have resumed with improved conditions. Gateway remains well-capitalized with $15.1 million in cash and liquid securities as of June 2026, supporting planned exploration activities.
Key Points
  • Regional soil sampling program underway at Glenburgh South.
  • Targets include Errabiddy and Northern Shear Corridor trends.
  • Program involves over 2,400 soil samples testing 50 km of corridors.
  • Corridors identified from magnetic and remote sensing studies.
  • Analogous to Benz Mining's Glenburgh Gold Deposit setting.
  • Field activities delayed by wet season rainfall.
  • Gateway holds $15.1 million in cash and liquid securities.
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.