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Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.069 -0.002 (-2.82%)+
Announcement
Release
6 Oct 2026 8:39AM
Price at Release
$0.071
Full Release
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Summary
Gateway Mining Limited announced first assay results from its regional soil sampling program at the Glenburgh South Project in Western Australia’s Gascoyne region, defining two coherent gold-in-soil anomalies each extending დაახლოებით 4km along strike within interpreted regional structural corridors identified from recent geophysical work and located immediately south of Benz Mining Corp’s Glenburgh Gold Project in the broader Glenburgh Gold District. The company said the results are encouraging for an early-stage, wide-spaced reconnaissance program conducted on a 200m by 800m grid, noting that while absolute gold values are modest, the scale and continuity of anomalism support its structural targeting model and warrant further work, including infill soil sampling, geological mapping, rock-chip sampling, structural observations, integration of geochemical and geophysical datasets, and generation of priority targets for first-pass drill testing. Appendix data shows 338 surface soil samples were collected and analysed for gold, with summary statistics including a maximum of 8ppb Au, mean of 0.28ppb and 99th percentile of 5.3ppb, and the announcement also outlines tenement interests, historical exploration context, and JORC-compliant sampling and QAQC procedures for the Glenburgh South Project.
Key Points
  • Initial soil sampling at Glenburgh South defined two coherent gold-in-soil anomalies, each about 4km long.
  • The anomalies coincide with interpreted regional structural corridors identified through recent geophysical interpretation.
  • The project is in the prospective Glenburgh Gold District immediately south of Benz Mining Corp’s Glenburgh Gold Project.
  • Gateway considers the broad anomalism encouraging despite modest absolute gold values because sampling was on a wide-spaced 200m by 800m grid.
  • The results represent the first systematic geochemical testing of priority structural corridors at Glenburgh South.
  • Gateway is conducting follow-up geological mapping, rock-chip sampling, structural observations and prospect evaluation.
  • Soil sampling is continuing across two additional target areas within the project area.
  • Next steps include infill soil sampling, refining structural interpretation and generating first-pass drill targets.
  • A total of 338 surface soil samples were collected and analysed for gold.
  • Reported soil sample statistics include a maximum of 8ppb Au, a mean of 0.28ppb and a 99th percentile of 5.3ppb.
  • Gateway holds an 80% interest in key Glenburgh South tenements, with some additional applications at 100% ownership.
  • Historic exploration by Normandy identified significant gold anomalies and a 13km surface gold anomaly on a comparable structure.
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.