NEW WHISTLER-STYLE GOLD ZONE DISCOVERED AT MONTAGUE

Gateway Uncovers Broad Gold Zones in Major Structural Area

Gateway Mining Ltd (ASX:GML) has made a breakthrough at the Montague Gold Project with the discovery of a significant new zone of Whistler-style gold mineralization at the Achilles target area. This primary gold mineralization has been intersected beneath a large halo of oxide gold mineralization and is related to swarms of quartz-veinlets within the Montague Granodiorite.

Highlights from the Exploration:

  • The east-dipping mineralized zone is up to 50m thick, spanning over 600m in length and remains open to the south.
  • Recent diamond drilling results have produced new intercepts, including 12.0m @ 1.2g/t Au within a wider zone of 48m @ 0.6g/t Au.
  • This zone aligns with prior granodiorite-hosted intercepts, suggesting a larger trend.
  • Ongoing RC drilling is aimed at expanding the higher-grade area previously identified.

Mr. Mark Cossom, Gateway’s Managing Director, commented:

The discovery of significant widths of primary gold mineralization at depth adjacent to the Achilles Oxide Resource is an exciting development, as it opens up an entirely new granodiorite-hosted gold trend which appears to have been intersected in earlier shallower drilling. We currently have an RC rig on site to test this hypothesis which, if confirmed, will validate the discovery of a new Whistler-style zone of mineralisation with potential to add significant shallow ounces at Montague.

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