Gateway to riches at Gidgee
Published 12-FEB-2019 10:08 A.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Shares in Gateway Mining Ltd (ASX:GML) surged approximately 70% in mid-January after the company delivered promising drilling results at the Whistler Gold Deposit, part of the company’s Gidgee Gold Project in Western Australia.
This drilling was designed to provide sufficient information beneath the historical open pit to undertake the estimation of a maiden Mineral Resource, and to evaluate the potential for high-grade extensions at depth.
The program was successful in achieving both objectives, and the new information has also provided important data on the structural parameters that control the plunge of the mineralisation and the positioning of the off-setting fault through the southern end of the deposit.
This will assist the company in shaping its future drilling programs which are likely to be eagerly awaited given the quality of drilling results indicated below.
The Gidgee project is surrounded by other producing mines as indicated below, and the promising drilling results should lead to the establishment of a Maiden Mineral Resource for the Whistler deposit which will lay the platform for it to emulate the strong performances of its peers once in production.
The Gidgee project is surrounded by other producing mines as indicated below, and the promising drilling results should lead to the establishment of a Maiden Mineral Resource for the Whistler deposit which will lay the platform for it to emulate the strong performances of its peers once in production.
Sufficient data for interim mineral resource estimate
Underlining the significance of these recent developments, Gateway’s managing director Peter Langworthy said, “We now have sufficient drilling data to undertake an interim Mineral Resource estimate based on the shallower portions of the deposit located immediately below the historical open pit.
“This will give us an indication of the options available to us to access this mineralisation by undertaking a cut-back on the existing open pit.
“However, a key message for investors is that the mineralisation at Whistler clearly remains open, and the interim Resource is likely to be only part of an emerging story.”
This is supported by other drilling which intersected significant widths of high-grade gold that extends at depth, making for a highly attractive target.
While Gateway establishes the Resource at Whistler, management plans to commence step-out diamond drilling to test the deeper potential and determine the size of the gold system.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
