Gidgee Gold Project

The Gidgee Gold Project covers an approximate area of 300 km2 over the southern extension of the Gum Creek Greenstone Belt. The project area is prospective for both lode style gold deposits and VHMS (Figure 2.1 and 2.2).

 

Historically, the Gidgee region has produced around 1.5 million ounces of gold, including production from shallow oxide open pits within the Company’s Airport Central tenements (150,000oz).

 

The discovery of copper mineralisation at The Cup Prospect highlights the prospectivity of the project area to host significant VHMS deposits in addition to gold.

The Company has advanced the understanding of both the gold and base metal prospectivity of the Gidgee Project and has identified the major structural controls for the gold mineralisation. Of particular focus will be the major mineralised shear system along the contact between the granite intrusion and the mafic volcanic sequence. Previous drilling has demonstrated the potential for focused high-grade gold mineralisation along this contact zone and for large-scale sheeted vein-stockwork mineralisation within the granite.

 

The focus of exploration is to define the potential of what is interpreted to be a large-scale gold system through systematic and sustained programs of exploration. Excellent potential remains to discover significant near-surface oxide gold deposits, whilst the depth extent of the mineralisation in all cases remains largely untested.

 

The potential of the VHMS system will continue to be assessed and will be targeted at the appropriate time.

Figure 2.1 and 2.2. Gidgee Project Location and Geology

Regional Location Plan showing Gidgee Gold Project tenements and proximity to 3rd party gold operations.

Local geology and tenements. Note high concentration of gold occurrences along western margin of the intrusive granitoid body.

GATEWAY MINING LTD

© 2019 Gateway Mining Limited. All Rights Reserved I ACN 008 402 39