GATEWAY MINING LTD

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

PROJECTS

The Company has executed a binding Heads of Agreement (HOA) to acquire Omni Projects (Acquisition). Omni Projects holds substantial tenement interests around the Company’s Gidgee Gold Project near Sandstone, Western Australia as well as a series of quality exploration projects across the State.

 

Following a recently completed strategic and technical review of the Company’s Gidgee Gold Project, the Company identified the opportunity to pursue a program of regional tenement consolidation over a large area of the highly prospective Archaean aged Gum Creek Greenstone Belt to create a large-scale, high-quality gold and base metals project. The assets held by Omni Projects provide both an immediate consolidation within the main project area and a major expansion (150km2 to 300 km2).

In addition to consolidating the area surrounding Gidgee, completion of acquisition of Omni Projects will provide exposure to a portfolio of six exploration projects located in the Yilgarn, Bryah and Pilbara districts of Western Australia. The projects are considered prospective for precious and base metals including:

 

  • Bryah Basin Project – gold and copper prospectivity proximal to Sandfire Resources NL’s DeGrussa copper-gold mine and the Fortnum gold mine.

  • Cunyu Project – gold-copper, lead-zinc and nickel-copper prospectivity proximal to LeadFX Inc’s Paroo Station (Magellan) lead mine.

  • Edjudina Project – gold and nickel prospectivity along strike of Matsa Resources Ltd’s Fortitude Gold Project within the Laverton Tectonic Zone.

  • Edna May Project – gold and nickel prospectivity adjacent to Ramelius Resources Ltd’s Edna May gold mine.

  • Southern Cross Project – gold, nickel-copper and lithium prospectivity proximal to Minjar Gold Pty Ltd’s Southern Cross gold project.

  • Sylvania Project – conglomerate hosted gold prospectivity within the Hardy Formation or equivalent.

 

The Company’s immediate objectives will involve targeting a series of high-priority, advanced prospects at the Gidgee Gold Project with RC drilling, systematically evaluating the potential of the main gold corridors with the first pass aircore drilling and to assess the potential for quality volcanic-hosted massive sulphide deposits (VHMS). In addition, systematic programs of exploration across the regional tenements will include surface geochemical sampling, geophysical surveys and programs first-pass reconnaissance aircore drilling.   

 

Following completion of the Acquisition, the Company’s exploration projects will comprise of seven separate project areas located across Western Australia, from the Southern Cross region in the south to Newman in the north (Figure 1.0). The projects comprise:

Location and Access

 

  • Gidgee Gold Project (Gateway and Omni Projects) located 75km north of Sandstone;
  • Bryah Basin Project (Omni Projects) located 150km north of Meekatharra;

  • Cunyu Project (Omni Projects)  located 95km north of Wiluna;

  • Edjudina Project (Omni Projects) located 170km NE of Kalgoorlie-Boulder;

  • Edna May Project (Omni Projects) located 60km east of Southern Cross;

  • Southern Cross Project (Omni Projects) located 105km north of Southern Cross; and

  • Sylvania Project (Omni Projects) located 25km west of Newman.

Figure 1.0 Gateway Mining Limited: Exploration Project Locations