Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gateway Mining Limited ( (AU:GML) ) just unveiled an announcement.
Gateway Mining Limited has announced the commencement of an expanded 44,000-meter aircore drilling program at its Yandal Gold Project. This program, which has increased from an initially planned 25,000 meters, targets the Mustang Shear Zone and surrounding areas, known for their structural complexity and potential for significant gold mineralization. The company is also preparing for diamond drilling at the Dusk ’til Dawn targets and remains well-capitalized with $12.1 million in cash and securities, alongside a recent $22.5 million capital raise. This initiative is expected to enhance Gateway’s exploration capabilities and potentially strengthen its position in the gold mining sector.
More about Gateway Mining Limited
Gateway Mining Limited is a company operating in the mining industry, focusing primarily on gold exploration. The company is engaged in the development of its Yandal Gold Project located in Western Australia, with a market focus on identifying and capitalizing on significant gold mineralization opportunities.
Average Trading Volume: 7,475,586
Technical Sentiment Signal: Buy
Current Market Cap: A$158.2M
Find detailed analytics on GML stock on TipRanks’ Stock Analysis page.