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An update from Gateway Mining Limited ( (AU:GML) ) is now available.
Gateway Mining has reported significant new aircore drilling results from its Yandal Gold Project, with high-grade gold intersected at the Celia shear and extensive anomalous gold defined along both the Celia and Mustang shear structures. Key intercepts include fresh rock grades up to 3.4 grams per tonne at the bottom of hole on the Celia shear, confirming that the targeted mafic–intermediate contact hosts high-grade mineralisation, while broad zones of anomalous gold in saprolite along the Mustang shear indicate the main shear zone is yet to be intersected but is being progressively narrowed down. The company is accelerating its exploration program, bringing forward tighter-spaced aircore drilling and planning follow-up reverse circulation drilling, supported by a strong cash position after a recent capital raise, underscoring the growing scale and prospectivity of the Mustang-Pony trend and reinforcing the project’s geological links to the nearby Horse Well Gold Camp.
The most recent analyst rating on (AU:GML) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gateway Mining Limited stock, see the AU:GML Stock Forecast page.
More about Gateway Mining Limited
Gateway Mining Limited is an Australian gold exploration company focused on its Yandal Gold Project in Western Australia. The company targets mafic–intermediate shear zones, such as the Celia and Mustang shears, to delineate high-grade gold mineralisation and is currently well funded to pursue an extensive exploration program through 2026.
Average Trading Volume: 3,765,061
Technical Sentiment Signal: Buy
Current Market Cap: A$167.2M
Find detailed analytics on GML stock on TipRanks’ Stock Analysis page.