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Gateway Mining Limited ( (AU:GML) ) has provided an announcement.
Gateway Mining Limited has identified a key mineralized trend at its Mustang Shear structure within the Yandal Gold Project. The company plans to commence a substantial 25,000-meter aircore drilling program in mid-October to explore the Mustang shear and its convergence with the Celia shear. This initiative is expected to enhance Gateway’s understanding of the geological controls and potentially uncover significant gold deposits, thereby strengthening its position in the gold mining sector. The company is well-capitalized for its exploration plans, with $12.1 million in cash and liquid assets.
More about Gateway Mining Limited
Gateway Mining Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Yandal Gold Project located in Western Australia, where it aims to discover and develop significant gold mineralization.
Average Trading Volume: 1,853,398
Technical Sentiment Signal: Buy
Current Market Cap: A$85.9M
Learn more about GML stock on TipRanks’ Stock Analysis page.