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Gateway Mining Limited ( (AU:GML) ) has provided an announcement.
Gateway Mining has commenced the first systematic drilling program at its Great Western gold prospect in Western Australia, targeting a differentiated dolerite unit along the Great Western Shear Zone. The campaign follows extensive geophysical work, mapping and surface sampling that outlined a 16km strike with strong gold-in-soil anomalies and widespread nugget finds, positioning Great Western as a potentially significant new dolerite-hosted gold system.
Two aircore rigs are currently testing the outcropping 7km portion of the dolerite, with reverse circulation drilling due to start within weeks to follow up zones of veining, alteration and areas beyond aircore depth limits. Gateway says it is well funded, with substantial cash and liquid securities, and expects to expand drilling at Great Western over the coming months, signalling an aggressive 2026 exploration push that could materially influence its resource base and regional footprint.
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 developing targets in the Western Australian goldfields. The company is currently prioritising its Great Western prospect, where it is targeting dolerite-hosted gold mineralisation analogous to major deposits such as Jundee and Junction, supported by strong surface anomalism and nugget discoveries.
Average Trading Volume: 2,849,790
Technical Sentiment Signal: Hold
Current Market Cap: A$171.9M
Learn more about GML stock on TipRanks’ Stock Analysis page.