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Gateway Mining Limited ( (AU:GML) ) has shared an announcement.
Gateway Mining has reported initial aircore drilling results from its new Hummer Prospect, located immediately west of its Haflinger gold discovery along the Celia-Mustang trend at the Yandal Gold Project in Western Australia. The Hummer mineralisation sits on a flexured splay off the main Celia Shear Zone, where early drilling has intersected oxide gold including 16m at 1.0g/t Au from 64m, with 4m at 2.7g/t Au, and remains open along roughly 4km of largely untested strike.
The company has expanded its ongoing two-rig aircore program by adding 52 holes for infill and step-out drilling at Hummer, with further holes likely as results refine the mineralised trend. Management says the intercepts resemble early results at the nearby Haflinger discovery and highlight the potential for a larger gold system, noting that previous historic drilling failed to test the key shear in fresh rock, thereby underscoring significant upside for resource growth and value creation for stakeholders.
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 Ltd is an Australian gold exploration company focused on the Yandal Gold Project in Western Australia. The company targets shear-hosted gold systems along key structural trends such as the Celia-Mustang corridor and remains well funded for its 2026 exploration program with a strong cash and liquid securities position.
Average Trading Volume: 2,653,050
Technical Sentiment Signal: Buy
Current Market Cap: A$169.6M
For a thorough assessment of GML stock, go to TipRanks’ Stock Analysis page.