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Gateway Mining Limited ( (AU:GML) ) has issued an announcement.
Gateway Mining has reported a significant new gold discovery at the Haflinger target within its Yandal Gold Project, with aircore drilling intersecting 52 metres at 1.4 grams per tonne gold, including 12 metres at 3.1 grams per tonne, in hole MPAC262. Together with earlier high-grade intercepts in adjacent holes, the results define a mineralised trend of at least 500 metres along the Celia Shear in a structurally favourable mafic–intermediate contact zone that becomes more prospective to the south, prompting the company to mobilise two rigs for immediate follow-up aircore drilling and subsequent reverse circulation work, supported by a strong cash position to fund its 2026 exploration plans.
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 100%-owned Yandal Gold Project in Western Australia. The company targets structurally hosted, high-grade gold mineralisation along major shear zones such as the Celia and Mustang trends, and is well funded to pursue an intensive exploration program following recent capital raisings.
Average Trading Volume: 3,516,359
Technical Sentiment Signal: Buy
Current Market Cap: A$169.6M
See more data about GML stock on TipRanks’ Stock Analysis page.