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The latest announcement is out from Gateway Mining Limited ( (AU:GML) ).
Gateway Mining Limited has announced significant findings from its surface geochemical sampling at the Great Western target, part of its Yandal Gold Project. The results have identified a large-scale gold system with a coherent 11.5km gold anomaly, suggesting substantial potential for new discoveries. The gold mineralization is expected to be near the surface, which is promising for future drilling programs. The company is well-funded to continue its exploration activities, having raised $22.5 million recently, and is planning major drill programs to further explore the identified targets.
More about Gateway Mining Limited
Gateway Mining Limited is a company operating in the mining industry, primarily focused on gold exploration. Its flagship project is the Yandal Gold Project located in Western Australia, where it is actively engaged in exploration activities to identify and develop gold resources.
Average Trading Volume: 8,906,654
Technical Sentiment Signal: Hold
Current Market Cap: A$197.1M
Learn more about GML stock on TipRanks’ Stock Analysis page.