Great Western’s Untapped Gold Potential Grows with New Nugget Haul

Expanding the Gold Footprint

Gateway Mining Ltd (ASX – GML) has announced a significant expansion in its gold nugget discoveries at the Great Western splay corridor within its Yandal Gold Project in Western Australia. The company has collected an additional 328 gold nuggets weighing a total of 72.7 grams, extending the known strike length of gold nugget occurrences to approximately 4 kilometres. This latest haul follows a previous recovery of 134 nuggets weighing 366 grams, highlighting the growing scale of this mineralised system.

Geological Significance and Exploration Progress

The newly discovered nuggets were primarily recovered from two key structural positions – a high-priority dilation zone where gold-in-soil anomalies wrap around the margin of the Great Western Intrusive, and a recently mapped dolerite contact. These findings support Gateway's geological model that the Great Western splay corridor hosts a complex structural setting conducive to high-grade gold mineralisation. Notably, the area has minimal surface cover, meaning mineralisation is expected to be near surface, which could simplify future extraction.

Gateway is advancing its exploration with detailed structural mapping and a high-resolution ground gravity survey aimed at better defining key structural trends and the intrusive contact. The company plans to drill two stratigraphic diamond holes next month as a precursor to a substantial reverse circulation drilling program, signalling a methodical approach to delineating the resource potential.

Capital Position and Operational Update

Financially, Gateway remains well positioned to support its aggressive exploration agenda, holding approximately $13.1 million in cash and liquid ASX securities at the end of the September quarter, supplemented by a $22.5 million capital raising completed thereafter. On-site drilling activities are progressing, with an aircore rig achieving strong daily metre rates and a diamond rig nearing completion of its second hole at the Haflinger prospect on the Mustang-Pony trend.

Looking Ahead

While the gold nuggets have been visually identified and not yet assayed for purity or trace elements, their distribution and association with structural features provide compelling evidence of a significant gold system. Gateway’s ongoing and planned exploration activities will be critical in confirming the scale and grade of mineralisation. The company’s methodical approach, combined with its strong capital base, positions it well to unlock the potential of the Great Western corridor and broader Yandal Project.