Gateway Mining Accelerates Cowza Drilling with Second RC Rig Confirming 3.5km Gold Strike
Gateway Mining has ramped up exploration at its Cowza gold discovery with a second RC rig, confirming continuous high-grade gold mineralisation along a 3.5-kilometre strike that remains open in multiple directions.
- Second RC rig deployed at Cowza to accelerate drilling
- Continuous high-grade gold mineralisation confirmed over 3.5km strike
- Mineralised corridor remains open in multiple directions
- Pending aircore assay results from additional 1km north of footprint
- Strong cash position supports ongoing 2026 exploration
Second Rig Boosts Cowza Exploration Pace
Gateway Mining Ltd (ASX:GML) has escalated its drilling campaign at the Cowza gold discovery within the Yandal Gold Project by bringing a second reverse circulation (RC) rig online. This move marks a strategic shift from initial discovery phases to a more systematic evaluation of the mineralised system’s scale and continuity.
The addition of the second rig allows Gateway to test multiple target areas simultaneously, accelerating the pace at which fresh rock mineralisation can be assessed beneath the extensive gold anomalism previously identified by aircore drilling.
Extensive High-Grade Gold Mineralisation Confirmed
Recent drilling results have confirmed continuous, high-grade gold mineralisation extending over approximately 3.5 kilometres of strike at Cowza, with the mineralised corridor remaining open in multiple directions. This strike length represents a significant expansion from earlier stages of drilling, reinforcing the prospect’s potential as a major new gold system within Yandal.
Gateway’s CEO Richard Pugh emphasised the geological consistency and strike continuity as reasons for growing confidence in the discovery’s scale. The current drilling program is designed to systematically test beneath the aircore gold mineralisation footprint, focusing on fresh rock to better understand the mineralisation’s depth and extent.
Pending Assay Results and Future Targets
Alongside the RC drilling, additional aircore assay results are awaited from approximately one kilometre of drilling north of the currently defined mineralised footprint. These results could further extend the known mineralisation and provide new targets for follow-up drilling.
Gateway’s well-capitalised position, with $15.7 million in cash and $5.6 million in liquid ASX securities as of the March 2026 quarter, underpins its ability to maintain an aggressive exploration schedule throughout the year.
Strategic Implications for Yandal Project
The Cowza discovery is shaping up as a cornerstone asset within Gateway’s broader Yandal portfolio. The demonstrated strike length and high-grade nature of the mineralisation suggest potential for a significant resource build, though no formal resource estimate has been announced yet.
The deployment of multiple RC rigs, including plans for further expansion, highlights Gateway’s commitment to rapidly delineate key gold zones ahead of potential resource definition. This approach aligns with industry trends where early and systematic drilling accelerates the path from discovery to development.
Bottom Line?
Gateway’s expanded drilling capacity and confirmed strike continuity at Cowza set the stage for a clearer picture of the system’s scale, with upcoming assay results likely to be key in defining its future potential.
Questions in the middle?
- Will pending assay results extend the Cowza mineralised footprint beyond 3.5 kilometres?
- How quickly can Gateway translate drilling success into a formal resource estimate?
- Could further rig additions accelerate the timeline toward development decisions?
