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GATEWAY MINING LIMITED Regulatory Filings 2021

Oct 6, 2021

64999_rns_2021-10-06_79aecc77-1a81-4f77-8f18-b5c6a275f6d4.pdf

Regulatory Filings

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ABN: 31 008 402 391 Level 11, 52 Phillips Street Sydney NSW 2000 GPO Box 225 Sydney NSW 2001 Tel: 61 2 8316 3998 Fax: 61 2 8316 3999 Website: www.gatewaymining.com.au

ASX Announcement: 7 October 2021

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OXIDE GOLD ANOMALISM INTERSECTED OVER +2km IN AIRCORE DRILLING AT PLYMOUTH

Significant new greenfields target delineated 850m west of Montague-Boulder

HIGHLIGHTS

  • First systematic testing of the large Plymouth soil anomaly intersects +2km long oxide-zone gold anomalism parallel to the Montague-Boulder to Evermore trend.

  • Highly encouraging initial results from wide-spaced air-core drilling, including:

  • GWAC0645: 4m @ 1.8g/t Au

  • GWAC0593: 4m @ 1.4g/t AuGWAC0637: 4m @ 1.0g/t Au

  • Plymouth is one of several emerging pipeline exploration opportunities within 5km of Gateway’s existing Mineral Resources at Gidgee.

  • The discovery of the large Plymouth target is consistent with Gateway’s overall strategy to build out the emerging major gold system at the 1,000km[2] Gidgee Gold Project.

  • Coherent oxide-zone gold anomalism is related to an apparent shear zone structure within the bedrock that remains open/untested to the south, highlighting the significant potential away from the margin of the Montague granodiorite

  • Follow-up drilling is planned to better define the anomalism and continue testing to the south.

Gateway Mining Limited (ASX: GML) ( Gateway or Company ) is pleased to report highly encouraging initial results from the recently completed 22,000m air-core ( AC ) drilling program at its 100%-owned Gidgee Gold Project in the Murchison district of WA.

The results reported in this announcement are from initial drilling to test the Plymouth target, a large gold anomaly located 850m west of and parallel to the key Montague-Boulder to Evermore trend that was defined by finefraction soil sampling conducted in 2020.

This new prospect has been identified as part of Gateway’s strategy of advancing multiple gold targets within 5km of its existing Mineral Resources at Montague Boulder and Whistler.

Drilling intersected a wide shear zone within the basalt unit that hosts mineralisation at Montague-Boulder and Evermore and associated volcaniclastic units. The weathered oxide zone at Plymouth averaged approximately 60m below surface, with weathering noticeably deeper over the shear zone, down to depths of over 100m below surface.

A coherent anomalous supergene gold “blanket” was intersected, at the base of the saprolite zone within the weathering profile. The saprolite anomaly was intersected over a 2km strike length (Figure 1) and remains open to the south. Several higher-grade intersections were returned, which is highly encouraging for first-pass air-core drilling. These intersections include:

  • GWAC0645: 10m @ 0.8g/t Au from 52m, including 4m @ 1.8g/t Au

  • • GWAC0637: 12m @ 0.5g/t Au from 36m, including 4m @ 1.0g/t Au • GWAC0644: 12m @ 0.4g/t Au from 48m • GWAC0647: 6m @ 0.5g/t Au from 48m

In addition, a channel of surficial laterite style mineralisation was intersected across several traverses, correlating to gravels that have been the focus of historic dry blower activities.

Significant intersections were returned at surface in several holes, including:

  • GWAC0593: 12m @ 0.6g/t Au from 0m, including 4m @ 1.4g/t Au

A total of 91 holes for 6,888m of AC drilling were completed at Plymouth. Holes were drilled on 800m spaced traverses, with two 200m in-fill traverses included around a series of historic underground workings (Figure 2). All significant intersections received from the Plymouth air-core drilling are detailed in Table 1, with full details of the drill program outlined in the JORC Table 1 included as an Appendix to this release.

Following compilation of these results, Gateway plans to advance the Plymouth target during the next planned air-core campaign in February 2022. Further drilling will be planned to extend coverage to the south and in-fill within the existing anomaly.

Management Comment

Gateway’s Managing Director, Mr Mark Cossom, said: “These are really encouraging results for our very first systematic air-core program to test the large Plymouth gold anomaly. Achieving several shallow ore grade results within an extensive oxide zone gold anomaly is a tremendous result and clearly establishes Plymouth as one of our priority greenfields exploration targets.”

“We are committed to building a strong pipeline of exploration targets within 5km of our existing Resources and this will clearly be an important focus for us early next year. In the meantime, work is continuing on our Resource updates and we look forward to receiving the balance of results from the recent 22,000m air-core program.”

==> picture [328 x 435] intentionally omitted <==

Figure (1): Plymouth air-core drilling maximum down-hole gold.

==> picture [328 x 435] intentionally omitted <==

Figure (2): Plymouth air-core drilling hole location diagram.

Exploration Update

Additional results from the air-core drill program completed in August are outstanding, with results from approximately 15,000m of drilling at the Achilles South and Julias targets still awaited.

A Reverse Circulation ( RC ) drilling program has recently been completed on site, with approximately 4,000m of RC holes drilled to in-fill the northern end of the Achilles North target prior to estimation of a maiden Mineral Resource, as well as holes to test the northern extensions of the Evermore target. All samples from this program have been submitted to the commercial laboratory in Perth.

Work is continuing on the Project-wide Mineral Resource upgrade, with a revised estimate to be undertaken on the existing Montague-Boulder Mineral Resource, as well as a maiden Mineral Resource estimate for the Evermore, Achilles North oxide (pending in-fill RC results detailed above) and Airport oxide targets.

As part of Gateway’s strategy of continuing to advance multiple potential deposits within 5km of its existing Mineral Resources, detailed soil sampling was recently completed at the Monarch prospect, in order to allow planning for first-pass RC testing of this exciting target. In addition, field reconnaissance of the Kashmir target, located immediately along strike from the 204koz Au Howards deposit, owned by Horizon Gold (ASX: HRN), has been undertaken to allow for planning of the next phase of RC testing.

This released has been authorised by:

Mark Cossom Managing Director

For and on behalf of

GATEWAY MINING LIMITED

Competent Person Statement

The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Stuart Stephens who is a full-time employee of Gateway Mining Ltd and is a current Member of the Australian Institute of Geoscientists. Mr Stephens owns options in Gateway Mining Ltd. Mr Stephens has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Stephens consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Investors Media Mark Cossom Nicholas Read Managing Director Read Corporate T: 02 8316 3998 T: 08 9388 1474 or Kar Chua Company Secretary T: 02 8316 3998

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TABLE (1): PLYMOUTH AIR-CORE DRILLING SIGNIFICANT INTERCEPT TABLE

Hole ID MGA_E MGA_N RL Hole
Depth
(m)
Dip/Azi From
(m)
To
(m)
Width
(m)
Au
(g/t)
Comment
GWAC0586 750425 6966919 509 57 -60/090 NSA
GWAC0587 750383 6966926 508 64 -60/090 NSA
GWAC0588 750342 6966928 507 68 -60/090 52 56 4 0.1
GWAC0589 750302 6966927 510 73 -60/090 44 48 4 0.1
GWAC0590 750263 6966925 512 59 -60/090 36 40 4 0.1
GWAC0591 750219 6966924 506 69 -60/090 NSA
GWAC0592 750179 6966926 504 61 -60/090 0 4 4 0.1
GWAC0593 750141 6966923 499 69 -60/090 0 12 12 0.6
including 4 1.4
GWAC0594 750100 6966923 505 86 -60/090 0 8 8 0.2
GWAC0595 750046 6966922 503 79 -60/090 0 8 8 0.2
72 78 6 0.1
GWAC0596 750023 6966921 511 80 -60/090 0 8 8 0.1
78 80 2 0.1
GWAC0597 749984 6966922 509 64 -60/090 0 4 4 0.2
GWAC0598 749940 6966925 507 67 -60/090 NSA
GWAC0599 749906 6966922 506 75 -60/090 NSA
GWAC0600 751360 6969106 513 25 -60/090 NSA
GWAC0601 751320 6969106 518 19 -60/090 NSA
GWAC0602 751235 6969112 516 45 -60/090 NSA
GWAC0603 751287 6969108 520 51 -60/090 NSA
GWAC0604 751197 6969107 524 56 -60/090 NSA
GWAC0605 751164 6969106 518 66 -60/090 NSA
GWAC0606 751122 6969105 518 69 -60/090 NSA
GWAC0607 751078 6969104 513 48 -60/090 NSA
GWAC0608 751040 6969106 510 56 -60/090 NSA
GWAC0609 750515 6967950 512 56 -60/090 NSA
GWAC0610 750474 6967953 512 70 -60/090 0 4 4 0.1
GWAC0611 750444 6967951 511 75 -60/090 NSA
GWAC0612 750400 6967950 509 82 -60/090 NSA
GWAC0613 750362 6967948 510 83 -60/090 NSA
GWAC0614 750320 6967946 509 81 -60/090 NSA
GWAC0615 750279 6967950 514 72 -60/090 NSA
GWAC0616 750244 6967948 515 75 -60/090 NSA
GWAC0617 750198 6967951 514 89 -60/090 NSA
GWAC0618 750158 6967951 510 95 -60/090 NSA
GWAC0619 750121 6967949 512 109 -60/090 NSA
GWAC0620 750078 6967952 512 113 -60/090 NSA
GWAC0621 750040 6967947 509 103 -60/090 92 103 11 0.2
GWAC0622 750000 6967950 507 96 -60/090 NSA
GWAC0623 749962 6967951 510 96 -60/090 NSA
GWAC0624 749918 6967949 512 99 -60/090 NSA
GWAC0625 749878 6967949 506 78 -60/090 NSA
GWAC0626 749841 6967948 506 79 -60/090 NSA
GWAC0627 749801 6967947 511 70 -60/090 NSA
GWAC0628 750440 6967152 509 57 -60/090 NSA
GWAC0629 750400 6967148 508 69 -60/090 NSA
GWAC0630 750360 6967150 506 76 -60/090 NSA
GWAC0631 750320 6967149 505 88 -60/090 NSA
GWAC0632 750275 6967150 511 90 -60/090 44 52 8 0.1
GWAC0633 750243 6967148 515 87 -60/090 44 48 4 0.1
GWAC0634 750204 6967149 511 68 -60/090 0 4 4 0.1
64 66 2 0.1
GWAC0635 750164 6967153 519 66 -60/090 0 8 8 0.1
GWAC0636 750121 6967150 500 74 -60/090 0 8 8 0.2
40 44 4 0.1
GWAC0637 750082 6967149 508 77 -60/090 0 12 12 0.1
36 48 12 0.5
including 4 1.0
68 76 8 0.1
GWAC0638 750024 6967147 508 95 -60/090 NSA
GWAC0639 750002 6967147 508 80 -60/090 0 8 8 0.1
GWAC0640 749960 6967147 508 62 -60/090 NSA
GWAC0641 749920 6967147 509 64 -60/090 NSA
GWAC0642 749880 6967147 505 65 -60/090 NSA
GWAC0643 750362 6966745 503 65 -60/090 28 64 36 0.2
GWAC0644 750321 6966748 503 62 -60/090 28 44 16 0.1
48 60 12 0.4
61 62 1 0.2
GWAC0645 750282 6966748 501 62 -60/090 28 44 16 0.2
52 62 10 0.8
including 4 1.8
GWAC0646 750240 6966748 501 68 -60/090 0 4 4 0.1
32 40 8 0.2
44 52 8 0.4
60 68 8 0.3
GWAC0647 750201 6966749 501 54 -60/090 32 40 8 0.2
48 54 6 0.5
GWAC0648 750160 6966748 501 71 -60/090 64 71 7 0.1
GWAC0649 750121 6966746 501 46 -60/090 0 4 4 0.1
GWAC0650 750105 6966744 503 47 -60/090 NSA
GWAC0651 750040 6966746 501 71 -60/090 68 70 2 0.1
GWAC0652 749998 6966746 500 52 -60/090 NSA
GWAC0653 749959 6966744 502 63 -60/090 NSA
GWAC0654 749920 6966745 505 63 -60/090 NSA
GWAC0655 749880 6966750 505 80 -60/090 0 4 4 0.1
GWAC0656 749840 6966748 505 70 -60/090 NSA
GWAC0657 750400 6965953 503 66 -60/090 NSA
GWAC0658 750358 6965951 504 74 -60/090 0 8 8 0.1
GWAC0659 750322 6965947 504 86 -60/090 44 52 8 0.2
GWAC0660 750282 6965948 501 111 -60/090 24 28 4 0.1
GWAC0661 750240 6965952 502 81 -60/090 NSA
GWAC0662 750204 6965948 504 102 -60/090 NSA
GWAC0663 750168 6965950 504 114 -60/090 NSA
GWAC0664 750117 6965950 500 132 -60/090 16 20 4 0.1
76 84 8 0.2
GWAC0665 750082 6965949 499 108 -60/090 8 20 12 0.1
GWAC0666 750040 6965950 504 112 -60/090 NSA
GWAC0667 750002 6965951 505 102 -60/090 NSA
GWAC0668 749957 6965947 504 89 -60/090 32 40 8 0.1
GWAC0669 749920 6965948 504 79 -60/090 NSA
GWAC0670 749876 6965949 507 88 -60/090 NSA
GWAC0671 749840 6965950 505 87 -60/090 20 28 8 0.1
GWAC0672 749829 6965933 504 91 -60/090 28 32 4 0.2
GWAC0673 749757 6965949 504 87 -60/090 89 90 1 0.1
GWAC0674 749721 6965947 491 93 -60/090 NSA
GWAC0675 749679 6965949 495 88 -60/090 NSA
GWAC0676 749637 6965948 499 79 -60/090 NSA

Notes:

  • All coordinates located in MGA (GDA94) Zone 50. Azimuth is magnetic degrees

  • RL’s are nominal

  • Samples are nominal 4m composite samples, with sample length modified to accommodate 1m bottom-of-hole samples

  • Significant intersections are calculated based on a minimum of 1m greater than 0.1g/t Au with a maximum of 4m of internal dilution

  • Au assayed by 50g Fire Assay with AAS finish at ALS Laboratories Perth and Kalgoorlie

  • NSA – No Significant Assay

APPENDIX (1)

About the Gidgee Gold Project

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Gidgee Gold Project Tenement Location Diagram

APPENDIX (2): PLYMOUTH AIR-CORE DRILLING AUGUST 2021 JORC Code, 2012 Edition Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised
industry standard measurement tools appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples
should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple
(e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was
pulverized to produce a 30 g charge for fire assay’). In other cases more explanation
may be required, such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may
warrant disclosure of detailed information.

Air-core drilling (GWAC prefix) - 2kg - 3kg nominal 4m composite samples were
collected via spear method from from dry 1m bulk samples. End of hole samples were
collected as separate 1m spear sample.

The bulk reject from the sample was dumped into neat piles on the ground.

Field duplicates were collected at a ratio of 1:50 and collected at the same time as the
original sample through the B chute of the cone splitter. OREAS certified reference
material (CRM) was inserted at a ratio of 1:50. The grade ranges of the CRM’s were
selected based on grade populations and economic grade ranges.
Drilling
techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger,
Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other type, whether core is oriented and if so, by
_what method, etc.). _

Air-core – Bostech Drilling drill rig was used. The rig consisted of a custom built truck
mounted air-core rig with 700cfm x 350psi on board compressor.
Drill
sample
recovery

Method of recording and assessing core and chip sample recoveries and results
assessed.

Measures taken to maximize sample recovery and ensure representative nature of the
samples.

Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse material.

During the air-core sample collection process, the sample sizes were visually
inspected to assess drill recoveries.

The majority of samples were of good quality with ground water having minimal
effect on sample quality or recovery.

From the collection of recovery data, no identifiable bias exists.
Logging
Whether core and chip samples have been geologically and geotechnically logged to
a level of detail to support appropriate Mineral Resource estimation, mining studies
and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel,
etc.) photography.

The total length and percentage of the relevant intersections logged.

Air-core bottom of hole chips were washed and stored in chip trays for each hole.

Chips were visually inspected and logged to record lithology, weathering, alteration,
mineralisation, veining and structure.

Data on rock type, deformation, colour, structure, alteration, veining, mineralisation
and oxidation state were recorded.
Criteria JORC Code explanation Commentary

Loggingis bothqualitative andquantitative in nature.
Sub-sampling
Techniques and
sample
preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet
or dry.

For all sample types, the nature, quality and appropriateness of the sample
preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise
representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material
collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Samples were spear sampled from dry, 1m bulk sample and combined into a nominal
4m composite sample. The End of hole sample was collected as a 1m spear sample.

The QC procedure adopted through the process includes:

Field duplicates were collected at a rate of 1: 50, these were collected during
RC drilling at the same time as the primary sample.

OREAS certified material (CRM) was inserted at a rate of 1:50, the grade ranges
of the CRM’s were selected based on grade populations.

2-3kgs of sample was submitted to the laboratory.

Samples oven dried then pulverized in LM5 mills to 85% passing 75micron.

All samples were analysed for Au using the Au-AA26 technique which is a 50g
lead collection fire assay. End of hole samples were also analysed for a 26
element multi-element analysis via 4-acid digest and ICP-MS determination
Quality of assay
data
and
Laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures
used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters
used in determining the analysis including instrument make and model, reading times,
calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of
bias) andprecision have been established.

Drill samples were submitted to ALS (Perth). All samples were analysed for Au by a
50g fire assay (AAS finish) which is a total digest assay technique. End of hole samples
were also analysed for a multi-element suite via 4-acid digest and ICP-MS.

Field duplicates were collected at a rate of 1:50 with CRM’s inserted at a rate of 1:50
also. The grade ranges of the CRM’s were selected based on grade populations.
Verification
of
sampling
and
assaying

The verification of significant intersections by either independent or alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

Drilling results are cross checked by company geologists.

Data is recorded digitally at the project within MicroMine Geobank software, assay
results are received digitally.

All data is stored within DataShed SQL Database.
Location of data
points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole
surveys), trenches, mine workings and other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Drill hole location is initially recorded with a handheld Garmin GPS (+/- 3m). Definitive
hole locations are determined at the end of the program by surveyor pick-up utilising
RTK-DGPS. All holes are located in MGA (1994) -Zone 51.

Hole dips are determined at the collar by clinometer, with no down-hole surveys
collected
Data
spacing
and distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

Holes were drilled on nominal 800m spaced section lines, with 2 x 200m spaced lines
over historic workings, on 40m spaced centres along the lines.

Holes drilled within this program are designed as a first-pass, broad exploration
program, and are not sufficient to establiush geological and grade continuity to
enable any Mineral Resource or Ore Reserve estimation.
Criteria JORC Code explanation Commentary
Orientation
of
data in relation
to
geological
structure

Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this should
be assessed and reported if material.

The drill holes were orientated as inclined holes (-60°), toward 090°, as this is
considered to be appropriate for the interpreted dip of the major mineralised
structure – parallel to the Montague-Boulder shear zone - creating minimal sampling
bias.
Sample security
The measures taken to ensure sample security.

Calico samples are sealed into green/poly weave bags and cable tied. These are then
sealed in bulka bags and transported to the laboratory in Perth by company staff or
contractors or established freight companies.
Audits
or
reviews

The results of any audits or reviews of sampling techniques and data.

Drilling results are cross checked by company geologists

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement
and
land
tenure
status

Type, reference name/number, location and ownership including agreements or
material issues with third parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, wilderness or national park and
environmental settings.

The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.

All tenements are held under Gateway Mining Ltd, E57/824 (100%), P57/1407
(100%), M57/429 (75% : 25% Estuary Resources Pty Ltd) and M57/485 (75% : 25%
Estuary Resources Pty Ltd)

No Native Title claims are lodged over the tenements.
Exploration done
by other parties

Acknowledgment and appraisal of exploration by other parties.

Gold was discovered in the district during the gold rush era, first records of gold won
from small-scale, high-grade workings include the Montague Mining Centre (1904-
13). Renewed interest in the late 1960's included base metal exploration carried out
within exposed stratigraphy of the Montague Ranges (Bungarra Ranges), exploration
interest that broadened with the release of the Sandstone 1:250,000 aeromagnetic
sheet in 1970 resulting in the staking of favourable magnetic anomalies by
exploration companies.

Early explorers in the Montague Ranges included Anaconda Australia Inc. (1966-67),
followed by International Nickel Australia (1971-75) evaluating a Gabbro - banded
differentiated basic complex believed prospective for copper and/or nickel such as
the Dulith Gabbro, USA. Strong geophysical and mineralised anomalism was
encountered, however, copper-zinc enrichment was also encountered in adjacent
felsic stratigraphy at Ed's Bore prospect, which was followed-up by CRA Exploration
(1983-1990) to intersect polymetallic VMS enrichments at Bevan prospect (not
substantively pursued).

At Montague, Western Mining Corporation (1976) conducted investigations for
copper and gold including soil sampling and IP surveying, which was followed by CRA
Exploration (1984-89) working concurrently with AMOCO Minerals Australia
Company (1984) and Clackline Refractories Ltd (from 1985 - to later become Herald
Resources) assessing/purchasing historic mine areas from Mr W.J. Griffiths of
Sandstone. RAB drilling penetrating transported cover resulted in the virgin
discoveries of NE Pit by AMOCO and Whistler deposit by CRA. Later noted explorers
included Dalrymple Resources NL (1987-1990) intersecting gold at the Armada
(Twister) prospect, and Arimco Mining (1990-98) intersecting gold at Lyle prospect,
Victory West prospect, and copper at The Cup prospect (not substantively pursued).

The Montague Mining Centre produced approximately 150,000oz of gold
commencing in 1986 at Caledonian and NE Pits (Clackline), and continued at
Montague Boulder from 1988 (Herald), and was to close in 1993 after completion of
the Rosie Castle open cut (Herald). Whistler open cut was mined from November
1990(Polaris Pacific NL)and ore toll treated through the Herald mill. Little attention
Criteria JORC Code explanation Commentary
was paid to mineralisation other than gold. Gateway Mining in joint venture with
Herald Resources continued exploration of the Montague Mining Centre, Gateway
also targeting poly-metallic intrusion related - VMS models in the district from 2006.

Airport, Airport Sth, S Bend, Rosie Nth, Rosie Sth mineralisation was discovered by
Gateway Mining between 2007 and 2011 in RAB drilling and later defined by RC
drilling.
Geology
Deposit type, geological setting and style of mineralisation.

Gateways’s Gidgee Project is located in the Gidgee district in the Archean Yilgarn
Craton of Western Australia approximately 630km NE of Perth and 70km north from
the township of Sandstone on the eastern central portion of the Gum Creek
Greenstone Belt, of the Southern Cross Province. Metamorphic grade of the Gum
Creek Greenstone Belt is estimated to be low-grade greenschist facies.

Project lithology includes basalt/ash tuff/dolerite/gabbro, the Montague
Granodiorite sub-volcanic intrusion (calc-alkaline - FI), dacite volcanic flow/s (FI),
volcaniclastic sequences of felsic composition and epiclastic conglomerates,
ultramafic intrusives and external orogenic granite plutons. Key regional
characteristics of a Volcanic Arc Extensional Basin include calc-alkaline bimodal
volcanic sequences associated with extensive iron formations. Later ENE-WSW
orogenic
compression
event
is
characterised
by
NNW
regional
scale
faults/unconformities, NNW shearing and folding, slaty cleavage has developed
within sediments near a tight syncline fold closure within the NE area of the project.
Drill
hole
Information

A summary of all information material to the understanding of the exploration results
including a tabulation of the following information for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill
hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.

If the exclusion of this information is justified on the basis that the information is not
Material and this exclusion does not detract from the understanding of the report, the
Competent Person should clearly explain why this is the case.

Exploration drill results from recent drilling, and associated details are contained in
Table 1 of this release.
Data
aggregation
methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high grades) and cut-off grades are usually
Material and should be stated.

Where aggregate intercepts incorporate short lengths of high grade results and

Significant intersections are calculated based on a lower cut-off of minimum 1m @
0.1g/t Au, with a maximum of 4m internal dilution. This is considered appropriate for
the intended use of the data for tracing Au within the oxide zone.

No high-grade cut-off has been applied
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
longer lengths of low grade results, the procedure used for such aggregation should
be stated and some typical examples of such aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be clearly
stated.
Relationship
between
mineralisation
widths
and
intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

If the geometry of the mineralisation with respect to the drill hole angle is known, its
nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a clear
_statement to this effect(eg ‘down hole length, true width not known’). _

The drill holes were orientated as inclined holes (-60°), toward 090°, as this is
considered to be appropriate for the interpreted dip of the major mineralised
structure – parallel to the Montague-Boulder shear zone - creating minimal sampling
bias.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts should be
included for any significant discovery being reported These should include, but not be
limited to aplan view of drill hole collar locations and appropriate sectional views.

Appropriate maps are included in the announcement
Balanced
reporting

Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.

The accompanying document is considered to be a balanced report with a suitable
cautionary note.
Other
substantive
exploration data

Other exploration data, if meaningful and material, should be reported including (but
not limited to): geological observations; geophysical survey results; geochemical
survey results; bulk samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.

The area has been covered by detailed ground gravity and airborne magnetic surveys.
The Montague Dome system was recently covered by a systematic fine-fraction soil
sampling program which highlighted a significant gold-in-soil anomaly corresponding
to the mineralisation intercepted by this drilling.
Further work
The nature and scale of planned further work (eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this information is not
commercially sensitive.

Additional air-core drilling will be undertaken to continue tracing the anomalous
mineralised structures further to the south and to infill the wide-spaced drill lines.