Gateway Mining is edging closer to reviving a long-forgotten mining hub in the northern Goldfields after this week announcing a maiden resource estimate at its Gidgee gold project near Wiluna.

The junior explorer on Thursday revealed an inferred resource of 3.4 million tonnes at 2.2g per tonne for 240,000 ounces of gold.

It marks a promising moment for the company and there is potential for the resource to grow, with both deposits open in all directions.

Gateway has wasted no time in its bid to add more ounces to the project by announcing an immediate start to a 16,000m air drilling program.

As well as targeting the flagship Whistler and Montague deposits, drilling will also be done at a newly defined exploration target at Achilles, where the company has flagged the potential for anywhere between 88,000oz and 370,000oz.

Gateway boss Peter Langworthy, pictured, said posting a maiden resource for the cornerstone deposits was consistent with the explorer’s strategy to develop a new large-scale gold project at Gidgee.

“We are pleased to publish our first JORC mineral resource statement for the Gidgee project, which sets a strong initial foundation for us to unlock the broader potential of this exciting and highly prospective emerging gold project,” he said.

“We have already embarked on a major new drilling campaign following our recent highly successful raising designed to expand and upgrade both resources, which remain open in all directions.

“This is an exciting time for Gateway as we begin to crystallise the value of the Gidgee project and fast-track our broader exploration efforts.”

Gidgee is immediately to the south of Horizon Gold’s 1.25 million-ounce Gum Creek gold project, the former Gidgee gold mine which was once one of the biggest privately owned gold producers in Australia.

 

Image: Gateway Mining Managing Director, Peter Langworthy, Kalgoorlie Miner.