Source : THE AGE NEWS
Gateway Mining has thickened and stretched its emerging Haflinger gold discovery in Western Australia’s Yandal belt, delivering another wide, high-grade hit that adds real weight to the growing shear-hosted system.
The headline intercept from the latest aircore campaign is a massive 64m running at 1.2 grams per tonne gold from 56m, including 24m grading a serious 2.4g/t gold. Importantly, this hit sits some 100m north of the original discovery hole and confirms the system is not a one-off spike, but part of a coherent, widening mineralised corridor.
Just to the south, another drill hole returned 20m hosting 1.4g/t gold from 64m, including 4m at a stellar 6.0g/t, and a third hole cut 12m assaying 1.0g/t gold from 140m and ended in the shear zone, leaving the deeper portion of the structure largely untested.
These new intersections stack neatly onto the earlier spectacular discovery results, and collectively, drilling has now traced high-grade mineralisation over at least 500m of strike along the Celia Shear Zone. More importantly, the system remains wide open to the south – and the rocks are getting more interesting in that direction.
‘These latest results reinforce a very promising high-grade gold discovery within our Yandal gold project.’
Gateway Mining executive chairman Andrew Bray
Interestingly, recent holes have intersected a highly silica-altered mylonitic shear zone, with increasing deformation intensity moving southwards. In shear-hosted gold systems, that kind of structural squeeze is often where the better ounces accumulate.
Gateway Mining executive chairman Andrew Bray said: “These latest results from Haflinger continue to reinforce what is emerging as a very promising high-grade gold discovery within our Yandal gold project.”
Gateway believes its methodical exploration approach continues to unlock the potential of this underexplored region within the broader Yandal project.
The company now has two rigs systematically testing key target corridors, with multiple new areas of shearing, veining and strong alteration being intersected. The aircore rigs will move in the next couple of weeks to the top-priority target, Great Western, where a reverse circulation rig will join them to spin the rods in a maiden drilling campaign across this intriguing, at-surface target.
Gateway’s Yandal project lies 85 kilometres northeast of Wiluna and spans a vast 1,780 square kilometre patch on the eastern flank of the world-class Yandal Greenstone Belt.
Haflinger sits within the structurally complex Celia-Mustang corridor in the broader Yandal gold province. This belt is one of Australia’s most prolific gold-producing regions and home to Northern Star Resources’ nearby Jundee mine.
Jundee has been a cornerstone operation in the region since mining began 30 years ago, producing gold from both underground and open-pit operations. Its success has long underlined the prospectivity of the Yandal Greenstone Belt, particularly for Archaean, high-grade, narrow-vein lode-style deposits.
The next round of assays due next quarter from the southern extension of Haflinger will now determine just how much room this structure has to run.
With gold still trading near record highs and margins across the sector expanding, wide, shallow oxide intersections such as those emerging at Haflinger carry added leverage. In a rising gold price environment, bulk-tonnage shear-hosted systems with growth along strike can quickly shift from exploration success to a serious development option, particularly in established belts like Yandal, where infrastructure and processing pathways are already in place.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
