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Gateway Mining: Extends drilling at Gidgee Gold | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Gateway Mining: Extends drilling at Gidgee Gold

Gateway Mining: Extends drilling at Gidgee Gold

  • Gateway Mining (GML) has significantly extended a recently commenced drilling program at its Gidgee Gold Project in Western Australia
  • Over the next six months, Gateway will see at least 15,000 metres of reverse circulation and 10,000 metres of aircore drilling
  • The company entered back-to-back trading halts on July 10 which preceded an official capital raise announcement on July 15
  • This will test existing and new targets around the Montague Dome
  • To support the drilling programs, Gateway recently secured $7 million from a capital raise
  • Company shares have dipped 5.44 per cent in the red to trade for 1.8 cents each

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