News Articles for Gateway Mining

Strickland Metals has sold its Yandal gold project in the Goldfields to Subiaco-based junior Gateway Mining in a script-based deal worth $45 million.

Brightstar will mint its first gold bar of the year this week after processing ore from the Second Fortune and Lord Byron mines.

DiscovEx Resources has continued to build the prospectivity of its Sylvania project near the Western Australian town of Newman after its maiden soil-sampling program returned anomalies of up to 78ppb gold and 1315ppm lead, close to the mineralised Prairie Downs fault zone. The company says it is the first time the zone has been investigated for gold.

West Perth-based gold explorer DiscovEx Resources says assay results from its air-core drilling at the company's Spartan prospect at its Edjudina project in WA's Eastern Goldfields have confirmed bedrock gold mineralisation, generating three high-priority drill targets. The company believes it has also discovered significant gold within transported overburden and now plans to determine the connection between the bedrock and transported gold.

Shares in gold explorer DiscovEx Resources vaulted more than 28 per cent on intraday trading following an announcement it had executed two binding-option agreements with Rio Tinto that allow the mining behemoth to acquire 100 per cent of the iron ore rights for four tenements within the Sylvania project, 15km southwest of Newman in Western Australia.

Having just received the keys to its Sandstone project in Western Australia, gold developer Aurumin Limited is gearing up to begin systematically exploring with an initial round of auger drilling. The vehicle-mounted program, due to kick off next week, is designed to build on five near-mill targets handed over from the previous owner – plus test a further 36 targets generated by the company.