Broad, near-surface gold mineralisation extends the Golden Gate system beyond 1.5km strike-length
HIGHLIGHTS
- New gold discovery at Golden Gate South confirms a second mineralised shear zone, expanding the Golden Gate system beyond the established Golden Gate North deposit.
- Discovery hole HH-GG25-009C, intersected a downhole interval of 172.2m @ 0.463 g/t Au, including 27.6m @ 0.89 g/t Au with a high of 3.3 g/t over 1.5m, and ended in mineralisation.
- Diamond hole HH-GG25-010C intersected a top to bottom downhole interval of 225.5m @ 0.14 g/t Au, from surface to end of hole, confirming broad, near-surface mineralisation.
- All reported holes ended in mineralisation, highlighting potential for extensions at depth.
- Near-surface tungsten mineralisation intersected in multiple shallow veins, reinforcing multi-commodity upside.
- The first significant near surface discovery at Golden Gate North included drill hole intervals of 189.2m @ 1.3 g/t gold (Hole HH-GG25-001C) and 253m @ 1.5 g/t gold (Hole HH-GG25-003C), also with mineralisation open at depth.
- Golden Gate North and Golden Gate South mineralisation now extends over 1.5km strike length.
- The 100%-owned Horse Heaven Gold-Antimony-Tungsten-Silver Project is located in Idaho, USA, a tier-one mining jurisdiction, immediately adjacent to Perpetua Resources Corp’s Stibnite Gold Project.
The discovery at Golden Gate South materially expands the Golden Gate gold system and confirms the presence of multiple mineralised shear zones over a substantial strike length. With mineralisation open in all directions and drilling returning broad, near-surface intercepts, Golden Gate is rapidly emerging as a highly significant gold discovery. The interval lengths and grades on holes assayed to date, and the fact that mineralisation continues over such a long strike length, make us very excited to continue drilling here and target establishment of a maiden JORC compliant mineral resource.
