Gateway Mining Limited to report a series of significant shallow high-grade intercepts from Reverse Circulation (RC) drilling completed late last year at the Julias target area, within its 1,000km2 Gidgee Gold Project in the Murchison Region of Western Australia. The results have confirmed the presence of a consistent oxide gold zone over a 500m strike length at Julias which remains completely open to the north and south, significantly elevating this area as a priority focus for follow-up drilling scheduled to commence early next month. Julias and the neighbouring Flametree target to the south is emerging as a significant shallow, oxide gold zone located immediately to the west of the Montague-Boulder and Evermore Mineral Resources.

Significant shallow mineralisation at Julias has now been intersected in both RC and air-core drilling over a strike length of 1.2km and remains open to the north-east. Drilling at Julias is a key plank in Gateway's strategy of discovering new gold deposits within 5km of its existing 449,000oz Mineral Resources at Gidgee. KEY POINTS: An 11-hole (891m) drilling program was designed to follow-up on recent air-core drilling at Julias, with holes drilled on selected 50m and 25m spaced sections to in-fill and confirm the extents of mineralization previously intersected.

Thick zones of consistently high-grade mineralisation were returned from shallow depths. Significant results include: GRC762: 11m @ 2.6g/t Au from 24m; GRC763: 10m @ 3.0g/t Au from 38m, and 12m @ 2.4g/t Au from 60m; GRC761: 9m @ 3.5g/t Au from 67m; GRC758: 9m @ 3.4g/t Au from 55m. This program focused on the core 500m strike of the Julias target identified through historic Gateway drilling.

Importantly, the intersection in hole GRC758 (9m @ 3.4g/t Au from 55m) has demonstrated that mineralisation is open to the north. Historic exploration to the north was impeded by the presence of a tenement boundary that no longer exists, with the entire strike extent now owned by Gateway. This strike extension corridor forms an exciting extensional target for upcoming air-core drilling.

The mineralisation intersected consists of largely supergene related gold, formed within the oxide weathered zone. Mineralisation is located on a sheared contact between sedimentary siltstones and overlying volcanic-derived sediments. Mineralisation is concurrent with the development of an extensive gossanous zone, related to weathered pyrite within the primary shear structure.

Air-core drilling by Gateway during the second half of 2021 identified the continuation of mineralisation to the south for over 800m towards the neighbouring Flametree target, with significant results including: GWAC0965: 24m @ 1.4g/t Au from 16m; GWAC0961: 8m @ 1.3g/t Au from 32m; GWAC0957: 4m @ 1.4g/t Au from 16m. Air-core drilling by Gateway at Flametree in 2020 returned significant zones of shallow high-grade mineralisation, with significant results including: GWAC0267: 5m @ 10.4g/t Au from 52m; GWAC0256: 4m @ 3.8g/t Au from 20m; GWAC0257: 9m @ 1.1g/t Au from 17m; GWAC0247: 5m @ 3.8g/t Au from 23m; GWAC0246: 3m @ 3.5g/t Au from 44m. This corridor now forms a high-priority target for systematic drilling in early 2022.

An extensive air-core drill program will commence early February 2022 to continue to explore the strike extents of mineralisation to the north and south, with a systematic RC program to follow in order to complete a regularised drill pattern over the core Julias target area.