Gateway Mining Limited reported significant assay results from recent Reverse Circulation (RC) drilling along strike and adjacent to the 99,000oz Indicated and Inferred Achilles deposit, part of the 526,000oz Montague Gold Project in the Murchison Region of Western Australia. The RC drilling at Achilles formed part of a larger overall program recently undertaken to test strike extensions to several of Gateway's existing deposits. A total of 27 holes for 2,754m of drilling were completed at Achilles, with holes designed to test the strike extensions of the current Resource to the north, as well as test the area to the east and south-east where historical RC, Rotary Air Blast (RAB) and recent air-core drilling has indicated the presence of widespread shallow mineralisation.

The current Mineral Resource at Achilles consists of shallow oxide zone mineralisation largely located along strike to the north of the historical Rosie open pit, mined by Herald Resources in 1993. The Achilles mineralisation is controlled by an east-dipping sheared contact between a mafic dolerite and the Montague Granodiorite unit. Thick zones of gold mineralisation, thought to be hosted by swarms of thin quartz veins within the granodiorite unit immediately east of this shear zone, were intersected in historical RC drilling, with previously reported results of: WRC012: 147m @ 0.4g/t Au from 21m.

AGRC001: 120m @ 0.4g/t Au from 80m. WRC011: 47m @ 0.7g/t Au from 76m. Drilling of holes to the east and south-east of the current Resource has continued to intersect this broad zone of granodiorite-hosted gold mineralisation over a strike length of 600m.

Significant widths of moderate-grade mineralisation were intersected, with localised zones of high-grades within. Significant intersections include: GRC945: 12m @ 5.6g/t Au from 56m. GRC941: 18m @ 2.0g/t Au from 31m within a broader 30m @ 1.3g/t Au from 31m.

GRC931 14m @ 1.6g/t Au from 68m within a broader 63m @ 0.6g/t Au from 21m. GRC929: 22m @ 1.0g/t Au from 115m within a broader 54m @ 0.5g/t from 112m. GRC933: 44m @ 0.4g/t Au from 18m.

GRC934: 48m @ 0.4g/t Au from 16m. GRC938: 60m @ 0.3g/t Au from 18m. These results, combined with the historically reported intersections above, highlight a significant mineralised system within the western margin of the Montague Granodiorite.

This zone corresponds to a clear magnetic depletion in aeromagnetic surveys, potentially indicating a major alteration zone that extends for over 4km. This presents as a clear, high priority exploration target, with the Company's geologists investigating suitable techniques for identifying the controls on higher-grade mineralisation within this major system. In addition, a single fence of three RC holes was drilled north of the current Achilles Mineral Resource, testing for continuation of near-surface oxide mineralisation along strike.

These holes were successful in intersecting the same style of mineralisation as that present in the Achilles Resource. Significant intersections include: GRC924: 9m @ 1.0g/t Au from 9m; and 3m @ 1.1g/t Au from 39m; and 7m @ 2.2g/t Au from 59m. GRC923: 6m @ 1.0g/t Au from 14m; and 7m @ 1.0g/t Au from 24m.

All results from this Achilles RC program have highlighted the immense potential of this highly mineralised corridor within the Montague Project. While direct extensions to the existing 99,000oz Indicated and Inferred Resource are evident, the potential to define larger-scale mineralisation along the 4km corridor within the Montague Granodiorite presents an target for future exploration.