Gateway Mining Limited · ASX:GML
Gateway Mining — Shareholder Meeting (November 2009)
30 slides from Gateway Mining's shareholder meeting presentation, Nov 27, 2009
Slide 1: Annual General Meeting Technical Presentation
GATEWAY MINING LIMITED For personal use only Annual General Meeting 27th November 2009 Technical Presentation ASX CODE: GML
Slide 2: Project Locations
For personal use only PROJECT LOCATIONS
Slide 3: Exploration: The Way Forward
EXPLORATION For personal use only The Way Forward ¾ The Company has advanced copper copper-gold gold exploration projects ¾ In addition to actively progressing projects in its own right, the company is also open to suitable Joint Venture offers byy cashed up pp parties
Slide 4: Exploration: Current Joint Ventures
EXPLORATION For personal use only Current Joint Ventures ¾ In the Last 12 months joint ventures funded by the other party have been; Cowra: Minotaur JV Ongoing Gidgee: Legend JV Ongoing
Slide 5: Cowra Project, NSW: Overview
COWRA PROJECT, PROJECT NSW For personal use only Overview ¾ Exploring for copper-gold in the Molong Volcanic Belt Belt, host to the 30 million oz Newcrest Cadia/Ridgeway operations. ¾ Thee Co Cowraa Tenements e e e ts a aree tthe e least east explored area in the Belt. These contain large complex in
Slide 6: Cowra Project, NSW: Joint Venture
COWRA PROJECT, PROJECT NSW For personal use only Joint Venture ¾ JV with Minotaur (51% (51%, earning 75%) and Mitsubishi Corp/Mitsubishi Materials Corp (earning 24% from Minotaur)) over EL’s 5514 and 6102 ¾ 25% free carried interest in surrounding tenements that were taken up by Minotaur at the begi
Slide 7: Cowra Project: Cowra drill targets
COWRA PROJECT, PROJECT NSW For personal use only Cowra drill targets ¾ Targets prefixed “C” are on the JV area ¾ Regional R i l magnetics i (left) and topography (right) backgrounds Map source Minotaur presentation
Slide 8: Cowra Project, NSW: Work Completed
COWRA PROJECT, PROJECT NSW For personal use only Work Completed ¾ Through meeting expenditure requirements Minotaur earned 51% of the project during the year ¾ Following the previous years positive drilling results the JV partners expanded their commitment to the project ¾ Work carried out in 2009 i
Slide 9: Cowra Project: Chalcopyrite-pyrrhotite mineralisation
COWRA PROJECT, PROJECT NSW For personal use only Chalcopyrite – pyrrhotite mineralisation in 2008 drillhole, KIORC003, 202 6 to 202 202.6 202.7m 7m
Slide 10: Cowra Project: Kiola Drilling
COWRA PROJECT, PROJECT NSW For personal use only Ki l D Kiola Drilling, illi 2009
Slide 11: Gidgee Project, WA: Overview
GIDGEE PROJECT, PROJECT WA For personal use only Overview ¾ Includes approximately 300km2 of tenements over the Gum Creek Greenstone belt ¾ Considered prospective for gold gold, copper and nickel ¾ Significant exploration success for gold and copper ¾ data review has highlighted a number of areas th
Slide 12: Gidgee project
GIDGEE PROJECT, PROJECT WA For personal use only Gid Gidgee project j ¾ Tenement areas ¾ Prospect locations ¾ EM targets ¾ Geology background
Slide 13: Gidgee Project, WA: Work completed
GIDGEE PROJECT, PROJECT WA For personal use only Work completed ¾ Comprehensive p data review ¾ 3176m of RAB drilling in 111 holes ¾ 3368m 3368 off aircore i drilling d illi iin 47 h holes l ¾ Sub-audio magnetics (SAM) and EM geophysical surveys ¾ Ground follow up of geophysical anomalies ¾ Rational
Slide 14: Gidgee Project, WA: Going Forward
GIDGEE PROJECT, PROJECT WA For personal use only Going Forward ¾ Prioritisation and testing of drill targets defined to date ¾ These targets include (not in order of priority) Rosie area Whistler/Whistler Whi tl /Whi tl north th The Cup Julia’s Fault Victory Well Victory Creek Other po
Slide 15: Airport Area: Overview
GIDGEE - AIRPORT AREA For personal use only Overview ¾ This is an advanced project that is located over a group of oxide gold deposits mined in the 1980’s by Herald Resources and others, with Herald still retaining a 15% free carried interest in a number of the tenements ¾ Followingg the withdrawal
Slide 16: Airport Area
GIDGEE - AIRPORT AREA For personal use only Ai Airport A Area ¾ Historic workings ¾ Main prospect areas ¾ Work carried out during 2009 ¾ Maximum M i A Au iin drillholes ¾ Note paucity of drilling in granite (pink area)
Slide 17: Airport Area: Results
GIDGEE - AIRPORT AREA For personal use only Results ¾ As reported last year, results from WCP’s drilling were very encouraging, including 22m @ 14 14.95g/t 95g/t gold from an existing resource under the Whistler pit, and significant intersections in an interpreted hanging wall shoot ¾ Th The drillin
Slide 18: Rosie Area: Overview
GIDGEE - ROSIE AREA For personal use only Overview ¾Located in Gateway/Herald y JV tenement ¾Significant results from previous drilling WRC012 23m @ 0.67g/t Au from 37m 102m @ 0.42g/t Au from 66m(EOH) WRC010 37m @ 0.31g/t Au from 25m 14 @ 0 14m 0.23g/t 23 /t A Au ffrom 66 66m ¾WRC012 ope
Slide 19: Rosie Area
GIDGEE - ROSIE AREA For personal use only Gravity ridge coincident S-Bend with demagnetised zone WRC012 Rosie North WRC010 R i C Rosie Castle l Pi Pit
Slide 20: The Cup: Overview
GIDGEE - THE CUP For personal use only Overview ¾ A new copper discovery by Gateway, initially intersected in aircore drilling ¾ Follow up RC drilling has intersected significant copper, including 30m @ 1.0% Cu in hole GRC183, and 27m @ 1.42% Cu in hole GRC200 ¾ Intersected over a strike length of 3
Slide 21: The Cup: Geology
GIDGEE - THE CUP For personal use only Geology ¾ May include a number of shallowly westward dipping zones ¾ These appear to be at the contact between underlying volcanics to the east, and overlying carbonaceous and non-carbonaceous sediments to the west ¾ Mi Mineralisation li ti d dominated i t db b
Slide 22: The Cup drillhole plan & section 8000N
GIDGEE - THE CUP For personal use only The Cup drillhole plan & section 8000N looking north
Slide 23: Julia's Fault: Overview
GIDGEE - JULIA’S FAULT For personal use only Overview ¾ A virgin gold discovery by Gateway, originally intersected in RC follow up of RAB anomalies ¾ Follow up RC drilling during 2007/2008 confirmed the results of earlier RC drilling ¾ Aircore drilling during 2009 returned significant intersections,
Slide 24: Julia's Fault section 9000N
GIDGEE - JULIA’S FAULT For personal use only Julia s Fault section Julia’s 9000N, looking north ¾ Shows drilling, interpreted +1g/t Au zone (orange) and +0.1g/t halo (y (yellow))
Slide 25: Julia's Fault/The Cup
GIDGEE - JF/THE CUP For personal use only Julia’s Fault/The Cup Julia’s Fault ¾ Plan shows drillholes and interpretation on magnetics image NNW and NE structure ¾ Section shows conceptual mineralisation model Interpreted intensely deformed zone – target area Gossan horizon The Cup
Slide 26: Bungarra JV/Victory Well: Overview
BUNGARRA JV/VICTORY WELL For personal use only Overview ¾ Bungarra West JV with Legend Mining over E57/709 – GML retains a 30% free carried interest ¾ 100% GML tenements immediately to the south of the JV tenement ¾ EM surveying over the area has delineated a number of anomalies ¾ Rock chip sampling
Slide 27: Other Prospects: Overview
GIDGEE - OTHER PROSPECTS For personal use only Overview ¾ Victory Creek – gold mineralisation requiring further drilling ¾ Results of work to date suggests that the Montague Granodiorite to the east of the airport area is underexplored – historically the granites have not been considered prospective
Slide 28: Surprise Project, QLD: Overview
SURPRISE PROJECT, PROJECT QLD For personal use only Overview ¾ The Eastern Succession contains a number of significant Cu & Cu- A deposits, Au d i iincluding l di E Ernest H Henry ¾ The Surprise Project reverted to 100% Gateway ownership following the withdrawal of Minotaur from a JV in 2008 ¾ Minot
Slide 29: Surprise Project, QLD: Current activities
SURPRISE PROJECT, PROJECT QLD For personal use only Current activities ¾ Gateway has since been offered offered, and accepted a third licence, EPM17870 “Centipede”, adjacent to the current EPM’s 9053 & 13677. ¾ Gateway is currently reviewing all exploration data, with a view to p planning g further
Slide 30: Gateway Mining
GATEWAY MINING For personal use only For further information visit our website at www.gatewaymining.com.au or contact: Bob Creelman, Director, or Mark Gordon on Tel: 02 9283 5711 The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on informa