Gateway Mining Limited · ASX:GML
Gateway Mining — Shareholder Meeting (November 2010)
38 slides from Gateway Mining's shareholder meeting presentation, Nov 29, 2010
Slide 1: Annual General Meeting Technical Presentation
GATEWAY MINING LIMITED For personal use only Annual General Meeting 29th November 2010 Technical Presentation ASX CODE: GML
Slide 2: Project Locations
PROJECT LOCATIONS For personal use only AGM 29 November 2010 2
Slide 3: Exploration: The Way Forward
EXPLORATION For personal use only The Way Forward The Company has advanced copper-gold exploration projects Joint Ventures active on the Western Australian Projects AGM 29 November 2010 3
Slide 4: Exploration: Current Joint Ventures
EXPLORATION For personal use only Current Joint Ventures In the last 12 months joint ventures funded by the other party have been; Cowra: Minotaur JV Ongoing Gidgee: Avenue JV Commenced subsequent to end of year Gidgee: Legend JV Terminated AGM 29 November 2010 4
Slide 5: Gidgee Project, WA Overview
GIDGEE PROJECT, WA For personal use only Overview Includes approximately 100km2 of tenements over the Gum Creek Greenstone belt Considered prospective for gold and copper Significant exploration success for both commodities Targets defined from data review have now been drilled, however resu
Slide 6: Gidgee Project Tenement and JV Areas
GIDGEE PROJECT, WA For personal use only Gidgee project Tenement and JV areas Prospect locations EM targets Geology background Avenue JV’s – red & blue Estuary JV – pink Legend JV - green AGM 29 November 2010 6
Slide 7: Gidgee Project Work Completed
GIDGEE PROJECT, WA For personal use only Work completed Comprehensive data review Sub-audio magnetics (SAM) and EM geophysical surveys Ground follow up of geophysical anomalies Rationalisation of tenement holdings – the company has dropped the Gidgee North and Barrelmaker tenements Two JV’
Slide 8: Avenue JV Agreements (Avenue/Gateway)
GIDGEE PROJECT, WA For personal use only Avenue JV Agreements Avenue/Gateway Over a number of tenements currently held 100% by Gateway Minimum spend of $125,000 in first year Avenue to earn 51% by spending $600,000 (including the first year expenditure) over three years Avenue to earn a fu
Slide 9: Avenue JV Agreements (Avenue/Gateway/Goldfan)
GIDGEE PROJECT, WA For personal use only Avenue JV Agreements Avenue/Gateway/Goldfan Over four ML’s and one GL held 85% by Gateway, 15% free carried by Goldfan (a subsidiary, through Herald, of PT Bumi Resources Minimum spend of $200,000 in first year Avenue to earn 51% by spending $850,000
Slide 10: Gidgee Project Going Forward
GIDGEE PROJECT, WA For personal use only Going Forward Analysis and interpretation of results from recently completed drilling Continuing target generation on other areas This will be used to plan ongoing work programmes AGM 29 November 2010 10
Slide 11: Airport Area Overview
GIDGEE - AIRPORT AREA For personal use only Overview Located over a group of oxide gold deposits mined in the 1980’s by Herald Resources and others, with Herald (through Goldfan) still retaining a 15% free carried interest in a number of the tenements Approximately 100,000oz of gold was produced
Slide 12: Map of Airport Area
GIDGEE - AIRPORT AREA For personal use only Map of Airport Area Historic workings Main prospects SAM image SAM highlights main structural trends AGM 29 November 2010 12
Slide 13: Airport Area Work Completed
GIDGEE - AIRPORT AREA For personal use only Work Completed 2nd SAM geophysical survey Data interpretation and drill targeting RC drilling over a number of prospects: Rosie Northeast – 3 x 200m holes testing coincident geophsical and geochemical anomalies Whistler – 2 x 200m RC holes testin
Slide 14: Airport Area Results
GIDGEE - AIRPORT AREA For personal use only Results As reported previously, results from previous drilling are very encouraging, including 22m @ 14.95g/t gold from an existing resource under the Whistler pit, and significant intersections in an interpreted hanging wall shoot The drilling resulte
Slide 15: Airport - Rosie Area Prospects Overview
AIRPORT - ROSIE AREA PROSPECTS For personal use only Overview Located in Gateway/Goldfan/Avenue JV tenements, and part of the Airport group of tenements Three 200m RC holes drilled November 2010, results awaited Significant results from previous drilling WRC012 23m @ 0.67g/t Au from 37m 102
Slide 16: Map of Rosie Area Prospects
AIRPORT - ROSIE AREA For personal use only Map of Rosie area prospects Shows hole collars coloured by Au grade Shows target area at Rosie NE, east of hole WRC012 WRC012 intersected 102m @ 0.42 g/t gold AGM 29 November 2010 16
Slide 17: Airport - Rosie Area
AIRPORT - ROSIE AREA For personal use only AGM 29 November 2010 17
Slide 18: Start of First RC Drill Hole, Rosie Northeast
AIRPORT - ROSIE AREA For personal use only Start of first RC drill hole, Rosie Northeast prospect, October 30, 2010 AGM 29 November 2010 18
Slide 19: Airport - Whistler Cross Section
AIRPORT - WHISTLER For personal use only Cross section through Whistler deposit, looking north Shows 24,800oz resource Interpreted shoots in hanging wall (RHS This includes 6m @ 4.20g/t Au in hole WRC018 Two x 200m RC holes drilled under north end of and to the north of the pit targeting extensi
Slide 20: The Cup Overview
GIDGEE - THE CUP For personal use only Overview A copper discovery by Gateway, initially intersected in aircore drilling Follow up RC drilling has intersected significant copper, including 17m @ 1.53% Cu in hole GRC183, and 26m @ 1.45% Cu in hole GRC200 Intersected over a strike length of 350m
Slide 21: The Cup Geology
GIDGEE - THE CUP For personal use only Geology May include a number of shallowly westward dipping zones These appear to be at the contact between underlying volcanics to the east, and overlying carbonaceous and non-carbonaceous sediments to the west Mineralisation dominated by chalcocite, a se
Slide 22: The Cup Drillhole Plan and Section
GIDGEE - THE CUP For personal use only The Cup drillhole plan & section 8000N looking north AGM 29 November 2010 22
Slide 23: Julia's Fault Overview
GIDGEE - JULIA’S FAULT For personal use only Overview A virgin gold discovery by Gateway, originally intersected in RC follow up of RAB anomalies Follow up RC drilling during 2007/2008 confirmed the results of earlier RC drilling 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 9000N, looking north Shows drilling, interpreted +1g/t Au zone (orange) and +0.1g/t halo (yellow) Interpretation is currently under review AGM 29 November 2010 24
Slide 25: Julia's Fault / The Cup
GIDGEE - JF/THE CUP For personal use only Julia’s Fault/The Cup Julia’s Fault Plan shows drillholes and interpretation on magnetics image NNW and NE structure Section shows conceptual mineralisation model Interpreted intensely deformed zone – target area Gossan horizon The Cup AGM 29 November 2010
Slide 26: Bungarra JV / Victory Well Overview
BUNGARRA JV/VICTORY WELL For personal use only Overview Bungarra West JV with Legend Mining over E57/709 now terminated – tenement to revert 100% to Gateway Gateway has also purchased E57/706 from Legend as part of this agreement 100% GML tenements immediately to the south of the JV tenement
Slide 27: Other Prospects Overview
GIDGEE - OTHER PROSPECTS For personal use only Overview Victory Creek – gold mineralisation requiring further drilling Western Tenements/Gossan Galore (GML/AVY) contain a number of EM anomalies Aircore drilling in November 2010 completed, with results awaited Historic RAB drilling shows geoc
Slide 28: Cowra Project, NSW Overview
COWRA PROJECT, NSW For personal use only Overview Exploring for copper-gold in the Molong Volcanic Belt, host to the 30 million oz Newcrest Cadia/Ridgeway operations. The Cowra Tenements are the least explored area in the Belt. These contain large complex intrusives with associated skarn develop
Slide 29: Cowra Project Joint Venture
COWRA PROJECT, NSW For personal use only Joint Venture JV with Minotaur (51%, earning 75%) and Mitsubishi Corp/Mitsubishi Materials Corp (earning 24% from Minotaur) over EL’s 5514 and 6102 25% free carried interest in surrounding tenements that were taken up by Minotaur at the beginning of the p
Slide 30: Cowra Drill Targets
COWRA PROJECT, NSW For personal use only Cowra drill targets Targets prefixed “C” are on the JV area Regional magnetics (left) and topography (right) backgrounds Most drilled in 2009 Map source Minotaur presentation AGM 29 November 2010 30
Slide 31: Cowra Project Work Completed
COWRA PROJECT, NSW For personal use only Work Completed Work carried out in 2009 included a 350km2 heliborne VTEM survey, followed up by ground EM and magnetics surveys over nine targets Drilling was carried out over eight targets subsequent to the end of the year This drilling intersected sig
Slide 32: Cowra Project Ongoing Work
COWRA PROJECT, NSW For personal use only Ongoing Work Detailed study of geophysical responses This was based on a number of recent studies on geophysical responses of porphyritic sub-intrusions around large granite batholiths This identified nine targets Follow up work will include field map
Slide 33: Cowra Chalcopyrite-Pyrrhotite Mineralisation
COWRA PROJECT, NSW For personal use only Chalcopyrite – pyrrhotite mineralisation in 2008 drillhole, KIORC003, 202.6 to 202.7m AGM 29 November 2010 33
Slide 34: Cowra Project, NSW
COWRA PROJECT, NSW For personal use only AGM 29 November 2010 34
Slide 35: Surprise Project, QLD Overview
SURPRISE PROJECT, QLD For personal use only Overview The Eastern Succession contains a number of significant Cu & Cu- Au deposits, including Ernest Henry The Surprise Project reverted to 100% Gateway ownership following the withdrawal of Minotaur from a JV in 2008 Minotaur initially carried ou
Slide 36: Surprise Project Current Activities
SURPRISE PROJECT, QLD For personal use only Current activities Gateway has since been offered, and accepted a third licence, EPM17870 “Centipede”, adjacent to the current EPM’s 9053 & 13677. This is currently in the Native Title negotiation process Gateway is currently reviewing all exploration
Slide 37: Disclaimer
GATEWAY MINING For personal use only Disclaimer This presentation has been prepared by Gateway Mining Limited (Gateway). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties
Slide 38: Contact
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 ASX CODE: GML