Gateway Mining (ASX:GML) said 134 gold nuggets weighing a total of 366 grams were collected along a 1.2km portion of the untested Great Western splay corridor of its Yandal Gold Project in Western Australia, according to a Wednesday Australian bourse filing.
The company said there is a coincident soil gold anomaly along the structure where the nuggets were collected, which confirms that the untested Great Western splay corridor has the potential to host "significant" gold mineralization.
The company added that it remains well capitalized to undertake planned 2025 and 2026 exploration, with cash and liquid Australia-listed securities of about AU$12.1 million by the end of the June quarter.