Looks like the Company has been very active behind the scene over the past couple of months!unable to".
Judging by today's announcement (excerpt below), it appears that the first half of 2015 should be very revealing.
The Company's terminology that it is "extremely excited" indicates a very strong belief that the area now completely under its control is highly likely to host a number of commercial VMS deposits.
The magnetic investigations and drilling planned during the fist half of 2015 should give us a very good idea of just how good this region is for hosting economic VMS deposits.
Can't wait for the results !
"Gateway is extremely excited about securing the interests and the potential they hold for significant
new discoveries.
The addition of these two tenements expands Gateway’s footprint in Gidgee by
approximately 70%.
Importantly, the additional ground is considered highly prospective.
E57/1004 adjoins the Company’s Joint Venture tenement with Panoramic Resources Ltd, M57/633. This
area is host to a significant Volcanogenic Massive Sulphide (VMS) mineralised system, and securing the
tenement will result in Gateway controlling what it believes is the entirety of the system.
The system is considered highly prospective given the numerous occurrences of ore-grade
mineralisation. Efforts to date have been hampered by targets being very close to or straddling
tenement boundaries.
Securing the joint venture tenement M57/633 went some way to remedying the
issue, however there were still a number of targets the Company would have like to have tested but was
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