The Company's announcement today that MD, Andrew Bray has bought 1,ooo,ooo more shares at 5c following last week's very encouraging announcement, is indicative of the confidence which the Company appears to have for their imminent drilling campaign.
To reiterate, below, are some of the more significant statements I have extracted from last weeks announcement.
“Six new strong conductors identified, all of which are indicative of massive suphide
accumulations (conductivity range 2,100S to 4,900S)
All conductors are coincident with Volcanogenic Massive Sulphide (VMS) geochemical signatures
All conductors range between 2,100S to 4,900S, which is the targeted range of conductivity given the Company’s knowledge of geophysics within this stratigraphy. None of these targets have been drilled before by Gateway or any previous holder of the tenement.
This level of conductivity is typical of massive sulphide accumulations. Importantly, the conductors are coincident with strong geochemical anomalism, making them excellent drill targets.
This potentially means that the Company has finally located the strongest part of the mineralised system.
Overall these conductors represent outstanding drill targets. They are all contained within the interpreted VMS system and have strong electromagnetic signatures typical of massive sulphide accumulations. Furthermore they all have very strong coincident geochemistry”
Fingers crossed
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