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Gateway Mining's shares continue to firm, massive sulphides creating interest

Last updated: 11:20 14 Nov 2013 AEDT, First published: 10:20 14 Nov 2013 AEDT

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Gateway Mining's (ASX: GML) shares climbed another 14.3% yesterday to finish the trading day at $0.12, with over 1.2 million shares changing hands.

The value of Gateway has continued to firm recently, and is up from around $0.08 a month ago and a recent low of $0.05 in July this year.

At the end of last month Gateway finished a reverse circulation drilling program at its Gidgee project in the Yilgarn Craton of Western Australia, with intersections of massive sulphides returned from a number of holes.

Interestingly, the presence of chalcopyrite throughout large sulphide intersections confirms the company’s opinion that there are very significant copper systems throughout the tenement package.

Assays are currently pending.

Gateway's tenements have all the hallmarks of a significant new VMS province, along with existing gold mineralisation throughout the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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