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Shares of Gateway Gold Bolt on Big Springs Drilling Results

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Thinkpad (AXcess News)Reno, NV - Gateway Gold Corp. (TSX: GTQ) reported that its Big Spring mine property in northeast Nevada was showing widespread mineralization ranging from 0.031 ounces-per-ton (1.07 g/t) to 0.201 ounces-per-ton (6.88 g/t) over core intervals ranging from 20 feet to 150 feet.

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Microsoft During 2005, thirty-eight holes were drilled by the Company to test the structure. Twenty-six of these holes intersected significant gold values which range from 0.031 ounces-per-ton (1.07 g/t) to 0.201 ounces-per-ton (6.88 g/t) over core intervals ranging from 20 feet to 150 feet.

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Laptop Computers "It's apparent that the Brien's structure is gold-bearing throughout its length," commented M.D. McInnis, President of Gateway. "It provides excellent potential to help build the gold resource on the Big Springs property."

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Laptop Computer Gateway acquired the Big Spring property in 2003, the same year it carried off its initial public offering on the Canadian venture exchange at 50 cents per share.

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Desktop Computer The company anticipates releasing its internal reserve status in the next quarter, a Gateway representative told AXcess News in a telephone interview.

Notebooks Gateway intends on continuing its exploration efforts on the Big Spring property throughout the year, potentially expending $4 million or more in 2006, though it will not be moving into a production mode, opting to seek out a development partner to turn the property into production. Gateway said that a lot of the gold bearing areas on the Big Spring property made open pit mining economical and the company believed that it would be attractive to develop. Queen Stake, which is 10 miles South of Gateway's Bid Spring property has milling capacity, which could increase the attraction of producers to develop the property there.

Lenovo Shares of Gateway bolted 20.37%, or 22 cents, to $1.30 at 3:10pm ESTby the timeAXcess News released its story.

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