DGAP-News: Gulfside Minerals LTD.: Gulfside Minerals Ltd. Adds to Northern Treasure Claims
(firmenpresse) - DGAP-News: Gulfside Minerals LTD. / Key word(s): Letter of Intent
Gulfside Minerals LTD.: Gulfside Minerals Ltd. Adds to Northern
Treasure Claims
04.03.2011 / 15:58
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Vancouver, B.C. - Gulfside Minerals Ltd. ('Gulfside' or the 'Company')
(GMG: TSX-V) is pleased to report that the Company has acquired an
additional 75 claim units adjacent to its recently acquired Northern
Treasure property. The additional claims comprise 1267.5 Ha, bringing
Gulfside's total property size to 147 claim units and 2478.5 Ha (6,125
acres). The additional claims surround our original block and include a
known gold, silver, copper showing in a quartz-carbonate vein near the
south side of the ground called the Lis 3 showing. A sample of this vein
assayed 1.47 gm/t Au, 1.6 gm/t Ag and 0.004% Cu and values in Pb and Zn
(B.C. Assessment Report 22384). The Company acquired the claims for the
costs of staking.
The Northern Treasure gold property is located 120 km south of Atlin, BC.
The claims are on a geological trend northeasterly from the Thorn group
(Brixton Metals (BBB)) and the Inlaw/Trapper Lake group (Ocean Park
Ventures (OCP)) and 70 km from the former Golden Bear mine and mine access
road which was developed by Chevron Minerals of Canada.
On the Northern Treasure property, numerous gossans which may be intensely
oxidized, weathered or decomposed rock, have been observed over a large
area on the claims in images from air photos. Additionally, a BC Government
regional stream sediment sample returned 602 PPB Gold from Claim # 836803.
The Company has started an analysis of airborne and satellite images as
well as historic information from past exploration, to be followed up by
surface exploration this summer.
Alex Burton, P. Eng. P. Geo., a Qualified Person as defined by National
Instruments 43-101, has read and approved the technical information in this
news release.
On Behalf of the Board of Directors,
Gulfside Minerals Ltd.
'Robert L. Card'
Robert L. Card
President
Further Information
For further information relating to the Company or this news release,
please visit Gulfside's website at www.gulfsideminerals.com, or contact
Investor Relations at 604-563-5028 or
gulfsideminerals(at)advanturecapital.com.
'Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.'
Forward-Looking Statements: This document includes forward-looking
statements. Forward-looking statements include, but are not limited to,
statements concerning GMG's planned exploration program in Mongolia and
other statements that are not historical facts. When used in this document,
the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,'
'potential,' 'should,' and similar expressions are forward-looking
statements. Although GMG believes that its expectations reflected in these
forward looking statements are reasonable, such statements involve risks
and uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Important factors that
could cause actual results to differ from these forward-looking statements
are disclosed under the heading 'Risk Factors' and elsewhere in the
corporation's periodic filings with Canadian securities regulators.
http://www.gulfsideminerals.com/i/pdf/2011-03-03_NR.pdf
End of Corporate News
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114522 04.03.2011
Datum: 04.03.2011 - 15:58 Uhr
Sprache: Deutsch
News-ID 33386
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Kategorie:
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