DGAP-News: Gulfside Minerals LTD.: NORTHERN TREASURE - FIRST PHASE WORK COMPLETE
(firmenpresse) - DGAP-News: Gulfside Minerals LTD. / Key word(s): Research Update
Gulfside Minerals LTD.: NORTHERN TREASURE - FIRST PHASE WORK COMPLETE
10.08.2011 / 08:45
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Vancouver, B.C. - Robert L. Card, President of Gulfside Minerals Ltd.
('Gulfside' or the 'Company'), is pleased to report that the First Phase of
exploration work has been completed on the Company's Northern Treasure
mineral property located about 125km SE of Atlin, BC.
The First Phase work consisted of follow up to the 602ppb gold silt sample
reported on the property by the BC Geological Survey in 2009.
The streams have been sampled for gold in the silts along with mapping of
the strata. The exploration crew also followed up on gossans on the
property to sample the rusty pyrite rich rocks and map the strata.
A large hydrothermal system has been discovered which will entail a great
deal more exploration. All samples have now been logged, correlated and
sent to the assay lab for analysis. Results are expected within three
weeks.
The Northern Treasure property was acquired this spring. It is located
about 150 km northwest of Dease Lake and 120km SE of Atlin, BC. The
property is about 50km from the former Golden Bear mine and on strike with
the Trapper Lake (Ocean Park (OCP)) and Thorn (Brixton(BBB)) properties
currently being drilled and explored this summer season.
The Company expects the exploration crew to be starting exploration on the
Golden Fleece property this week, continuing to the Argonaut and Bryer
properties during the month.
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
Investor Contact Robert L. Card
Gulfside Minerals Ltd.
604-687-7828
Gulfsideminerals(at)shaw.ca
www.gulfsideminerals.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.
End of Corporate News
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135045 10.08.2011
Datum: 10.08.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 44334
Anzahl Zeichen: 0
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Kategorie:
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