TSXV: GMG
VANCOUVER, March 3 /PRNewswire-FirstCall/ - Gulfside
Minerals Ltd. ("Gulfside" or the "Company") (TSXV: GMG) 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
"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.
SOURCE Gulfside Minerals Ltd.