GMG:TSX.V
VANCOUVER, July 5, 2011 /PRNewswire/ - Gulfside Minerals
Ltd. ("Gulfside" or the "Company") (GMG: TSXV) is pleased to
report that work is commencing on its four property groups in the
Atlin Mining Division, BC, located about 120km SE of Atlin, BC and 150km NW of Dease Lake, BC. Company Geologist, Alex
Burton,P.Eng., and a prospecting team will be on site early this
week.
On the Northern Treasure property, Gulfside seeks to confirm the
anomalous 602ppb Au stream sediment sample from a regional
geochemical survey, as well as to confirm a 1.47g/t Au chip sample
taken on the property (BC Assessment Report 22384), and to examine
the extent of mineralization.
On the Bryer property, the Company plans to follow up on the
17g/t (BC assessment report 19326) and 10.0g/t Au samples (BC
assessment report 27589) taken by Barrick/Rimfire, and to explore
that mineralization sequence.
On the Golden Fleece property, Gulfside will be the first
company on the ground to analyze and follow up on a1.02g/t gold and
4.0g/t silver quartz vein, which was under a now-retreated glacier.
Our findings on the Northern Treasure and Bryer groups, as well as
the Golden Fleece, will help determine additional exploration
programs.
Gulfside's Atlin properties lie
approximately 120 km South East of Atlin,
BC and 150km East of Dease Lake,
BC. They surround the Thorn (Brixton Metals/Kiska Metals JV)
and the Trapper (Ocean Park Ventures/Constantine Metal Resources
JV) property groups. Between these two property groups, there is a
$6,000,000 work program planned for
this summer, including 13,000m of drilling.
Alex Burton, PEng, PGeo, 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."
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that
involve known and unknown risks and uncertainties, certain of which
are beyond the Company's control including: the impact of general
economic conditions in the areas in which the Company operates,
changes in laws and regulations and changes in how they are
interpreted and enforced, and the likelihood in obtaining required
approvals of regulatory authorities. All statements included in
this press release that address activities, events or developments
that the Company expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements are
based on assumptions made by the Company based on its experience
and other factors it believes are appropriate in the
circumstances.
SOURCE Gulfside Minerals Ltd.