TSX.V - GMG
VANCOUVER,
Jan. 10, 2012 /PRNewswire/ -
Robert L. Card, President of
Gulfside Minerals Ltd. ("Gulfside" or the "Company"), is pleased to
report an update for their Northern Treasure and Bryer properties
in the Atlin Mining Division in British
Columbia, Canada. On January 5,
2012, Brixton Metals Corporation (TSX-V: BBB) ("Brixton")
announced assay results from the balance of their 2011 drilling
program at its Thorn gold-silver-copper project located in
northwestern British Columbia. A
total of 21 holes for 5,682m were drilled during 2011, and all
analytical results have now been received. Brixton's Thorn property
is immediately adjacent to the eastern side of Gulfside's Bryer
property.
Highlights from Brixton's announcement include:
Oban Breccia Zone hole THN11-60 intersected from surface
95.08m of 904 g/t AgEq (1.71 g/t Au, 628.30 g/t Ag, 0.12% Cu,
3.31% Pb and 2.39% Zn). This included 25.56m of 1,679 g/t
AgEq (2.28 g/t Au, 1,300 g/t Ag, 0.22% Cu, 5.34% Pb and 2.51%
Zn) and 9.25m of 3,646 g/t AgEq (3.04 g/t Au, 2,984 g/t Ag,
0.53% Cu, 11.65% Pb and 3.42% Zn). The Oban Breccia Zone hole
THN11-57 intersected 37.72m of 252 g/t AgEq (2.08 g/t Au,
60.8 g/t Ag, 0.46% Cu, 0.25% Pb and 0.55% Zn) including 7.80m of
717 g/t AgEq (6.13 g/t Au, 197.0 g/t Ag, 1.38% Cu, 0.49% Pb and
0.38% Zn).
Mr. Gary R.
Thompson, Brixton's Chairman & CEO stated, "We are
extremely pleased to have discovered substantial near surface,
high-grade mineralization at the largely untested Oban Breccia
Zone, which is located in the heart of a 6 km mineralized
corridor. Hole 60 significantly increases the potential of
the property. This high-grade zone remains open at depth and on the
eastern strike extensions." Mr. Thompson further added, "We
believe that the Thorn project, subject to further drilling, has
the potential to host a high unit value polymetallic mineral
deposit."
Gulfside congratulates Brixton and their team on
these results.
Gulfside plans further exploration work on its
Bryer and Northern Treasure claim blocks during the coming
exploration season.
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.
Forward-Looking Statements: This document
includes forward-looking statements. Forward-looking statements
include, but are not limited to, statements concerning GMG's
planned exploration programs 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.