GMG:TSX.V
VANCOUVER, May 4 /PRNewswire-FirstCall/ - Gulfside Minerals
Ltd. ("Gulfside" or the "Company") (GMG: TSXV) is pleased to report
that the Company has acquired a 100% interest in two gold and
silver prospects located in the Atlin Mining Division in
northwestern British Columbia (the
"Claims"). (See Company's news release of March 17, 2011).
The properties, known as the Argonaut and Golden Fleece Groups,
are located approximately 150 km northwest of Dease Lake, BC and 120 km south of
Atlin, BC. The Argonaut property
is composed of five claims totaling 1924.7 Ha, and lies
approximately 11km east of the Bryer Group. The Golden Fleece
property is composed of two claims totaling 829.9 Ha, and lies
approximately 9km south west of the Argonaut Group. The Company
acquired the claims for the payment of $5,000 and a one percent NSR royalty to the
vendor.
The claims surround the Thorn group (Brixton Metals (BBB) and
the Inlaw/Trapper Lake group (Ocean Park Ventures (OCP) and are on
trend approximately 70 km from the former Golden Bear mine and mine access road which was
developed by Chevron Minerals of Canada.
On the Golden Fleece property, a previously discovered gold
showing with assays, shows up as an alteration zone in Google
earth. Recent receding of the glaciers has displayed another
alteration zone, in the form of a gold-bearing quartz vein. Both
zones will be explored this summer. In 2005, Barrick Gold explored the property and took a
rock sample measuring 1.02 g/t Au 4.0 g/t Ag.
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.