VANCOUVER, May 4 /CNW/ - 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
"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
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.
For further information:
relating to the Company or this release please visit the Gulfside Minerals website at www.gulfsideminerals.com, or contact Investor Relations at 604-563-5028 / email@example.com.