TSX.V - GMG
VANCOUVER, Jan. 10, 2012 /CNW/ - 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
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
SOURCE Gulfside Minerals Ltd.
For further information:
Robert L. Card