Gulfside Minerals Ltd. - Analytical results of coal quality from 2009
drilling campaign
In 2009, seven core holes and four rotary holes were drilled on the Onjuul project. Preliminary seam correlations have been performed on the drilling results based on geophysical and lithologic logs. Preliminary analytical coal quality results suggest that the coals are of somewhat improved quality in terms of ash and calorific value than previously reported historic estimates.
A total of 128 coal quality samples were analyzed by the Stewart Group Labs, a certified testing facility in Ulaanbaatar,
The weighted averages of each drill hole and seam intercept are presented on an air-dried basis and shown below.
2009 Onjuul Coal Quality on Air-Dried Basis ------------------------------------------------------------------------- Seam ID 1 2U 2L 2.5 3 Average Minimum Maximum ------------------------------------------------------------------------- Moisture % 9.0 8.6 8.6 8.0 8.2 8.5 8.0 9.0 ------------------------------------------------------------------------- Ash % 22.1 13.3 15.5 24.3 19.6 19.0 13.3 24.3 ------------------------------------------------------------------------- S % 1.5 1.7 1.2 0.6 1.0 1.2 0.6 1.7 ------------------------------------------------------------------------- Volatile Matter % 31.5 34.0 33.5 27.1 32.9 31.8 27.1 34.0 ------------------------------------------------------------------------- Fixed Carbon % 37.4 44.1 42.5 32.9 39.3 39.3 32.9 44.1 ------------------------------------------------------------------------- Calorific Value (KCal/Kg) 4,488 5,411 5,290 4,004 4,929 4,824 4,004 5,411 ------------------------------------------------------------------------- Total Moisture % 43.0 44.4 45.1 33.0 37.4 40.6 33.0 45.1 ------------------------------------------------------------------------- No. of Holes Contributing to Composite 3 6 4 3 3 ------------------------------------------------------------------------- Coal Thicknesses (m) ------------------------------------------------------------------------- Average 8.5 14.5 5.5 2.0 7.5 ------------------------------------------------------------------------- Maximum 11.3 29.0 8.0 2.4 10.4 ------------------------------------------------------------------------- Minimum 6.6 1.8 1.7 1.5 2.7 -------------------------------------------------------------------------
A comparison of the 2009 data to the originally reported historic data shows the following: Higher calorific values (4,000 - 5,400 kCal/kg vs. 4,200 - 4,700 kCal/kg), Lower ash (13 - 24% vs. 14 - 44%), Relatively similar sulfur content (0.6 - 1.7% vs. 0.4 - 1.7%), and Moderately higher moisture (8.0 - 9.0% vs. 3.9 - 8.7%).
The 2.5 seam has not previously been documented on historical data, but shows a relatively contiguous signature throughout the drilling area. Gulfside plans to continue the Second Phase of the drill program once the winter weather has improved. Company President,
Kerry F. Griffin BSc., Diploma Eng Geol, MAIG, an independent consultant to the Company and the qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors Gulfside Minerals Ltd. "Robert L. Card" Robert L. Card President
Neither the 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
For further information: Investor Contact: Del Thachuk, Delmor Enterprises Ltd., (604) 538-5995, [email protected], www.gulfsideminerals.com
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