Arrowstar Resources Ltd
Gulfside Minerals LTD.: NORTHERN TREASURE – FIRST PHASE WORK COMPLETE
Gulfside Minerals LTD. / Key word(s): Research Update 10.08.2011 / 08:45 --------------------------------------------------------------------- Vancouver, B.C. - Robert L. Card, President of Gulfside Minerals Ltd. ('Gulfside' or the 'Company'), is pleased to report that the First Phase of exploration work has been completed on the Company's Northern Treasure mineral property located about 125km SE of Atlin, BC. The First Phase work consisted of follow up to the 602ppb gold silt sample reported on the property by the BC Geological Survey in 2009. The streams have been sampled for gold in the silts along with mapping of the strata. The exploration crew also followed up on gossans on the property to sample the rusty pyrite rich rocks and map the strata. A large hydrothermal system has been discovered which will entail a great deal more exploration. All samples have now been logged, correlated and sent to the assay lab for analysis. Results are expected within three weeks. The Northern Treasure property was acquired this spring. It is located about 150 km northwest of Dease Lake and 120km SE of Atlin, BC. The property is about 50km from the former Golden Bear mine and on strike with the Trapper Lake (Ocean Park (OCP)) and Thorn (Brixton(BBB)) properties currently being drilled and explored this summer season. The Company expects the exploration crew to be starting exploration on the Golden Fleece property this week, continuing to the Argonaut and Bryer properties during the month. 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 Investor Contact Robert L. Card Gulfside Minerals Ltd. 604-687-7828 Gulfsideminerals@shaw.ca www.gulfsideminerals.com '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. End of Corporate News --------------------------------------------------------------------- 10.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 135045 10.08.2011
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