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Enter Symbol
or Name
USA
CA



Gulfside Minerals Ltd
Symbol GMG
Shares Issued 47,621,369
Close 2011-04-28 C$ 0.12
Market Cap C$ 5,714,564
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Gulfside acquires 100% interest in two Atlin prospects

2011-05-04 16:00 ET - News Release

Mr. Robert Card reports

GULFSIDE MINERALS ADDS TO NORTHERN TREASURE CLAIM

Gulfside Minerals Ltd. has acquired a 100-per-cent interest in two gold and silver prospects located in the Atlin mining division in northwestern British Columbia (see company's news release of March 17, 2011).

The properties, known as the Argonaut and Golden Fleece groups, are located approximately 150 kilometres northwest of Dease Lake, B.C., and 120 km south of Atlin, B.C. The Argonaut property is composed of five claims totalling 1,924.7 hectares and lies approximately 11 km east of the Bryer group. The Golden Fleece property is composed of two claims totalling 829.9 hectares and lies approximately nine km south west of the Argonaut group. The company acquired the claims for the payment of $5,000 and a 1-per-cent net smelter return royalty to the vendor.

The claims surround the Thorn group (Brixton Metals) and the Inlaw/Trapper Lake group (Ocean Park Ventures) and are on trend approximately 70 km from the former Golden Bear mine and mine access road, which were 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 grams per tonne gold and 4.0 g/t silver.

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.

We seek Safe Harbor.

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