TSX.V - GMG
This first hole was located as an offset to hole No.12 of the Russian/Mongolian exploration program from 1973 which was completed at a depth of 90.5 meters. The first hole, NL-09-22C TB001, was cored to 120 meters and then changed to rotary drilling as a faster and more cost effective method. The GPS location is 538626E x 5167713N. The hole was completed at a depth of 201 meters.
HISTORIC ONJUUL - 2009 ------------------------------------------------------------------------- Coal Intercept Comparison ------------------------------------------------------------------------- Historic Hole No. 12 *Gulfside Hole No.TB001 Seam -------------------------------------------------------------------- Top Base Thickness (m) Top Base Thickness (m) ID ------------------------------------------------------------------------- 9.60 16.20 6.60 8.96 15.65 6.69 1 ------------------------------------------------------------------------- 16.45 17.36 0.91 ------------------------------------------------------------------------- 52.00 63.50 11.50 2U ------------------------------ 45.84 84.6 38.76 ---- 63.50 83.90 20.40 2L ------------------------------------------------------------------------- 130 136 6.00 ------------------------------------------------------------------------- Total (Meters) 38.50 (Meters) 52.36 Coal ------------------------------------------------------------------------- * Seam intercepts and correlations are preliminary, pending geophysical logging
The core has been logged, split and boxed ready for testing at the Stewart
The Company's driller now has two rigs operating on a 24 hour basis (2 - 12 hour shifts), the camp has 21 sleeping gers, one office ger and a larger mess hall ger to accommodate 44 personnel. For pictures of the camp and drilling activities please visit the Company's website.
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 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
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For further information: Investor Contact: Del Thachuk, Delmor Enterprises Ltd., (604) 538-5995, [email protected], www.gulfsideminerals.com, www.gulfsideminerals.de
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