News bei Gulfside Minerals
Liebe Börseninteressierte,
heute Nacht hat Gulfside Minerals eine Unternehmensnachricht publiziert, die einen weiteren Meilenstein in der Unternehmensentwicklung darstellt.
Die ersten Bohrergebnisse wurden bekannt gegeben. Ergebnisse, die nicht nur die russischen Gutachten bestätigen, sondern sogar übertreffen.
Die Auswertung und die Erstellung des Nl 43-101 Reportes ist in vollem Gange und wird in Kürze erwartet.
Auch auf den anderen Feldern werden die Explorationsarbeiten vorangetrieben. So wurde bezgl. Des Kenthil Projektes eine hohe Silberanomalie festgestellt.
Gulfside Minerals ist auf dem Wege zu einem BIG Player zu werden . Eine völlige Neubewertung des Aktienkurses steht an.
Es ist nur eine Frage der Zeit, bis der Markt das Potenzial der Firma in den Aktienkurs eingepreist hat . Zweistellige Kurse sollten innerhalb weniger Monate selbstverständlich sein für diese Aktie. Wir bestätigen unser mittel bis langfristiges Kursziel von 50,- Dollar
Aktuell stehen Rohstoffreserven im Wert von zweistellig Milliarden Dollar einer Marktkapitalisierung von gerade mal 30 Millionen Euro gegenüber.
Wahren Sie diese ungeheure Chance die sich Ihnen bietet. Geben Sie kein Stück aus der Hand. Nutzen Sie den derzeit extrem billigen Kurs zum Aufstocken Ihrer Bestände.
Gulfside Minerals wird seinen Weg gehen. Und Sie sind dabei.
Die Unternehmensmeldung im Original:
DGAP-News: Gulfside Minerals LTD.: UPDATE coal Project in Mongolia 43-101
Gulfside Minerals LTD. / Research Update
11.09.2007
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.The issuer / publisher is solely responsible for the content of this announcement.--------------------------------------------------
Gulfside Minerals Ltd.: UpdateSep 10, 2007 7:21:00 PM
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/10/07 -- GulfsideMinerals Ltd. (the ´Company´ or ´GULFSIDE´) (TSX VENTURE: GMG) is pleasedto update the ongoing progress of its exploration program at the Company´scoal Project in Mongolia.
GULFSIDE has retained Norwest Corporation (´Norwest´) of Salt Lake City,Utah, to assist in the evaluation of the coal project and to prepare aresource estimate compliant with National Instrument (´NI´) 43-101standards. Toward this end, eight (8) boreholes were drilled in August2007, for a total of 1,592 meters of drilling, in addition to previouswork. Norwest oversees all work programs in this phase to ensure that datacollection procedures meet international industry standards. In addition 16holes, totaling 2,353.2 meters, were drilled by the Company.
The coal license area is situated within a Cretaceous-age basin known forrelatively thick occurrences of brown coal. GULFSIDE´S goals are to confirmand upgrade known resources to NI 43-101 standards, expand resourcesthrough ongoing drilling programs, and provide information to initiate ascoping study focused on a potential large-scale open-pit mine.
About 770 samples have been collected to date, representing 528 meters ofcore (mostly coal), with acceptable core recovery. The samples have beensubmitted to SGS Laboratories in Ulaanbaatar, Mongolia, and Tianjin, Chinafor preparation and analytical work, respectively, with specialized testingand check samples analyses conducted at other accredited facilities.
A preliminary assessment of exploration results to date has generallyconfirmed previous results and demonstrated the following features:
- The cumulative thickness of the coal package typically exceeds 40 meterswith some individual seams exceeding 15 meters in thickness;
- The upper seams of the deposit tend to have numerous splits and rockpartings, with thicker, more uniform seams occurring in the lower portion;
- The coal occurs in relatively flat-lying seams with low to moderategeological complexity.
GULFSIDE and Norwest have surveyed all borehole locations and completed atopographic survey on a 200-meter grid. A hydrology program was initiatedwith the installation of three observation wells. At least three moreobservation wells are planned, along with drilling and installation oflarge-diameter wells for advanced hydrologic testing.
GULFSIDE is very pleased by the progress to date and expects shortly torelease a NI 43-101 compliant resource estimate and technical report forthe coal license.
GULFSIDE is exploring the coal project as a joint venture under the termsof a June 2007 Letter of Intent with a private company to hold the lease toacquire a 50% interest with an option to acquire an additional 16% withinone year for a total of 66%. The acquisition of this property is subject tothe approval of the TSX Venture Exchange.
GULFSIDE is focusing its thinking on multiple use development due to theusual limitations of ground transportation relative to the large size ofcoal deposits under investigation such as:
1 Truck and train transportation to markets,
2 Coal fired electrical power generation,
3 Coal to diesel: GULFSIDE is evaluating newly emerging technology whichpromises to cut capital and operating costs dramatically, and
4 In-situ Coal Gasification (´ICG´) is the process to produce coal gas inplace within the coal seam through the controlled combustion (burning) ofpart of the coal seam whose heat then releases unburnt combustible gases inother parts of the coal seam. These gases are then recovered for furtherprocessing. GULFSIDE is able to access technology and skilled scientists inthis area. ICG is one of the keys to developing gas from thick coal seamswhich are unsuitable for either open pit or underground mining. The keysignificant issue is to determine which coal seams, of which GULFSIDE hasidentified, are suitable for ICG, of which there is only a select few.
GULFSIDE has also been invited to evaluate several significant bituminouscoal deposits in ´Inner Mongolia, China´ from the perspective of creating ajoint venture partnership with the Chinese coal property owners, whereby,GULFSIDE would direct development, as a majority interest holder, onseveral fronts: truck and train transport of open pit coal to markets, coalto electricity, coal to diesel and ICG.
KHENTII PROJECT BACKGROUP AND UPDATE
The Khentii project is located in a larger Permian - Triassic VolcanicPlutonic Belt analogous to the Erdenet Belt, currently comprising a singlelease of 9,818 ha. The Kentii 1 lease contains three large soviet eraanomalies (H1 to H3). H1 is indicated as being 4 x 5 km silver anomaly. TheH2 anomaly is 1.5 x 1 km in area and is anomalous in gold, silver and basemetals. The H3 anomaly is a stream bed (placer deposit) gold anomaly withassays reported between 0.3-1.0 g/t.
Advanced preparations are underway for the next stage of exploration wherethe company is mobilizing geophysical crews and to conduct furthergeochemical sampling. Upon successfully identifying geophysical anomaliesthe company will move to drill test the targets as soon as possible.
Dr. Marc Bustin, PhD, PGeo, a member of the company´s advisory board and aqualified person as defined by National Instrument 43-101, reviewed thecoal content of the news release.
On Behalf of the Board of Directors of Gulfside Minerals Ltd.
Robert L. Card, President
Forward-Looking Statements: This document includes forward-lookingstatements. Forward-looking statements include, but are not limited to,statements concerning GMG´s planned exploration program and otherstatements that are not historical facts. When used in this document, thewords such as ´could´, ´plan´, ´estimate´, ´expect´, ´intend´, ´may´,´potential´, ´should´, and similar expressions are forward-lookingstatements. Although GMG believes that its expectations reflected in theseforward looking statements are reasonable, such statements involve risksand uncertainties and no assurance can be given that actual results will beconsistent with these forward-looking statements. Important factors thatcould cause actual results to differ from these forward-looking statementsare disclosed under the heading ´Risk Factors´ and elsewhere in thecorporation´s periodic filings with Canadian securities regulators.
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the accuracy or adequacy of this news release.
Contacts:Gulfside Minerals Ltd.Robert L. CardPresident(604) 687-7828(604) 687-7848 (FAX)Website:
www.gulfsideminerals.com11.09.2007 Financial News transmitted by DGAP
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EquityStory AG
Unser Favorit bleibt Gulfside Minerals, knapp gefolgt von Poly Pacific
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