Os presento Gulfside Minerals y Poly-Pacific:



Gulfside ha firmado un convenio con una empresa privada de mongolia, se trata de una mina gigante. Se supone que hay 550mio toneladas de carbon. El valor de 1 tonelada de carbon en el mercado se eleva a 20-40$. En verano hacen sondeos para confirmar esta declaracion.
Ademas tambien hay un inversor privado que ha metdio 400.000$ en la empresa, y segun rumores habra mas inversores que estan a punto de formentar la empresa.
Positive me pareca que las vias del tren estan ca. 82km alejado de la mina y en ca. 6km hay un red de corriente (35KW).

Gulfside acquires 'Monster' coal property
17:01 EDT Thursday, June 21, 2007
TSX.V - GMG

VANCOUVER, June 21 /PRNewswire-FirstCall/ - Robert L. Card, President of Gulfside Minerals Ltd., (the "Company" or "GMG") is pleased to report that today the Company has signed a Letter of Intent with a private Mongolian company leading to the acquisition of the 'Monster' coal property located in SW Mongolia. The Monster property, so named because of the presence of massive coal seams up to 100 meters thick, is located about 430 kms southwest of the capital Ulaan Baatar and within 200 kms of the Chinese border. The property is 82 km to the railroad and 6 km from a 35KW electric power line.
The history of the property dates back to 1963 with the first surveys conducted under the direction of Russian geologists. More work was done in 1986-87 by the Russians when a large amount of coal was noted. In 2006, the present owner caused a number of holes to be drilled to test the coal bearing layers. The depth of the drill holes were between 74 m and 240 m. and intersected four coal seams with the total thickness of coal of between 41.5 m and 94.9 m. Additional holes show even thicker coal seams with the largest intersection of 129.3 meters. The potential reserves will be more fully integrated into the picture during a planned coal scoping study and a NI 43-101 reserve study report. The property is estimated to contain up to 550 million tonnes of coal in the Mongolian "C" category and a much larger potential reserve of 2.5 billion tonnes in the possible and probable category. The area of the 'C' category reserves is about 6.5 million square meters and 29 million square meters cover the possible/probable area of the deposit. Coal from this area sells for $20-$40 per tonne. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
The Company will be conducting additional drilling over the summer to determine reserves for a qualifying NI 43-101 report.
The coal deposit has a strike-length in a southeasterly direction of 16-18 km and a width of 6-8 km. It occupies a large area of Erdenetsogt hollow and Gobi-Gashuun dry land, which covers most of the territory of Altanshiree Soum. The coal deposit is ideal for the planning of a very high capacity open pit mine with coal quality and production capacity suitable for shipping to China by truck and train in very large amounts. The location lends itself as the fuel source for a large power generating operation. Another consideration is for coal to liquids production such as diesel and gasoline and research into the "holy grail" of the coal industry which is the insitu gasification of coal with the resulting gas being used in numerous applications.
The Company has an agreement to acquire a 50 percent interest in a private company set up to hold the Lease with an option to acquire an additional 16% interest within one year for a total of 66%. A sliding scale royalty of 3-5% is payable on production. The Company will be the operator of the project. More details will be available after review of the transaction by the TSX Venture Exchange. Dr. Marc Bustin, PhD, P.Eng., is the Company's NI 43-101 qualified person on this project and has reviewed this news release.

Project generation
The Company is in the process of filing for additional leases with substantial previous exploration results which complement the presently owned Erdenet and Khentii projects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release



Se trata de un projecto de reciclaje de nylon en Kingston Canada. Como se puede leer en el articulo
http://www.stockhouse.ca/news/news.asp?newsid=4958519&tick=PMB se supone que hay mas que 360.000 toneneladas de nylon en el vertedero de Kingston. El valor de medio kilo de nylon en el mercado es ca 1,60$ lo que significa que se trata de un projecto de ca 576.000.000 $. El nylon se transportaria a Asia donde se limpia, se supone que se pueda limpiar hasta un 98% y luego se venderia en china. Para el projecto se necestia mas o menos 5 años que significa que la empresa gana mas de 100mio$ cada año. (datos en bruto)
Mi opinion privada es que el valor puede subir hasta 10$ en los proximos 2 años si todo se cumpliera como está descrito arriba.



Todos los datos están tomados de fuentes y no me hago responsable de su realidad.

No es ninguna recomendación, solamente es mi opinion privada.

Saludos desde alemania
Andreito

Otros volores suigiran....

Gulfside anuncios!

Gulfside Clarifies Agreement to Acquire Coal Project
6/26/2007

TSX V. GMG

VANCOUVER, June 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Robert L. Card, President of Gulfside Minerals Ltd. (the "Company"), reports that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify disclosure relating to a Letter of Intent agreement to acquire the Erdenetsogt Coal Project in Mongolia.

The Company's news release dated June 21, 2007 referred to "reserves" and "potential reserves" based on historical drilling conducted by Russian and Mongolian geologists and 2005 drilling by the property vendor, a privately held Mongolian company that operates several domestic coal mines. The Company stated that the Erdenetsogt Project is estimated to contain up to 550 million tonnes of coal in the Mongolian "C" Category (a moderate level of geological confidence under this Mongolian-Russian-based classification system, generally comparable to the CIM class of indicated resources). These were included in a larger "potential reserve" classified as being in the "possible and probable category."

The "possible and probable potential reserves" were taken from "P-1 Class" and Russian "P Class", which are at best comparable to CIM inferred resources and more commonly comparable to a potential exploration target.

The Company also wishes to clarify a fence of four drill holes on an adjacent property not subject to the Letter of Intent Agreement may have been incorporated into the Mongolian-Russian estimates for the larger "potential reserves" referenced in the June 21 news release.

The Company wishes to clarify that none of the "reserves" or "potential reserves" referred to in the June 21 news release are current resources that meet National Instrument 43-101 disclosure standards. A Qualified Person has not done sufficient work to classify any of the Mongolian "C" or "P" estimates as current mineral resources, and the estimates should not be relied on. No feasibility study, pre-feasibility study or preliminary assessment (scoping study), either current or historical, has been conducted by any private or public entity on the subject property. Resources that are not reserves do not have demonstrated economic viability.

Russian and Mongolian geologists drilled five holes totaling 574.6 metres between 1987 and 1988. Four of the holes intersected but did not fully penetrate the deposit. The historical drill-hole data showed that cumulative coal thickness varied between 9.8 metres and 124 metres.

Subsequent drilling in 2005 by Monrospromugoli Co. Ltd. ("MPRU") consisted of four wide-spaced holes along two fences. The distance between the fences was 1,200 metres, the distance between the drill-holes varied from 800 metres to 1,200 metres, and the depth varied from 74 metres to 238 metres. These holes intersected four coal seams with a total cumulative thickness of coal between 41.5 metres and 94.9 metres (average 64 metres). MPRU also drilled two separate holes to check the continuity of the coal seams at the western flank of the deposit.

Additional drilling will be required to verify these results and determine the true thickness of the coal. The Company's goal is to verify the 550 million tonnes of coal in the Mongolian "C" category and "potential resources" in the Russian "P" or "P-1" Class in order to update these estimates to NI 43-101 disclosure standards.

Based on the historical exploration and drilling results, the Company believes the Erdenetsogt Project is potentially amenable to large-scale open-pit mining suitable for shipment to China by truck or train.

The potential grade and quality of the Brown coal was determined by two separate tests. Initial historical tests (between 1986 and 1988) conducted by Russian and Mongolian entities showed an average calorific value of 6,425 kcal/kg, while subsequent tests in 2005 by the current owner showed an average calorific value of 4,682 kcal/kg. This variation has not been explained. The Company has not yet conducted any tests to verify these results, which are provided for information purposes only.

The Company believes that Erdenetsogt may have potential for the in situ gasification of coal into liquids such as diesel and gasoline, but has not conducted any tests or preliminary assessment to determine if this concept is technically feasible or has economic potential.

Gulfside Minerals has a Letter of Intent agreement to acquire a 50% interest in a private company set up to hold the Lease, with an option to acquire an additional 16% interest within one year, for a total of 66%. A sliding scale royalty of 3-5% is payable on production. The Company will be the operator of the Project. Additional details will be provided after review of the proposed transaction by the TSX Venture Exchange.

Dr. Marc Bustin, PhD, P.Geo., a member of the Company's Advisory Board and a Qualified Person as defined by NI 43-101, supervised preparation of the technical information in this news release.

The Company intends to submit an initial NI 43-101 report on the property within 45 days.

On behalf of the board of directors, Gulfside Minerals Ltd "Robert L. Card" Robert L. Card President

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 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release

CONTACT: Suite 1102, 475 Howe Street, Vancouver, B.C., V6C 2B3, Canada, Telephone (604) 687-7828, Facsimile (604) 687-7848, www.gulfsideminerals.com

SOURCE Gulfside Minerals Ltd.

Suite 1102, 475 Howe Street, Vancouver, B.C., V6C 2B3, Canada, Telephone (604) 687-7828, Facsimile (604) 687-7848, www.gulfsideminerals.com http://www.prnewswire.com

Copyright (C) 2007 PR Newswire. All rights reserved


asique en maximo 45 dias gulfside confirmara cuanto carbon hay exactamente y si es verdad lo que ponian veremos aqui rapidamente 5$. en agosto sabremos mas!

suerte!

mas anuncios de Gulfside!
hay un gran inversor (o mas) que ha comprado por 2,5mio$ a 1.00$ pro accion. el gran inversor no meteria aqui 2,5mio$ si no creiera que el valor suberia. los titulos no ha comprado por la bolsa.

VANCOUVER, Jun 26, 2007 (Canada NewsWire via COMTEX News Network) --
TSX.V - GMG

Robert L. Card, President of Gulfside Minerals Ltd. (the "Company"), is pleased to announce that a non-brokered private placement of 2,500,000 units at a price of $1.00 per unit, to raise gross proceeds of $2,500,000 has been arranged. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase on additional common shares of the Company at an exercise price of $1.04 per share for a period of one year.
A finder's fee may be payable in connection with this placement.
The offering and finder's fee are subject to completion and execution of appropriate documentation and acceptance for filing by the TSX Venture Exchange.

On behalf of the board of directors
Gulfside Minerals Ltd.
"Robert L. Card"
(signed)
Robert L. Card
President

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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release
SOURCE: Gulfside Minerals Ltd.
Investor Contact: Robert L. Card, (604) 687-7828 or 1-888-687-7828
Copyright (C) 2007 CNW Group. All rights reserved.

No se, no se, pero esto me huele muy mal.

Andrito te has tomado las "molestias" de dejar constancia de tu "recomendación" por todos los foros de España.

http://www.forosdebolsa.com/viewtopic.php?t=110050

http://www.webfg.com/foros/viewtopic...lg38c4fdkm5ia6

http://www.megabolsa.com/forum/viewt...b3468e830f10b1

http://www.bolsamania.com/phpBB2.2/viewtopic.php?t=4147

http://bolsa.elperiodico.com/phpBB2/...lg38c4fdkm5ia6

http://foros.recoletos.es/foros-expa...08999&tstart=0

Si analizamos el caso de GULFSIDE MINERALS.

http://es.finance.yahoo.com/q/hp?s=D...7&g=d&z=66&y=0

La empresa se mueve con volumenes ridiculos, y a partir de abril, que es cuando aparece Andreito a los foros, empieza a moverse un poquito mas de volumen.
Si hablas Aleman e Ingles, como parece que lo haces, seguro que también, te has metido en los foros y has presentado tus valores bombas, con el consiguiente aumento de volumen.

Yo solo digo que os pille rápidos por que si sube así, la caida va a ser de ordago.

Y de POLY-PACIFIC, lo que vamos a tener que oir ya, "descubren" un vertedero de basura, se preparan para rescatar el Nylon que pueda haber en él, y el valor de la empresa sube un 400%...... pues si llegan a descubrir petroleo.

No me he molestado en leer el resto de las web españolas en las que analizas tus valores, pero seguro que ya hay gente pillada, espero que alguien más te haga alguna réplica, por que veo que campas a tus anchas.

Saludos.

Ándense ustedes con cuidado ahí fuera

__________________
http://eduenca.blogspot.com/

gulfside tambien en el teletexto!

es un resumen del ultimo anuncio que un inversor ha comprado por 2,5mio$. tambien hay una recomendacion que la gente compre.

pagina 443

http://www.n-tv.de/1180.html

el canal n-tv echa todo el dia informaciones sobre la bolsa, es muy interessante ese canal, perooooo es en aleman!

a ver que semana nos espera!

mañana no abre la bolsa en canada, tienen festivo, pero cuento con una subida de gulfside y poly-pacific en alemania.


aqui tienes una depostito de muestra de mi fuente + su pagina web.
pagina web: http://www.investprofi.de/
deposito de muestra: http://www.stuttgarter-startrader.de...id=16&Itemid=1

mañan los jefes de gulfside minerals van a mongolia, que van a hacer ahi? me puedo imaginar que quedan con los geologos. si es asi, tendremos la semana noticias buenas!
estoy seguro que al final del año estaremos por lo menos a 2.00 euros!
como tarde en agosto habra noticias sobre el "monster coal deal" y creo que los resultados seran estupendo!
saludos.

POLY PACIFIC

el dia 06.07.07 hubo una junta general, me he enterado que habia entre 35 - 40 persones y tambien inversores grandes. en total la reunion fue un exito y todos estaban contentos.

1. hay un inversor de china que quiere meter 1mio$
2. s. koltai dice que es posible que ganan en un solo dia 100.000$ si todo se cumpliera asi como pensaban.
3. han votado 2 miembros nuevos
4. van a cambiar su pagina web

yo mismo cuento con una subida pequeña en las proximas semanas. ademas estan consiguiendo mas proyectos, pero de kingston no se nada nuevo, tenemos que esperar hasta agosto o septiembre.
creo que esta semana habra un anuncio sobre la reunion del viernes, a ver si confirmen todo lo que he oido.

un saludo de madrid, que calor hace en españa :shock:

Poly-Pacific Adds Director of Reclamation
7/10/2007
VANCOUVER, BRITISH COLUMBIA, Jul 10, 2007 (CCNMatthews via COMTEX News Network) --
Poly-Pacific International Inc. (TSX VENTURE MB)(OTCBB LYPF)(BERLIN:A0LGDN)(FRANKFURT OZ) ("Poly-Pacific" or the "Company") is pleased to announce the results and provide an update on the Annual General Meeting of the Shareholders for the financial year ending December 31, 2006, held on July 6, 2007. Greg Pendura was newly elected to Poly-Pacific's Board of Directors, subject to regulatory approval. All returning directors were re-elected to the Board. Accordingly, the Board of Directors of Poly-Pacific consists of D. Randy Hayward, Dr. Edward Chambers, Mike Duff, David S. Tam, Richard Oravec and Greg Pendura.
Poly-Pacific is also advising on the successful approval of all items at the Annual General Meeting of the shareholders. The Board of Directors has agreed to work towards maximizing shareholder value for Poly-Pacific shareholders and to consider all options to achieve this goal during the next year.
Mr. Pendura has more than 35 years of experience in founding, financing and advising emerging private and public companies. Mr. Pendura has spent the last 12 years in the public sector with Resin Systems Inc. An original founder of the company, he recently retired as President, CEO and Chairman of the Board. During his tenure with Resin Systems Inc., Mr. Pendura was instrumental in the company achieving a market capitalization of over $200 million as well as raising more than $100 million of investment capital during its formative years.
Mr. Randy Hayward, President and CEO states, "Mr. Pendura will be assisting management in strategic planning and building the team necessary to optimize the future development of the company's numerous business opportunities."
The company is further pleased to announce the appointment of Mr. Angus Ross, M.Sc., P. Eng. to the position of Director of Reclamation Operations, overseeing the McAdoo's Lane Landfill nylon reclamation project. Mr. Ross, from Kingston, Ontario, Canada, is a municipal and environmental engineer with over twenty year's experience in teaching, management and consulting engineering. Mr. Ross had a long and successful career as a professor and senior manager holding positions as Dean of Development and of Engineering Technology at the St. Lawrence College in Kingston, Ontario.
Mr. Ross subsequently worked as an Engineer for the municipality of the Township of Kingston during the 1970's and was responsible for the planning of the major water and sewer projects in addition to managing the technological operations, which included the McAdoo's Lane Landfill Site for the municipality.
Mr. Ross is a member of the Professional Engineers of Ontario, Canada. He is the author of a number of technical paper and training programs in the environmental field. He has organized and delivered training sessions for the Ontario Ministry of the Environment and for Environment Canada.
Randy Hayward, President and CEO states, "Mr. Ross's knowledge as a municipal and environmental engineer, combined with his experience with the Township of Kingston, where he oversaw the McAdoo's Lane Landfill Site, will allow us to streamline the nylon reclamation project."
About Poly-Pacific
Poly-Pacific is a recycling company that manufactures and distributes MultiCut(TM), an environmentally safe, technologically advanced plastic media for paint stripping and coating removal for sensitive substrates. It is an environmentally friendly alternative to using sand and harsh chemicals in the removal of paint and other coatings. Poly-Pacific is actively developing its business model to include the reclamation of industrial polymer fibre throughout North American landfill sites.
SOURCE: Poly-Pacific International Inc.
Poly-Pacific International Inc. Randy Hayward President and Chief Executive Officer (604) 293-8885 (604) 293-8234 (FAX)
Copyright (C) 2007 CCNMatthews. All rights reserved.

POLY-PACIFIC INT'L



Poly-Pacific International Inc. Announces a Non-Brokered Private Placement
7/20/2007

CALGARY, ALBERTA, Jul 20, 2007 (CCNMatthews via COMTEX News Network) --
Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE MB)(OTCBB LYPF)(BERLIN:A0LGDN)(FRANKFURT OZ) announces that subsequent to a price reservation filed with the TSX - Venture Exchange on June 26, 2007, the Company is proceeding with a non-brokered Private Placement financing offering up to 9,722,222 units ("Units") at a subscription price of $0.18 per Unit for gross proceeds of up to $1,750,000. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). The Warrants are exercisable at a price of $0.30 per common share during the first year following the date of closing and at $0.40 per common share during the subsequent year.

Today, subject to regulatory approval, Poly-Pacific is pleased to announce the first closing where 3,352,853 Units will be issued for gross proceeds of $603,514. The Company paid Finder's Fees of $40,793.40 to arm's length parties in connection with the first closing of the placement.

The securities issued under the private placement are subject to a four-month hold period.

The proceeds of the Placement will be used for general working capital purposes and to investigate other reclamation sites in North America and perform due diligence on other related technologies.

Poly-Pacific is a recycling company that manufactures and distributes MultiCut(TM), an environmentally safe, technologically advanced plastic media for paint stripping and coating removal for sensitive substrates. It is an environmentally friendly alternative to using sand and harsh chemicals in the removal of paint and other coatings. Poly-Pacific is actively developing its business model to include the reclamation of industrial polymer fibre throughout North American landfill sites.

SOURCE: Poly-Pacific International Inc.

Poly-Pacific International Inc. Randy Hayward President and Chief Executive Officer (604) 293-8885 (604) 293-8234 (FAX)

Copyright (C) 2007 CCNMatthews. All rights reserved.

© 2007 Stockgroup Media Inc.

poly pacific presenta su nueva pagina web

www.poly-pacific.com
gracias a nachig por esta informacion:
hay novedades, poly ha entregado toda la documentacion que le pedía el ayuntamiento de Kingston y por lo que se ve van a empezar a realizar pruebas para ver la viabilidad economica del proyecto. Por otra parte, han finalizado una segunda emisión de acciones y van a emitir deuda convertible en acciones tambien por valor de 300.000 euros.
mas infos sobre los ultimos anuncios encontrais aqui: http://www.stockhouse.ca/comp_info.a...PMB&table=list

increible lo que pasa aqui, gulfside no para de subir.
el die 11.08.07 acaba el plazo de la presentacion de la confirmacion sobre la cantidad de carbon que ha encontrado gulfside en mongolia. seguin la empresa se necesitaba 45 dias y estos dias acaban en tal fecha.
al final del año 10$ ???? creo que si, lo veo posible!
mas informaciones sobre los ultimos anuncios encontrais aqui http://www.stockhouse.ca/comp_info.a...GMG&table=list

Nada, que soy nuevo en todos los aspectos (Bolsa-Foro), y quiero empezar en la bolsa. Voy a empezar con 2.000 Euros.

¿Qué me aconsejais? 4 opciones:

- 1000 euros en Gulfside minerals y 1000 en Poly-pacific
- 2000 euros en Gulfside
- 2000 euros en Poly-pacific
- No jugar

He leido que para 2000 euros, es mejor ir a una cosa, pero las dos me parecen buenecillas, y no se que hacer.

No te recomiendo ninguna de estas dos, por tu seguridad. Mucho ojo con estos vendedores de estampitas...

y menos ahora con la fiesta que hay montada en las bolsas

__________________
la mejor inversión de futuro; no olvidar y aprender del pasado.

hola, la verdad es ke yo ahora no te recomiendo ninguna

por mi opinion personal te tengo ke decir, ke yo empeze con las gulfside cuando estaban a 0.13, hoy a cerrado a 0.94 jjejeje asi ke imagina

pero claro ahora mismo la verdad es ke no te recomiendo ninguna

poly ha metido un bajoncito. si no tienes prisa puedes comprar unas poquillas y dejarlas un tiempo a ver

hola, no podia escribir antes, estaba un poco liado

@rojumper, espero que haya comprado gulfside minerals!

poly todavia tarda un poco, los analisis del vedadero en kingston tarda todavia hasta diciembre, si los resultados son buenos este valor tambien empieza a volar.

yo tambien recomiendo nada, solo presento aqui las empresas y os doy informaciones, nada mas. luego teneis que decedir vosotros. de todas formas la gente que compró gulfside ahora mismo tienen una ganancia de cerca 600%

sober GULFSIDE:


<FONT face=Calibri><SPAN class=postbody>ahora mismo el valor esta suspendido ya hace una semana por anuncios saliendo. Yo creo/espero que van a ser anuncios fantásticos que irán a empujar el valor hasta 3 euros por lo menos. Supongo que habrá gente que se piensa por que debe subir tanto, ya ha subido un 600%. Os lo digo, estamos esperando a 2 cositas:

1. El contrato firmado
2. el reporte ("NI") 43-101

Si anuncian las dos cosas en plan positive tendremos aquí un cohete de primer clase.
Ya veremos que tal, espero bien!
Si anuncian algo malo vamos a bajar sin parar.

ULTIMO ANUNCIO
GULFSIDE MINERALS LTD



Gulfside Minerals Ltd.: Update
9/10/2007



VANCOUVER, BRITISH COLUMBIA, Sep 10, 2007 (MARKET WIRE via COMTEX News Network) --
Gulfside Minerals Ltd. (the "Company" or "GULFSIDE") (TSX VENTURE: GMG) is pleased to update the ongoing progress of its exploration program at the Company's coal 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 a resource estimate compliant with National Instrument ("NI") 43-101 standards. Toward this end, eight ( boreholes were drilled in August 2007, for a total of 1,592 meters of drilling, in addition to previous work. Norwest oversees all work programs in this phase to ensure that data collection procedures meet international industry standards. In addition 16 holes, totaling 2,353.2 meters, were drilled by the Company.
The coal license area is situated within a Cretaceous-age basin known for relatively thick occurrences of brown coal. GULFSIDE'S goals are to confirm and upgrade known resources to NI 43-101 standards, expand resources through ongoing drilling programs, and provide information to initiate a scoping study focused on a potential large-scale open-pit mine.
About 770 samples have been collected to date, representing 528 meters of core (mostly coal), with acceptable core recovery. The samples have been submitted to SGS Laboratories in Ulaanbaatar, Mongolia, and Tianjin, China for preparation and analytical work, respectively, with specialized testing and check samples analyses conducted at other accredited facilities.
A preliminary assessment of exploration results to date has generally confirmed previous results and demonstrated the following features:
- The cumulative thickness of the coal package typically exceeds 40 meters with some individual seams exceeding 15 meters in thickness;
- The upper seams of the deposit tend to have numerous splits and rock partings, with thicker, more uniform seams occurring in the lower portion;
- The coal occurs in relatively flat-lying seams with low to moderate geological complexity.
GULFSIDE and Norwest have surveyed all borehole locations and completed a topographic survey on a 200-meter grid. A hydrology program was initiated with the installation of three observation wells. At least three more observation wells are planned, along with drilling and installation of large-diameter wells for advanced hydrologic testing.
GULFSIDE is very pleased by the progress to date and expects shortly to release a NI 43-101 compliant resource estimate and technical report for the coal license.
GULFSIDE is exploring the coal project as a joint venture under the terms of a June 2007 Letter of Intent with a private company to hold the lease to acquire a 50% interest with an option to acquire an additional 16% within one year for a total of 66%. The acquisition of this property is subject to the approval of the TSX Venture Exchange.
GULFSIDE is focusing its thinking on multiple use development due to the usual limitations of ground transportation relative to the large size of coal 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 which promises to cut capital and operating costs dramatically, and
4 In-situ Coal Gasification ("ICG") is the process to produce coal gas in place within the coal seam through the controlled combustion (burning) of part of the coal seam whose heat then releases unburnt combustible gases in other parts of the coal seam. These gases are then recovered for further processing. GULFSIDE is able to access technology and skilled scientists in this area. ICG is one of the keys to developing gas from thick coal seams which are unsuitable for either open pit or underground mining. The key significant issue is to determine which coal seams, of which GULFSIDE has identified, are suitable for ICG, of which there is only a select few.
GULFSIDE has also been invited to evaluate several significant bituminous coal deposits in "Inner Mongolia, China" from the perspective of creating a joint venture partnership with the Chinese coal property owners, whereby, GULFSIDE would direct development, as a majority interest holder, on several fronts: truck and train transport of open pit coal to markets, coal to electricity, coal to diesel and ICG.
KHENTII PROJECT BACKGROUP AND UPDATE
The Khentii project is located in a larger Permian - Triassic Volcanic Plutonic Belt analogous to the Erdenet Belt, currently comprising a single lease of 9,818 ha. The Kentii 1 lease contains three large soviet era anomalies (H1 to H3). H1 is indicated as being 4 x 5 km silver anomaly. The H2 anomaly is 1.5 x 1 km in area and is anomalous in gold, silver and base metals. The H3 anomaly is a stream bed (placer deposit) gold anomaly with assays reported between 0.3-1.0 g/t.
Advanced preparations are underway for the next stage of exploration where the company is mobilizing geophysical crews and to conduct further geochemical sampling. Upon successfully identifying geophysical anomalies the 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 a qualified person as defined by National Instrument 43-101, reviewed the coal 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-looking statements. Forward-looking statements include, but are not limited to, statements concerning GMG's planned exploration program 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.
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Contacts: Gulfside Minerals Ltd. Robert L. Card President