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Gulfside Minerals Ltd. (TSX-V: GMG) is a junior resource company looking for shareholder value in energy: oil, natural gas, coal and uranium. It has acquired an option to purchase three lease parcels located in SW Mongolia at Gobi Altai, in north central Mongolia at Erdenet, Mongolia's third largest city and in NE Mongolia at Khentii. The total land package is 698,000 hectares and covers areas of known mineral occurrences from extensive surface prospecting undertaken during the Russian mineral exploration era.

The Company is also negotiating to acquire coal leases in Mongolia. Coal is in great demand from China and other areas of Asia for power generation as well as steel making. Mongolian coal deposits are known for their thick coal seams which make mining lower cost than other areas.

WHY MONGOLIA?

  • World class discoveries
    • Erdenet (Mongolian Russian JV) 1.78 Bt at 0.62% Cu & 0.025% Mo
    • Oyu Tolgoi (IVN) 1.15 Bt at 1.30% Cu & 0.47 g/t Au
  • A growing list of viable midsized metal resources
    • Golden Hills Au, Cu, Ag (QGX, feasibility study), 19.6 Mt at 0.36 g/t Au, 1.51% Cu & 4.97 g/t Ag
    • Saddle Hills U308 (WNP – feasibility study), 14.9 Mt at 0.14% U308
    • Boroo Gold (CEN – operating) 10.2 Mt at 3.5 g/t Au
    • Tsagaan Suvarga Cu/Au (Local – Russian drilling), 240 Mt at 0.53% Cu & 0.018% Mo
    • Khamagtai Au/Cu (IVN/QGX – advanced project),
    • Asgat Ag (Mongolian Russian JV – Russian drilling)
    • Tumurtyn Ovoo, Zn (Mongolian Chinese JV – operation) 7.7 Mt 12.43% Zn
  • Western style mining and environmental laws
  • Welcoming business climate
  • On Asia's door step: Chinese but also Japan & Korea
  • Outstanding under explored prospective areas.

Gulfside Minerals Ltd. has been negotiating the acquisition of oil and gas and coal projects in North America and Mongolia, and the Company is also interested in gold and base metals in both North America and Mongolia.

The Company's first venture is in the country of Mongolia where it has acquired an interest in 700,000 hectares of leases covering gold, base metals and uranium. These are grassroots prospects covering known showings in favorable geologic settings.

Gulfside is also presently conducting Due Diligence on an option to purchase a large coal property in Mongolia.


FOCUS ON THE ERDENT VOLCANIC BELT

The Erdenet lease holdings are located in the same host rocks of the Erdenet Mine, a major copper mine and the largest mining operation in Mongolia, owned 51% by the Mongolian government and 49% by the Russian government. Erdenet has reserves of 1.3 billion tonnes of ore. (6 million tonnes of copper, and 170 thousand tonnes of molybdenum). The Company's Erdenet licenses total approximately 95,177 hectares.

WHY FOCUS ON THE ERDENET BELT?

  • Located in one of the more accessible of the prospective areas of Mongolia. The project can be reached overland from the capital Ulaan Baatar in four hours.
  • Erdenet is Mongolia's 3rd Largest City – Leases are close to existing
    infrastructure:
    • Power (Duck Lakes Power plant Russia)
    • Processing plant
    • Railway link to Eastern-Sibirian main line
    • Paved roads between linking Endenet to Darkhan and Ulaanbaatar. (open all year)
    • Work Force.
  • Geological models for the control of mineralisation models can be extrapolated form the existing Erdenet open pit mine.
  • Recent porphyry copper discoveries by Fortress Minerals and Erdene Gold while not yet proven to be economic deposits show the enormous potential of the area once modern exploration techniques are applied.


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