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Gulfside Minerals Ltd. - Analytical results of coal quality from 2009 drilling campaign
Jan. 27, 2010 (Canada NewsWire Group) --
VANCOUVER, Jan. 27 /CNW/ -- Robert L. Card, President of Gulfside Minerals Ltd., ("Gulfside" or the "Company") (TSXV: GMG), is pleased to report on the initial preliminary results of the coal assays from the Onjuul project.
In 2009, seven core holes and four rotary holes were drilled on the Onjuul project. Preliminary seam correlations have been performed on the drilling results based on geophysical and lithologic logs. Preliminary analytical coal quality results suggest that the coals are of somewhat improved quality in terms of ash and calorific value than previously reported historic estimates.
A total of 128 coal quality samples were analyzed by the Stewart Group Labs, a certified testing facility in Ulaanbaatar, Mongolia. The initial analytical suite included total and air-dried moisture, ash, volatile matter, fixed carbon, sulfur content, and calorific value. The samples were defined to best represent the various coal benches within each seam. Initial results have been received from six of the seven holes, and have been mathematically composited to provide a weighted average of seam coal quality.
The weighted averages of each drill hole and seam intercept are presented on an air-dried basis and shown below.
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