Gulf developing reserve on McLymont

Drilling on the McLymont Creek property, owned by Gulf International Minerals (VSE), is continuing to return good gold values. The property is in the Iskut River area of northwestern British Columbia. The drilling is part of an infill and stepout program designed to develop a reserve figure for the Northwest zone of the property. Mineralization in the Northwest zone is believed to occur as a series of replacement lenses within an elongated shear zone.

Gulf is awaiting further assays from the program, but results released to date are as follows:011

Hole Intercept Width Gold (ft.) (ft.) (oz./ton) 90-19 97.0-105.0 8.0 0.20 90-23 110.0-114.2 4.2 0.35 90-26 107.0-116.0 9.0 0.72 90-27 46.0-53.0 7.0 0.43 90-30 79.0-96.5 17.5 0.34 170.0-186.0 16.0 0.10 207.0-212.0 5.0 0.36 90-31 29.0-35.5 6.5 1.29 70.0-81.3 11.3 0.12 130.0-134.0 4.0 0.20 202.5-212.7 10.2 0.29