The gold property consists of 48 claim units totaling 1,005.15 hectares in four mineral tenures.
Gulfside Minerals plans a summer program of prospecting, sampling and mapping with a view to identify the high-grade zone so they can be trenched, blasted and diamond drilled.
The claims are surrounded on the east and north by Eagle Plains Resources and on the west and south by Teck Resources.
Under the terms of the agreement, in order to acquire a 100% interest in the project, Gulfside must make cash payments totaling $100,000.
The company in addition has agreed to issue a further 400,000 shares upon the property going into commercial production and the option retains a 2% NSR royalty.
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