Gulf Resources Limited (ASX: GLF) recently listed on the ASX and plans immediately to prepare for a drilling campaign on its promising Crystalbrook gold/base metals project in North Queensland.
The Sydney-based company had a market capitalisation of $7.7 million at listing, with 38.5 million shares on issue.
Gulf Resources’ main exploration prospects are across three Australian states and territories. As well as the Crystalbrook project in North Queensland, the Company is targeting gold in the rich Tanami producing region of the Northern Territory and plans to expand the existing Hortons gold deposit in northern New South Wales.
The Company’s tenement package offers a golden opportunity to commit exploration funds in areas of known mineral occurrences that have not been fully exploited through modern advanced exploration techniques.
Gulf Resources also holds an advanced exploration resource delineation project in northern New South Wales which contains a JORC inferred resource of 309,000 tonnes at 3.12 grams per tonne gold for 31,000 ounces.
The Company’s experienced board, management and technical advisory consultants bring together a multi skilled team of professionals with successful track records across the financial, corporate, mining and mineral exploration sectors.