Hole CBDD-2 returned 21m @ 248 ppm Cu and 436 ppm Zn from 272m.
May 11, 2007
Gulf Resources agreed to a placement of up to eight million shares at a price of 26 cents per share to raise A$2 million for North Queensland diamond drilling program.
Gulf Resources reported that first pass drilling at Crystalbrook in Queensland, Australia returned polymetallic intersections along a major shear zone while Induced Polarisation survey delineated a potential untested buried intrusive in close proximity.