re: Ann: GLM acquires highly prospective Brae... The acquisition...

re: Ann: GLM acquires highly prospective Brae... The acquisition of this new gold project is a significant step forward for gulf at a critical time . Nearology is an interesting concept and shareholders have heard it all before but looking at HNR 21c . Their most significant
mineralisation table indicates gold grades

8m @ 5.09gt
5m @ 32gt
3.5m @ 11.6gt
3m @ 17.69gt
Mkt Cap = 22.3

and from reading the last few announcements they have planned a further 20rcvhole program . Most of the gold seems to be at an average depth of 100 - 120m and the company believes that this prospect has continued potential
to host significant narrow high grade gold mineralisation.

Gulfs new acquisition is located very close to the Hanans Reward and Pacrim tenements but at this point in time it would appear that Hanans reward are quite further ahead
in terms of geological analysis , airborne surveys and drilling campaigns, Gulf still has a lot of work to do to assess the economic potential and gather geological data so they can put together drilling targets and develop
a conceptual mineralisation model . perhaps they might be on the same reef extension and have geological similarities but it would appear that much more work is required . perhaps the 225k raised will be put into the ground, hopefully the results are ok .