- Gold Bull (GBRC) 3D modelling yields new drill targets at Sandman
- Gold Bull’s planned Phase 1 program consists of 18 holes totalling 4,100 metres of drilling
- Laboratory assay results for the surface lag samples at Windmill area are pending
- The 2021 drill program results and gold grade distribution studies incorporating historic data assisted in the definition of new high-grade gold targets
- Recent ground geophysical and geochemical work has defined two new prospects of interest, Windmill and Midway
- Gold Bull Resources Corp. (GBRC) is up 9.09 per cent, trading at C$0.30 at 11:23 am EST
Gold Bull Resources (GBRC) has announced plans to drill on its Sandman Project in Humboldt County, Nevada.
High-grade bonanza style drill targets are planned for North Hill, Silica Ridge and Abel Knoll.
The Phase 1 program will consist of 18 holes for 4,100 metres of drilling to commence in mid-January 2022.
The ground geophysics (CSAMT) survey is now complete and assay results for the surface lag samples at the Windmill area are pending.
Gold Bull CEO, Cherie Leeden commented,
“The higher-grade targets are located close to the Tertiary and Pre-Tertiary basement contact where high-grade ore shoots are believed to be the source of the near-surface gold mineralization.”
“These steeply dipping structures project down to deeper untested levels. We are essentially testing the interface above basement rocks where gold is most likely to have dropped out where the fluid pressure-temperature drop is greatest in more porous host rocks,” added Leeden.
Gold Bull’s 2021 drill program results and gold grade distribution studies incorporating historic data assisted in the definition of new high-grade gold targets at North Hill, Silica Ridge and Abel Knoll.
This contrasts with the approach of previous explorers, who focussed on drilling favourable host lithologies within the Tertiary stratigraphic sequence near-surface, targeting lower grade bulk tonnage.
The spatial distribution of high-grade gold zones appears to be influenced by steeply dipping structures that cut the stratigraphic sequence and extend at depth beneath existing resources.
The drill holes are testing potential extensions of gold deposits beneath the resource at the interface of the Tertiary volcanic sequence with underlying Triassic basement rocks.
Based on other known Nevadan gold deposits, it is hypothesized this interface may host high-grade gold shoots at the fluid pressure-temperature drop as fluids passed from tight basement rocks to more porous Tertiary volcanic sequences.
Further new deposit drill targets are being developed from recently acquired CSAMT and lag geochemical sample data and will be revised after the completion of the current 18x hole drill program.
Recent ground geophysical and geochemical work has defined two new prospects of interest, Windmill and Midway.
Gold Bull Resources Corp. (GBRC) is up 9.09 per cent, trading at C$0.30 at 11:23 am EST.
