- Gold Bull Resources Corp. (GBRC) intersects significant gold mineralization at its Sandman Project in Nevada
- The mineralization provided further encouragement to extend the drill program
- The company is fully funded to complete the extension to 5,000 metres
- The program is targeting untested structures for high-grade gold
- Gold Bull Resources Corp. (GBRC) is down 8.57 per cent and is trading at $0.16 per share as of 1:51 p.m. ET
Gold Bull Resources Corp. (GBRC) intersects significant gold mineralization at its Sandman Project in Nevada and is now extending its program.
The mineralization found demonstrates the quality of width and grade at Sandman and has provided further encouragement to extend the drill program from 4,000 metres to 5,000 metres while the drill rig is onsite. The company is fully funded to complete the extended drill program at Sandman.
The 2022 phase 1 drill program is progressing well with 15.5 holes completed for 3,038 metres and 5.5 holes for remaining stretch. The program is targeting certain structures for high-grade gold which have not previously been explored.
Two different gold deposit styles occur at Sandman. Gold Bull is targeting both broad near surface low grade oxide gold, and narrow high-grade gold “feeder” mineralization. Final drill results will feed into a Scoping Study to investigate economics of known gold resources
Gold Bull Founder and CEO, Cherie Leeden, commented,
“The significant drill intersection of 52 metres of 1.12 grams per tonne oxidized ore from 23 metres below the surface further enhances our confidence in the open pit resource potential at Silica Ridge…. The down dip structures being targeted, including the spectacular high-grade interval of 13 grams per ton of gold, over a 1.5-meter mineralized structure, provides confidence in our geological understanding to progress additional targets.”
Gold Bull Resources Corp. (GBRC) is down 8.57 per cent and is trading at $0.16 per share as of 1:51 p.m. ET.