InvestmentPitch Media Video Discusses K9 Gold’s Completion of First Phase Mapping/Sampling at Stony Lake Project in Central Newfoundland and Adds Technical Advisor – Video Available at Investmentpitch.com
- Sandman drilling program progressing as planned and continuing
- Nine holes completed for 1,722 m (5,648 ft) out of a planned total of 4,035 m (13,238 ft)
- First batch of analysis results expected soon, in March
Cherie Leeden, CEO of Gold Bull, said:
The Sandman drill program is progressing very well on the ground. We are eagerly awaiting the results of the analyses. In the meantime, the exploration team is working on surface geochemical and geophysical results from the Windmill target area, as well as recently recovered paper records from historic drilling at the Ten Mile prospect. It’s nice to see gold reaching $1900 in the middle of our drill program.
The current drill program at Sandman began on January 12 and and is proceeding according to plan. A total of nine holes have been completed for 1,722m (5,648ft) out of a planned total of 4,035m (13,238ft), with one additional hole in progress at the time of writing. Holes have been completed at North Hill, including a reconnaissance hole west of the mineral resource estimate, the Midway target area and at Silica Ridge (Figure 1). The platform will move to Abel Knoll after the next break.
No assay results have been received from the current drill program. Analyzes of the first batch of samples submitted to the lab are expected around the second week of March, based on the lab’s past performance.
Figure 1 Sandman Project location plan, with surface projections and mineral resource estimate target areas : https://www.globenewswire.com/NewsRoom/AttachmentNg/cfc4fc03-d761-4baf-97a5-dc0eabf65e53
- Drilling began at Sandman on January 12, 2022 and is expected to continue through the end of March. Samples are submitted to the lab in small batches, which will result in testing being provided to us over several weeks.
- A small drill program at the Big Balds project could follow Sandman, depending on ground and weather conditions
- Laboratory assay results from offset geochemical samples taken from the Windmill target area have been received and are being integrated with CSAMT results to generate new drill targets
- An offset geochemical sampling program was completed on the northern portion of the Midway target area, as well as extensions of Windmill sampling. The results of the analyzes are awaited.
- Paper records of historical drilling at the Ten Mile deposit have been recovered and are being digitized to allow modeling of mineralized intersections, which should lead to the planning of a follow-up/confirmation drilling program. The Ten Mile underground workings contain high-grade gold mineralization (refer to press release “High-grade gold (up to 37g/t) analyzed from Sandman rock chip samples” dated March 16, 2021 )
In December 2020, Gold Bull purchased the Sandman project from Newmont. Gold mineralization was first discovered at Sandman in 1987 by Kennecott and the project has been explored intermittently since then. The Sandman Project comprises four known pit-constrained gold resources, consisting of 21.8 Mt at 0.7 g/t gold for 494,000 ounces of gold; comprising an indicated resource of 18,550 kt at 0.73 g/t gold for 433 koz of gold plus an inferred resource of 3,246 kt at 0.58 g/t gold for 61 koz of gold. Many of the resources remain open in multiple directions and the majority of historical drilling has been completed at depths below 100m. Sandman is conveniently located approximately 25-30 km northwest of the mining town of Winnemucca, Nevada.
Cherie Leeden, B.Sc Applied Geology (Honours), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this press release. Ms. Leeden is the Chief Executive Officer of the Company. Cherie Leeden relied on resource information contained in the Sandman Gold Project Technical Report, prepared by Steven Olsen, a Qualified Person under NI 43-101, who is a Qualified Person as defined by the National Instrument NI 43-101. Mr. Olsen is an independent consultant and has no affiliation with Gold Bull except for an independent consultant/client relationship. Mr. Olsen is a Fellow of the Australian Institute of Geoscientists (AIG) and is the Qualified Person under NI 43-101, Disclosure Standards for Mining Projects.
Appointment of the Secretary General
The Company also announces that Ms. Jennifer Hanson has been appointed to the position of Corporate Secretary. Mr. Gavin Cooper will step down as Corporate Secretary but will remain as Chief Financial Officer.
Ms. Hanson has over 20 years of corporate finance, accounting and regulatory experience across multiple industries. She is currently Corporate Secretary of several public companies listed in Canada.
About Gold Bull Resources Corp.
Gold Bull’s mission is to become a US-focused midstream gold development company by quickly discovering and acquiring additional ounces. The Company’s exploration center is based in Nevada, USA, a premier mining district that contains significant historical production, existing mining infrastructure and an established mining culture. Gold Bull is led by a board of directors and management team with a proven track record of successful exploration and acquisition.
Gold Bull’s main asset is the Sandman project, located in Nevada, which has a 494,000 ounces gold resource according to the 2021 43-101 Resource Estimate. Sandman is located 23 km south of the Sleeper mine and offers excellent large-scale exploration potential. Drilling at Sandman is currently underway.
Gold Bull is guided by its core values and purpose which includes a commitment to safety, communication and transparency, environmental responsibility, community and integrity.
President and CEO, Gold Bull Resources Corp.
For more information about Gold Bull Resources Corp., please visit our website at www.goldbull.ca or email [email protected]
Caution Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “should”, “could”, “might” or “should” happen. Although Gold Bull believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially. of those forward-looking statements. statements. These material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements in the future, to maintain its mining tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic or financial market conditions; inherent risks associated with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, potential for new discoveries , the Company’s ability to obtain the necessary permits and consents required to explore, drill and develop the Projects and, if obtained, to obtain such permits and consents in a timely manner relative to the Company’s plans and business objectives. Company for projects; the Company’s general ability to monetize its mineral resources; and changes in environmental and other laws or regulations that could impact the Company’s business, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the industry mining. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management as of the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.