Drilling & Hitting Gold in Nevada as Open Pit Mining Scenario Strengthens

Gold Bull Resources (TSX-V: GBRC)(OTC: GBRCF) — currently trading around C$0.30 per share — has announced that assay results from its ongoing Phase-2 drill program at the flagship Sandman Gold Project, Nevada, indicate the potential for gold resource expansion in and around the Silica Ridge and North Hill deposits that may prove amenable to open pit mining. 

Gold Bull CEO, Cherie Leeden — whom you’ll be hearing more from in just a second — commented via press release

“The gold intersection in SA-0024 appears to represent a mineralized block of the same rocks that host gold at Silica Ridge that has been downthrown to the west by faulting and consequently has not been tested by previous drilling. The rocks in this area are tilted to the east so we expect to intersect the same receptive rocks – hopefully also mineralized - closer to surface west of the location of this hole. This result opens a new prospective area for exploration close to the Silica Ridge deposit and informs our planned drill program to the north in the Midway, an underexplored area between North Hill & Silica ridge. The SA-0027 intersection at North Hill confirms that the flat-lying gold mineralization remains open to the east and is close to surface, well within range of a possible open pit. The area east of North Hill has received little historic drilling and we have two holes planned to test for extensions to the deposit later this year when the RC rig returns.”

The current program is focused on both resource expansion drilling (~70%) and greenfield exploration drilling (~30%). Additional assays are due within the coming few weeks, and, indeed, some of that will be from those higher-risk yet higher potential reward greenfield targets as identified through geophysics. 

Upon completion of the current 5,000-meter program, the Gold Bull team will work toward a resource upgrade for Sandman once all of the assay data has been collected and analyzed. And that means there should be quite a lot of news flow coming out of the Gold Bull camp in the coming weeks and months. 

Our own Gerardo Del Real of Junior Resource Monthly caught up with Gold Bull CEO, Cherie Leeden, to go over the current drilling and the forthcoming resource upgrade for Sandman. CLICK HERE TO LISTEN. Transcript is also available. 

Enjoy! Be sure to also click here for our feature report on Gold Bull Resources. 

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.


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