Mike Fagan,
Editor
July 28, 2021
Gold Bull Resources (TSX-V: GBRC)(OTC: GBRCF) — currently trading around C$0.30 per share — has released assays from a resource extension drill hole at its flagship Sandman Gold Project, Nevada, indicating the potential to expand the known resource.
Hole 31 was drilled outside of the Abel Knoll target and intersected 90 meters of 0.6 grams per tonne gold with mineralization remaining open in multiple directions.
Below you can see the Sandman claims with the Able Knoll resource situated toward the south end of the project.
Gold Bull CEO, Cherie Leeden — whom you’ll be hearing directly from in a moment — commented via press release:
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“Abel Knoll comprises both diatreme breccia hosted mineralization, which we drilled earlier this year with hole SA-0001, and strata-bound mineralization within the Tertiary and basement Triassic rocks. The results from SA-0031 are exciting because they demonstrate that the strata-bound mineralization is open to the south and occurs over significant widths, with potential for more high-grade gold. We drilled two additional holes closer to the existing Mineral Resource Estimate and eagerly await assay results. Results such as this hole, located outside the known resource provide confidence that our Sandman Resource has room to grow!”
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The drilling is part of a Phase-2, 5,000-meter RC program of which twelve holes have been completed with several assays pending. Upon completion, the Gold Bull team will work toward a resource upgrade for Sandman once all of the assay data has been collected and analyzed.
What we have here is a well-run and well-structured junior exploration firm that’s systematically vectoring in on the continuity and grade of mineralization at Sandman via some very high-grade hits within a broader zone of lower-grade material.
With plenty more drilling left to go in 2H 2021, Gold Bull may be on the cusp of delineating a viable precious metals deposit in the hotbed of US gold production — Nevada.
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Our own Gerardo Del Real of Junior Resource Monthly caught up with Gold Bull CEO, Cherie Leeden, to go over the latest assays and drill plans for the remainder of the year. CLICK HERE TO LISTEN. Transcript is also available.
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Yours in profits,
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.