Visible Gold Encountered in Nevada with Assays On the Way

by Mike Fagan

Mike Fagan


 

Gold Bull Resources (TSX-V: GBRC)(OTC: GBRCF) — currently trading around C$0.45 per share — reports occurrences of visible gold in RC drill chips from multiple holes at the North Hill target area of its flagship Sandman Gold Project, Nevada.

The holes were drilled approximately 70 meters outside of the current Mineral Resource Estimate envelope at North Hill.

The company has now completed its phase-one 3,000 meter drill program at Sandman with assays due later this month. Results to-date have been positive with recent highlight intercepts of:

  • 10.95 grams per tonne (g/t) gold over 13.7 meters at the North Hill target
     
  • 1.67 g/t gold over 144.8 meters including shorter, higher-grade intervals of 2.23 g/t gold over 97.5 meters and 10.75 g/t gold over 6.1 meters at the Abel Knoll target

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

“Extending the shallow oxide gold Mineral Resource Estimate (MRE) at North Hill was the target of these recently drilled holes. Observing visible gold in chips from the new target area which is located more than 70 meters outside of the current MRE is very encouraging. We eagerly await assays from SA-0016 and SA-0018, as well as the other holes testing this prospective zone. It is very rare to see visible gold in RC chips!”


Gold Bull acquired the Sandman project in-full last year from industry-leader Newmont Corp. (NYSE: NEM) and has systematically increased the Mineral Resource Estimate from 309,000 to 494,000 gold ounces.
 

                                      

Importantly, several of the resource areas at Sandman remain open in multiple directions; phase-two drilling will follow up on phase-one results and is scheduled for approximately 5,000 meters.

The company also announced an uplisting from the OTC Pink Sheets to the OTCQB under the new trading symbol GBRCF — an important milestone that will increase visibility in the company’s shares to a broad base of US investors going forward.

Our own Gerardo Del Real of Junior Resource Monthly sat down with CEO, Cherie Leeden, for a discussion on all-things Gold Bull including an update on M&A activities as the company builds toward its stated objective of attaining a resource inventory of 5 million gold ounces by year-end. You can listen to that interview here.

You can access our feature report on Gold Bull Resources here.

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.