September 16, 2021
Gold Bull Resources Corp. (TSXV:GBRC, Not Rated, Timothy Lee) provided an exploration update from its 100%-owned Sandman Au project in Nevada. After digitizing historical geochemical data, Gold Bull identified anomalous Au and pathfinder elements along a prospective structural corridor, leading to the definition of several new high-priority targets, located adjacent to known Au deposits, that have never been drilled. A CSAMT survey is scheduled over the coming weeks that is planned to cover a target east of the Silica Ridge deposit, with drilling anticipated for Q4/21. The drill program is expected to include deeper drilling of targets below historical drilling and the resource area, testing potential high-grade feeder zones up to 400m deep. As described previously (read more), Sandman hosts 494k oz Au in four deposits, and we believe the project is endowed with significant upside potential. Further, the company has engaged Mr. John Wood as an advisor – a seasoned geologist who played an instrumental role in the discovery of the nearby 5M oz Sleeper deposit. Sleeper shares several geological characteristics to Sandman, and, in our view, Mr. Wood’s experience with the delineation of the former could prove invaluable for the company as it aims to make a similar, high-grade discovery. Read more
