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Be the first with the news that moves the market- Gold Bull Resources (GBRC) will resume drilling operations at its Sandman Project in Nevada
- The next phase of drilling will consist of a 5,000-metre exploration and resource extension program
- Phase I of the project, a 3,700-metre RC drill program, is complete and assay results are pending
- Gold Bull Resources is a gold-focused mineral exploration company based in Nevada
- Gold Bull Resources Corp. (GBRC) is up 5.26 per cent, trading at $0.50 per share
Gold Bull Resources (GBRC) will resume drilling operations at its Sandman Project with a 5,000-metre exploration and resource extension program.
Phase I of the project, a 3,700-metre RC drill program, is complete and assay results are pending.
The phase I program was designed to improve mineral resource estimates and to test new exploration targets. The same approach will continue in the programs planned for the remainder of 2021.
Cherie Leeden, Gold Bull CEO, commented, “Our exploration team have developed exciting targets at Sandman. We look forward to drilling more exploration during this 5,000-metre program as we acquire and analyze new geochemical and geophysical data.”
“This is just the beginning in terms of our exploration program at Sandman targeting virgin undercover targets,” she added.
Gold mineralization was first discovered at the Sandman Project in 1987 and the project was explored intermittently until Gold Bull purchased the property in December 2020.
There are four known pit-restrained gold resources located within the project, consisting of 21.8 metric tonnes at 0.7 g/t gold for 494,000 ounces of gold. The bulk of historical drilling has been conducted to a depth of less than 100m.
Phase II of the campaign will be split into two 2,500-metre drilling programs, one in the summer and one beginning in the fall.
Gold Bull Resources is a gold-focused mineral exploration company based in Nevada, a top-tier mining district.
Gold Bull Resources Corp. (GBRC) is up 5.26 per cent, trading at $0.50 per share as of 2:14 pm ET.
