Hits 144.8m At 1.67g/t Gold In Nevada
Gold Bull Resources Corp. (TSXV: GBRC) has received significant assay results for the first hole drilled in 2021 at its 100% owned Sandman Project located in Humboldt County, Nevada, USA.
The company has commenced a Phase 1 Reverse Circulation (RC) drill programme consisting of 3000m for 17 drill holes.
Hole SA0001 at the Abel Knoll resource was designed to test the depth extension, width and grade of the mineralised diatreme breccia in the vicinity of a historic drill hole that ended in high grade gold mineralisation (AK06-023 ended in 9.6 g/t gold).
Drill hole SA0001 intersected 144.8m at 1.67g/t Au from 65.5m including 6.1m at 10.75g/t Au from 143.3m and 97.5m at 2.23g/t Au from 96m.
CEO, Cherie Leeden, said gold mineralisation remains open at depth, with the mineralisation appearing to be almost entirely oxidised.
“This is a sensational result and is an outstanding start to our first drill program at Sandman! The mineralisation intersected in SA0001 extended further down-hole than predicted by the current resource model, which had assumed that the diatreme breccia was narrowing,” Ms Leeden said.
“The high-grade zone of 6.1 m @ 10.75 g/t is located toward the centre of the diatreme body and has not been closed off by drilling at depth.”
Drill hole SA0001 was designed to determine the extent of the Abel Knoll mineralised diatreme breccia body in the vicinity of historic hole AK06-0023, which ended at 198 m (650 ft) in material grading 9.6 g/t Au. This hole (AK06-0023) had been drilled down the plunge of a high-grade zone, so SA0001 was intended to sample a more representative cross-section of the entire width of the breccia body.
In December 2020, Gold Bull purchased the Sandman Project from Newmont. Gold mineralisation was first discovered at Sandman in 1987 by Kennecott and the project has been intermittently explored since then.
There are four known pit constrained gold resources located within the Sandman Project, consisting of 21.8Mt @ 0.7g/t gold for 494,000 ounces of gold; comprising of an Indicated Resource of 18,550kt @ 0.73g/t gold for 433kozs of gold plus an Inferred Resource of 3,246kt @ 0.58g/t gold for 61kozs of gold.
Several of the resources remain open in multiple directions and the bulk of the historical drilling has been conducted to a depth of less than 100m. Sandman is conveniently located circa 25-30 km northwest of the mining town of Winnemucca, Nevada.
