05:19:40 EDT Tue 26 Sep 2023
Enter Symbol
or Name

Gold Bull Resources Corp
Symbol GBRC
Shares Issued 98,346,867
Close 2023-06-09 C$ 0.065
Recent Sedar Documents

Gold Bull files NI 43-101 technical report for Sandman

2023-06-09 19:53 ET - News Release

Ms. Cherie Leeden reports


In connection with the news release dated April 25, 2023, Gold Bull Resources Corp. has filed a preliminary economic assessment for the Sandman project located in Humboldt county, Nevada, United States.

The PEA dated June 9, 2023, was prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and is available on SEDAR and on the company's website. The previous mineral resource estimate (MRE) was not modified as part of this scoping study. The focus of the study was to conduct a preliminary economic assessment of the known gold resources located above the water table.

The news release dated April 25, 2023, summarizes results from the scoping study, and the company is pleased to report that there were no material differences between the news release and the PEA.

About Sandman

In December, 2020, Gold Bull purchased the Sandman project from Newmont. Gold mineralization 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 21.8 million tonnes at 0.7 gram per tonne gold for 494,000 ounces of gold, comprising an indicated resource of 18.55 million tonnes at 0.73 gram per tonne gold for 433,000 ounces of gold plus an inferred resource of 3,246,000 tonnes at 0.58 g/t gold for 61,000 oz 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 100 m. Sandman is conveniently located circa 25 to 30 kilometres northwest of the mining town of Winnemucca, Nev.

Qualified person

The technical information in this news release has been reviewed and approved by Jerod Eastman, a qualified person under National Instrument 43-101. Mr. Eastman is a registered member (No. 00885850) of the Society for Mining, Metallurgy and Exploration Inc., and is completely independent of Gold Bull Resources Corp. The information in this news release that relates to mining and cost estimation is based on, and fairly reflects, information compiled by Mr. Eastman.

About Gold Bull Resources Corp.

Gold Bull's mission is to expand into a United States-focused mid-tier gold development company through rapidly discovering and acquiring additional ounces. The company's exploration hub is based in Nevada, United States, a top-tier mineral district that contains significant historical production, existing mining infrastructure and an established mining culture. Gold Bull is led by a board and management team with a record of exploration and acquisition success.

Gold Bull is driven by its core values and purpose, which include a commitment to safety, communication and transparency, environmental responsibility, community, and integrity.

We seek Safe Harbor.

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