HIGHLIGHTS & UPDATE:
- 3779m Phase 1 RC drill program successfully completed: lab re-assays still in process
- Phase 2 5000m RC drill program will commence this week
- The holes in the next program are split approximately 70:30 between exploration and resource extension drilling
Gold Bull CEO,
Our exploration team have developed exciting targets at Sandman. We look forward to drilling more exploration during this 5000m program, as we acquire and analyze new geochemical and geophysical data. The compilation of historic multi-element geochemical data from about 25,000 drill hole samples spread across the project area, never before available as a single digital dataset, is expected to result in more robust exploration targets. This is just the beginning in terms of our exploration program at Sandman targeting virgin undercover targets.
Background
Gold Bull drilled a 3679 m program of reverse circulation (RC) holes at the
Figure 1. Gold Bull drill hole summary (completed holes in yellow and proposed holes in orange):
https://www.globenewswire.com/NewsRoom/AttachmentNg/49766f6e-b973-42d3-9340-a549e625a845
About Sandman
In
Qualified Person
About
Gold Bull’s mission is to grow into a US focused mid-tier gold development Company via rapidly discovering and acquiring additional ounces. The Company’s exploration hub is based in
Gold Bull’s core asset is the
Gold Bull is driven by its core values and purpose which includes a commitment to safety, communication & transparency, environmental responsibility, community, and integrity.
President and CEO,
For further information regarding
Cautionary Note Regarding Forward-Looking Statements
Neither the
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Gold Bull believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Figure 1
Gold Bull drill hole summary (completed holes in yellow and proposed holes in orange).
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