HIGHLIGHTS & UPDATE:
- 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
- 97.5m at 2.23g/t Au from 96m
- Gold mineralization remains open at depth
- Mineralization appears almost entirely oxidized
- Drilling at Sandman is ongoing – more assay results expected soon
Gold Bull CEO,
This is a sensational result and is an outstanding start to our first drill program at Sandman! The mineralization intersected in SA0001 extended further down-hole than predicted by the current resource model, which had assumed that the diatreme breccia was narrowing. The high-grade zone of 6.1 m @ 10.75 g/t is located toward the center of the diatreme body and has not been closed off by drilling at depth.
Background
Gold mineralization at Abel Knoll is hosted within a near-vertically plunging polylithic diatreme breccia body composed of vesicular to aphanitic andesite, basement phyllites and quartzites, tuffaceous wall rocks, and trace Mesozoic granodiorite within an ash and crystal fragment matrix. The Abel Knoll geology is unlike any of the other mineral resources located within the project.
Drill hole SA0001 was designed to determine the extent of the Abel Knoll mineralized 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.
Figure 1.
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Figure 2.
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Hole SA0001 intersected the diatreme breccia from 67.1 m to 187.5 m down-hole before passing into Triassic phyllite country rock to end of hole. A mineralized interval of 144.8 m @ 1.67 g/t Au from 65.5 m down-hole corresponds to the diatreme breccia and zones of mineralized basalt and phyllite at the margins. This zone includes 97.5m @ 2.23g/t Au from 96m (using 1 g/t Au cut-off), which includes 6.1m @ 10.75g/t Au from 143.3m (using 5 g/t Au cut-off). The diatreme breccia intersected by this hole consists almost entirely of oxide material, with some narrow zones of transition and sulphide material.
Additional drilling is warranted at Abel Knoll to further investigate these high-grade results and to close off the resource.
From (m) | To (m) | Gold ppm (Au g/t) |
65.5 | 210.3 | 1.67* (using 0.2 g/t Au cut-off) including: |
96 | 193.55 | 2.23* (using 1 g/t Au cut-off) |
143.25 | 149.35 | 10.75 (using 5 g/t Au cut-off) |
Table 1 Significant Intercept summary of drill hole SA0001
* Drill hole intersection includes a 4.6m interval (123.4m to 128.0m) where the hole intersected a void and no sample was recovered therefore zero (0) g/t Au was used for that interval.
Hole No | Depth | Easting | Northing | Elevation | Coordinate System | Azimuth Collar | Dip Collar |
SA-0001 | 228.6 | 420233 | 4537634 | 1355 | NAD_1983_UTM_Zone_11N | 7.49 | -61.39 |
Table 2 Drill hole details of SA0001
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The Company invites you to join an interactive webinar to learn more about these results with Gold Bull’s CEO
Figure 3. General location of Hole SA0001 in relation to the
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About Sandman
In
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Quality Assurance – Quality Control
Drilling was completed using Reverse Circulation (RC) drilling utilizing double wall drill pipe, interchange hammer and 4¾ inch hammer bits to drill and sample the rock formation. Samples were taken over 5 foot intervals (1.52m) and were collected after separation of the sample using a rotary splitter situated at the base of the cyclone. A small portion of the rock chips for each 5 foot interval was placed into chip trays for record keeping and geological logging. The samples bagged at the rig were taken to
Samples are submitted to American Assay Laboratories’ analytical facility in
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
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President and CEO,
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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
Abel Knoll drill hole summary, including recent hole SA0001
Figure 2
Abel Knoll current resource lithology polygon (in purple)
Figure 3
General location of Hole SA0001 in relation to the Sandman Property and Abel Knoll Project
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