DEEP VALUE
Located within strongly endowed gold trends
Tight share structure and compelling valuation, Fully funded with zero debt
Undervalued compared to peers
TSX listed & OTC listed, Nevada based Company with 100% local management & 100% property ownership
Value underpinned by 494,000 oz Au resource at Sandman Project
BIG POTENTIAL
&
GOLD BULL RESOURCES
Potential to find another ‘Sleeper’ or ‘Midas’ deposit with million-oz potential
Sandman located 23km (14m) south of the Sleeper Mine, Nevada
Significant exploration upside potential with extensive (117km2 / 45 mi2) consolidated land package
Identified by the geologist who discovered the Sleeper Deposit, John Wood's Workshop (Sept 2021)
Most compelling exploration target is the untested "high-grade feeder zone" (first drill holes in progress)
John Wood, discoverer of the circa 5-million-ounce nearby Sleeper gold deposit:
“The size of the Sandman surface gold anomaly, at least, 15 km in length, and the apparent elevation control of the gold deposits and adularia “cap” rocks are direct indications that a very large gold-bearing hydrothermal system was active at Sandman. At the Sleeper deposit and regionally at other deposits, bonanza grade gold often occurs at the pre-Tertiary contact where gold-bearing fluids depressurize quickly and deposit high-grade gold. This horizon is not well tested at Sandman and offers an opportunity to target bonanza grade structures, essentially feeder zones to the known deposits. The target here is for relatively small but very high-grade structures like the Sleeper vein and at this stage, could reflect multi-million-ounce potential”
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© 2022 Gold Bull Resources
SANDMAN HIGHLIGHTS
Sandman is located in Humboldt County, Nevada, USA. The property lies 23 km south of the successful Sleeper gold mine which historically produced 1.7M oz Au with M&I Resources in excess of ~3M oz Au.²
Mineral Resource Estimate at Sandman increased by 60% in 2021 comprising 21.8Mt @ 0.7g/t gold for 494,000 oz Au
- Indicated Resource of 18,550 kt @ 0.73 g/t gold for 433k ounces Au
- Inferred Resource of 3,246 kt @ 0.58 g/t gold for 61k ounces Au.
Sandman has the potential for near-term production. Preliminary metallurgical leach tests returned an average of 88% extracted (recovered) gold from oxide material with a maximum of 97% extracted gold. (October 14, 2021 News release)
The identification of new high-grade target areas that have never been drilled before are the highest priority for the 2022 drill program. All the previous explorers have drilled near surface oxide zones and we see immense potential going after the rich feeder zones where we believe gold would have been deposited in these structures first beneath the current zone of proven gold mineralization.
Exploration work completed at Sandman to date has resulted in the discovery of four gold deposits. With a strike length of 15km and a nearby multimillion ounce deposit, it stands to reason that a bonanza grade zone exists at similar depths where geophysical surveys have narrowed our drill targets.
TSX-V:GBRC | OTC:GBRCF | FRA:A2V5
For 2022, the drill programs are higher risk and higher reward opportunities at our flagship Sandman property and the maiden drill program at the Big Balds project situated on a structural intersection of the renowned Carlin & Bida Trends in Nevada.
Our focus for Gold Bull’s first year of operations was adding ounces in areas with less risk. One of our highlights was drilling shallow high-grade gold intercepts including 13.7m @ 19.76 g/t Au from 41.1 meters.