Sandman Project First Hole Drilled In 2021

VANCOUVER - Gold Bull Resources Corp. reported assay results for the first hole drilled in 2021 at its 100% owned Sandman Project located in Humboldt County, Nevada. The Company has commenced a Phase 1 Reverse Circulation (RC) drill program 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 mineralized diatreme breccia in the vicinity of a historic drill hole that ended in high grade gold mineralization (AK06-023 ended in 9.6 g/t gold).

CEO, Cherie Leeden, said, “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.”

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.

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.