- Gold Bull Resources (GBRC) gave an update on its mine economic studies and exploration program at its Sandman Project in Humboldt County, Nevada
- An optimized Sandman preliminary economic assessment is underway, targeting more than 35,000 ounces of gold per annum operation over the 10-year mine life
- In 2023, the geology team will focus its exploration program in search of a new “greenfield” gold discovery within the large Sandman land package
- Gold Bull Resources Corp. (GBRC) opened trading at C$0.08 per share
Gold Bull Resources (GBRC) provided an update on its mine economic studies and exploration program at its Sandman Project in Humboldt County, Nevada.
An optimized Sandman preliminary economic assessment (PEA) is underway, targeting more than 35,000 ounces of gold per annum operation over 10-year mine life.
The exploration work program focused on new sleeper-style discoveries via low-cost exploration. Last year, the geology team was focused on “brownfield” drilling around previously identified gold resources. In 2023, the geology team will focus its exploration program in search of a new “greenfield” gold discovery within the large Sandman land package.
Source: Gold Bull Resources Corp.
Gold Bull’s CEO, Cherie Leeden, stated the Phase 1 PEA illustrated that Sandman represents a low-cost near-term mine scenario in the tier 1 mining jurisdiction of Nevada.
“Our Phase 1 PEA only examined the oxide gold located above the water table to investigate what an accelerated small-scale development scenario could deliver. Now we are analyzing the life of mine study, including the other half of the gold resource lying below the water table. I expect this will positively change the proposed initial operation economics, taking it from an initial 5-year mine life to a 10-year mine life, based on our existing gold resources, several of which remain open.”
There is limited drilling along the North-West and North Trends at Sandman. These trends are mineralized with existing deposits.
Gold Bull Resources Corp is a gold-focused mineral exploration company whose mission is to grow into a U.S.-focused mid-tier gold development company via rapidly discovering and acquiring additional ounces.
Gold Bull Resources Corp. (GBRC) opened trading at C$0.08 per share.