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Gold Bull Resources Corp. (GBRC.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.5000+0.0400 (+8.70%)
At close: 3:54PM EST
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Previous Close0.4600
Open0.4800
Bid0.4900 x N/A
Ask0.5000 x N/A
Day's Range0.4650 - 0.5100
52 Week Range0.4650 - 0.5100
Volume283,541
Avg. VolumeN/A
Market Cap33.533M
Beta (5Y Monthly)1.66
PE Ratio (TTM)N/A
EPS (TTM)-0.0400
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • CEO End of Year Address
    GlobeNewswire

    CEO End of Year Address

    VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Gold Bull Resources Corp. (TSX-V: GBRC) (“Gold Bull” or the “Company”) is pleased to announce its CEO’s end of year address: Gold Bull was born in August of 2020 and has come a long way since then, with the support of new and old shareholders and team members. Gold Bull has over the past six months established itself as a major new presence in gold exploration in the United States off the back of a new vision and three gold project acquisitions located in Nevada and Utah, USA.I am proud to summarize that in the last few months, Gold Bull has successfully: * Established a Company culture that is driven by a commitment to our values * Assembled a world class exploration and development Board and Management team * Raised CDN$13.8 million via an oversubscribed placement * Acquired the Sandman Project, NV * Acquired the Big Balds Project, NV * Acquired the Coyote Project, UTThe Sandman acquisition from Newmont, includes an existing NI43-101 resource of 309,900 ounces of gold (271,900 oz Au in Measured & Indicated category plus an Inferred Resource of 38,000 oz as per 2007, NI43-101 Resource Estimate – please refer to www.goldbull.ca for more details). This gold resource underpins our current valuation and exposes our shareholders to immense exploration upside potential in 2021. Since the 2007 resource estimate was conducted at Sandman, millions of dollars of additional drilling has been completed by Newmont. Gold Bull has commissioned an updated resource estimate to incorporate the additional drilling, which is anticipated to be finished in late January. Sandman is located in a very fertile geological setting along a major gold trend in Nevada. Due to sand cover obscuring the geology, much of the project remains undrilled despite numerous compelling targets. Gold Bull is in the process of transferring the Bond and associated Permits from Newmont’s name to Gold Bull’s name. There are no claw-backs or free carried interests on the asset, Gold Bull purchased 100% of Sandman from Newmont, in cash.Gold Bull has defined new drill targets via a 3D IP Geophysical survey that was recently completed at our North Hill prospect within Sandman. This geophysical method is proving highly effective at identifying known gold mineralisation, therefore we have great hopes for utilizing it more broadly in our exploration campaigns that are coming up. RC drilling at Sandman is anticipated to commence as soon as the permit transfers have been completed, in Q1 2021.Most of our funds are destined to be spent at Sandman in the pursuit of more ounces and discoveries, however we also have two very compelling 100% owned exploration assets, Big Balds and Coyote Projects that represent near drill ready gold-silver targets. Our Geologists confirmed 12g/t Au + 5570g/t Ag from a recent rock chip sample taken at Coyote, these are high grades that our Company will investigate further via a drill program in 2021.Gold Bull remains hungry for additional acquisitions motivated by our goal to grow into a mid-tier US focussed gold development Company. If we can acquire ounces cheaper than we can define them, then we believe that represents excellent value with little risk for our shareholders. Given the recent global pandemic and associated stimulus packages, our Board is bullish on the gold price and we intend to rapidly grow our ounces via a combination of additional acquisitions and exploration success.Gold Bull’s operating culture is driven by its core values and philosophy: 1. Safety - the health and safety of our employees, contractors and the public is of the utmost importance 2. Teamwork – we work together with colleagues, stakeholders, governments and communities 3. Respect – we recognise, respect and foster diversity 4. Integrity – we do what is right, not what is easiest, driven by our ethics, transparency and moral compass 5. Growth – superior performance and perpetual learning are in our core 6. Environment – we all share one world, and protecting our planet is always on our mind 7. Communities – we aim to make a positive impact on lives, especially those near our projects We highly value the efforts of our team, consultants and stakeholders, especially in these trying COVID times. Finally, I would like to acknowledge our shareholders, both old and new, for your support. We are looking forward to our exploration plans in 2021 and to keeping you well informed of our progress along the way. For regular updates, please feel free to follow us on social media via the links below:Instagram: www.instagram.com/goldbullresourcesFacebook: www.facebook.com/GoldBullResourcesTwitter: www.twitter.com/GoldBullGBRCLinkedIn: www.linkedin.com/company/gold-bull-resourcesCherie Leeden President and CEO, Gold Bull Resources Corp.About Gold Bull Resources Corp.Gold Bull is led by a Board and Management team with a track record of exploration success. Gold Bull’s objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources.For further information regarding Gold Bull Resources Corp., please visit our website at www.goldbull.ca or email admin@goldbull.ca.Qualified PersonCherie Leeden, B.Sc Applied Geology (Honours), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the Company’s Chief Executive Officer. Cherie Leeden relied on information contained within the Technical Report on the Sandman Gold Project, prepared by Mine Development Associates for NewWest Gold Corporation, dated May 31, 2007. Authored by Michael M Gustin, R.P. Geo. and James Ashton, both Qualified Persons as qualified by the National Instrument NI 43-101.Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.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.

  • 3D IP Survey defines new drill targets at Sandman
    GlobeNewswire

    3D IP Survey defines new drill targets at Sandman

    Figure 1 3D IP resistivity cross section from North Hill Target, line 4548510N. Figure 2 3D IP resistivity section from North Hill Target, line 4548610N. Figure 3 Cross section through the North Hill occurrence showing geology, gold mineral envelopes (pink and red) and existing drilling (black lines) Figure 4 Plan geology map of the Sandman Project area with known prospects and targets labelled Figure 5 Regional location map of Sandman Project Figure 6 Gold Bull team inspecting the drill targets at North Hill (December 2020)VANCOUVER, British Columbia, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Gold Bull Resources Corp. (TSX-V: GBRC) (“Gold Bull” or the “Company”) is pleased to announce it has completed a maiden 3D IP/resistivity geophysical survey at Sandman and has received encouraging initial results. The IP survey focussed at the North Hill Prospect. HIGHLIGHTS: * Numerous gold exploration drill targets have been identified from a recent 3D IP survey * Drill program planned to commence in Q1 2021 – bond and permit transfers underway * Sandman is considered prospective for two styles of gold mineralisation: * High grade sulphide mineralisation “feeder zones” * Oxide gold mineralisation (near surface) * Updated NI43-101 resource estimate is underway and is anticipated in late January 2021Gold Bull CEO, Cherie Leeden commented:This IP data is a sensational end to Gold Bull’s first year. The 3D IP survey at our North Hill Target has illustrated that there is a strong correlation between the known mineralisation and this geophysical technique. This means we will be using 3D IP in the future to define more drill targets. North Hill currently boasts a small gold resource however the source of that gold and the deeper (>150m) targets have never been drill tested, despite some highly encouraging oxide intercepts such as 7.75g/t over 3.96m from 7m from the surface. Our Exploration team is looking forward to drilling these targets and others as soon as the permits have been transferred from Newmont’s name to ours. 2021 is going to be an exciting year for Gold Bull.3D IP results – North Hill TargetIn the cross sections on page 2 (Figure 1 and Figure 2), 1 g/t Au contours (in yellow polygon) estimated from existing drill hole assays are overlaid on cross-section images extracted from the 3D resistivity model (high resistivity corresponds to warm colors, low resistivity to cold colors). The zones of gold mineralization roughly correspond to high resistivity values (red shaded areas) in the geophysical model. Rocks observed in drill cuttings and outcrop containing gold mineralization at North Hill contain abundant hydrothermal silicate minerals, which are known to impart high electrical resistivity. This observation provides encouragement that we may target similar geophysical responses for drilling both within the current survey area and elsewhere in the Sandman property. Another interesting feature of the resistivity cross sections is the interpreted basement high located beneath the known gold mineralization. The faults bounding this feature may have acted as conduits for mineralizing fluids that formed the North Hill deposit and are attractive targets for exploration drilling.Figure 1. 3D IP resistivity cross section from North Hill Target, line 4548510N.https://www.globenewswire.com/NewsRoom/AttachmentNg/741bd4f9-05df-4de7-8837-1979e4dfc379Figure 2. 3D IP resistivity section from North Hill Target, line 4548610N.https://www.globenewswire.com/NewsRoom/AttachmentNg/ed3d588b-28d2-47a4-a2c8-19045dd69121North Hill TargetThe North Hill target has been characterized as an oxidized, low-sulfidation, epithermal gold occurrence that extends 550m long, 430m wide. Mineralization at North Hill is controlled by a combination of low-angle contacts between the various basalt flows and the interbedded fluvial conglomerates and tuffaceous rocks. Previous drilling intersected oxide gold mineralization stating at a depth of less than 60m and high-grade intercepts at North Hill include:Drill Hole NoFrom-mTo-mg/t Auinterval NSM-182156.4093.901.5437.49m NSM-182156.4058.408.831.98m NSM-18417.0011.007.753.96m NSM-185112.7039.801.2727.10m NSM-185131.6038.503.116.83m Table 1. Selection of North Hill historical drilling intersectionNumerous exploration targets remain untested and there has been virtually no deep drilling.Figure 3. Cross section through the North Hill occurrence showing geology, gold mineral envelopes (pink and red) and existing drilling (black lines)https://www.globenewswire.com/NewsRoom/AttachmentNg/8eb427c7-38fb-4f9a-acde-1caa6d3b23cf1NEW DRILL PROGRAM TARGETING SANDMAN/S FOURTH GOLD DEPOSIT RETURNS MULTIPLE INTERVALS OF NEAR-SURFACE GOLD, OCTOBER 13, 2010; FRONTEER GOLD, NEWS RELEASE 10-33Figure 4. Plan geology map of the Sandman Project area with known prospects and targets labelledhttps://www.globenewswire.com/NewsRoom/AttachmentNg/a8cf65b5-3436-46e6-aca8-e76b7866d42aFigure 5. Regional location map of Sandman Projecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/f1cca2fa-3f19-4677-aa2f-10f20695194aNorth Hill 3D IP/resistivity survey detailsGold Bull engaged Dias Geophysical (“Dias”) to survey an area measuring approximately 780 m x 1140 m encompassing the North Hill gold resource within the Sandman Gold Project, located near Winnemucca, Nevada, USA. The survey was completed in November and initial 3D inverse modeling results were recently received from Dias. The inverse model is an estimate of the three dimensional distribution of electrical properties (resistivity and chargeability) in a volume of rock beneath the survey area mathematically derived from the geophysical measurements. This model can be used to interpret the distribution of hydrothermal alteration potentially associated with gold mineralization, which often introduces silicate minerals (e.g. quartz, adularia) that locally increase the electrical resistivity of rocks by reducing porosity, and iron sulphide minerals that increase electrical chargeability. The model can also be used to interpret geological structure, such as uplift of electrically resistive basement rocks with lower porosity than the overlying sedimentary and volcanic rocks.Figure 6. Gold Bull team inspecting the drill targets at North Hill (December 2020)https://www.globenewswire.com/NewsRoom/AttachmentNg/6c3d5948-3f42-41a0-a215-70b0554f02f1Qualified PersonCherie Leeden, B.Sc Applied Geology (Honours), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the Company’s Chief Executive Officer. Cherie Leeden relied on information contained within the Technical Report on the Sandman Gold Project, prepared by Mine Development Associates for NewWest Gold Corporation, dated May 31, 2007. Authored by Michael M Gustin, R.P. Geo. And James Ashton, both Qualified Persons as qualified by the National Instrument NI 43-101.About Gold Bull Resources Corp.Gold Bull is led by a Board and Management team with a track record of exploration success. Gold Bull’s objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources.Cherie Leeden President and CEO, Gold Bull Resources Corp.For further information regarding Gold Bull Resources Corp., please visit our website at www.goldbull.ca or email admin@goldbull.ca.Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.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.

  • Gold Bull completes Coyote project acquisition
    GlobeNewswire

    Gold Bull completes Coyote project acquisition

    VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Gold Bull Resources Corp. (TSX-V: GBRC) (“Gold Bull” or the “Company”) is pleased to announce it has completed the Coyote Project (“Coyote”) acquisition. Coyote is located in Western Utah, USA and has been purchased for an annual payment of USD$50,000 which upon production converts to a 3% net smelter royalty (1% of the NSR may be purchased for $1M for up to 2%). Coyote represents an early-stage gold and silver exploration project. The Company intends to commence on the ground exploration in January 2021 and will plan its maiden drill program after on the ground work consisting of geological mapping, soil sampling and ground geophysics has been completed.Gold Bull CEO, Cherie Leeden commented:> Coyote is a super exciting early-stage exploration asset. As previously announced, our Geologist confirmed a sample of up to 12g/t gold and over 5000 g/t silver. The project has received limited previous systematic exploration and we look forward to exploring for the source of that very high grade mineralization.For additional information please refer to the announcements: * September 16, titled ‘Gold Bull Executes LOI to Acquire Coyote Mine Project, Utah’ * October 16, 2020, titled ‘12.25 g/t Gold and 5,570 g/t Silver in Rick Sample Results on Coyote Property’Qualified PersonCherie Leeden, B.Sc Applied Geology (Honours), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the Company’s Chief Executive Officer. Cherie Leeden relied on information contained within the Technical Report on the Sandman Gold Project, prepared by Mine Development Associates for NewWest Gold Corporation, dated May 31, 2007. Authored by Michael M Gustin, R.P. Geo. And James Ashton, both Qualified Persons as qualified by the National Instrument NI 43-101.About Gold Bull Resources Corp.Gold Bull is led by a Board and Management team with a track record of exploration success. Gold Bull’s objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources.Cherie Leeden President and CEO, Gold Bull Resources Corp.For further information regarding Gold Bull Resources Corp., please visit our website at www.goldbull.ca or email admin@goldbull.ca.Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.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.