Gold Bull Resources Corp. reported that drilling intercepts at the North Hill deposit have confirmed the continuity of an internal high-grade zone and extended the known shallow mineralization to the east, and hole SA-0049 at Abel Knoll has confirmed continuity of an eastern extension to the Mineral Resource Estimate. Highlights & Update: North Hill SA-0037: 32 m at 1.31 g/t gold (Au) from 42.7 m, including 1.5 m at 9.34 g/t Au.

North Hill SA-0039: resource extended by about 80m to the east. All mineralization at North Hill is oxidized, and the resource remains open at depth. Abel Knoll mineralization intersected outside of Mineral Resource and remains open 3450 m (11315 ft) for 17 holes completed during current program with 1550 m (5090 ft) remaining for 5 holes More assay results expected soon, and drilling continues onsite at Sandman.

Recent Hole SA-0037 returned 32 m (105 ft) at 1.31 g/t Au from 42.7 m (140 ft), including 1.5 m (5 ft) at 9.34 g/t Au from 59.4 m (195 ft), confirming the continuity of a high-grade zone defined within the Mineral Resource Estimate by earlier drilling (refer to press release “Gold Bull drills several shallow high-grade intercepts including 13.7m @ 10.95 g/t Au from 41.1m; Extends North Hill high-grade gold mineralization at Sandman” dated March 29, 2021). Hole SA-0037 also intersected 1.5 m (5 ft) at 0.26 g/t Au from 77.7 m (255 ft) and 1.5 m (5 ft) at 0.2 g/t Au from 160 m (525 ft). Hole SA-0039 was collared 80 m east of the nearest edge of the current Mineral Resource Estimate to test for down-dip extensions to the North Hill shallow strata-bound mineralization.

Hole SA-0027, drilled in 2021 beneath the eastern edge of the Mineral Resource Estimate, had returned three mineralized intervals: 19.8 m (65 ft) @ 0.6 g/t Au from 4.6 m (15 ft), (including: 6.1 m (20 ft) @ 1.18 g/t Au from 9.1 m (30 ft)), 15.2 m (50 ft) @ 0.39 g/t Au from 30.5 m (100 ft), and 21.3 m (70 ft) @ 0.44 g/t Au from 51.8 m (170 ft), all of which lie within 65 m (213 ft) vertical depth below surface, which is within range of a possible open pit design. (Refer to press release “Gold Bull Reports Sandman Drill Holes at North Hill and Silica Ridge Intersect Gold Mineralization Outside of Current Resource” dated July 21, 2021.) These intersections, located near the Mineral Resource Estimate boundary, indicated that the mineralization remained open to the east and SA-0039 was planned as a significant step-out. Hole SA-0039 returned 4.6 m (15 ft) at 0.94 g/t Au from 39.6 m (130 ft), confirming that opportunities to discover further shallow (potential open-pit) extensions to the Mineral Resource Estimate exist in this sparsely drilled area to the east of North Hill.

Hole SA-0049 was drilled to test the continuity of mineralization intersected in resource extension holes SA-0031 (refer to press release “Gold Bull Reports Significant New Gold Mineralization Outside of Current Resource at Sandman Including: 90m at 0.6 g/t Au” dated July 28, 2021) and SA-0050 (refer to press release “Gold Bull drilling intersects high-grade gold mineralization at Sandman, up to 13g/t gold (over 1.5m) at Silica Ridge” dated April 19, 2022). These two holes, located to the east of the current Mineral Resource Estimate, had intersected several intervals returning average gold grades above the 0.2 g/t Au resource cut-off, with SA-0031 returning 89.9 m (295 ft) averaging 0.6 g/t Au from 76.2 m (250 ft) to 166.1 m (545 ft), including small intervals of internal waste at an average grade of 0.13 g/t Au. The recent hole SA-0049 returned 56.4 m (185 ft) at 0.2 g/t Au from 103.6 m (340 ft).

The result confirms the continuity of the mineralized zone east of the Mineral Resource Estimate, which remains open to the north and south.