Overview
Nevada is a well-established and steady mining jurisdiction that’s recognized for its glorious infrastructure. Unsurprisingly, mining is certainly one of Nevada’s prime export classes attributable to its important deposits of gold, silver, copper and molybdenum. In 2020 alone, the state produced 5,082,682 ounces of gold and 6,722,622 ounces of silver.
Nevada is dwelling to a number of lively gold mines, together with Barrick Gold (TSX:ABX) and Newmont’s (TSX:NGT) Nevada Gold Mines, the one largest gold-producing advanced on the planet. Additionally in Nevada is Hecla Mining (NYSE:HL), with a number of operations together with the Midas mine and mill, the most important recognized silver-gold epithermal deposit alongside the Northern Nevada Rift within the Midas mining district. As such, gold exploration corporations in Nevada might current an intriguing alternative for traders.
Additionally situated within the prolific Northern Nevada Rift is Gold Bull Assets’ Sandman Undertaking. Gold Bull Assets (TSXV:GBRC, OTC:GBRCF, FRA:A2V5) is a mineral exploration firm centered on creating a portfolio of extremely potential gold property in Nevada. The corporate is absolutely permitted and absolutely funded to advance its two fully-owned initiatives which are situated inside prolific gold developments. Gold Bull Assets’ operations are guided by its core ESG values that emphasize environmental duty and dedication to stakeholders.
Gold Bull Assets’ methodology utilizing Leapfrog 3D Software program and QGIS integrates all of the earlier generations of labor, and Gold Bull CEO Cherie Leeden shared, “We’re stepping again and taking a look at issues a bit of in a different way.” Leeden says that this idea of basement targets has enabled success find close by deposits in Nevada but this zone has by no means been drilled on the Sandman property earlier than. Thankfully for Gold Bull, the corporate inherited Newmont’s Plan of Operation permitting for complete exploration entry and increasing drill targets throughout 500 acres with out having to use for added permits.
Since buying the Sandman undertaking from Newmont in October 2020, Gold Bull Assets has considerably up to date the useful resource within the undertaking which now has an indicated useful resource of 18,550,000 tonnes at 0.73 g/t of gold for contained gold of 433,000 ounces, in addition to an up to date inferred useful resource of three,246,000 tonnes at 0.58 g/t of gold for contained gold of 60,800 ounces. The maiden drill program on the Abel Knoll useful resource intersected 144.8m at 1.67 g/t gold, together with 6.1m at 10.75 g/t gold.
Gold Bull Assets’ different undertaking, Large Balds, is one hundred pc owned and situated on the intersection of two prolific gold developments –– the Carlin and Bida Traits. Though the undertaking has by no means been drilled, the corporate believes that it’s potential for the world-class mineralization usually seen within the Carlin and Bida Traits.
Gold Bull Assets’ property leverage strategic positioning close to a number of working mines. The Sandman undertaking is situated close to the Sleeper mine that was operated by AMAX Gold from 1986 to 1996 and produced 1.66 million ounces of gold and a pair of.3 million ounces of silver. In the meantime, the Large Balds undertaking is situated lower than 10 kilometers west of Kinross Gold’s (TSX:Ok) Bald Mountain working mine which options 300 million tonnes at 0.6 g/t for five.5 million ounces of gold.
The corporate has recovered distinctive metallurgical outcomes, together with a mean of 88 p.c of gold recovered from oxide materials with a most of 97 p.c of gold recovered from a bottle roll leach check on a goal at Sandman. The outcomes additionally recognized recovered silver that exposed potential upside for the ingredient. The metallurgical outcomes are in step with prior historic assessments that are encouraging for future yields.
“We’re not seeking to mine the market, we’re taking a look at initiatives that we will get into manufacturing,” mentioned Gold Bull Assets CEO Cherie Leeden.
At the moment, the corporate is concentrated on advancing its Sandman undertaking. Gold Bull plans to extend the present useful resource on the Sandman undertaking by way of a 4,000 meter RC drilling program that’s already underway. Gold Bull Assets can be progressing its undertaking pipeline with plans for the maiden drill program on the Large Balds undertaking with minimal capital funding for prime threat and excessive reward. The corporate can be exploring the potential for brand spanking new low-cost mergers and acquisitions that comprise further present gold assets.
The corporate is led by an elite administration group with a observe report of profitable acquisitions, mine discovery and mine improvement. Gold Bull Assets’ group consists of a number of former administration members of a number of main mining corporations, together with Rio Tinto, BHP, Newcrest and Barrick Gold. The corporate’s group additionally boasts native information of the world with the assets wanted to deliver its property into manufacturing.
Firm Highlights
- Gold Bull Assets (TSXV:GBRC, OTC:GBRCF, FRA:A2V5) is creating a portfolio of fully-owned and extremely potential gold property in Nevada, USA.
- The corporate is absolutely permitted and absolutely funded to advance its flagship Sandman undertaking within the prolific Northern Nevada Rift and its Large Balds undertaking within the prolific Carlin and Bida Traits.
- The Sandman undertaking has an up to date indicated useful resource of 18,550,000 tonnes at 0.73 g/t of gold for contained gold of 433,000 ounces.
- Gold Bull Assets’ property are positioned close to a number of gold-producing mines with multi-million-ounce assets, together with the AMAX Gold Sleeper mine and Kinross Bald Mountain mine.
- The corporate has a good share construction, compelling valuation and no debt.
- The corporate is led by an elite administration group consisting of a number of former administration members of a number of main mining corporations, together with Rio Tinto, BHP, Newcrest and Barrick Gold.
Key Tasks
Sandman
The flagship Sandman undertaking is situated within the Northern Nevada Rift in Nevada. The undertaking spans 117 sq. kilometers and is situated 23 kilometers south of the Sleeper mine, which holds a historic manufacturing of 1.66 million ounces of gold and a pair of.33 million ounces of silver.
The Sandman undertaking hosts high-grade epithermal gold deposits. Since buying the undertaking from Newmont in October 2020, Gold Bull Assets has up to date the useful resource within the property that has but to be integrated into the corporate’s present drill program. The up to date assets embody an indicated useful resource of 18,550,000 tonnes at 0.73 g/t of gold for contained gold of 433,000 ounces, in addition to an up to date inferred useful resource of three,246,000 tonnes at 0.58 g/t of gold for contained gold of 60,800 ounces. The useful resource on the property is open in all instructions.
Gold Bull Assets strongly believes that the Sandman undertaking has important exploration upside potential. The corporate has already begun a 4,000 meter RC drilling program that’s midway accomplished. The drilling program is concentrated on new ‘Sleeper type’ Bonanza gold discoveries and a ‘Midas type’ deposit. The corporate is fully-permitted to conduct 2 sq. kilometers of floor disturbance underneath a complete plan of operation.
Large Balds
The Large Balds undertaking is situated on the intersection of the Carlin and Bida Traits in Nevada, roughly 90 minutes from the mining hub in Elko which supplies glorious logistics and accessibility. The undertaking can be situated lower than 10 kilometers west of Kinross’ Bald Mountain working mine. The Bald Mountain mine options 300 million tonnes at 0.6 g/t for five.5 million ounces of gold.
The Large Bald undertaking consists of three precedence targets which were recognized by geophysics, together with Bald Cougar, Bald Eagle and Bald Badger. Up to now, the undertaking has by no means been drill examined. Nevertheless, the Large Balds undertaking is potential for 3 world-class kinds of mineralization, together with Carlin-type sediment-hosted gold, Bald Mountain-style intrusive associated gold in addition to gold and silver base metallic skarn and/or porphyry.
Gold Bull assets is absolutely permitted to start an 8-hole drill program on the Large Balds undertaking which is taken into account to be drill-ready.
Administration Workforce
Craig Parry, Honors Bachelor of Science MAIG – Chairman
Craig Parry has expertise with a number of established corporations, together with Rio Tinto, G-Assets, Tigers Realm Group and EMR Capital. Parry has raised greater than $200 million prior to now 12 months. Parry led geology and assets for Rio Tinto’s Kintyre uranium undertaking and suggested on the undertaking’s sale to Cameco. Parry is the co-founder and former head of enterprise improvement for Tigers Realm Group. Parry can be the previous founder and CEO of Tigers Realm Coal. Parry is the co-founder and former senior advisor of EMR Capital. Lastly, Parry is the co-founder and former director of NexGen Vitality Ltd.
Cherie Leeden, Honors Bachelor of Science MAIG – CEO
Cherie Leeden has expertise with Rio Tinto and LionOre. Leeden has spent 20 years selling a accountable mining trade with the previous 10 years spent on the CEO stage. Leeden is the previous founder and CEO of Battery Minerals. Leeden can be the founding father of the personal pure assets undertaking Era Firm owned by Nevada Assets. Leeden has centered and based mostly the previous 5 years of her profession on Nevadan gold. Leeden has a observe report of negotiating and executing win-win enterprise transactions with Fortune 500 corporations.
David Johnson, Grasp of Science, GDipAppFin MAIG – VP of Exploration
David Johnson has expertise with a number of corporations, together with Rio Tinto, WMC, LionOre and Independence Group (IGO Ltd.). Johnson has greater than 25 years of worldwide exploration expertise throughout a variety of deposit varieties. Johnson led a profitable in-mine exploration group at IGO and held a key function in two discoveries. Johnson is a geophysicist specializing in potential area and electrical/EM strategies and integration with different exploration datasets. Johnson is a confirmed mineral useful resource discoverer.
Gavin Cooper, CPA, CA – CFO
Gavin Cooper has greater than 35 years of expertise in finance, technique and senior administration. Cooper is the previous CEO and director of Normal Lithium ltd. and the previous director of Nevada Geothermal Energy Inc. Cooper can be a founding shareholder and former director of Fanatic Gaming Holdings Inc. Cooper was additionally the previous director of finance and administration of Yarrows Ltd. which employs roughly 1,300 workers. Cooper is the previous CEO of Catamaran Ferries Worldwide which owns a $450 million ship building undertaking. Lastly, Cooper is the present CFO of Kutcho Copper Corp. and District Metals Corp.
Regina Molloy – Exploration Supervisor
Regina Molloy has greater than 25 years of expertise as a multi-commodity financial geologist. She is expert in mineral exploration and mine improvement. Molloy has labored with BHP, Newcrest, Barrick Gold and Battery Minerals. Molloy has international expertise in exploring and discovering a variety of deposit kinds. She additionally has expertise with junior and enormous firm funding methods.
Vince Sorace – Director
Vince Sorace is a mining and expertise entrepreneur with greater than 30 years of worldwide enterprise and capital markets expertise. Sorace is the president and CEO of Kutcho Copper and the director of E79 Assets Corp. He’s additionally the founder and chairman of MineHub Know-how Inc. Sorace has raised over $250 million in fairness and debt in latest financings. His earlier roles embody founder, president and CEO of assorted personal and public useful resource corporations.
Walter Coles Jr. – Director
Walter Coles Jr. has in depth expertise with mergers and acquisitions throughout the assets sector. He’s the CEO of Skeena Assets and a former analyst for Cadence Funding Companions and UBS Funding Financial institution in New York. He has a Bachelor of Arts in Economics from the College of Richmond.
Mike Cowin – Director
Mike Cowin has greater than 25 years of funding expertise within the wholesale funds’ administration sector in Australia. Beforehand, Cowin was an fairness companion and director of Northcape Capital which is a boutique funding fund based mostly in Australia. Northcape Capital manages over A$10 billion. At the moment, Cowin is the principal of Corom Funds Administration and a boss of Dominos Pizza Japan Inc. He’s additionally a director of a number of corporations, together with Apache Industrial Providers, Queens Highway Capital, CTE Investments, Rockmaster Assets Corp. and Walcott Assets Ltd.
Debra Struhsacker – Setting and Authorities Advisor
Debra Struhsacker is a tough rock mining advocate and coverage knowledgeable. Struhsacker has 35 years of expertise with key federal-state environmental and public land legal guidelines and laws governing mineral exploration and mine improvement. Struhsacker has a confirmed observe report in state and federal legislative and administrative venues in securing undertaking permits for exploration and mining initiatives. She has a singular mixture of communication expertise and experience that successfully bridges the communication hole between the technical, political and public opinion components that affect coverage choices about mineral exploration and improvement, public lands and the atmosphere.
Michael Konnert – Advisor
Michael Konnert is a co-founder and managing companion of Inventa Capital which has raised over $80 million for its portfolio corporations in 2020. Konnert is the founder and CEO of Vizsla Assets which is creating certainly one of Mexico’s highest-grade silver camps. He co-founded and bought Cobalt One Vitality to Blackstone Minerals in 2017. Konnert has greater than 10 years of expertise in assets and capital markets. He holds a Bachelor of Commerce in Entrepreneurial Administration from Royal Roads College.
