Nevada Focused Gold Exploration in Good Hands with Gold Bull Resources

• Gold Bull Resources is a Nevada-focused gold exploration company aiming to grow ounces through exploration success and acquisitions. The management team has experience from majors like Rio Tinto.
• The company recently acquired the Sandman project from Newmont, which already has half a million ounces of gold resources. They plan to explore the large areas of sand cover at Sandman that have seen little past exploration.
• Gold Bull is using modern exploration techniques like geophysics that have not been widely used in Nevada. They have an Australian approach to exploration.
• The company has a shortlist of 5 other potential projects to acquire in Nevada and is in negotiations. The goal is to add another 1-2 million ounce project this year through creative M&A deal structures.
• Gold Bull raised C$13 million in late 2021 and has C$3 million in cash remaining. This will fund ongoing exploration drilling at Sandman and initial drilling at the Big Balds project

About Gold Bull Resources

Gold Bull Resources is a Nevada focused gold exploration and development company aiming to grow ounces through exploration success and acquisitions. The company is led by CEO Cherie Leeden, a geologist with over 20 years experience in the mining industry. Gold Bull Resources is backed by renowned mining financier Craig Parry and his investment group IsoEnergy, who are providing financial and strategic support. The company is pursuing a roll-up strategy in Nevada, consolidating past producing gold assets and exploring for major new discoveries.

Interview with Cherie Leeden, CEO of Gold Bull Resources

Asset Base and Exploration Upside

Gold Bull's flagship asset is the Sandman Project, acquired from Newmont Mining in 2021. Sandman hosts a 431,000 ounce gold resource across four shallow open pits. However, the company sees significant exploration potential in the 70% of the project area covered by sand. Extensive geophysics is being used to identify new drill targets beneath the sand cover. An initial 3700m drill program has been completed, with a further 5000m planned.

At the Big Balds project, Gold Bull will test a large geophysical anomaly for a potential new Carlin-style gold discovery. With major shareholders willing to provide over $20m for acquisitions, the company is actively assessing several advanced gold projects for potential acquisition. The goal is to exceed 1 million ounces in total resources in 2023.

Seasoned Leadership and Proven Strategy

CEO Cherie Leeden has direct experience with major mining companies like Rio Tinto, providing crucial technical expertise. Chairman Craig Parry has an outstanding track record in the mining space, delivering huge successes with IsoEnergy and NexGen Energy.

The strategy mirrors Skeena Resources' consolidation of high grade gold assets in British Columbia, demonstrating the potential upside. Several priority targets have been identified for potential acquisition. The next deal could occur within months, likely involving a mix of cash, shares and deferred payments.

Strong Backing in Tight Capital Markets

Despite volatile market conditions, Gold Bull has the backing of strongly aligned institutional shareholders. With over $3m in the bank, exploration programs are fully funded. The company can leverage its supportive share register to access further capital for accretive acquisitions.

In a challenging environment for raising capital, this gives Gold Bull a major advantage over its junior explorer peers. The company is not reliant on dilutive equity financings to continue growing its resource base.

Conclusion

Gold Bull Resources presents a unique exposure to high quality gold assets in a Tier 1 mining jurisdiction. Exploration upside at Sandman could rapidly re-rate the current modest valuation. With additional acquisitions targeted within months, the company provides leverage to a strengthening gold price.

The experienced leadership team is executing a proven consolidation strategy with backing from top tier mining investors. Patient investors could see substantial upside if exploration success is achieved. The company's strong financial position provides stability even if market volatility persists into 2023.