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Bullman Minerals Intersects 40 m grading 4.1 g/t gold on the Siguiri Project, Guinea, West Africa


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2014-01-03 15:06:25 -

Vancouver, British Columbia CANADA, January 03, 2014 /FSC/ - Bullman Minerals Inc. (BUL - TSX Venture), is pleased to announce assay results from the first four drill holes completed on its Siguiri Project located in northeast Guinea, West Africa (Table 1). The Company started the drilling program towards the end of November 2013 and has drilled about 6,200 m of the total program (approx. 10,000 m) to date; assay results from these holes will be released as they are received from the lab. Drill holes from the this program along with historic drilling (38,235 m) will be used to complete a mineral resource estimate for the Siguiri Project that will be documented in a NI43-101 Technical Report in 2014.

Highlights



* All four drill holes intersected thick intervals of near surface gold mineralization that include high grade intervals.

* Drill hole SRC-002 intersected 44m grading 3.731 g/t gold including a higher grade interval of 40 m grading 4.088 g/t gold.

* Drill hole SCO-003 intersected 55 m grading 1.590 g/t gold including a higher grade interval of 9 m grading 5.110 g/t gold.

* Drill hole SCO-001 intersected 50 m grading 0.895 g/t gold including a higher grade interval of 12 m grading 2.473 g/t gold and further down the hole 19 m grading 1.166 g/t gold with a higher grade interval of 10 m grading 2.059 g/t gold.

* Near surface gold mineralization may be amenable to open pit extraction and heap leach processing similar to the nearby SAG mine located 30 km to the west, however additional testwork is required to confirm this mining and processing scenario.

Table 1: Drill results from the Shawn deposit, Siguiri Project.



---
Hole ID[1] Deposit From(m) To(m) Interval(m) Gold(g/t)
SCO-001 Shawn 0.0 50.0 50.0 0.895
includes 9.0 21.0 12.0 2.473
includes 35.0 37.0 2.0 5.075

SCO-001 Shawn 68.0 87.0 19.0 1.166
includes 69.0 79.0 10.0 2.059

SRC-002 Shawn 9.0 53.0 44.0 3.731
includes 13.0 53.0 40.0 4.088

SRC-002 Shawn 83.0 87.0 4.0 0.676

SCO-003 Shawn 17.0 22.0 5.0 0.618

SCO-003 Shawn 63.0 118.0 55.0 1.590
includes 64.0 82.0 18.0 1.590
includes 89.0 97.0 8.0 0.791
includes 100.0 105.0 5.0 0.909
includes 109.0 118.0 9.0 5.110

SRC-004 Shawn 61.0 71.0 10.0 0.528
---





Note: true width of mineralized zone is approximately 60% of interval width.
1S denotes Siguiri Project, RC denotes reverse circulation holes and CO denotes holes pre-collared by reverse circulation (approx. 120 m depth) and continued to the end of hole by diamond drilling.


The first four drill holes of the current drill program were collared on the Shawn deposit, which has been traced for 1.0 km along strike by previous and current drill programs. Mineralization varies from a few metres up to 100 metres in thickness and has been tested by drilling to approximately 100 metres depth. Saprolite development is variable to depths of approximately 60 to 70 m's below surface.

Siguiri Project

The Siguiri Project covers a 248 square km area and is comprised of three exploration permits organized into two concession blocks, a North Block comprised of two permits and a South Block comprised of a single permit. The project is underlain predominantly by fine grained sedimentary rocks comprised of siltstone, argillite and immature sandstones; felsic and mafic dykes are mapped in the project area. A north to northeast shear zone that is over 60 km long extends across both the North and South Block, and is host to gold mineralization exposed in artisanal pits and trenches, and intersected in drill holes. In the North Block, four deposits (FK, Tinko, Shawn and Fadiougoula) are aligned north to south along part (>16 km) of this shear zone; the Amina deposit is located along a parallel structure 6 km to the west. Gold mineralization is associated with moderately developed quartz stockworks and sheeted veinlets that have been oxidized to depths varying from 40 to over 100 m. Mineralization is open along strike and at depth.

Laboratory Procedures

Reverse circulation and diamond drill samples are submitted to SGS Mineral Mali Sarl in Bamako, Mali for assaying; the laboratory complies with ISO 17025 and ISO 190111 operational and quality control systems. The samples were analyzed by fire assay with an atomic absorption spectrometry (AAS) finish after digestion in aqua regia. The Company inserts Quality Control - Quality Insurance samples (standards, duplicates and blanks) in addition to samples inserted by SGS to monitor the analytical results of the laboratory; samples inserted in this batch were within acceptable limits.

Qualified Person

Andre C. Lambert, B.Sc. (Hons), EurGeol, MIMM is the Exploration Manager for the Company and a qualified person as defined by National Instrument 43-101. Mr. Lambert has reviewed and approved the technical disclosure contained in this News Release.

About Bullman Minerals Inc.

Bullman Minerals Inc. is a Canadian based public company with a focus on the acquisition, exploration and development of gold properties in Guinea and neighboring countries of West Africa. The Company owns two gold projects in the under-explored Siguiri Basin of northeast Guinea, which is underlain by Birimian age rocks, the host rock to most of the large gold deposits in West Africa. For details on the projects, the reader is referred to NI43-101 Technical Report on the Siguiri and Balandougouba Projects, Guinea, prepared by independent qualified person Michael B. Gareau with an effective date of April 10, 2013 and available on SEDAR or the company's website.

For further information:

Bullman Minerals Inc.

"Peter Yue"

Peter Yue, CEO and Director
Tel: +1 604 998-7894

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

Neither 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 the accuracy of this news release.


303 - 595 Howe Street, Vancouver, B.C., V6C 2T5, T: 604 336-8618


To view this press release as a PDF, please click on the following link:
www.usetdas.com/pr/bullman01032014.pdf



Source: Bullman Minerals Inc. (TSX-V: BUL) www.bullmanminerals.com
Maximum News Dissemination by FSCwire. www.fscwire.com


Author:
Fred Gautreau
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