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Bullman Minerals intersects 45.5 m grading 2.44 g/t Gold on the Siguiri Gold Project, Guinea, West Africa


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2014-03-17 14:34:37 -

Vancouver, British Columbia CANADA, March 17, 2014 /FSC/ - Bullman Minerals Inc. (BUL - TSX Venture), is pleased to announce the results of its first drill program on the Siguiri Gold Project located in northeast Guinea, West Africa. The program started the last week of November 2013 and was completed the first week of March 2014. The 55 hole program comprised 2,220 m of diamond drilling (DD) and 7,655 m of reverse circulation (RC) drilling. Results from this program along with historic drilling (37,325 m) will be used to complete an independent NI43-101 compliant mineral resource estimate later in 2014.

Highlights

* Selected intersections from four deposits hosted along a 16 km shear zone are:

o Shawn deposit - 45.5

m grading 2.44 g/t gold (SDD13-009) and 46.2 m grading 1.90 g/t gold (SDD14-012),

o Fadiougoula deposit - 21.0 m grading 1.27 g/t gold (SRC13-310),

o FK deposit - 9.0 m grading 2.68 g/t gold (SRC13-297), and

o Tinko deposit - 17.0 m grading 0.97 g/t gold (SRC13-319),

* The drill program confirmed and extended the near surface gold mineralization intersected in historic drill programs and exposed in artisanal pits.

* Twin diamond drill holes of three historic RC holes returned similar intervals and grades as the historic RC holes.

* The twin holes along with the historic QA-QC program have verified the quality of the historic database.

* Near surface gold mineralization is 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.

The Siguiri Gold 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. A north to northeast striking 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 intersected at depth in drill holes.

In the North Block, four deposits from north to south (FK, Tinko, Shawn and Fadiougoula) are hosted along part (>16 km) of this shear zone and were the focus of the historic and recently completed drill programs (Table 1). The FK, Tinko and Fadiougoula deposits have been drilled on east-west fences spaced 200 m apart with 50 m collar spacing along the fences, whereas the Shawn deposit has been drilled on fences spaced 100 m apart and similar 50 m collar spacing. Most of the holes were angle holes (-50 to -60 degrees) drill towards the west to approximately 150 m vertically below surface; several diamond drill holes were drilled to 200 to 250 m below surface. 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 below surface. Additional infill drilling is required to outline the higher grade "shoots" within the extensive mineralized zones outlined to date. The mineralization is open at depth and to the south where the shear zone hosting the gold mineralization on the North Block permit extends onto the South Block permit. The South Block permit has seen limited exploration (shallow air core drilling) to date, but has extensive artisanal workings coincident with the projection of the shear zone.

Table 1: Selected drill intersections from the 2013-2014 Siguiri Drill Program.



---
Hole ID Deposit Section From(m) To(m)
---
SDD14-015 FK 82000N 172.0 180.9
---
SRC13-298 FK 81400N 20.0 39.0
---
SDD14-013 FK 81200N 0.0 23.5
---
SDD14-013 FK 81200N 35.0 46.0
---
SDD14-013 FK 81200N 116.0 153.0
---
SRC13-295 FK 80400N 103.0 126.0
---
SRC13-297 FK 80200N 85.0 94.0
---
SRC13-319 Tinko 75950N 2.0 13.0
---
SRC13-319 Tinko 75950N 70.0 87.0
---
SDD13-007 Shawn 71850N 9.0 21.0
---
SDD13-007 Shawn 71850N 35.0 37.0
---
SDD13-007 Shawn 71850N 69.0 79.0
---
SDD13-007 Shawn 71850N 195.7 200.7
---
SDD13-007 Shawn 71850N 269.0 278.5
---
SDD13-002 Shawn 71650N 153.0 157.0
---
SDD13-002 Shawn 71650N 230.0 323.5
---
SDD13-006 Shawn 71650N 125.0 158.0
---
SDD13-006 Shawn 71650N 273.0 278.0
---
SDD13-006 Shawn 71650N 314.0 372.0
---
SDD13-001 Shawn 71650N 0.0 14.8
---
SDD13-001 Shawn 71650N 31.0 35.8
---
SDD13-001 Shawn 71650N 51.8 77.3
---
SDD14-012 Shawn 71650N 0.0 46.2
---
SDD14-012 Shawn 71650N 83.0 95.5
---
SDD13-004 Shawn 71450N 125.0 140.5
---
SDD13-004 Shawn 71450N 147.0 151.1
---
SDD13-004 Shawn 71450N 177.1 204.2
---
SDD13-005 Shawn 71450N 127.0 150.0
---
SDD13-005 Shawn 71450N 179.0 199.0
---
SDD13-003 Shawn 71450N 4.0 23.0
---
SDD13-003 Shawn 71450N 44.5 80.0
---
SDD13-003 Shawn 71450N 96.5 103.0
---
SDD13-008 Shawn 71250N 64.0 82.0
---
SDD13-008 Shawn 71250N 89.0 105.0
---
SDD13-008 Shawn 71250N 109.0 120.0
---
SDD13-009 Shawn 71250N 127.1 139.0
---
SDD13-009 Shawn 71250N 151.0 196.5
---
SRC13-287 Shawn 71250N 13.0 53.0
---
SDD14-010 Shawn 71050N 147.8 164.0
---
SDD14-010 Shawn 71050N 218.0 233.0
---
SDD14-011 Shawn 71050N 61.0 71.0
---
SDD14-011 Shawn 71050N 100.0 121.0
---
SDD14-011 Shawn 71050N 130.0 142.0
---
SDD14-011 Shawn 71050N 161.0 182.0
---
SRC13-289 Shawn 70850N 13.0 26.0
---
SRC13-289 Shawn 70850N 37.0 45.0
---
SRC14-323 Shawn 70850N 99.0 143.0
---
SRC13-304 Fadiougoula 68600N 14.0 19.0
---
SRC14-324 Fadiougoula 68600N 88.0 96.0
---
SRC13-306 Fadiougoula 68400N 65.0 74.0
---
SRC13-307 Fadiougoula 68200N 10.0 33.0
---
SRC13-307 Fadiougoula 68200N 55.0 61.0
---
SRC13-310 Fadiougoula 68000N 42.0 62.0
---
SRC13-310 Fadiougoula 68000N 117.0 138.0
---
SRC13-313 Fadiougoula 66650N 42.0 52.0
---
SRC13-316 Fadiougoula 66150N 6.0 46.0
---
SRC13-321 Fadiougoula 65950N 31.0 41.0
---


--
Hole ID Interval(m)[1] Au Comments
--
SDD14-015 8.8 0.82
--
SRC13-298 19.0 1.24
--
SDD14-013 23.5 0.63
--
SDD14-013 11.0 2.12
--
SDD14-013 37.0 0.52
--
SRC13-295 23.0 0.46
--
SRC13-297 9.0 2.68
--
SRC13-319 11.0 0.72
--
SRC13-319 17.0 0.97
--
SDD13-007 12 2.47 Reported Jan. 3, 2014
--
SDD13-007 2.0 5.08 Reported Jan. 3, 2014
--
SDD13-007 10.0 2.06 Reported Jan. 3, 2014
--
SDD13-007 5.0 4.50 Reported Jan. 3, 2014
--
SDD13-007 9.5 0.55 Reported Jan. 3, 2014
--
SDD13-002 4.0 1.34
--
SDD13-002 93.5 1.01
--
SDD13-006 33.0 0.54
--
SDD13-006 5.0 1.46
--
SDD13-006 58.0 0.37
--
SDD13-001 14.8 0.60
--
SDD13-001 4.8 1.23
--
SDD13-001 25.5 0.70
--
SDD14-012 46.2 1.90
--
SDD14-012 12.5 0.79
--
SDD13-004 15.5 2.16
--
SDD13-004 4.1 3.95
--
SDD13-004 27.1 0.82
--
SDD13-005 23.0 0.57
--
SDD13-005 20.0 0.77
--
SDD13-003 19.0 1.42
--
SDD13-003 35.5 2.02
--
SDD13-003 6.5 3.38
--
SDD13-008 18.0 1.58 Reported Jan. 3, 2014
--
SDD13-008 16.0 0.70 Reported Jan. 3, 2014
--
SDD13-008 11.0 5.65 Reported Jan. 3, 2014
--
SDD13-009 11.9 0.86
--
SDD13-009 45.5 2.44
--
SRC13-287 40.0 4.12 Reported Jan. 3, 2014
--
SDD14-010 16.2 0.58
--
SDD14-010 15.0 0.51
--
SDD14-011 10.0 0.53 Reported Jan. 3, 2014
--
SDD14-011 21.0 1.01
--
SDD14-011 12.0 0.66
--
SDD14-011 21.0 1.34
--
SRC13-289 13.0 1.22
--
SRC13-289 8.0 0.63
--
SRC14-323 44.0 0.73
--
SRC13-304 5.0 1.64
--
SRC14-324 8.0 0.63
--
SRC13-306 9.0 0.61
--
SRC13-307 23.0 0.47
--
SRC13-307 6.0 0.89
--
SRC13-310 20.0 0.47
--
SRC13-310 21.0 1.27
--
SRC13-313 10.0 1.00
--
SRC13-316 40.0 0.42
--
SRC13-321 10.0 0.62
--




(1)Drill interval widths reported; true widths unknown at this time.

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 for the samples reported herein 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: +1 604 336-8618

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.



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


To view this press release as a PDF file, click onto the following link:
www.usetdas.com/pr/BullmanMar172014.pdf




Source: Bullman Minerals Inc. (TSX-V: BUL) www.bullmanminerals.com
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