Gold Bullion Development Corp. (TSX-V: GBB and OTC Other: GBBFF) announced today additional drill results from its Granada Property, located along the Cadillac trend in Northwestern Quebec, 5 km south of the city of Rouyn-Noranda. Gold Bullion has now completed close to 35,000m of the planned 50,000m Phase 3 drill campaign. The continually-expanding mineralized area remains open in all directions and at depth. Highlights of the most recent assay results include:
Hole GR-10-51 – 50.50 metres grading 1.40 grams per tonne Au – Including – 6.00 metres grading 3.69 grams per tonne Au
Hole GR-10-119 – 104.50 metres grading 0.71 grams per tonne Au – Including – 9.50 metres grading 3.45 grams per tonne Au
Hole GR-10-181 – 87.00 metres grading 0.74 grams per tonne Au – Including – 16.00 metres grading 1.93 grams per tonne Au
Hole GR-11-235 – 89.50 metres grading 0.78 grams per tonne Au – Including – 18.00 metres grading 3.43 grams per tonne Au
Hole GR-11-237 – 114.00 metres grading 0.40 grams per tonne Au – Including – 1.40 metres grading 12.36 grams per tonne Au
This is another round of thick sections with valuable grades (especially given the near surface attributes and the region) which should add materially to the overall resource estimate and economics of the project area. We expect that these results will be incorporated into the Company’s next 43-101 report which we believe should be out around the end of the 3rd quarter/beginning of the 4th quarter time frame.
Gold Bullion’s Granada project is on trend, and shares many physical characteristics with Osisko’s high-value Malartic property. We have included OSK’s chart below to get a sense of how their stock has performed through the development stages of Malartic. This region, known as the Cadillac Trend is one of the most developed areas in terms of mining infrastucture on the planet – and you just couldn’t ask for a better place to make a gold discovery. We expect plenty of news from Gold Bullion over the next few months as they continue to drill out their flagship Granada project, as well as their Castle Silver Mine project in Ontario.