Gold Bullion Development Corp. (TSX-V: GBB and OTC Other: GBBFF) announced today that it has completed 6,842 m in 12 holes of diamond drilling in its first drill campaign on the Castle Silver property historic past-producing silver mine property located 85 kilometres northwest of the historic silver camp in Cobalt, Ontario.
Numerous strong calcite veins and vein systems were drilled and many of these were independent of the existing mine workings. The best silver intersection encountered was a 3.09m weighted interval of 6,476 g/t Ag (188.80 oz/ton Ag) in hole CA11-08 from 563.54 to 566.63 m including a 0.45m (1.476 feet) interval of 40,944 g/t Ag (1193.70 oz/ton Ag) in a calcite-Co-Ag vein (not true width). Leaf silver was common in the wall rock in the reported interval.
These are off the chart results and we expect this project to really get moving from here. We will keep everyone posted as they continue to build out this very exciting project area.