Gold Bullion Development (OTC Other: GBBFF; TSX-V: GBB) continues to receive positive drill results on its Granada Gold Property, on which 78,414 metres have been drilled since December 2009. As a result, the mineralized area extends approximately 1500 metres east-west along strike and roughly 750 metres north-south. High grade gold intersections continues to be discovered as evidenced by the following:
- 182.95 metres grading 1.11 g/t gold in drill hole GR-11-271, including 0.75 metres grading 207.27 g/t gold at only 24.55 metres (22.1 metres vertical) depth, and 1.0 metre grading 13.71 g/t gold at 71.5 metres (64.3 metres vertical) depth; and
- 247.5 metres grading 0.47 g/t gold in hole GR-11-199 including, 1.0 metre grading 63.5 g/t gold at 60.0 metres (53.5 metres vertical) depth, and 16.25 metres grading 1.86 g/t gold at 129.75 metres (115.6 metres vertical) depth.