Gold Bullion Provides Granada Mine Update

March 26, 2012

Gold Bullion Development Corp. (TSX-V: GBB; OTC: GBBFF) provided an update today on its Granada Gold Property, located along the prolific Cadillac trend in North-western  Quebec , 5 km south of the city of Rouyn-Noranda.

The Company has completed approximately 78,000 metres of drilling resulting in a significant expansion of the LONG Bars zone.  The surface footprint has increased 5 fold from the original footprint, 300 metres by 600 metres, to over 750 metres by 1200 metres.

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Gold Bullion Announces Additional Positive Drill Data Update

March 14, 2012

Gold Bullion Development Corp. (TSX-V: GBB; OTC Other: GBBFF) announced today additional drill results from several holes located throughout the mineralized area of the Granada Gold Property.  The subject property is located along the prolific Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.

Results include 256.5 metres grading 0.44 g/t Au with three specific high grade zones: at 340 metres downhole with 10.5 metres grading 2.92 g/t Au, the second at 480 metres with 4.5 metres grading 4.52 g/t Au and a third at 532.5 metres with 9 metres grading 2.81 g/t Au. F

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Goldgroup Mining and Gold Bullion Development Listed in Caesar’s ‘Mining Top 20 for 2012’ Report

January 16, 2012

Goldgroup Mining Inc. (TSX: GGA; OTC Other: GGAZF) and Gold Bullion Development (TSX-V: GBB; OTC Other: GGBFF) both made this year’s ‘Mining Top 20 for 2012’ mining picks in the highly regarded Caesar’s Report Newsletter.

Gold Bullion Development rang in as Top Pick # 13 and Goldgroup Mining topped the list at #1!

Quoted from the report: ‘The Caesars Report Mining Top for 2012 only contains mining stocks we believe will perform better than their peers this year. Our aim is to outperform the markets, through picking undervalued shares with an acceptable risk/reward ratio.’

We have included a link to the report below which goes into detail of why each company was chosen for inclusion in this highly prospective round-up of junior resource companies as well as highlights of some of the milestones we can expect to see from these active miners in 2012.

Nevada’s Scorpio: Wind Cries Mary: Thom @ Large

January 6, 2012


Cranes Keep Bringing Nevada Gold To Scorpio's Treasury

By Thom Calandra

MINERAL RIDGE, NEVADA — Peter Hawley’s current gold producer, Scorpio Gold Corp. (TSX-V: SGN and OTC: SRCRF), hits the ground running.

Scorpio, a client of our Torrey Hills Capital, is starting off the new year with pit results from its Mineral Ridge project in western Nevada. The Mary Pit shows 10.67 meters of 3.65 g/t gold and 4.57 meters of 13.06 g/t silver.

Our takeaway: an overburden removal at the Mary Pit began in late autumn 2011 and it appears to be working. Scorpio CEO Peter Hawley says the pit looks on track to nail a general target for 2012 production rate of 60,000 to 80,000 ounces of gold equivalent.

We’ll see a revised mineral estimate at Mineral Ridge sometime soon.

Our team at Torrey Hills and I have been to Mineral Ridge several times.  Investors seeking a solid gold producer eventually will see Scorpio account for far more gold ounces produced (and sold) in its quarterly reports than is the case now. And in a producer category.

Currently, Scorpio Gold is not classified as a “producer” so it accounts  for sales of metal on the balance sheet as mining assets.” The trigger for this change is four consecutive months of 4,500 ounces or better per month.  Thus, sales become net income.

Based on what we see happening at Mineral Ridge in terms of tonnes moved to the processing plant and average grades, we believe that Scorpio should cross that line well within the first half of 2012.

At a cost of $600 per ounce (this estimate from a recent Jennings Research Report), a target of 60,000 ounces creates a quarterly top-line earnings  number in the neighborhood of around $15 million. Current market cap of Scorpio is $100 million. I am an owner of the shares.

Recent Travel Digest from Mineral Ridge here:

Recent Q & A with Peter Hawley, CEO of Scorpio Gold here:

VANCOUVER: I’ll be speaking at Cambridge House’s January gathering of 500 hard asset companies in two weeks. See:

— Thom Calandra is a lifelong author whose work has appeared in dozens of newspapers, newsletters, magazines and across the Web. He is a founder of CBS MarketWatch, now Dow Jones MarketWatch. He is a member of Torrey Hills Capital. Scorpio Gold is a client and provides stock options to Torrey Hills in return for investor outreach services. Your comments are welcome, but please, no foul language. (Photos — Thom Calandra)

Gold Bullion Announces Additional Positive Drill Results

December 7, 2011

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.

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Gold Bullion Releases Significant Historic Hole With Granada Drilling Update

November 16, 2011

Gold Bullion Development Corp. (TSX-V: GBB; OTC: GBBFF) reported today on the recently-completed Phase 3 Drill Program results from their property located along the Cadillac trend in North-Western Quebec, 5 km south of the city of Rouyn-Noranda . Just under 80 kilometres (78,414 metres) have been drilled since December 2009 confirming extensive mineralization potential on the Granada Property. Gold Bullion’s originally-defined LONG Bars zone of 600 metres long by 300 metres wide, striking east-west and dipping approximately 50° to the north, has been increased 6 fold to approximately 1500 metres long by 750 metres wide.  With the documentation of an historic hole: 90-01, the mineralization in this area, north of the current exploration, extends to a depth of approximately 700 metres and remains open in all directions and at depth. Highlights include 1.12g/t Au over 304.36 metres including a 23.55 metre interval grading 5.46 g/t Au.

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Castle Silver Mines Inc. files final prospectus for initial public offering and “spin-out” to shareholders of Gold Bullion Development Corp.

November 16, 2011

Gold Bullion Development Corp. (TSX-V: GBB; OTC: GBBFF) and Castle Silver Mines Inc., a wholly-owned subsidiary of Gold Bullion, announced today that Castle Silver Mines has filed a final prospectus with the securities commissions of each of the provinces of Canada in connection with an initial public offering by Castle Silver Mines, and a secondary offering to the shareholders of Gold Bullion of shares of Castle Silver Mines by way of dividend in kind.

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