Gold Bullion Development to Prepare Resource Estimate

November 10, 2011

Gold Bullion Development (OTC Other: GBBFF; TSX-V: GBB) has retained SGS Canada Inc. as an independent consultant to provide technical assistance on its Granada Property, located along the Cadillac trend in Northwestern Quebec, 5 km south of the city of Rouyn-Noranda.  SGS will prepare a compliant NI 43-101 resource estimate followed by the preparation of Preliminary Economic Assessment (PEA). The report is expected to be disclosed in the first quarter of 2012.

Read More


Gold Explorers and Developers Your Best Bets in a Rebound – Frank Holmes

October 18, 2011

SAN ANTONIO – Frank Holmes – US Global Investors

Since hitting $1,900 an ounce through the beginning of October, gold has declined nearly 11 percent. Over the same timeframe, the NYSE Arca Gold Miners Index* lost almost 13 percent. That’s a closer performance correlation than the roughly 3-to-1 gold equities to bullion ratio we’ve historically seen and could mean the miners are finally closing the gap.

However, TD Securities Equity Research points out this interesting fact: Over a period of 18 months prior to hitting $1,900, gold rose 79 percent but TD’s basket of gold equities only increased 57 percent. The firm says this performance gap “ranks as the worst relative performance of gold equities to gold since 2001.” During the July through September period of 2008, TD Securities’ universe of gold equities declined 46 percent, while gold bullion only lost 24 percent. In October through November of 2008, the same gold equities lost 37 percent; while gold decreased 22 percent.

Read More


Gold Bullion Development Corp. Advises Shareholders that Castle Silver Mines Inc. Preliminary Prospectus is Available on SEDAR

September 20, 2011

Gold Bullion Development Corp. (OTC Other: GBBFF & TSX-V: GBB) announced today that the preliminary prospectus dated September 16, 2011 of its wholly-owned subsidiary Castle Silver Mines Inc. is now available under Castle Silver Mines’ company profile on SEDAR at www.sedar.com. As previously announced, the prospectus is intended to qualify the distribution by Gold Bullion of an aggregate of approximately 1,950,000 common shares of Castle Silver Mines to all shareholders of Gold Bullion by way of dividend in kind.

All Gold Bullion shareholders will receive one common share of Castle Silver Mines for approximately every 85 issued and outstanding Gold Bullion shares on the distribution record date. The distribution record date will be set by the Board of Directors of Gold Bullion in accordance with the policies of the TSX Venture Exchange, at which time Gold Bullion will issue a press release announcing the record date and the final distribution ratio.

Read More


Gold Bullion Development Corp. announces filing of preliminary prospectus for “spin-out” and initial public offering by Castle Silver Mines Inc

September 19, 2011

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

  • Castle Silver Mines initial public offering to raise maximum of $3.4 million
  • Proceeds from initial public offering to be used in part for exploration on Castle Silver Mine property, Gowganda, Ontario
  • Gold Bullion shareholders to receive one share of Castle Silver Mines for every 85 shares of Gold Bullion held on distribution record date

Read More


Gold Bullion Provides Update on its Phase 3 Drill Program

September 14, 2011

Gold Bullion Development Corp. (TSXV: 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.  The continually-expanding mineralized area remains open in all directions and at depth.   Highlights of the most recent assay results include:

  • Hole GR-11-256 – 98.00 metres grading 1.21 grams per tonne Au, Including –  29.50 metres grading 2.34 grams per tonne Au
  • Hole GR-10-189 – 220.30 metres grading 0.41 grams per tonne Au, Including –  70.90 metres grading 1.06 grams per tonne Au
  • Hole GR-10-178 –  183.50 metres grading 0.50 grams per tonne Au, Including – 45.50 metres grading 1.12 grams per tonne Au

Read More


Gold Bullion reports 6,476 g/t Ag over 3.09m at Castle Silver Mine, Gowganda

August 25, 2011

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.

Read More


Gold Bullion Provides Update on its Phase 3 Drill Program at Granada Gold Project, Quebec

July 13, 2011

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.

Read More