VANCOUVER,
Aug. 13, 2014 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is excited to share advancements on
the Granada Rolling Start.
Gold Bullion recently received a permit to allow
trenching to more precisely define the ideal location to begin open
pit mining. The Company will be commencing on the Mousseau Pit (Pit
4 on attached map, the easternmost pit - this map may be subject to
some modifications as CofA recommendations are implemented) once
the Certificate of Authorization (CofA) has been received. This
work is slated to be completed within the next several weeks by a
local contractor.
The Mousseau Pit has an estimated 32,144 ounces
gold at a grade of 4.37 grams per tonne gold in 229,000 tonnes of
ore in the Probable Reserve Category. These newly released
numbers form part of a subset of data prepared for the PFS report
released June 19, 2014 effective
May 6, 2014. This pit will commence
in Year 1 of the Rolling Start and will be completed in Year 2.
In tandem with the stripping, the City of Rouyn-Noranda has also prepared to
commence logging the area covered by the proposed mining
complex. This is a mutually and financially beneficial and
appreciated arrangement for both the City and Gold Bullion as it
will aid in the preparation of the ground for initial mining.
The Company also wishes to confirm that
noise-monitoring studies required for the CofA have recently been
completed and forwarded to the Ministry evaluating the application
for CofA. Although water quality studies have been done,
additional water level studies of local wells are to be initiated
in the near future. These are all ongoing studies to comply
with Ministry Guidelines, the Mining Act and community
concerns.
The Granada Rolling Start has been developed by
the Company as a model to derisk the project while optimizing
exploration, mining, and processing parameters for best fit under
current economic conditions. The model is sufficiently dynamic and
has been developed to anticipate future market changes.
Additionally, Public Consultation is continuing
with the communities of Granada
and Rouyn-Noranda to address their
concerns in a positive and respectful manner for the mutual benefit
of all. A number of questions and concerns have been put forward
and the Company is committed to answering and dealing with any
issues while maintaining a commitment to the environment while
moving forward within the confines of legislation and regulations
mandated by both Federal and Provincial Governments.
Qualified Persons
Claude Duplessis,
P. Eng., President of GoldMinds Geoservices, is responsible for and
technical information herein and has reviewed and approved the
contents of this news release. Claude
Duplessis is a Qualified Person and is independent of Gold
Bullion within the meaning of NI 43-101.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX
Venture-listed junior natural resource company focusing on the
exploration and development of its Granada Property near
Rouyn-Noranda, Québec, and its
high grade Castle Silver Mine in Gowganda, Ontario. Additional
information on the Company's Granada gold property is available by visiting
the website at www.GoldBullionDevelopmentCorp.com and on
SEDAR.com.
"Frank J. Basa"
Frank J. Basa,
P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release may
contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such
statements.
SOURCE Gold Bullion Development Corp.
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