VANCOUVER,
March 14, 2012 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is pleased to announce 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.
Hole GR-11-390 confirms extension of the
mineralization at depth. This hole is the northern most hole
drilled thus far from which data is available. High grade gold
intersections continue to be discovered at depth on the northern
extension from existing mineralization.
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. Frank
Basa, Gold Bullion's CEO, is very encouraged by results that
consistently demonstrate the presence of widespread significant
gold on the Granada property.
Additional substantive drill data is included in
a table format below.
Hole |
From (m) |
To(m) |
Length(m) |
Au g/t |
GR-10-29 |
203.00 |
321.00 |
118.0 |
0.31 |
including |
268.50 |
321.00 |
52.5 |
0.55 |
including |
316.50 |
321.00 |
4.5 |
3.78 |
GR-10-30 |
63.50 |
284.50 |
221.0 |
0.30 |
including |
63.50 |
134.25 |
70.8 |
0.62 |
including |
126.75 |
134.25 |
7.5 |
3.25 |
GR-10-66 |
33.00 |
153.00 |
120.0 |
0.47 |
including |
33.00 |
78.00 |
45.0 |
0.70 |
including |
129.00 |
153.00 |
24.0 |
0.89 |
GR-10-89 |
4.50 |
18.00 |
13.5 |
2.44 |
|
100.50 |
152.00 |
51.5 |
0.29 |
including |
137.00 |
152.00 |
15.0 |
0.77 |
GR-10-123 |
22.00 |
140.50 |
118.5 |
0.31 |
including |
116.00 |
140.50 |
24.5 |
0.99 |
including |
127.50 |
137.50 |
10.0 |
1.92 |
GR-10-162 |
18.40 |
40.65 |
22.3 |
0.30 |
|
57.15 |
77.00 |
19.9 |
0.38 |
GR-10-191 |
136.50 |
285.40 |
148.9 |
0.19 |
including |
136.50 |
145.00 |
8.5 |
0.67 |
GR-11-202 |
3.00 |
13.82 |
10.8 |
0.49 |
|
56.50 |
63.00 |
6.5 |
0.35 |
GR-11-204 |
2.40 |
52.50 |
50.1 |
0.39 |
including |
43.50 |
52.50 |
9.0 |
1.80 |
GR-11-208 |
188.50 |
202.35 |
13.9 |
0.62 |
GR-11-264 |
27.50 |
85.50 |
58.0 |
0.29 |
including |
27.50 |
33.50 |
6.0 |
1.37 |
including |
78.00 |
85.50 |
7.5 |
0.60 |
GR-11-265 |
21.00 |
118.00 |
97.0 |
0.86 |
including |
28.00 |
45.00 |
17.0 |
1.39 |
including |
78.00 |
109.00 |
31.0 |
1.65 |
GR-11-267 |
26.00 |
56.00 |
30.0 |
0.41 |
GR-11-277 |
18.50 |
112.45 |
94.0 |
0.42 |
including |
88.40 |
112.00 |
23.6 |
1.13 |
GR-11-278 |
36.50 |
111.00 |
74.5 |
0.55 |
including |
76.00 |
90.10 |
14.1 |
1.79 |
GR-11-279 |
22.50 |
218.00 |
195.5 |
0.26 |
including |
193.50 |
209.00 |
15.5 |
1.37 |
GR-11-281 |
42.00 |
231.50 |
189.5 |
0.35 |
including |
130.90 |
149.50 |
18.6 |
2.41 |
GR-11-283 |
232.00 |
299.50 |
67.5 |
0.24 |
GR-11-284 |
18.70 |
186.00 |
167.3 |
0.68 |
including |
51.50 |
95.50 |
44.0 |
0.37 |
including |
154.80 |
186.00 |
31.2 |
2.85 |
GR-11-289 |
19.50 |
108.00 |
88.5 |
0.32 |
including |
25.30 |
36.00 |
10.7 |
1.08 |
GR-11-290 |
15.50 |
136.50 |
121.0 |
0.39 |
including |
15.50 |
72.00 |
56.5 |
0.74 |
GR-11-291 |
30.00 |
80.50 |
50.5 |
0.64 |
including |
30.00 |
61.00 |
31.0 |
0.97 |
GR-11-292 |
10.50 |
134.00 |
123.5 |
0.41 |
including |
96.50 |
134.00 |
37.5 |
0.53 |
GR-11-294 |
19.00 |
130.00 |
111.0 |
0.87 |
including |
73.50 |
109.50 |
36.0 |
2.42 |
GR-11-296 |
11.50 |
126.50 |
115.0 |
0.78 |
including |
11.50 |
69.50 |
58.0 |
1.40 |
GR-11-390 |
285.00 |
541.50 |
256.5 |
0.44 |
including |
285.00 |
350.50 |
65.5 |
0.65 |
including |
340.00 |
350.50 |
10.5 |
2.92 |
including |
480.00 |
541.50 |
61.5 |
0.86 |
including |
480.00 |
484.50 |
4.5 |
4.52 |
including |
532.50 |
541.50 |
9.0 |
2.81 |
Exactly 80%, (24 of the 30) drill holes intersected significant
mineralization. The 6 holes that did not were omitted from
the above table. Those omitted were holes, GR-10-168, GR-11-244,
GR-11-245, GR-11-247, GR-11-249 & GR-11-273.
Holes 244, 245, 247 & 249 were exploration
holes drilled outside the main mineralized zone, while hole 168
encountered directional challenges and did not therefore yield
noteworthy results. The widths reported in the preceding table are
drill widths as "true" widths are unknown at this time. All assays
are uncut, length-weighted average values.
Core analysis from the above holes was
undertaken by ALS Chemex Labs in Val
d'Or, Quebec, and by the Accurassay Laboratory in
Timmins, Ontario. Gold was assayed
by fire assay with additional metallics analysis on samples where
visible gold was apparent and identifiable. Quality control was
further enhanced by inserting blind certified standard reference
material and blanks into the sample stream at regular
intervals. This control procedure was carried out by logging
personnel to ensure the highest level of independent assessment and
overall analytical accuracy.
Claude Duplessis, Eng. is acting as the
qualified person (QP) for Gold Bullion Development Corp. in
compliance with National Instrument 43-101 and has reviewed the
technical contents of this press release.
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.
Additional information on the company's Granada gold property is available by visiting
their website at www.GoldBullionDevelopmentCorp.com and on
SEDAR.com.
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.