VANCOUVER,
Sept. 12, 2012 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is pleased to announce it has awarded
a contract of professional services to SGS Canada Inc., Geostat
Mineral's service group under direction of Claude Duplessis, P. Eng. and qualified person,
for the completion of a preliminary feasibility study by the end of
2012 in order to fast track the development of the Granada
Property. The Company has requested the preparation of a short term
scenario for custom milling while it continues to develop the long
term plan with an on-site mill.
As of today, backlog is now completed and the
remaining core and new core drilled have been split and sent to
Accurassay Laboratories for gold fire assay.
The latest available assay results are being
compiled and interpreted and will be provided and publicly
disclosed in the coming weeks.
Frank Basa, Gold
Bullion's CEO, is very pleased to move forward toward production of
gold from the Granada
property.
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.
"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.