Belegger.nl

[verwijderd] 16 februari 2011 14:40

0

Koffiekamer: Gold Bullion Developement Corporation
Ca:GBB
www.iex.nl/Forum/Topic/1241573/Koffie...

Geen bijzonder nieuws kunnen vinden en toch, onverwachts, gisteren een grote sell-off tot zelfs even bijna 30% op ook nog eens een flink handelsvolume ???????

haas 16 februari 2011 15:11

0

wss dump van Go Hung ?:)

smith&jones 16 februari 2011 15:16

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Tja, was ook behoorlijk gehyped en gestegen op nogal standaard berichten imo...

S&J.

benito c. 19 februari 2011 12:18

1

Ik had ze wel gekocht, indertijd, op 39c. Nu er maar uit gestapt. Niet goed qua timing, maar wel 40% winst.
Nav. de sell off heb ik er naar gekeken. Laatste bericht was inderdaad niet goed, te lage graden. En uberhaupt de laatste tijd weinig goede boringen meer. Beursnotering toch fors, richting de 100 miljoen.
Eigenlijk gewoon teveel als je vergelijkt met Premium Exploration of Evolving, die telkens fantastische boringen hebben,of Galway.
Denk dus dat het aandeel te veel opgelopen was, en dat het geld beter aan te wenden is.

[verwijderd] 7 november 2012 18:54

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en junior exploration company die op het punt staat om met zijn 2e RE 43-101 release te komen:

www.goldbulliondevelopmentcorp.com/en...

Ik zou zeggen lees zelf de feiten en maak de optelsom. Zeker als de goudprijs dadelijk gaat stijgen en je locatie de Cadilac Trend is nabij Osisko en Agnico Eagle. Zelf mining of een buy out. Kortom een koopje.

www.goldbulliondevelopmentcorp.com/en...

Groeten...

[verwijderd] 7 november 2012 18:55

0

Suite 1005, 1155 Rene Levesque Street West
Montreal, Quebec H3B 2J2
Tel: 514-397-4000 / Fax: 514-397-4002
DRILL HOLE GR-12-400 EXTENDS NEAR SURFACE MINERALIZED ZONE AN
ADDITIONAL 175 METERS TO THE WEST OF THE CURRENT LONG BARS ZONE
RESOURCES MODEL
October 18, , 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
“Company” or “Gold Bullion”) is pleased to announce that drill-hole GR-12-400, the westernmost of the holes available to date, has hit significant gold mineralization.
GR-12-400 returned 0.45 g/t Au over 85.50 metres from 30.0 to 115.5 metres including 2.19 g/t
Au over 4.50 metres near surface from 30.0 to 34.5 metres down hole. These results confirm the
extension of gold mineralization continuing 175 metres to the west of the current resource model
at the Granada gold property. The total extent of confirmed mineralization now reaches 1400m
East-West by 950m North-South. This is a significant confirmation of gold mineralization
extension in the context of the resource estimate and suggests the overall gold resource will be
larger than the 641,100 ounces of gold Measured/Indicated and 846,600 ounces of gold Inferred
as delineated in the summary press release dated April 2
nd
, 2012.
The average grade of 0.45 g/t Au over 85.50 metres returned in hole GR-12-400 is noteworthy
when compared to the 0.40 g/t Au cut-off grade utilized in the most recent and current NI-43-101
resource estimate. The overall grade of this mineralization extension hole is likely high enough
for inclusion in the resource update expected to be released prior to the end of 2012.
Other highlights include holes:
• GR-12-413 - 0.55 g/t Au over 109.5 metres from 4.5 metres to 114.0 metres
• GR-12-412 - 0.58 g/t Au over 82.5 metres from 15.0 metres to 97.5 metres
• GR-12-414-R - 0.92 g/t Au over 28.5 metres from 7.5 metres to 36.0 metres
Additional drill results are included further below.
The Granada gold property is located on the prolific Cadillac trend in north-western Quebec, 5
km south of the city of Rouyn-Noranda, bordering Osisko-controlled property on one side. The
jurisdiction is widely acknowledged as world class with a rich history of mining in a stable geopolitical environment that features numerous economic gold deposits and operating gold mines
with Quebec consistently ranking in the top five best places to mine globally.
With over 80% of the expanded LONG Bars zone yet to be systematically explored, ongoing drill
results that continue to hit significant gold mineralization are suggestive of a potentially massive
deposit similar in size to other world-class deposits documented in the region. The advanced
infrastructure and advantageous Granada location will facilitate and assist Gold Bullion
Development Corp. as the Company moves toward mine development and gold production.Drill Hole From To Length(m) Au (g/t)
GR-12-395 72.0 85.5 13.50 0.64
GR-12-396 49.5 63.0 13.50 0.64
GR-12-397 34.0 42.0 8.00 0.53
GR-12-398 52.5 60.0 7.50 0.58
GR-12-399 129.0 138.0 9.00 0.83
GR-12-399 36.0 45.0 9.00 0.45
GR-12-400 30.0 115.5 85.50 0.45
including 30.0 31.5 1.50 6.39
including 61.5 64.5 3.00 3.41
including 114.0 115.5 1.50 2.49
GR-12-401 93.0 100.5 7.50 0.82
GR-12-411 42.0 49.5 7.50 0.75
GR-12-411 121.5 129.0 7.50 0.65
GR-12-412 15.0 97.5 82.50 0.58
including 15.0 19.5 4.50 8.39
including 94.5 97.5 3.00 1.46
GR-12-413 4.5 114.0 109.50 0.55
including 4.5 7.5 3.00 11.54
including 81 82.5 1.50 1.07
including 93.0 94.5 1.50 4.40
including 112.5 114.0 1.50 2.50
GR-12-414-R 7.5 36.0 28.50 0.92
including 7.5 9.0 1.50 1.75
including 12.0 15.0 3.00 3.26
including 16.5 19.5 3.00 1.69
including 28.5 36.0 7.50 0.94
GR-12-436 37.5 42.0 4.50 1.62
GR-12-436 264.0 267.0 3.00 4.01
GR-12-437 48.0 51.0 3.00 1.34
GR-12-438 10.0 12.0 2.00 0.57
GR-12-438 57.0 60.0 3.00 0.80
GR-12-438 85.5 88.5 3.00 1.17
GR-12-439 18.0 24.0 6.00 0.83
Core lengths are close to true thickness and uncut, some intervals include low-grade zones.
Accurassay Laboratory conducted the 50-gram fire assay testing at their facility in Ontario with
blanks and standards inserted into the sequence in addition to Laboratory QA/QC.
Moreover, the water-filled pit bottom survey carried out by Mazac Geoservices Inc., at the
request of SGS, has demonstrated that the small pit to the East is a shallow pit of one lift only and
easily accessible gold mineralization considered mined out in previous resource statement will
now be incorporated. Historical tailings are only in historical Pit 1 north of shaft #1.Frank Basa, Gold Bullion’s CEO, remains confident in the potential of Granada as drill results
continue to demonstrate the presence of progressively increasing widespread significant gold
mineralization supportive of a near-surface low-grade bulk mining scenario. Additional details
regarding ongoing planning and continued progress at Granada will be released as they are
finalized. The Company remains committed to releasing an updated NI-43-101 by the end of
December 2012.
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
the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000
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. Forwardlooking 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.

[verwijderd] 7 november 2012 19:04

0

-1-

Suite 1005, 1155 Rene Levesque Street West
Montreal, Quebec H3B 2J2
Tel: 514-397-4000 / Fax: 514-397-4002
GOLD BULLION RELEASES RESULTS FROM 43 BACKLOGGED PHASE III
GRANADA DRILL DATA INCLUDING 1.76 G/T AU OVER 58.0 M
September 18, 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF)
(the “Company” or “Gold Bullion”) is pleased to announce results from the backlogged Phase III
drill data at Granada. With over 80% of the expanded LONG Bars zone yet to be systematically
explored, these ongoing, consistently strong drill results are suggestive of a potentially massive
deposit similar to other existing world-class deposits in the region.
Results from the backlogged core continue to show intersections with grades indicative of lowgrade, high-tonnage, open pit potential.
Granada is located on the prolific Cadillac trend in northwestern Quebec, 5 km south of the city
of Rouyn-Noranda bordering Osisko-controlled property on one side. The jurisdiction is widely
acknowledged as world class with a rich history of mining, featuring numerous economic gold
deposits and operating gold mines with Quebec consistently ranking in the top five best places to
mine globally.
The April 2
nd
, 2012 summary NI-43-101 press release delineated 1.5 million ounces of gold over
three categories and was the first resource milestone of 2012 as the Company continues to move
forward in determining the total size of the Granada gold deposit.
The advanced infrastructure and advantageous Granada location will facilitate and assist Gold
Bullion Development Corp. as the Company moves toward mine development and gold
production.
Of the 43 holes reported here, 93% contained measurable gold with just 3 reporting back nonsignificant values. The entire table of results is included and follows these highlights:
• GR-11-362 - 1.76 g/t Au over 58.0 metres from 143.0 metres to 201.0 metres including
15.27 g/t Au over 6.0 metres from 143.0 metres to 149.0 metres
• GR-11-335 - 0.71 g/t Au over 114.0 metres from 24.0 metres to 138.0 metres
• GR-11-350 - 0.86 g/t Au over 97.5 metres from 16.5 metres to 114.0 metres
Drill Hole From To Length(m) Au (g/t)
GR-11-330 61.0 68.8 7.84 7.93
Including 61.0 64.0 3.04 19.23
GR-11-330 99.0 112.0 13.00 5.63
Including 99.0 102.0 3.00 22.35
Including 109.0 112.0 3.00 1.88Drill Hole From To Length(m) Au (g/t)
GR-11-331 71.1 82.5 11.42 0.50
GR-11-331 129.0 132.0 3.00 1.41
GR-11-332
NSV
GR-11-333
NSV
GR-11-335 24.0 138.0 114.00 0.71
Including 39.5 42.0 2.50 2.95
Including 99.4 103.0 3.60 5.01
Including 131.0 138.0 7.00 5.73
GR-11-336 21.0 81.5 60.40 0.50
Including 77.0 81.5 4.50 3.50
GR-11-337 9.0 64.0 55.00 0.33
Including 59.5 64.0 4.50 2.30
GR-11-337 131.5 134.5 3.00 2.64
GR-11-338 6.0 56.0 50.00 0.47
Including 21.0 25.5 4.50 2.42
Including 43.5 48.0 4.50 1.18
GR-11-339 6.0 29.0 23.00 0.56
Including 23.5 26.5 3.00 3.20
GR-11-340 6.5 142.0 135.50 0.29
Including 6.5 14.0 7.50 0.53
Including 111.0 142.0 31.00 0.77
Including 124.0 128.5 4.50 2.12
GR-11-342 66.0 69.4 3.36 1.19
GR-11-343 222.0 225.0 3.00 1.68
GR-11-344 19.5 30.0 10.50 1.27
Including 22.5 27.0 4.50 2.64
GR-11 346 13.5 53.0 39.50 0.26
Including 50.5 53.0 2.50 1.98
GR-11-347 16.0 63.0 47.00 0.36
Including 50.0 63.0 13.00 0.82
Including 60.0 63.0 3.00 2.47
GR-11-348 41.0 52.5 11.50 0.39
GR-11-349 82.5 89.0 6.50 2.74
GR-11-350 16.5 114.0 97.50 0.86
GR-11-350 16.5 21.0 4.50 15.72
and 207.5 300.0 92.50 0.56
including 236.0 239.0 3.00 9.62
including 297.0 300.0 3.00 2.97
GR-11-351 161.0 173.0 12.00 0.43
GR-11-352 18.5 24.0 5.50 0.60
GR-11-352 100.5 103.5 3.00 5.04
GR-11-354 158.5 350.1 191.55 0.54
Including 171.0 176.0 5.00 6.08
Including 204.0 208.5 4.50 3.65
Including 244.3 247.6 3.30 1.86
Including 301.0 303.7 2.70 2.65
Including 318.5 321.5 3.00 3.87
Including 341.0 344.0 3.00 2.12
GR-11-357 110.0 125.5 15.50 0.74
including 119.3 122.5 3.20 2.44
GR-11-359 159.0 165.0 6.00 1.02Drill Hole From To Length(m) Au (g/t)
GR-11-360 93.0 96.0 3.00 2.88
GR-11-360 122.0 125.0 3.00 0.85
GR-11-361 82.5 153.5 71.00 0.55
including 84.0 102.5 18.50 0.93
including 82.5 87.0 4.50 2.74
including 99.5 102.5 3.00 1.29
including 150.5 153.5 3.00 5.29
GR-11-362 56.0 61.5 5.50 1.40
GR-11-362 143.0 201.0 58.00 1.76
including 143.0 149.0 6.00 15.27
GR-11-363 23.5 82.5 59.00 0.43
GR-11-367 155.1 159.0 3.90 0.91
GR-11-370 139.0 163.5 24.50 0.57
GR-11-372 116.5 182.0 65.50 0.28
including 116.5 120.5 4.00 1.34
including 142.5 145.5 3.00 1.94
including 181.0 185.0 4.00 0.83
GR-11-375 10.5 120.3 109.80 0.32
including 117.0 120.3 3.30 7.22
GR-11-375 173.5 177.0 3.50 0.98
GR-11-376 275.0 395.0 12.00 0.39
GR-11-378 29.0 78.0 49.00 0.47
including 22.5 29.5 7.00 1.75
including 75.0 78.0 3.00 2.20
GR-11-380 8.0 58.0 50.00 0.63
including 10.0 13.5 3.50 6.95
including 54.5 58.0 3.50 1.11
GR-11-381 13.0 23.0 10.00 4.68
including 16.5 19.5 2.95 15.13
GR-11-382
NSV
GR-11-383 25.5 33.0 7.50 0.67
GR-11-386 24.0 61.5 37.50 0.45
including 48.0 61.5 13.50 1.14
including 58.5 61.5 3.00 2.49
GR-11-387 22.5 32.5 10.00 0.31
GR-11-388 66.0 73.5 7.50 0.77
GR-11-391 39.0 174.0 135.00 0.26
including 39.0 48.5 9.50 0.99
including 104.0 107.0 3.00 1.48
including 171.0 174.0 3.00 2.28
GR-11-392 343.5 346.5 3.00 2.19
GR-11-393 164.5 465.5 301.00 0.31
including 164.5 167.5 3.00 2.52
including 273.5 278.0 4.50 2.10
including 296.0 299.5 3.50 2.05
including 318.0 321.8 3.80 2.81
including 427.5 433.0 5.50 3.62
Core lengths are close to true thickness and uncut. Intervals include internal waste.Accurassay Laboratory conducted the 50-gram fire assay testing at their facility in Ontario with
blanks and standards inserted into the sequence in addition to Laboratory QA/QC.

[verwijderd] 7 november 2012 19:05

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-2-

Frank Basa, Gold Bullion’s CEO, is very encouraged by drill results that continue to demonstrate
the presence of widespread, significant gold mineralization on the Granada property in support of
a near-surface low-grade bulk mining scenario against a backdrop of rising precious metal prices
and a long term gold bull.
The Company remains committed to releasing an updated NI-43-101 prior to the end of Q4, 2012
inclusive of these and additional drill results expected to become available in the interim.
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
the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000
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. Forwardlooking 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.

[verwijderd] 7 november 2012 19:06

0

Suite 1005, 1155 Rene Levesque Street West
Montreal, Quebec H3B 2J2
Tel: 514-397-4000 / Fax: 514-397-4002
GOLD BULLION ANNOUNCES ADDITIONAL DEEP HOLE DRILL RESULTS WITH
HIGH GRADE GOLD (8.26 G/T AU OVER 1.50 METRES) AT DEPTH
August 30, 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
“Company” or “Gold Bullion”) is pleased to announce additional drill results as a follow up from
the Preliminary Deep Hole Preliminary Results released on July 9
th
, 2012.
The expanded LONG Bars zone deposit on the Granada Gold Property represents potentially one
of the largest undeveloped gold deposits along the Cadillac trend in north-western Quebec,
located 5 km south of the city of Rouyn-Noranda. The region is home to several significant
producing gold mines and world-class multi-million ounce deposits.
The jurisdiction has a long history and is renowned for its culture of mining, numerous economic
gold deposits and extensive infrastructure, all of which is evidenced by Quebec consistently
ranking in the top five best places to mine globally.
The recent deep drill program to the north and shallow drill program to the west was intended to
enlarge the mineralization envelope of the expanded LONG Bars zone. To date, two deep holes
and four wedges have been completed with assays. The drill program, which commenced in the
spring of 2012, was designed to step out from the known LONG Bars zone resource to the north
at depth and near surface to the west. Deep drilling has expanded the mineralization by 650
metres to the north and an additional 600 metres in depth where the mineralization envelope
remains wide open for expansion. Results from drilling to the west are still pending.
Highlights from the northern deep drilling including the wedges in deep holes DUP-12-02 and
DUP-12-03:
- 8.18 grams per tonne gold across 1.5 metres from 1218.0 to 1219.5 meters down
hole including 4.11 grams per tonne across 3.0 metres from 1218.0 to 1221.0 in
hole Dup-12-03W2 -- a wedge hole drilled to provide a full cut of the
mineralization envelope at depth
- 8.26 grams per tonne gold across 1.5 metres from 784.5 to 787.0 metres down
hole including 4.19 grams per tonne gold across 3.0 metres from 784.5 to 787.5
metres in hole Dup-12-02W1 -- a wedge hole drilled to provide a full cut of the
mineralization envelope at depth
Down hole core length is close to true thickness and uncut.
These drill results continue to confirm specific high-grade zones at depth with thickness and
grade suitable for underground mining.Additional drill results from the backlog of drilling done in 2011 and the recent shallow drilling
to the west will be released shortly. These results will further expand the LONG Bars zone on
strike with the full implications thereof, in terms of the expansion of the gold resource, to be
released in an updated NI-43-101 expected by year-end 2012. There is a vast amount of ground
yet to be systematically explored to expand the LONG Bars zone, leaving considerable upside in
light of the drilling results that continue to return measurable gold mineralization in over 90% of
the drill holes.
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. Accurassay Laboratory conducted the 50-gram fire assay results at their facility
in Ontario. Blanks and standards were inserted into the sequence in addition to Laboratory
QA/QC.
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 www.sedar.com
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO, at 1-514-397-4000

[verwijderd] 7 november 2012 19:09

0

Suite 1005, 1155 Rene Levesque Street West
Montreal, Quebec H3B 2J2
Tel: 514-397-4000 / Fax: 514-397-4002
PRELIMINARY RESULTS FROM THE DEEP HOLE PROGRAM CONFIRMS
EXTENSION OF GOLD MINERALIZATION 800 METRES DOWN PLUNGE AND 900
METRES VERTICAL DEPTH
July 9, 2012 – Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (the
“Company” or “Gold Bullion”) is pleased to announce preliminary drill results from holes and
wedge holes located to the north of the existing 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.
Frank Basa, Gold Bullion’s CEO, is very encouraged by results that consistently demonstrate the
presence of widespread significant gold on the Granada property. Hole DUP-12-02 intercepted
4.15 grams Au per tonne over a 3 metre core length at 615 metres and 4.58 grams per tonne Au
over 3 metres at 995 metres depth.
The drill plan initially called for three deep holes with one wedge in each hole and commenced
with hole DUP-12-03. Due to excessive deviation, this hole was subsequently abandoned at the
400-metre level. Hole DUP-12-03A, located 400 metres NNE (12 degrees North) of hole GR-11-
390 was drilled just 25 metres to the west of DUP-12-03 and down to a depth of 1,323 metres.
Three wedge holes W1, W2 and W3 were put into DUP-12-03A.
Hole DUP-12-02, located 830 metres NNE (24 degrees North) of hole GR-11-390, was drilled
down to 1,593 metres with one wedge hole added, W1.
Due to the success of DUP-12-03A, DUP-12-02 and the associated wedges, (observation of
visible gold and typical alteration zones) and in conjunction with the observation of visible gold
in the western extension holes GR-11-375 and GR-11-363 in the backlog program, the drill was
reassigned to the western extension to further evaluate near surface mineralization and hole DUP-
12-01 drilling was temporarily put on hold.
The following table contains the highlights of the preliminary results. These additional gold fire
assay results continue to demonstrate low grade, high tonnage, near surface intersections while
also confirming specific high-grade zones at depth with thickness and grade suitable for
underground mining.
Gold Bullion Granada
Highlight of partial results
Hole From (m) To (m) Length(m) Au g/t
DUP-12-02 607.50 610.50 3.00 4.15
including 607.50 609.00 1.50 8.23Gold Bullion Granada
Highlight of partial results
DUP-12-02 992.50 995.50 3.00 4.58
including 992.50 994.00 1.50 9.13
DUP-12-03A 660.00 662.50 2.50 1.38
including 661.00 662.50 1.50 3.21
DUP-12-03A 906.00 909.00 3.00 2.07
including 906.00 907.50 1.50 3.58
DUP-12-03AW1 904.50 907.50 3.00 0.82
including 904.50 906.00 1.50 1.21
DUP-12-03AW2 660.00 663.00 3.00 4.12
including 661.50 663.00 1.50 8.12
DUP-12-03AW2 786.00 789.00 3.00 2.34
including 787.50 789.00 1.50 4.44
DUP-12-03AW2 814.50 817.50 3.00 2.04
including 816.00 817.50 1.50 3.13
DUP-12-03AW2 906.00 909.00 3.00 1.40
including 907.50 909.00 1.50 2.50
GR-11-358 4.50 15.00 10.50 0.53
GR-11-358 149.00 339.65 190.65 0.39
including 149.00 170.00 21.00 1.19
including 149.00 150.50 1.50 6.38
including 165.50 167.00 1.50 3.86
including 237.00 246.00 9.00 0.86
including 271.50 279.00 7.50 2.61
including 328.00 339.65 11.65 0.80
Core length close to true thickness
Blanks and standards were inserted into the sequence at the QA/QC Laboratory while the 50-
gram fire assay results were provided by Accurassay Laboratory prepared in Rouyn. Fire assays
were conducted at their facility in Ontario.
Frank Basa, Gold Bullion’s CEO, is pleased as results continue to demonstrate the presence of
widespread significant gold on the Granada property in support of the hypothesis encompassing
both a low grade near surface mine and a higher grade underground mine.
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
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com

[verwijderd] 8 november 2012 20:28

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-2-

Hole From (m) To (m) Length(m) Au g/t
GR-11-241 283.00 289.00 6.00 2.25
GR-11-242 93.50 207.20 113.70 0.50
including 100.50 109.00 8.50 2.21
including 176.90 181.00 4.10 4.04
GR-11-246 243.00 283.50 40.50 0.47
GR-11-251 NSI
GR-11-253 127.50 139.50 12.00 1.60
GR-11-254 NSI
GR-11-257 165.50 211.50 46.00 2.25
including 189.50 211.50 22.00 4.42
including 312.00 323.50 11.50 0.41
GR-11-261 23.50 31.75 8.25 0.52
GR-11-261 223.50 258.00 34.50 0.31
GR-11-262 NSI
GR-11-263 NSI
GR-11-264 347.00 353.00 6.00 3.31
GR-11-270 NSI
GR-11-285 13.25 30.70 17.45 0.88
GR-11-288 NSI
GR-11-299 18.50 97.00 78.50 0.54
including 25.00 35.00 10.00 1.34
including 80.00 97.00 17.00 1.14
including 89.00 97.00 8.00 1.95
GR-11-300 16.50 84.50 68.00 0.70
including 16.50 28.50 12.00 0.89
including 68.50 84.50 16.00 1.98
GR-11-301 51.00 55.50 4.50 1.18
GR-11-302 16.00 126.50 110.50 0.48
including 16.00 83.50 67.50 0.68
including 30.00 53.50 23.50 1.11
including 46.00 53.50 7.50 2.47
including 75.50 83.50 8.00 1.26
GR-11-303 9.50 137.00 127.50 0.66
including 9.50 43.00 33.50 1.77
including 68.50 98.00 29.50 0.57
including 87.00 98.00 11.00 0.83
GR-11-304A 229.50 345.00 115.50 0.34
including 229.50 240.00 10.50 0.60
including 290.00 300.00 10.00 1.30
including 316.50 326.00 9.50 0.64
GR-11-305 11.00 20.00 9.00 0.52
including 10.00 13.00 3.00 1.18
GR-11-305 70.50 82.00 11.50 0.58
GR-11-306 11.00 20.00 9.00 0.52
GR-11-306 70.50 82.00 11.50 0.58
including 76.50 82.00 5.50 0.60
GR-11-307 61.00 79.50 18.50 0.36
including 62.00 67.00 5.00 1.01
GR-11-308 29.00 90.00 61.00 0.34
including 29.00 33.50 4.50 3.11
GR-11-309 12.50 91.50 79.00 0.89
including 55.00 91.50 36.50 1.71
including 60.50 85.00 24.50 2.26
including 60.50 71.50 11.00 3.87
including 77.00 85.00 8.00 1.54
GR-11-309 154.50 165.00 10.50 0.82
GR-11-310 15.00 44.23 29.23 15.61
including 21.00 26.00 5.00 88.97
including 22.00 23.00 1.00 443.78
GR-11-311 54.50 86.50 32.00 2.49
including 65.50 73.00 7.50 9.44
GR-11-311 157.00 180.50 23.50 0.74
including 157.00 169.00 12.00 1.17
GR-11-312 27.58 38.50 10.92 0.70
Including 27.58 30.50 2.92 1.65
GR-11-312 84.00 87.00 3.00 1.50
GR-11-313 3.30 51.95 48.65 0.37
including 3.30 10.00 6.70 1.80
GR-11-313 106.00 117.50 11.50 0.45
GR-11-313 117.50 132.50 15.00 0.48
GR-11-314 3.30 78.00 74.70 0.41
including 61.00 78.00 17.00 1.10
including 61.00 65.50 4.50 2.12
and 25.50 29.50 4.00 0.74
GR-11-315 66.50 109.50 43.00 0.32
including 76.00 109.50 33.50 0.36
including 76.00 89.00 13.00 0.55
and 102.00 109.50 7.50 0.52
GR-11-316 105.50 150.00 44.50 0.37
including 105.50 122.00 16.50 0.68
including 113.00 122.00 9.00 1.01
GR-11-317 NSI
GR-11-318 NSI
GR-11-319 76.00 79.00 3.00 0.48
GR-11-320 12.00 84.00 72.00 0.46
including 32.00 44.50 12.50 1.84
GR-11-321 94.50 101.00 6.50 0.97
including 94.50 97.50 3.00 1.63
GR-11-322 24.50 33.00 8.50 0.46
GR-11-322 79.50 85.50 6.00 0.67
GR-11-323 NSI
GR-11-324 25.00 40.00 15.00 0.66
including 34.50 39.00 4.50 1.74
GR-11-325 NSI
GR-11-326 4.50 93.50 89.00 0.65
including 4.50 22.00 17.50 2.78
including 11.40 15.50 4.10 11.16
GR-11-324 95.85 99.00 3.15 0.70
GR-11-328 12.50 47.00 34.50 0.78
including 31.50 47.00 15.50 1.59
GR-11-328 71.50 118.5 47.00 0.44
including 114.50 118.5 4.00 3.20
GR-11-329 16.50 19.50 3.00 1.21
GR-11-329 45.90 48.00 2.10 1.08
GR-11-334 75.50 80.50 5.00 0.88
GR-11-334 105.50 121.50 16.00 0.50
GR-11-341 205.50 235.50 30.00 0.44
including 205.50 211.50 6.00 1.21
including 205.50 216.00 10.50 1.01
GR-11-345 91.50 140.00 48.50 0.50
including 91.50 96.00 4.50 2.77
GR-11-345 227.50 243.00 15.50 0.45
GR-11-345 333.50 336.50 3.00 4.45
GR-11-368 184.00 205.15 21.15 1.72
including 201.00 205.15 4.15 7.89
GR-11-369 156.00 211.00 55.00 0.41
including 156.00 179.00 23.00 0.72
including 157.00 167.00 10.00 1.19
GR-11-377 261.00 349.50 88.50 0.62
including 261.00 267.00 6.00 1.79
including 325.00 331.50 6.50 3.56
including 345.00 349.50 4.50 1.05
GR-11-377 427.50 431.00 3.50 3.72
GR-11-379 10.50 15.85 5.35 0.90
GR-11-384 422.50 428.50 6.00 18.25
GR-11-384 309.00 351.00 42.00 0.44
GR-11-385 64.50 73.50 9.00 0.81
GR-11-394 302.50 319.50 17.00 1.23
including 302.50 307.00 4.50 3.28
GR-11-394 516.00 519.00 3.00 2.58

Core lengths are close to true thickness and uncut. Gold Bullion samples and assays all drill holes in their entirety due to the nature of the mineralization and to ensure even the lower grade mineralization is evaluated. In defining grade intervals, in some cases we have included up to 25 metre intervals of internal waste which are determined using the original assay data and the weighted grade cutoff of 0.25 g/t to 0.35 g/t depending on depth of intersection.
Of the 54 holes reported here, 81.5% contained measurable gold with just 10 reporting back non-significant values.
Accurassay Laboratory conducted the 50-gram fire assay testing at their facility in Ontario with blanks and standards inserted into the sequence in addition to Laboratory QA/QC.
Frank Basa, Gold Bullion's CEO, is very pleased about these infill drill results that concurrently increase the quality of the resource classification while supporting the exceptional potential of the property. The Company looks forward to releasing the updated NI-43-101 prior to year-end, 2012.
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 the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer

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[verwijderd] 8 november 2012 20:28

0

-1-

Gold Bullion releases results from 54 backlogged Granada drill holes with hole GR-11-310 returning 15.61 g/t Au over 29.23 metres including 443.78 g/t Au over 1.0 metre near surface
VANCOUVER, Nov. 8, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce the last set of results from the backlogged drill data at Gold Bullion's Granada Gold Property. All the backlogged holes have now been logged and sampled.
The inclusion of this drill data can only increase the quality of the resource classification and corresponding resource estimate size. This is the sixth press release announcing significant additional drill results since the first NI-43-101 was published last spring. The Company is confident that the ongoing release of significant drill results is a strong indication of an ever-increasing potential for a mineable resource.
Results from the backlogged core continue to show intersections with grades indicating a low-grade, high-tonnage, open pit operation with the potential also for a high-grade underground mining scenario.
The flagship Granada property is located on the prolific Cadillac trend in northwestern Quebec, just 5 km south of the city of Rouyn-Noranda with Osisko-controlled property bordering one side. With Quebec consistently ranking in the top five best places to mine globally, the jurisdiction is widely acknowledged as world class with a rich history of mining, featuring numerous economic gold deposits and operating gold mines. The advanced infrastructure around the Granada gold property will be utilized and is an advantage for the Company as plans unfold for mine development and gold production.
The in situ measured resource is 97,700 ounces (3.02 million tonnes grading 1.01 g/t), indicated resource is 543,400 ounces (17.04 million tonnes grading 0.99 g/t), inferred resource is 846,600 ounces gold (23.93 million tonnes grading 1.10 g/t Au) using a cut-off grade of 0.40g/t. The Company also plans continued systematic drilling of the Granada gold deposit with some 80% of the property yet to be explored.
The entire table of results is included and follows these highlights:
Hole GR-11-310: 15.61 g/t Au over 29.23 metres from 15.0 metres to 44.23 metres including 88.97 g/t Au over 5.0 metres from 21.0 metres to 26.0 metres and including 443.78 g/t Au over 1.0 metre from 22.0 metres to 23.0 metres

Hole GR-11-311: 2.49 g/t Au over 32.0 metres from 54.5metres to 86.5 metres including 9.44 g/t Au over 7.5 metres from 65.5 metres to 73.0 metres and including 0.74 g/t Au over 23.5 metres from 157.0 metres to 180.5 metres

Hole GR-11-377: 0.62 g/t Au over 88.5 metres from 261.0 metres to 349.5 metres including 4 distinct intervals: 1.79 g/t Au over 6.0 metres from 261.0 metres to 267.0 metres and 3.56 g/t Au over 6.5 metres from 325.0 metres to 331.5 metres and 1.05 g/t Au over 4.5 metres from 345.0 metres to 349.5 metres and 3.72 g/t Au over 3.5 metres from 427.5 metres to 431.0 metres.

Hole GR-11-384: 0.44 g/t Au over 42.0 metres from 309.0 metres to 351.0 metres and a deep interval of 18.25 g/t Au over 6.0 metres from 422.5 metres to 428.5 metres

[verwijderd] 15 november 2012 20:20

0

Gold Bullion Provides Mineral Resource Estimate Update For Granada
VANCOUVER, Nov. 15, 2012 /PRNewswire/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an updated independent NI 43-101 compliant gold mineral resource estimate 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 total gold resource at Granada now stands at 2,638,000 gold ounces using a cut-off grade of 0.40 g/t with 1,605,000 ounces in the Measured and Indicated categories.
Highlights include the following:
The in situ measured resource is 946,000 ounces (28.735 million tonnes grading 1.02 g/t), indicated resource is 659,000 ounces (18.740 million tonnes grading 1.09 g/t), inferred resource is 1,033,000 ounces gold (29.975 million tonnes grading 1.07 g/t Au) using a cut-off grade of 0.40 g/t.
The selected base case in-pit measured resource is 811,300 ounces (24.992 million tonnes grading 1.01 g/t), indicated resource is 354,600 ounces (9.336 million tonnes grading 1.18 g/t), inferred resource is 11,100 ounces gold (0.449 million tonnes grading 0.77 g/t Au) using an effective cut-off grade of 0.36 g/t based on a Whittle-optimized pit shell simulation using estimated operating costs, a 3 year trailing average gold price of CAN$1450 per ounce and a corresponding lower cut-off grade of 0.36 grams per tonne gold.
Previous small open pits have been taken into account and are starting surfaces of optimization while the historical production of 51,476 ounces (181,744 sT @ 0.28 oz/sT) from 1930 to 1935 are included in the resource statement. (cannot physically remove from measured, indicated or inferred).
The mineralized system is still open at depth and laterally.
SGS Canada Inc, (SGS Geostat office of Blainville, Québec, "SGS") are the independent resource estimate consultants for the Granada project. SGS has authorized the release of the following estimates included in the table below that summarize their block model estimates using variable cut-off grades:

Granada gold deposit In Situ Resource Estimates
Cut-off 0.4 g/t Tonnage Au g/t Au Oz
Measured 28,735,000 1.02 946,000
Indicated 18,740,000 1.09 659,000
Total M+I 47,475,000 1.05 1,605,000
Inferred 29,975,000 1.07 1,033,000

Cut-off 1.0 g/t Tonnage Au g/t Au Oz
Measured 7,810,000 2.14 536,000
Indicated 5,347,000 2.32 398,000
Total M+I 13,157,000 2.21 934,000
Inferred 8,600,000 2.23 617,000

Cut-off 2.0 g/t Tonnage Au g/t Au Oz
Measured 2,533,000 3.76 306,000
Indicated 1,869,000 4.07 245,000
Total M+I 4,402,000 3.89 551,000
Inferred 3,030,000 3.89 379,000
Note: rounded numbers, base case cut-off >0.4 g/t in bold.
SGS also estimated an in-pit resource within a Whittle-optimized pit shell using a base case gold price of CAN$1450 per ounce. The table below summarizes the in-pit resources with the selected base case in Whittle optimizations:
In-pit Estimates* CoG
g/t Ore
M tonnes Grade
g/t Au
oz
Nov 2012
(within
claims &
Au = 1450
$/oz) Measured

Indicated

Inferred 0.36

0.36

0.36 24,992,000

9,336,000

449,800 1.01

1.18

0.77 811,300

354,600

11,100
Mea+Ind
0.36
34,328,900
1.06
1,166,000
*Rounded numbers
The in-pit estimate is based on a mining cost of CAN$2.00 per tonne and a processing cost of CAN$16.00 per tonne (including G&A), assuming gravity cyanidation treatment of the mineralized material.
Other assumptions include 94.1% recovery of gold in and pit wall slope angle of 45 degrees in the south footwall and 50 degrees in the north hanging wall.
Details on the parameters of the resource estimates are as follows:
The database used for Granada includes drilling obtained from the 2009-2010-2011 and 2012 from Gold Bullion drill programs.
Most NQ assays reported by Gold Bullion were obtained by standard 50 g fire assaying-AA finish or gravimetric finish and another fraction by screen metallics at various laboratories, ALS Chemex laboratories in Val d'Or, Quebec, Accurassay, Lab Expert and Swastika.
The estimates were done using Inverse Distance Square (ID2) as the interpolation method based on 1.5 metre analytical composites.
Composites calculations are based on original samples value and were afterward capped at 30 g/t.
All estimates are based on a Parent Cell dimension of 10 metres E, 5 metres N and 5 metres height with search ellipsoid and estimation parameters determined for the mineralized zone geometry.
Geological interpretation for the deposit identified one main structurally-controlled mineralized domain including higher grades within the envelope hosted by conglomerates of the Timiskaming group. The estimation of the mineralized domain was done in 3 runs where the first required a minimum of 4 holes using a maximum of 3 composite per hole within a search ellipsoid of 50m by 50m by 5m dipping 47 degrees north, while the second run used a minimum of 3 holes within a search ellipsoid of 100m by 100m by 10m dipping 47 degrees north, and the last run one hole within the domain minimum 3 composites in a 200m by 200m by 15m dipping 47 degrees north.
For the classification 4 holes with 3 composites within a 40m by 40m by 5m ellipsoid for measured, 3 holes with 3 composites within a 80m by 80m by 10m ellipsoid for indicated, the rest being inferred.
Underground voids (shaft & drifts) were modeled from historical mine plans and adjusted according to positions of drill intersections in stopes and drifts. The stopes could not be placed in space with accuracy. Historical production from underground needs to be subtracted from the resource estimate.
Tonnage estimates are based on rock densities of 2.70 tonnes/cubic metre.
The global resource estimates using the lower cut-off of 0.4 g/t Au is emphasized for reporting purposes as this is close to the in-pit cut-off estimated for the CAN$1450 Whittle shell, which represents the reasonable potential of economic extraction in SGS QP's opinion.
Additional details will be provided in the technical report to be issued within the next 45 days.
Mr. Claude Duplessis, Ing. of SGS is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
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 the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer

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[verwijderd] 26 november 2012 17:20

0

Gold Bullion Provides Mineral Potential at Depth for Granada
VANCOUVER, Nov. 26, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce the potential quantity and grade ranges for the underground extensions at its Granada gold property, located on the prolific Cadillac trend in northwestern Quebec, 5 km south of the city of Rouyn-Noranda.
Based on the resource estimate information and the deep hole program interpretation, SGS Canada Inc. has provided the following potential quantity and grade ranges:

POTENTIAL QUANTITY AND GRADE RANGES (1)

Zone Metric Tonnes (Million) Gold grade (g/t)
UG extension West 7.4 to 11.1 3.40 to 4.70
UG extension East 2.2 to 3.3 3.20 to 4.30
Total 9.6 to 14.4 3.35 to 4.61

(1) The potential quantity and grade is conceptual in nature as there has
been insufficient exploration to define a mineral resource and it is
uncertain if further exploration will result in the target being delineated
as a mineral resource.

The potential stated above is based on projections within the mineralized plan of two and three mineralized zones of 3 meters true width on the west and east side of the deep hole program under highly drilled surface mineralization.
As disclosed in Gold Bullion's press release of November 15, 2012:
The total gold resource at Granada now stands at 1,605,000 gold ounces in the Measured and Indicated categories with 1,033,000 gold ounces in the Inferred category using a cut-off grade of 0.40 g/t. The in situ measured resource is 946,000 ounces (28.735 million tonnes grading 1.02 g/t), indicated resource is 659,000 ounces (18.740 million tonnes grading 1.09 g/t), and inferred resource is 1,033,000 ounces (29.975 million tonnes grading 1.07 g/t Au), using a cut-off grade of 0.40 g/t. Additional information can be found in the Company's press release of November 15, 2012.
On April 22, 2010 the Company set a target of 2.4 to 2.6 million ounces of gold as per the original preliminary block model estimate. That target has been hit as evidenced by the press release dated November 15, 2012. Based on this additional data from SGS, Frank J. Basa, Gold Bullion's CEO, is very pleased to state "The Company is now targeting 3.6 to 4.6 million ounces of gold from the next phase of the continued exploration program at Granada with some 80% of the extended Long Bars zone remaining to be explored."
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.

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[verwijderd] 24 december 2012 09:49

0

GOLD BULLION RECEIVES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT
FOR GRANADA, PROCEEDING TO PRELIMINARY FEASIBILITY STUDY

www.goldbulliondevelopmentcorp.com/Fi...

GOLD BULLION RECEIVES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT
FOR GRANADA, PROCEEDING TO PRELIMINARY FEASIBILITY STUDY
December 21, 2012 – Gold Bullion Development Corp. (TSX.V: GBB) (OTCPINK: GBBFF)
(the “Company” or “Gold Bullion”) is pleased to announce the first economic estimates for its
Granada gold property located on the prolific Cadillac trend in northwestern Quebec, 5 km south
of the city of Rouyn-Noranda. The proposed combination of an open pit and underground
operation has the potential to move Gold Bullion into gold production at the approximate rate of
102,000 ounces of gold per year.
The Preliminary Economic Assessment (PEA) was prepared by SGS Canada Inc. - SGS Geostat
business unit. The PEA is based on the measured, indicated and inferred gold resource estimation
provided by SGS Geostat that was press released on November 15
th
2012 in accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects as defined by "NI 43-
101" regulations. PEA highlights are summarized below:
Assumptions
Gold Price (US$/oz) - 3 years trailing average 1,470
Canadian $ to US$ rate 1.0:1.0
Mineral Resources (recovered ounces)
Underground Resources (1) 387,000
Open pit Resources (2) 739,000
Mine Parameters
Mill feed coming from underground mine (tonnes per day) 1,000
Mill feed coming from open-pit mine (tonnes per day) 6,500
Combined mill feed (tonnes per day) 7,500
Mine plan tonnage (tonnes) 26,400,000
Underground Mine plan mill feed grade (grams/tonne) 3.51
Open-pit Mine plan mill feed grade (grams/tonne) 1.07
Open-pit waste-to-ore ratio 5.91
Estimated gold recovery (%) 94.10
Total gold recovered (ounces) 1,126,000
Pre-production period (years) 2.00
Mine life (years) 11.00 Average annual gold production (ounces) 102,000
Costs
Pre-production capital ($) 259,000,000
Average Underground cash cost per ounce (US$/oz) 1,205
Average Open-pit cash cost per ounce (US$/oz) 985
Financial Return
Payback from start of production (years) 6.80
Internal Rate of Return (before tax) 10.4%
Net present value, pre tax, 5.5% discount ($ disc.) 74,300,000
(All dollar figures expressed in Canadian dollars, except where indicated)
Resource category Tonnes Grade (g/t)
U/G
(1)
Measured 18,000 2.79
Indicated 1,018,000 3.74
Inferred 2,635,000 3.42
Open-pit
(2)
Measured 20,485,000 1.05
Indicated 2,178,000 1.27
Inferred 112,000 0.78
Note: The above chart is presenting the resource as diluted material, mineral resources that
are not mineral reserves and do not have demonstrated economic viability.
At the prevailing gold price on December 19th, 2012 of US$1,650 per ounce and a Canadian to
U.S. dollar exchange rate of 1.00, Gold Bullion has determined that the pre-tax NPV increases to
$217.8 million at a 5.50% discount rate while pre-tax IRR increases to 18.8% with payback time
reduced to 4.8 years (using the same mine plan).
The study was prepared as a stand-alone project, relating solely to the mineral resources deposit
at Granada, and accordingly does not take into account the previously outlined potential at depth
disclosed on November 26
th
, 2012 since it is not mineral resources. Additional work is therefore
required to convert the portion of potential into mineral resources.
The Scoping Study mentioned herein is a preliminary evaluation inclusive of inferred mineral
resources that are too geologically speculative to infer economical considerations that would
classify them into mineral reserves. It is therefore uncertain that this preliminary evaluation
results in the expected outcome.
The complete technical report will be filed on the Company’s website
(www.GoldBullionDevelopmentCorp.com) and on SEDAR (www.sedar.com) in the next 45
days.“We are very pleased to release the Preliminary Economic Assessment study on the Granada gold
deposit” stated Frank J. Basa, P. Eng., President and Chief Executive Officer. “Due to the
dedication and diligence of Gold Bullion's technical team and consultants, we have been able to
deliver this study within just four years of developing the property and are proud to see Gold
Bullion progress as a potential emerging producer of gold in the near term, creating shareholder
value through successful exploration and development while continuing to seek out other
worthwhile opportunities for growth.”
The delivery of the Scoping (PEA) Study completes the first stage of Gold Bullion's Continuous
Development Program at Granada, aimed at advancing the Granada Project to commercial
production, by demonstrating an economic, environmental and social gain, while simultaneously
mitigating the technical, financial, and environmental risks of the Project.
As mineral resources could be affected by permitting and social acceptance issues, Gold Bullion
plans to hold meetings with various stakeholder groups prior to the completion of the PreFeasibility Study and will either be incorporating those views and recommendations into the
study or retaining as recommendations to be addressed in the possible final Feasibility Study.
Claude Duplessis, Eng., Gaston Gagnon, Eng. and Jonathan Gagné, Eng. are acting as the
qualified persons (QP) for Gold Bullion Development Corp. in compliance with National
Instrument 43-101 and have 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
the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000

[verwijderd] 17 februari 2013 12:24

0

www.goldbulliondevelopmentcorp.com/en...

PRESS RELEASES

SUMMARY OF METALLURGICAL TESTS PERFORMED ON HAND COBBED SAMPLES FROM THE BEAVER SILVER MINE, COBALT CAMP
02-14-2013
Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the “Company” or “Gold Bullion”) is pleased to announce the results of a high definition mineralogy study and some scoping level flotation and gravity separation tests done at SGS Lakefield on samples from its Beaver Silver Property, located 15 kilometres east of the historic silver camp in Cobalt, Ontario.

» Download the full press release document (PDF 145kb)

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[verwijderd] 17 februari 2013 12:24

0

GOLD BULLION APPOINTS NEW CFO FOR CASTLE SILVER MINES INC.
February 15, 2013 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
“Company” or “Gold Bullion”) is pleased to announce the appointment of Derrick West as Chief
Financial Officer (“CFO”) of Castle Silver Mines Inc., a wholly owned subsidiary of the
Company. Mr. West will take over from Thomas P. Devlin who will continue to hold the position
of Chief Financial Officer for Gold Bullion.
Mr. West has over eight years experience in public and corporate accounting, with the last four
years spent as CFO of a multi-national mining exploration drilling company. During his tenure as
CFO, Mr. West was able to facilitate and provide the requisite financial support for the
company’s growth plans by fully funding two strategic acquisitions, while also securing several
other debt and equity funding arrangements.
Earlier in his career Mr. West worked ten years with Grant Thornton LLP, an international
accounting and consulting firm. He obtained a chartered accounting designation (“CA”) in 1992
and graduated from Mount Allison University in 1989 with a Bachelor of Commerce degree.
Castle’s President and Chief Executive Officer, Frank Basa, stated: “We are very pleased to have
Derrick join Castle as our CFO. His significant corporate finance and senior management
experience are an excellent complement to the rest of the management team. I would also like to
thank and acknowledge Mr. Tom Devlin for his contribution as Castle’s CFO.”
Gold Bullion also announces that it has granted stock options to Mr. West to purchase 600,000
common shares in the capital of Gold Bullion, exercisable at a price of $0.10 per share for a
period of five years, subject to regulatory approval. The stock options are granted in accordance
with the Company’s stock option plan and the policies of the TSX Venture Exchange.
Castle Silver Mines Inc.
Castle Silver Mines Inc. was incorporated in March 2011 as a wholly-owned subsidiary of Gold
Bullion, for the purpose of taking over the silver assets and exploration activities carried out by
Gold Bullion, so that Gold Bullion could devote itself solely to exploration for gold. Castle
Silver Mines Inc. currently owns the Castle Silver Mine property located in Gowganda, Ontario.
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
the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000

[verwijderd] 10 april 2014 20:04

0

www.stockhouse.com/news/press-release...

Gold Bullion Announces Mou With Iamgold
V.GBB | 3 hours ago
(via Thenewswire.ca)

Montreal, Quebec / TNW-ACCESSWIRE / April 10, 2014 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") announces that it has signed a Memorandum of Understanding ("MOU") with IAMGOLD Corporation ("IMG") dated April 8, 2014 with respect to IMG processing ore emanating from the Granada mine site at its Westwood Mill. After appropriate due diligence, Management has determined IAMGOLD Corporation is the best-positioned local mill facility to process the mineralized material from Granada. In summary, its proximity provides the most cost effective and economic option for the Company due to the short hauling distance from the Granada mine site.

The subject-mineralized material is to be mined from the near surface drill indicated gold resource identified in the Extend LONG Bars Zone. At this stage of property development, the Company is targeting a total of 500,000 to 600,000 tonnes of mineralized material for processing over a three-year period. The transaction terms outlined in the MOU are non-binding on the parties and the MOU is expected to be superseded by a definitive milling agreement to be signed between the parties no later than June 30th, 2014.

Memorandum of Understanding

Under the proposed terms of the MOU, IMG anticipates milling between 500,000 to 600,000 tonnes of gold mineralized material for Gold Bullion or 150,000 to 200,000 tonnes on an annualized basis. Management has set out the initial terms of the milling agreement at three years with the subject-mineralized material to be milled in batches. It is expected typical batch size will range from 35,000 to 50,000 tonnes with each batch of material to be processed consecutively as one complete batch.

Processing will take place on a schedule of one batch every three months. Once each batch of ore has been processed, settlement to Gold Bullion is to be made in the form of recovered precious metals that will be deposited to Gold Bullion metal accounts at the refiners' offices.

The milling agreement will have an Evergreen clause that will renew the agreement automatically for an additional three years upon completion of this first agreement unless either party notifies the other in writing otherwise. This written notice must be with 120 days advance notice prior to the end of this initial term. The milling agreement can also be terminated earlier for convenience or based on other changes in circumstances, again by either party. Detailed specifics of the milling agreement will be forthcoming when finalized by both parties.

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, Quebec, 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

For further information contact:

Frank J. Basa, P. Eng., President and CEO at 1-514-397-4000.

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.

Copyright (c) 2014 TheNewswire - All rights reserved.

TheNewsWire
April 10, 2014 - 10:42 AM EDT

Read more at www.stockhouse.com/news/press-release...

[verwijderd] 10 april 2014 20:51

0

www.stockhouse.com/news/newswire/2014...

Gold Bullion Development (V.GBB) soars 50% on inking MOU with IAMGOLD (T.IMG)
Gaalen Engen Gaalen Engen, Stockhouse.com
0 Comments| 20 minutes ago
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Gold Bullion Development (TSX-V:GBB, StockForum), a Montreal Quebec-based firm engaged in the exploration of Canadian gold and silver properties, announced today that the company had signed a memorandum of understanding with IAMGOLD (TSX:IMG, StockForum) (“IMG”) on April 8, 2014 in regards to IMG processing ore originating from the Granada mine site at its Westwood Mill.

According to the news release, the management decided, after carrying out due diligence, that IMG was the best-located mill facility was the most cost effective and economically viable choice for processing ore from the Granada mine site due to its close proximity to the mine.

Under terms of the MOU, Gold Bullion expects to ship 500,000 to 600,000 tonnes of gold mineralized material to IMG in batches for processing during the proposed three-year milling agreement with each batch ranging between 35,000 to 50,000 tonnes.

Batches will be delivered once every three months with IMG depositing its settlement to Gold Bullion’s metal accounts at the refiner’s office after each batch is processed.

The release went on to note that the aforementioned agreement will contain an Evergreen clause that will automatically renew for an additional three years after the original agreement is completed or when either party notifies the other in writing prior to completion.

The milling agreement can be terminated earlier by either party for convenience or based on other changes or circumstances.

Gold Bullion Development was in the news recently when the company announced results from its 2014 annual general and special meeting.

Shares jumped 50.00% on the news to $0.045 per share.

Currently there are 257.6m outstanding shares with a market cap of $11.6 million.

Read more at www.stockhouse.com/news/newswire/2014...

[verwijderd] 8 mei 2014 20:52

0

www.goldbulliondevelopmentcorp.com/Fi...

GOLD BULLION RECEIVES POSITIVE PRE-FEASIBILITY STUDY FOR THE
ROLLING START TO GOLD PRODUCTION AT GRANADA
May 6, 2014 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
“Company” or “Gold Bullion”) announces it has received the Preliminary-Feasibility Study
“PFS” for the “Rolling Start” at Granada. All in total cash costs for gold production at the
higher grades of 4.24 g/t gold from the open pits assessed by this study are US $797 per
ounce at an internal rate of return of 169% percent before tax. The payback period for the
$6.7 million needed to commence the “Rolling Start” is just under 7 months with an NPV of
$24.65 million before taxes discounted at 6% within 3 years.
The after taxes NPV has an IRR of 139% with an NPV of $20.04 Million. At this stage of the
property development the PFS delineates gold production of 73,585 ounces at the annual
rates of 25,669, 27,556 and 20,361 ounces per year respectively over the next three years.
The higher-grade resource to be mined for the “Rolling Start” gold production is based on
reserves of 569,000 tonnes at 4.24 g/t for 73.6 thousand ounces of gold at a cash cost of US
$797 per ounce. Mill feed including dilution is 170,000 tonnes at 3.72 g/t gold in the Proven
Category and 398,600 tonnes at 4.46 g/t gold in the Probable Category. These gold grades
demonstrate and are indicative of the inherent flexibility the Company has with respect to
grades contained in the current resource at the 11,000-hectare Granada Mine property.
The “Rolling Start” study was prepared as a stand-alone project utilizing custom milling (see
press release MOU of April 10th for details) at a local mill and solely relates to those mineral
reserves located within the open pits of the Granada deposit. The “Rolling Start” does not
take into account the underground mineral resources, which also comprise a significant
part of the Granada Project.
The synergy of accessing an existing operating mill in the prolific gold producing Abitibi
region of Quebec in tandem with the proposed open pit “Rolling Start” mineral extraction
plan brings the Company into position as a potential gold producer. During this initial
development phase the Company is continuing to study and analyze the economics around
underground mine development and will also engage in “right sizing” property holdings.
The Company also has drill-defined targets to the north of the LONG Bars Zone aimed at
corroborating earlier drill data that outlined the potential for an additional 1-2 million
ounces of gold at grades of 3.0 to 4.2 grams per tonne. (Press release dated November 13th,
2013.) The current higher-grade resource estimation and the potential addition to the
resource cover approximately 20 percent of the already explored LONG Bars zone. By
increasing the input grade of the open pitable resource when practical, de-risking of the
project will remain an ongoing priority going forward. This Preliminary Feasibility Study was prepared by SGS Canada Inc. "SGS" in Blainville,
Quebec with additional contributions from other leading engineering firms and consultants,
in accordance with and as defined by National Instrument 43-101 "NI 43-101" Standards of
Disclosure for Mineral Projects.

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