Stock: Gold Bullion Devleopment Corp

goldbulliondevelopmentcorp.com
TSX:GBB

Gold bullion development corp. is a junior miner that is involved in developing and rehabilitating old producing mines.

Projects

Quebec

The land package, 100% owned in Quebec, called the Granada Gold Property is located on the Cadillac trend which itself is host to many large deposits.

The long bar zone is one of the host zones identified and over the last 3 years Gold bullion development corp have performed bulk samples of about 30000 tonnes to evaluate grade (1.62 gpt).

Gold Bullion Devleopment Corp then worked on compiling the current information about the land package to build a mineralisation model. This model was tested with 2400 meters of drilling, giving a known structure of 1.1km long and 300 meters wide open at all ends.

Currently the zone is host to an estimated 2.4 million ounces of gold, not 43-101 compliant but known to be a conservative. This estimate was calculated through 1 million tonnes of ore sampling, even sampling the waste pile to check the recovery rate (about 90% from tests).

The future work on this resource entails working on extending the structure north, to the unexplored section of the Cadillac trend, then to the east. From this point Gold Bullion Devleopment Corp can prove up the resource via infill drilling with a 20000 meter drilling campaign.

Initially an open pit project it will extended to an underground operation if drilling at depth proves to show mineralisation. With the potential of at depth mineralisation the number of ounces could increase significantly, as from the data available this deposit is showing higher grades at depth.

This mine does not even cover 1% of the land package owned by Gold Bullion Devleopment Corp. (4,900 hectares) and the estimated recovery price per ounce is currently $320 per ounce.

Again DYOR and keep watching.