Gold Bullion Development / GBB (TSX-V)

    Hallo Freunde...
    Ich möchte euch auf Gold Bullion Development aufmerksam machen. Ist ein interessanter Wert und gelistet an der TSX Venture.


    Gold Bullion`s Flagschiff ist die Goldmine Granada die sich am Cadillac Trend befindet, im minenfreundlichen Quebec. Etwa 65km entfernt von Osisko.
    Die Granada Mine wird auch als LONG Bars Zone Preliminary Block bezeichnet (LONG (“lots of new gold bars”) )
    Diese ist Teil einer historischen Mine welche in den 1930 Jahren etwa 5 Jahre lang Gold produzierte. Ein umfangreiches Bohrprogramm (20,000 m PhaseI/II) wird/wurde durchgeführt, mit sehr guten Bohrresultaten von z.B.
    123.5 m 1.07 g/t Au
    110.5 m 1.34 g/t Au
    68.3 m of 2.16 g/t Au
    26 m of 4.6 g/t Au


    Im Großen und Ganzen ist das eine Low-Grade Mine mit etwa 1-2 g/t Au. Ausnahme 26 m of 4.6 g/t Au.
    Au Mineralisierung befindet sich weit oben 3,5m-110m in Tieferen Schichten eher High-Grade.
    Die Tieferen Schichten werden in einem Phase III Drill-Programm identifiziert.
    Mann Vermutet dort Gold Ressourcen von etwa 2,4-2,6 Mio. Unzen.
    Eine NI-43-101 folgt bis zum Ende des Jahren 2010.
    Starkes Potential für eine Open-pit Starter Mine.
    Ähnliche Situation wie damals bei Osisko Mining. Kauf von Liegenschaft mit Stillgelegten Minen.


    Das Gesamte Explorationsgebiet erstreckt sich über 50 Quadratkilometer.
    Derzeit Konzentriert man sich auf eine Erweiterung der LONG Bars Zone nach Nord Osten.
    Das Geologen Team ist wie bei SEMAFO, GENIVAR
    Folgende Resultate wurden dort erzielt:


    bulk sample (30,000 tonnes) grades 1.62 g/t Au
    65.5 metres of 1.21 g/t Au


    Dieses Projekt ist nicht nur interessant, es entwickelt sich auch verdammt schnell.
    In den nächsten Wochen werden weitere Bohrresultate veröffentlicht (Phase II 90% Abgeschlossen), und ein Testwork Study Report from Gekko Systems Ltd. wird veröffentlicht.
    Darüberhinaus arbeitet man an einer Environmental Study.
    Viel Potenial!(Nach Oben) :D


    Interessanter Bericht zu den in der letzte Woche veröffentlichten Bohrergebnissen.
    http://www.bullmarketrun.com/?p=3203


    Interview mit Frank Basa CEO und Präsident
    http://www.smartstox.com/interviews/gbb

    Gold Bullion extends phase 2 drill program at Granada


    2010-09-15 10:01 ET - News Release


    Mr. Frank Basa reports:
    GOLD BULLION EXTENDS LONG BARS ZONE PHASE 2 DRILL PROGRAM EASTERN EXTENSION DRILL RIG MOVING TO NEWLY-DISCOVERED AREA NEAR GR-10-86 IN THE SOUTH
    Gold Bullion Development Corp. (GBB, TSX.V) ("Gold Bullion" or the "Company") is pleased to announce it has extended its 20,000-metre Phase 2 LONG Bars Zone drill program by an additional 5,000 metres. Gold Bullion is aggressively exploring the Granada Gold Property, located five kilometres south of Rouyn-Noranda, Quebec, as a potential open-pit deposit along the prolific "Cadillac Trend" where numerous multimillion ounce deposits have been discovered and developed.
    "It was our original intention to stop after 20,000 metres and commence a Phase 3 program in the early fall," stated Gold Bullion President and CEO Frank Basa. "Developments on the ground are such, however, that GENIVAR, our geological consultant, is eager to immediately pursue several important, high-priority targets in the LONG Bars Zone and that's what we're going to do. At the same time we will continue planning for an even larger Phase 3 program."
    One of GENIVAR's immediate priorities is additional drilling, expected to begin in a few days, near GR-10-86 in the Eastern Extension -- 350 metres directly south of Phase 1 discovery hole GR-10-17. GENIVAR is plotting a series of holes in the vicinity of GR-10-86 which was a 250-metre step-out to the east-southeast from Pit #2 East and 180 metres outside Gold Bullion's Preliminary Block Model. Intense alteration and near-surface mineralization were observed in this hole (assays are pending) including visible gold at two different depths (in a brecciated quartz vein and also in feldspar porphyry). More drilling around GR-10-86 will assist GENIVAR in determining if a significant new discovery of near-surface mineralization has been made in the southernmost area drilled to date in the LONG Bars Zone.
    The northern half of the Preliminary Block Model, which was not drilled in Phase 1 earlier this year and has received only limited historical attention, has also become an area of high interest for GENIVAR. GR-10-117, collared 30 metres north of GR-10-47, has intersected visible gold in a quartz vein in conglomerate immediately below the limited overburden within the first few metres of the hole. Strong sericitization and silicification were observed in this hole which was drilled to a vertical depth of 175 metres. GR-10-117 will be sent out for assaying as quickly as possible.
    Landdrill International Inc.'s Preliminary Block Model drill rig is now working on GR-10-119, collared 40 metres west-southwest of GR-10-117. This rig also just recently completed the first two holes farther west (GR-10-114 and GR-10-116) where rock has been removed from the waste pile with visible gold encountered in GR-10-114 at a vertical depth of approximately 145 metres. GENIVAR views this underexplored 34,000-square-metre area -- much of it underlain by porphyry intrusions -- as highly prospective for gold mineralization. Northeasterly trending fault structures, spatially related to the Cadillac Fault to the north, are features of intense interest at Granada and are interpreted to run under the waste pile. This drill rig will be returning to the waste pile area shortly as more rock is removed.
    The Eastern Extension drill rig is currently positioned just outside the northeast border of the Preliminary Block Model, drilling GR-10-118 on the same section as GR-10-53, GR-10-33, GR-10-47, GR-10-117 and GR-10-102 (south to north) within the Preliminary Block Model (visible gold was also observed in GR-10-102 which was drilled 30 metres north-northeast of GR-10-117). After completing at least one more hole near its present location, this drill rig will be moved immediately approximately 450 metres southeast to test structures in the vicinity of GR-10-86 as outlined above.
    The additional 5,000 metres of Phase 2 drilling will also allow GENIVAR to test high-priority targets elsewhere in the promising Eastern Extension which has already been drilled over a surface area measuring 450 metres north-south and 500 metres east-west.
    Mineralization is open in all directions at the Granada Gold Property where nearly 19,000 metres of Phase 2 NQ drilling has been completed in the LONG Bars Zone (Preliminary Block Model and the Eastern Extension) since early May. Assay results have been received on only 18 of 92 holes completed to date. Gold Bullion has just recently contracted a third assay lab, ALS Chemex out of Val d'Or, Quebec, to expedite the delivery of additional results.

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