When I contacted Gold Bullion President and CEO Frank Basa today for a quick interview, I was basically just looking for a general update on company affairs but ended up instead with some gold nuggets of information which was a pleasant surprise. Basa is certainly not the “promoter type” but he’s clearly getting more accustomed to interviews. More interestingly, I sensed in him today the highest level of excitement and confidence he’s displayed since my first interview with him in early January. So what’s going on?

• Phase 2 drilling and other exploration/geological work must be proceeding well. A second rig is on its way to the LONG Bars Zone and will focus on the area within the Preliminary Block Model. This will allow the current rig to drill exclusively outside the Model. A third rig will likely arrive by July for some deep drilling. Gold Bullion is getting very aggressive and Basa also stated, “It appears our strike length is way beyond this LONG Bars Zone that we have, which is about 1.1 kilometres long.” Has GENIVAR discovered something new? Basa remained coy about that, stating essentially that a news release will be issued when the company has gathered all of its information.

• Basa is in New York and Boston this week at the request of certain American investors. Interest in Gold Bullion is deepening and broadening in much the same way the LONG Bars Zone seems to be. Basa is also headed off to Europe soon.

• Rumors are now flying around of analysts, brokers and newsletter writers converging on Granada for site visits in the near future.

• Is this stock being over-hyped? Not at all. In fact, I would argue it isn’t getting enough publicity – perhaps that’s about to change. This is a major mining exploration story unfolding – possibly the next Osisko or even better in terms of deposit size – and any investor who doubts that is likely to have some very serious regrets in six months or even in a month or two.

Situations like this don’t come around very often in an investor’s lifetime. My advice is very simple: Sit Back, Stay LONG and Enjoy