Markets are up across the board with Gold ahead $18 an ounce to $1,216 as of 9:05 am Pacific time…the CDNX is up 12 points to 1382…major news has just come out regarding Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property…we are still reviewing the release but it doesn’t take a rocket scientist to figure out that Gold Bullion’s Phase 2 drilling in the Phase 1 east-northeast discovery area looks extremely promising…our theory that Granada could contain in excess of 5 million ounces of gold as a major open-pit deposit has clearly been strengthened with the information the company has released this morning…4,000 metres of drilling in 17 holes has now been completed in the east-northeast area (9,000 metres in total) where Gold Bullion has intersected “multiple zones of altered feldspar porphyry, favorable for gold mineralization, along with some quartz veining in all directions surrounding discovery hole GR-10-17. Visible gold has been observed in a few of the holes“…what this means is that GBB is hitting what it believes could be significant mineralization north, south, east and west of GR-10-17…GENIVAR is also about to drill the deepest hole yet at Granada – 365 metres vertical depth – 176 metres east-southeast of GR-10-17 to “confirm an extension of altered zones that have been discovered in other Phase 2 holes 75 metres to the northwest and southwest, respectively“…in addition to all of that, a second LONG Bars Zone – LONG Bars Zone 2 – has been identified 1800 metres east of GR-10-17 in an area covering a 1 kilometre long shear zone…“several northeasterly faults cross the shear zone and are considered prime targets for possible economic gold concentrations…numerous vein zones, hosted by both Granada Formation congolomerate and feldspar porphyry, have been delineated historically in LONG Bars Zone 2 through trenching with considerable visible gold noted…the auriferous veins reportedly widen with depth and occur in an east-west trend measuring at leat 1200 metres in length and 200 metres in width“...all of this is hugely significant and suggests to us that Gold Bullion is indeed on track for a possible major gold discovery at Granada in the order of 5+ million ounces…keep in mind that 2.4 to 2.6 million ounces have already been estimated (non-compliant) for the confined area of the Preliminary Block Model…Gold Bullion stated there are back-ups at the assay labs but the first set of Phase 2 drill results should be available in the near future