The Week In Review And A Look Ahead: Part 2 of 3

All things considered, Gold Bullion Development had a decent week which also included a strong endorsement from overseas…

Gold Bullion Development (GBB, TSX-V)

Gold Bullion held its own this week which was impressive if for no other reason than the fact 18 million shares became free trading on Monday…the sky did not fall as some had feared…GBB finished the week unchanged at 54 cents on total CDNX volume of nearly 5 million shares…for every investor who for whatever reason wanted to sell their 21.5 cent private placement stock from April, there was a buyer…the first set of drill results from the LONG Bars Zone eastern extension are going to be hugely important…based on historical reports and all the clues we’ve been given in the last 2 Gold Bullion news releases, we have a high degree of confidence that Granada will deliver…GENIVAR seems to be hitting all the right stuff, for lack of a better word, and mineralization is being encountered near surface and at depth with visible gold in many of the 27 Phase 2 holes drilled east of the Block Model through the end of last month…we spent considerable time this week reviewing the 130+ page report (“Geology, Structure and Gold Mineralization on the Granada Eastern Extension Property“) authored by Willoughby in 1994, a publicly available document from the Quebec Ministry of Mines…we have made reference to this report before but here are a few more interesting observations…“The ongoing mapping and drilling of the Granada Mine and Granada Extension properties indicate an 8 kilometre long zone of shearing, deformation and gold mineralization along the southern part of the Granada Segment, and in conjunction with other mineralization features apparent within the segment, is considered to be a regional feature“…“The role of major northeastlery fault structures in the localization of high grade zones as steeply dipping, northeast plunging ore bodies is considered significant“…“A large circular feature interpreted from air photos encloses most of the Granada Mine Property and suggests an intrusive stock at depth, perhaps the feeder for the numerous sills and dykes mapped at surface“…we’re not the only ones who see something potentially huge in the making with Gold Bullion…British investment guru, entrepreneur and best-selling author Jim Slater is involved with the UK-based Junior Mining Fund which, he revealed to us in an interview this week, has accumulated a significant position in Gold Bullion and will be adding to that position…“We like it a lot…it’s low grade but it’s growing very fast – massive tonnage,” Slater told us…”I’ve met the management team and I’m impressed with them…I would like to see them in due course move from exploration to development because that’s where the money is…another great feature is that it’s in Quebec“…