Gold Bullion Development (GBB, TSX-V) came out with news after the close today and it was an interesting surprise. While Gold Bullion confirmed that a much anticipated exploration update and additional drill results will be released this week, they also announced that GENIVAR, their geological consultant, has commenced a Baseline Environmental Study for Granada which goes to show just how far along this project has really come.

A Baseline Environmental Study is a precurser to a full Environmental Impact Study which would be concurrent with a Pre-Feasibility Study once the particulars of a deposit (43-101 confirmation of size and other important facts and details) have been defined and confirmed. Obviously Frank Basa is thinking hard already about the future for the Granada Gold Property as a potential producer. He is a metallurgical engineer who has been involved in past producing situations with Agnico-Eagle and other companies. It’s clear he believes Granada is destined for production at some point down the road. In the meantime the drills keep turning. Given the vastness of the LONG Bars Zone – our boots have been on the ground there as BMR readers know – Gold Bullion could easily drill another 100,000 metres and still have a large number of targets to explore. This is an immense project with major upside potential, which is why it’s good to see the company thinking beyond today and planning for what could be a very bright future.