Gold Bullion drills 26 m of 4.6 g/t Au at Granada

2010-09-09 17:08 ET - News Release

Mr. Frank Basa reports:

GEOLOGICAL INTERPRETATION OF GRANADA GOLD PROPERTY EVOLVES AFTER 18,000 METRES OF PHASE 2 DRILLING

Gold Bullion Development Corp. (GBB, TSX.V) is very pleased to report that phase 2 drilling at its Granada Gold property has delivered the best near-surface assay result yet. In addition, the geological interpretation of the LONG Bars Zone -- in particular the growing Eastern Extension where visible gold has been intersected within porphyry in numerous holes -- is evolving after 18,000 metres of drilling the past four months. Gold Bullion is aggressively exploring Granada, located five kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific Cadillac trend where numerous multi-million ounce deposits have been discovered and developed.

GR-10-53, collared 88 metres southeast of recently reported GR-10-41 and near Pit #2 East, has intersected 68.3 metres of 2.16 g/t Au, including a high-grade section of 4.60 g/t Au over 26 metres, within a wider near-surface interval of 110.5 metres (3.5 metres to 114 metres) grading 1.34 g/t Au. This hole was drilled perpendicular to vein No. 2 and is believed to closely approximate true width. Alteration dominated by strong sericitization and silicification was encountered in this hole along with quartz veining and abundant pyrite. GR-10-53 is inside the LONG Bars Zone Preliminary Block Model which was outlined in detail in Gold Bullion's April 22, 2010, news release.