Gold Bullion files Granada technical report

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So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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Gold Bullion files Granada technical report

posted on Feb 05, 2013 02:03PM

2013-02-05 12:41 ET - News Release

Mr. Frank Basa reports

GOLD BULLION DEVELOPMENT RELEASES NI-43-101 TECHNICAL REPORT ON GRANADA GOLD PROJECT WITH SGS CANADA GRANTED MANDATE FOR PRELIMINARY FEASIBILITY STUDY FOR A ROLLING START WITH AN ON-SITE MILL

Gold Bullion Development Corp. has provided an independent National Instrument 43-101 technical report on its Granada gold property, located along the prolific Cadillac trend in northwestern Quebec, five kilometres south of Rouyn-Noranda.

The technical report, titled "Preliminary Economic Assessment (PEA) Granada Gold Project, Rouyn-Noranda, Abitibi, QC," dated Feb. 4, 2013, carries an effective date of Dec. 21, 2012. This report was prepared by SGS Canada Inc. and authored by Claude Duplessis, PEng, Gaston Gagnon, PEng, Jonathan Gagne, PEng, and Gilbert Rousseau, PEng, all qualified persons as defined by NI 43-101. The technical report is available on-line under the company's profile on SEDAR and the company's website.

Gold Bullion has given a mandate to SGS Canada Inc. to prepare a preliminary feasibility study (PFS) for a rolling start in accordance with the following objectives: to provide grade validation for processing around 475 tonnes per day for a three-year period, to begin pouring gold at the earliest opportunity and to prepare the site for a below-the-horizon mill with a zero discharge configuration. The PFS is also to include specific recommendations demonstrating that Gold Bullion is a good corporate citizen to ensure continued strengthening of positive relations in the surrounding community.