Gold Bullion Development Corp. published 43-101-compliant technical report on the Granada Gold Project

Gold Bullion Development Corp. published 43-101-compliant technical report on the Granada Gold Project

21.05.2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased, to present an independent NI 43-101 compliant technical report, of in accordance with National Instrument 43-101 („Standards of Disclosure for Mineral Projects“/NI 43-101) was created for the gold concession in Granada. This gold project is located along the Cadillac-promising trends in northwestern Quebec, 5 km south of Rouyn-Noranda.

The technical report titled "Granada Gold Project Resource Estimate, Rouyn-Noranda, Abitibi, QC "vom 17. More 2012, of the state of the data by 2. April 2012 contains, was in the company of SGS Canada Inc. and reviewed by Claude Duplessis, P.Eng., and Gilbert Rousseau, P.Eng., turn qualified person according to NI 43-101, und Karina Sarabia, GIT und Jonathan Gagné, P.Eng. posted. The technical report is also available at the company's profile in the Canadian System for Electronic Data Analysis and Data Collection (Canadian System for Electronic Document Analysis and Retrieval/SEDAR) at www.sedar.com or. be found on the website at www.goldbulliondevelopmentcorp.com.

At the present time, the exploration potential is still open, since gold bullion has been performed only in a small area of ​​exploration drilling. If one considers, however,, that the geological control structures are similar on the property in Granada, size and grade of the veins and other known mineralized zones, one can assume with good reason, that the zone with great potential mineralization on the property Granada. Overall, SGS Canada Inc. the opinion, that the exploration program, das Gold Bullion im Projekt Granada plant, Makes sense, because the odds are favorable to the discovery of additional resources.

Among other things, the following measures are recommended: Exploration drilling at depth, north of the existing wells, explore the extension of mineralization at depth; extensive additional drilling to increase the estimated resources in the area of ​​the proposed above-ground mining operations and in the expansion zones; Drilling in western, northerly and easterly direction on a 40 x 50 m wide grid of surface drilling, a case of the south angle of 55 ° has; and a number of infill wells in unexplored areas and 3 Cross sections of 3 Holes on a 100 m-line to explore the mineralization beyond the footwall.

Über Gold Bullion Development Corp.

Gold Bullion Development Corp. is listed on the TSX Venture juniors, engaged in the exploration and exploitation of raw materials on the property in Granada, near Rouyn-Noranda (Quebec) dedicated. For more information about the gold concession area of ​​Granada, visit the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.

„Frank J. Basa "

Frank J. Basa, P.Eng.
President & Chief Executive Officer

For more information, contact:

Frank J. Basa, P.Eng., President and CEO under the Tel.Nr. 1-514-397-4000 or

Progressive Investor Relations (Canada) under the Tel.Nr. (604) 689-2881 or. through e-mail: info@progressive-ir.com

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25148

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements including, but is not limited to, Statements regarding the timing and content of upcoming work programs, the geological interpretation, the acquisition of basic rights, the potential mineral recovery, etc.. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements.

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply