Gold Bullion Development Corp. [GBB-TSXV; GBBFF-OTC PK] is focused on building shareholder value by taking a fresh approach to former producing mines. The current exploration and development of the 100%-owned, past-producing, 11,000-hectare Granada property along the Cadillac Trend, is on track to accomplish that goal. The property is located 5 km south of Rouyn-Noranda in northwest Québec and is surrounded by excellent infrastructure in one of the best jurisdictions for mining and exploration anywhere. Drill data has indicated near surface, low grade mineralized zones with the potential also for a high grade underground mineralized zone. Thus far 78,000 metres have been drilled over three phases with gold mineralization remaining open in all directions with much of the property remaining to be systematically explored. A major bulk sample was completed in 2007 that was extremely important in terms of quantifying grade. In addition, we are currently evaluating the most efficient methods to potentially process Granada ore in developing a prospective world-class open-pit deposit. A Baseline Environmental Study is also underway and a preliminary NI 43-101 Resource Estimate is expected by the spring of 2012.
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