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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Corporate Profile on Stockhouse
Frank J. Basa P.Eng.
Chairman, President, CEO & Director
Mr. Basa has been a director of Gold Bullion Development since 2004. He is also President of Grupo Moje Ltd. and Mineral Recovery Management Services Corporation. Mr. Basa has over 28 years’ global experience in gold mining and development as a professional hydrometallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of precious and base metals. He is a member of the Professional Engineers of Ontario and a graduate of McGill University.
Mr. Thomas is a valuable member of the Gold Bullion team and brings a career in the investment industry that spanned some three decades. Mr. Thomas joined Gold Bullion Development Corp. as a Director in 2008 after gaining considerable expertise in finance and marketing with The National Bank, Blackmont Capital and BCE among others. Mr. Thomas is a graduate of Carleton University where he focused his studies on finance, economics and accounting. Previous to that he studied engineering and used his expertise with the U.S. Air Force and Canadian Military to ensure optimum performance from their sophisticated communication systems.