VANCOUVER, June 3, 2013 /PRNewswire/ - Gold Bullion Development Corp. (GBB.V) (GBBFF)
(the "Company" or "Gold Bullion") is pleased to announce it has started
its trenching program at Granada. The Company, based on SGS Geostat
QP's recommendation in charge of the study, has initiated a trenching
program aimed at validating the existence and position of mineralized
zones at surface.
The main goal is to characterize and validate new shallow
high grades zones identified in the drill holes GR-12-413, GR-10-21,
GR-11-380, GR-11-313 GR-10-104, GR-10-105, GR-10-125, GR-10-97, GR-10-53
and GR-10-100. To reach those targets, digging parameters were set for
each trench and pit. The trenching work consists of 4 trenches and 4
test pits to be done with an excavator. The trenches should be from 0 to
2 metres deep, 4 metres wide and the lengths are summarized in the
following table. The test pit will consist of hoes 4 metres wide and 2
metres deep. The names correspond to the type of hole, TT for "Test
Trench" and TP for "Test Pit". The second number is the year of work and
the last number the hole tag. Channel sampling will be done in each
trench and pit.
Table of Work Location and Type
Starting coordinates | Size | ||||||
Name | Easting | Northing | Azimuth | Depth | Length | Width | Type |
TP-13-01 | 647107.60 | 5338095.96 | - | 2 | 4 | 4 | Test pit |
TP-13-02 | 647032.87 | 5338016.26 | - | 2 | 4 | 4 | Test pit |
TP-13-03 | 647026.79 | 5337949.86 | - | 2 | 4 | 4 | Test pit |
TP-13-04 | 647084.17 | 5337967.73 | - | 2 | 4 | 4 | Test pit |
TT-13-01 | 646289.90 | 5338036.84 | 103 | 2 | 200 | 4 | Trench |
TT-13-02 | 646691.44 | 5338117.55 | 103 | 2 | 110 | 4 | Trench |
TT-13-03 | 647050.62 | 5338158.92 | 103 | 2 | 110 | 4 | Trench |
TT-13-04 | 646529.48 | 5337982.43 | 103 | 2 | 50 | 4 | Trench |
A map and details of the location of the trenches and test
pit program, totalling approximately 470m in length, can be viewed on
the Company's website the website at www.GoldBullionDevelopmentCorp.com.
The Company wants to take this opportunity to inform the
community that it will communicate its development plan in the coming
weeks with public consultations. The Company has retained the services
of C.C. Consultants of Rouyn-Noranda to assist for the communication
with the community.
Claude Duplessis, P. Eng., is acting as the qualified
person (QP) for Gold Bullion Development Corp. in compliance with
National Instrument 43-101 and has reviewed the technical contents of
this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed
junior natural resource company focusing on the exploration and
development of its Granada Property near Rouyn-Noranda, Québec.
Additional information on the Company's Granada gold property is
available by visiting the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.President and Chief Executive Officer
Neither the TSX Venture Exchange
nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in
such statements.
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