| GOLD BULLION INCREASES TOTAL OUNCES IN NEW GOLD RESOURCE ESTIMATE | |
| | |
|
GOLD BULLION INCREASES TOTAL OUNCES IN NEW GOLD RESOURCE ESTIMATE
05-26-2015
Gold Bullion Development Corp. (TSX.V: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") has received an updated Mineral Resource estimate on its Granada Gold Property located south of Rouyn-Noranda, Quebec. This update takes the 1 g/t range base case resource to 833,477 ounces gold in Measured category grading 0.90 g/t in 30.4 Million tonnes, 753,811 ounces gold in Indicated category grading 0.96 g/t in 26.5 million tonnes and 1.6 million ounces grading 0.99 g/t Au in 51.5 million tonnes in inferred resources using a cut-off grade of 0.30g/t. This is revised up from the previous estimate of 1.6 Million ounces in Measured and Indicated grading 1.05 g/t in 47.5 Million tonnes and 1.0 million ounces in inferred grading 1.07 g/t Au in 30.0 million using a cut-off grade of 0.40g/t released in the February 2013 PEA.
» Download the full press release document (PDF 143kb)
Category:
|
|
|
Gold Bullion Development Corp.
|
|
EXPLORATION STAGE |
CODE : GBB.V |
ISIN : CA3805391065 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gold Bullion Dev. is a gold exploration company based in Canada. Gold Bullion Dev. holds various exploration projects in Canada. Its main exploration properties are CASTLE SILVER MINE and GRANADA in Canada. Gold Bullion Dev. is listed in Canada and in Germany. Its market capitalisation is CA$ 29.1 millions as of today (US$ 22.1 millions, € 20.8 millions). Its stock quote reached its highest recent level on December 24, 2010 at CA$ 0.93, and its lowest recent point on October 09, 2015 at CA$ 0.02. Gold Bullion Dev. has 387 890 016 shares outstanding. |