Gold Bullion Development Releases NI-43-101 Technical Report on
Granada Gold Project with SGS Canada Granted Mandate for
Preliminary Feasibility Study for a Rolling Start with an On-site
Mill
VANCOUVER,
Feb. 4, 2013 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is pleased to provide an independent
NI-43-101 Technical Report prepared in accordance with "National
Instrument 43-101 - Standards of Disclosure for Mineral Projects"
(NI 43-101), on its Granada Gold Property, located along the
prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.
The Technical Report, titled "Preliminary
Economic Assessment (PEA) Granada Gold Project, Rouyn-Noranda, Abitibi, QC", dated
February 4, 2013 carries an effective
date of December 21, 2012. This
report was prepared by SGS Canada Inc. and authored by Claude Duplessis, P.Eng., Gaston Gagnon, P.Eng., Jonathan Gagné, P.Eng.
and Gilbert Rousseau, P.Eng., all
Qualified Persons as defined by NI 43-101. The Technical Report is
available on-line under the Company's profile on the Canadian
System for Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com and on the Company's website at
www.goldbulliondevelopmentcorp.com.
Gold Bullion has given a mandate to SGS Canada
Inc. to prepare a Preliminary Feasibility Study (PFS) for a
Rolling Start in accordance with the following objectives;
to provide grade validation for processing around 475 tonnes per
day for a three year period, to begin pouring gold at the earliest
opportunity and to prepare the site for a below the horizon mill
with a zero discharge configuration. The PFS is also to include
specific recommendations demonstrating that Gold Bullion is a good
corporate citizen to ensure continued strengthening of positive
relations in the surrounding community.
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
their 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.
SOURCE Gold Bullion Development Corp.