VANCOUVER,
May 15, 2013 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the "Company"
or "Gold Bullion") is pleased to announce that as part of the
Company's ongoing program to produce a Preliminary Feasibility
Study (PFS), the Company has engaged several independent
consultants. SGS Mineral Services - Lakefield in Canada and Gekko Systems based in Australia will conduct metallurgical test work
for process plant flow sheet optimization. Roche Ltée,
Groupe-conseil has also been retained and will be responsible for
all aspects of environmental and permitting work while C.C.
Consultants will be advising on matters pertaining to social
responsibility and local community communications. SGS
Geostat's role is to over see management of the entire project.
The Company's Preliminary Economic Assessment
(PEA), full document issued February
4th, 2013, indicated that the proposed mine was
cash flow positive for both the open-pit and underground scenarios
independent of one another.
The PEA has served as the starting point for the
determination of extraction process optimization with the goals of
reducing cash cost per ounce and related capital
expenditures. Also in this first PEA, as part of this
optimization process, the Company included scenarios that increased
the grade of the open pit resource from 1g/t Au to 2 g/t Au.
Going forward, the Company will conduct a thorough review to
evaluate whether the increase in grade will in fact lower cash
costs per ounce as well as associated capital expenditures.
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.
SOURCE Gold Bullion Development Corp.