VANCOUVER,
June 3, 2013 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: 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.
SOURCE Gold Bullion Development Corp.