VANCOUVER, June 3, 2013 /CNW/ - 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.
<p> Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 </p>