High Grade Million Ounce Gold Call Option in Quebec

Gold Bullion Development: High Grade Million Ounce Gold Call Option in Quebec

GBB gold pour

Gold Bullion Development (GBB.V) is committed to commencing high-grade, low cost production at its 100%-owned Granada Gold Project in northwest Quebec. We had the opportunity to connect with CEO Frank Basa last week who was elated at recently receiving the final permits from the Quebec government to allow for the production of 25,000 ounces of gold per year for the next 3 years at Granada, the so-called “rolling start” in advance of a bigger plan.  Smaller-scale open-pit production will help finance further exploration drilling and allow GBB to prepare for its goal of becoming a 100,000 ounce per-year producer (open-pit and underground).

Mr. Basa has over 30 years’ experience  in gold mining and development as a professional hydrometallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of precious and base metals. Moreover, he is an expert on the Cadillac Trend where over 50 million ounces of gold have been mined historically.

According to its November 2012 resource estimate, Granada boasts 934,000 ounces of gold measured & indicated at an average grade of 2.21 grams/tonne with an additional 617,000 ounces inferred at an average grade of 2.23 grams/tonne, using a 1.0 g/t Au cut-off.


Gold Bullion has various milling options and those are being explored in light of increased activity on the Cadillac Trend in a substantially higher Gold price environment than was envisioned just 6 months ago.

“Our aim is not only to be a producer, but an efficient producer that can also de-risk this project as we implement our ‘rolling start’ and scale this up over the long-term,” explained Basa.  “It’s also important to point out that there’s still substantial exploration potential in the LONG Bars Zone at Granada, at depth and along the east-west trend we’ve outlined.  This gives our investors much to look forward to in the years ahead.”

A Preliminary Feasibility Study (PFS) released June 19, 2014, revealed robust economics for the high-grade rolling start based on a gold price of $1,400 CDN, nearly $300 below its current price.



While GBB starts with modest production at Granada, there is ample opportunity for expansion of both the quality and size of the resource. Only 20% of the LONG Bars Zone at Granada has been systematically explored to date; additional trenching and drilling are planned.  Of special interest is the historic Aukeko area located 2 km east of the initial production pit. The average grade of the three bulk samples taken from this area in 1938 was reported as 7 oz/ton (239.9 g/t) Au (Willoughby, 1994).



Gold Bullion Development offers investors the opportunity to participate in an up-and-coming gold producer in a great jurisdiction with considerable potential for mine expansion and new exploration success.  We look forward to exploration and operational updates from GBB over the coming months.


The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Gold Bullion Development Corp. is a high-risk venture stock and not suitable for most investors.. Consult Gold Bullion Development Corp.’s SEDAR profile for important risk disclosures.

EnergyandGold has been paid to cover Gold Bullion Development Corp. and so some information may be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.