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Oddball

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  1. I thought this worthy of a heads up. http://www.northerndynastyminerals.com/ndm/Home.asp Northern Dynasty Minerals are concerned with the development of the Pebble deposit in Alaska which is said to be one of the greatest stores of mineral wealth ever discovered. The current resource estimate includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb copper, 70 million oz gold, 3.4 billion lb molybdenum and 344 million oz silver; and 4.46 billion tonnes in the inferred category, containing 24.5 billion lb copper, 37 million oz gold, 2.2 billion lb molybdenum and 170 million oz silver(1). Quantities of palladium and rhenium also occur in the deposit. However in 2014 the project ran into a very draconian Obama backed EPA (environmental protection agency) that initiated a pre-emptive regulatory action under Section 404© of the Clean Water Act with potential to restrict future development of Pebble. It looks like Anglo American (NDMs 50/50 development partner) had wind of this the previous year and simply walked away after spending US$573M on the project. NDM now own 100% of the pebble project. From a high of C$21/share in 2011 it fell into the dust, along with the rest of the junior market, hitting just C$0.28c/share in Jan 2016. With the looming prospect of a Hilary presidency and a continuation of the present EPA policy, NDMs future looked bleak. Then as we know Trump won the presidency, who by all accounts is pro-mining/jobs and has appointed a new pro-mining EPA head Scott Pruitt. So with the assumption of normal permitting conditions going forward the outlook for the development of the pebble deposit has greatly improved. Speculation of this has already seen the share price go from C$0.93c in Nov 16 to todays C$2.20 and a market cap of C$577M. Where it will go ultimately depends upon permit approval but if these are attained, just how much is a deposit of this size worth. I'd appreciate any thoughts?
  2. Indeed. To see the scale of the slaughter of the Russians is mind numbing and I doubt the D-Day allied assault would have been successful if Hitler had the eastern armies available. I never knew that the poles gave so much either. But to see the trend after WW2 of diminishing conflict is heartening. Maybe us "half civilised men" can eventually reject war.
  3. I've just watched this https://youtu.be/_vjj13l6Pb4\ The Fallen of World War II https://www.youtube.com/watch?v=_vjj13l6Pb4 It brought a smile. Good god I hope this trend is never broken.
  4. Oddball

    Gold Bullion Development Corp

    Well as of today it's Mcap is C$6.4M. I try not to think about this too much anymore as it's unpleasant. Seems it wouldn't matter what they found or produced - it would go down
  5. Oddball

    Gold Bullion Development Corp

    http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGBB-2172862&symbol=GBB&region=C Gold Bullion's Granada open pits at 169% pretax IRR2014-05-06 10:01 ET - News Release Mr. Frank Basa reports GOLD BULLION RECEIVES POSITIVE PRE-FEASIBILITY STUDY FOR THE ROLLING START TO GOLD PRODUCTION AT GRANADA Gold Bullion Development Corp. has received the preliminary feasibility study (PFS) for the rolling start at Granada. All-in total cash costs for gold production at the higher grades of 4.24 grams per tonne gold from the open pits assessed by this study are $797 (U.S.) per ounce at an internal rate of return of 169 per cent before tax. The payback period for the $6.7-million needed to commence the rolling start is just under seven months, with a net present value (NPV) of $24.65-million before taxes, discounted at 6 per cent within three years. The project has an after-tax IRR of 139 per cent, with an after-tax NPV of $20.04-million. At this stage of the property development, the PFS delineates gold production of 73,585 ounces at the annual rates of 25,669, 27,556 and 20,361 ounces per year, respectively, over the next three years. The higher-grade resource to be mined for the rolling-start gold production is based on reserves of 569,000 tonnes at 4.24 g/t for 73,600 ounces of gold at a cash cost of $797 (U.S.) per ounce. Mill feed including dilution is 170,000 tonnes at 3.72 g/t gold in the proven category and 398,600 tonnes at 4.46 g/t gold in the probable category. These gold grades demonstrate and are indicative of the inherent flexibility the company has with respect to grades contained in the current resource at the 11,000-hectare Granada mine property. The rolling-start study was prepared as a stand-alone project utilizing custom milling (see MOU (memorandum of understanding) press release dated April 10 for details) at a local mill and solely relates to those mineral reserves located within the open pits of the Granada deposit. The rolling start does not take into account the underground mineral resources, which also constitute a significant part of the Granada project. The synergy of accessing an existing operating mill in the prolific gold producing Abitibi region of Quebec in tandem with the proposed open pit "Rolling Start" mineral extraction plan brings the Company into position as a potential gold producer. During this initial development phase the Company is continuing to study and analyze the economics around underground mine development and will also engage in "right sizing" property holdings. The Company also has drill-defined targets to the north of the LONG Bars Zone aimed at corroborating earlier drill data that outlined the potential for an additional 1-2-million ounces of gold at grades of 3.0 to 4.2 grams per tonne. (Press release dated November 13th, 2013.) The current higher-grade resource estimation and the potential addition to the resource cover approximately 20 percent of the already explored LONG Bars zone. By increasing the input grade of the open pitable resource when practical, de-risking of the project will remain an ongoing priority going forward. This Preliminary Feasibility Study was prepared by SGS Canada Inc. "SGS" in Blainville, Quebec with additional contributions from other leading engineering firms and consultants, in accordance with and as defined by National Instrument 43-101 "NI 43-101" Standards of Disclosure for Mineral Projects. Gold Production "Rolling Start" Highlights from the PFS are summarized below: ---------------------------------------------------------------------------- |Assumptions | |--------------------------------------------------------------------------| | Gold Price (US$/oz) 1,260 | |--------------------------------------------------------------------------| | Canadian $ to US$ rate 1.11 | |--------------------------------------------------------------------------| | | |--------------------------------------------------------------------------| |Mineral Reserves | |--------------------------------------------------------------------------| |Open Pit Rolling Start Mineral Reserves (ounces) 77,460 | |--------------------------------------------------------------------------| |Mine Parameters | |--------------------------------------------------------------------------| | Ore milled | |--------------------------------------------------------------------------| | Mine plan tonnage (thousand tonnes) 569 | |--------------------------------------------------------------------------| | Mine plan grade (grams/tonne) 4.24 | |--------------------------------------------------------------------------| | Production rate (annualized ore tonnes per day) 550 | |--------------------------------------------------------------------------| | Days of operation per year 350 | |--------------------------------------------------------------------------| | Estimated gold mill recovery (%) 95% | |--------------------------------------------------------------------------| | Total gold recovered (ounces) 73,585 | |--------------------------------------------------------------------------| | Pre-production period (years) 0.2 | |--------------------------------------------------------------------------| | Rolling Start Mine life (years) 3 | |--------------------------------------------------------------------------| | Average annual gold production (ounces) 24,528 | |--------------------------------------------------------------------------| |Costs | |--------------------------------------------------------------------------| | Pre-production capital ($-millions) 6.7 | |--------------------------------------------------------------------------| | Sustaining capital and restoration ($-million) 2.89 | |--------------------------------------------------------------------------| | Cost per tonne milled ($/t)1 120 | |--------------------------------------------------------------------------| | Average total cash cost per ounce (US$/oz)2 797 | |--------------------------------------------------------------------------| |Financial Return | |--------------------------------------------------------------------------| | Payback from start of productionbefore tax (years) | |0.56 | |--------------------------------------------------------------------------| | Internal Rate of Return (before tax) 169% | |--------------------------------------------------------------------------| | Net present value, before | |tax, 6% discount ($-millions) | | 24.65 | |--------------------------------------------------------------------------| | Payback from start of production after tax (years) 0.67 | |--------------------------------------------------------------------------| | Internal Rate of Return (after tax) 139% | |--------------------------------------------------------------------------| | Net present value, after tax, 6% discount ($-millions) 20.04 | |--------------------------------------------------------------------------| | | |--------------------------------------------------------------------------| |Note: Part of taxes will be offset by | |past property development expenditures | |--------------------------------------------------------------------------| |(All dollar figures expressed in Canadian dollars, except where indicated)| ----------------------------------------------------------------------------1) Includes 3% NSR costs2) Does not include the 3% NSR and capex costs Frank J. Basa, President and Chief Executive Officer on progress thus far, "We are very pleased with the PFS on the Rolling Start. Due to the dedication and diligence of Gold Bullion's technical team and consultants, we have delivered this study and a PEA within 20 months of completing the last drill program and are excited to see mining at Granada restart. This goal is consistent with our stated strategy to create shareholder value through successful exploration and development of brown field properties located in the prolific and prosperous Abitibi region." The delivery of the "Rolling Start" Preliminary Feasibility Study completes the first stage of Gold Bullion's continuous development program at Granada. By advancing the Granada project to commercial production the Company has demonstrated positive economics, environmental forethought and social gain, while mitigating the technical, financial, and environmental risks of the project. As permitting and social acceptance issues could have affected mineral reserves, the Company held 29 separate meetings prior to PFS completion. Five were with key stakeholders and there was one public meeting. The Company has already incorporated the majority of the feedback, views, and recommendations from those meetings into the PFS. Discussions with stakeholders will continue near-term to ensure the final Feasibility Study integrates all available input with the goal of enhancing and maximizing economic, environmental and social gains for all concerned parties. Resources In the context of re-engineering to increase the robustness of the Granada project, Mineral resources were remodeled with mineral zones having a minimum horizontal width of 7m down to elevation 237.5m. This resource model has been used for pit optimization and design for the "Rolling Start" project. This model starts from the surface and pit bottom to elevation 237.5 metres. In order to address mining underground, mineralized zones have been remodeled with 3 to 4 meters horizontal width below elevation 237.5 metres. Highlights include a Measured and Indicated combined underground gold resource of 325,450 ounces of gold at an average grade of 5.10 g/t gold plus 25,700 ounces Inferred at a grade of 7.14 g/t gold. The details of the underground model are presented in the following table. ------------------------------------------------------------ |Mineral Resources |Underground | | | |----------------------------------------------------------| | | | | | |----------------------------------------------------------| |Under Pit | |COG |Above 1.69 g/t | |to Z=237.5 | | | | |m | | | | |----------------------------------------------------------| |Resource Class |Tonnage |Gold|Ounces | | | |g/t | | |----------------------------------------------------------| |Measured | |3.10| | | |371,500 | | 37,000 | |----------------------------------------------------------| |Indicated | |3.72| | | |462,000 | | 55,000 | |----------------------------------------------------------| |Measured+Indicated | |3.44| | | |833,500 | | 92,250 | |----------------------------------------------------------| |Inferred | |6.85| | | | | | | | | 33,500 | | 7,400 | | | | | | |----------------------------------------------------------| | | | | | |----------------------------------------------------------| |UG beneath Z=237.5 m| |COG |Above 3 g/t | |----------------------------------------------------------| |Resource Class |Tonnage |Gold|Ounces | | | |g/t | | |----------------------------------------------------------| |Measured | |5.60| | | |392,000 | | 70,600 | |----------------------------------------------------------| |Indicated | |6.66| 162,600| | |759,000 | | | |----------------------------------------------------------| |Measured+Indicated | |6.30| 233,200| | | 1,151,000 | | | |----------------------------------------------------------| |Inferred | |7.25| | | | | | 18,300 | | | 78,500 | | | |----------------------------------------------------------| | | | | | |----------------------------------------------------------| |Combined |Rounded numbers| | | |----------------------------------------------------------| |Resource Class |Tonnage |Gold|Ounces | | | |g/t | | |----------------------------------------------------------| |Measured | |4.38| 107,600| | |763,500 | | | |----------------------------------------------------------| |Indicated | |5.54| 217,600| | | 1,221,000 | | | |----------------------------------------------------------| |Measured+Indicated | |5.10| 325,450| | | 1,984,500 | | | |----------------------------------------------------------| |Inferred | |7.14| | | |112,000 | | 25,700 | ------------------------------------------------------------ The mineral resources are blocks above gold cut of grade (COG), composite and have been capped at 30 g/t for the estimation of Mineral resources. The density to convert volume to tonnage is 2.7. Mineral resources that are not Mineral Reserves do not have demonstrated economic viability. The completed version of the PFS will contain further details and is to be provided within the next 45 days from the date of this press release as required by NI 43-101 regulations. Frank J. Basa, President and Chief Executive Officer on property resources at lower grade "We have made progress from our 43-101 low-grade resource at 1 gram per tonne gold which was standing at 1.6-million ounces Measured and Indicated with 1.0-million ounces inferred as per the November 15th, 2012 press release with a revised resource of 934,000 ounces Measured and Indicated at 2.21 g/t gold with 627,000 ounces Inferred at 2.23 g/t gold as per the PEA issued February 4th 2013 (effective December 21st, 2012). The scenarios noted in the PEA was part of the optimization process, included increasing the open-pit resource grade from 1 g/t to 2 g/t. The material is still there, however it has been reengineered with the PFS Rolling Start to reduce risk and fast track the project." Qualified Persons Claude Duplessis, P. Eng., consultant for SGS, is responsible for validating the database and estimating the mineral resources described herein and has reviewed and approved the contents of this news release including after tax (relying on another expert). Claude Duplessis is a Qualified Person and is independent of Gold Bullion within the meaning of NI 43-101. Jonathan Gagne, Eng., and Gaston Gagnon, Eng., mining engineers at SGS, are responsible for the mining and economic aspects before tax of the disclosure and have reviewed and approved the contents of this news release. Jonathan Gagne and Gaston Gagnon are both Qualified Persons and are independent of Gold Bullion within the meaning of and as defined by NI 43-101 regulations. We seek Safe Harbor. © 2014 Canjex Publishing Ltd. All rights reserved.
  6. Oddball

    Gold Bullion Development Corp

    At last, some movement. Gold Bullion to process Granada ore at Iamgold's mill2014-04-10 10:47 ET - News Release Also News Release (C-IMG) Iamgold Corp Mr. Frank Basa of Gold Bullion reports GOLD BULLION ANNOUNCES MOU WITH IAMGOLD Gold Bullion Development Corp. has signed a memorandum of understanding with Iamgold Corp., dated April 8, 2014, with respect to Iamgold processing ore emanating from the Granada mine site at its Westwood mill. After appropriate due diligence, Management has determined IAMGOLD Corporation is the best-positioned local mill facility to process the mineralized material from Granada. In summary, its proximity provides the most cost effective and economic option for the Company due to the short hauling distance from the Granada mine site. The subject-mineralized material is to be mined from the near surface drill indicated gold resource identified in the Extend LONG Bars Zone. At this stage of property development, the Company is targeting a total of 500,000 to 600,000 tonnes of mineralized material for processing over a three-year period. The transaction terms outlined in the MOU are non-binding on the parties and the MOU is expected to be superseded by a definitive milling agreement to be signed between the parties no later than June 30th, 2014. Memorandum of Understanding Under the proposed terms of the MOU, IMG anticipates milling between 500,000 to 600,000 tonnes of gold mineralized material for Gold Bullion or 150,000 to 200,000 tonnes on an annualized basis. Management has set out the initial terms of the milling agreement at three years with the subject-mineralized material to be milled in batches. It is expected typical batch size will range from 35,000 to 50,000 tonnes with each batch of material to be processed consecutively as one complete batch. Processing will take place on a schedule of one batch every three months. Once each batch of ore has been processed, settlement to Gold Bullion is to be made in the form of recovered precious metals that will be deposited to Gold Bullion metal accounts at the refiners' offices.The milling agreement will have an Evergreen clause that will renew the agreement automatically for an additional three years upon completion of this first agreement unless either party notifies the other in writing otherwise. This written notice must be with 120 days advance notice prior to the end of this initial term. The milling agreement can also be terminated earlier for convenience or based on other changes in circumstances, again by either party. Detailed specifics of the milling agreement will be forthcoming when finalized by both parties. http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGBB-2164440&symbol=GBB&region=C
  7. Oddball

    Gold Bullion Development Corp

    There's been a few great moves recently by management like the forum - link above, and; Gold Bullion Provides Mineral Potential at Depth for Granada VANCOUVER, Nov. 26, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce the potential quantity and grade ranges for the underground extensions at its Granada gold property, located on the prolific Cadillac trend in northwestern Quebec, 5 km south of the city of Rouyn-Noranda. Based on the resource estimate information and the deep hole program interpretation, SGS Canada Inc. has provided the following potential quantity and grade ranges: POTENTIAL QUANTITY AND GRADE RANGES (1) Zone Metric Tonnes (Million) Gold grade (g/t) UG extension West 7.4 to 11.1 3.40 to 4.70 UG extension East 2.2 to 3.3 3.20 to 4.30 Total 9.6 to 14.4 3.35 to 4.61 (1) The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential stated above is based on projections within the mineralized plan of two and three mineralized zones of 3 meters true width on the west and east side of the deep hole program under highly drilled surface mineralization. As disclosed in Gold Bullion's press release of November 15, 2012: The total gold resource at Granada now stands at 1,605,000 gold ounces in the Measured and Indicated categories with 1,033,000 gold ounces in the Inferred category using a cut-off grade of 0.40 g/t. The in situ measured resource is 946,000 ounces (28.735 million tonnes grading 1.02 g/t), indicated resource is 659,000 ounces (18.740 million tonnes grading 1.09 g/t), and inferred resource is 1,033,000 ounces (29.975 million tonnes grading 1.07 g/t Au), using a cut-off grade of 0.40 g/t. Additional information can be found in the Company's press release of November 15, 2012. On April 22, 2010 the Company set a target of 2.4 to 2.6 million ounces of gold as per the original preliminary block model estimate. That target has been hit as evidenced by the press release dated November 15, 2012. Based on this additional data from SGS, Frank J. Basa, Gold Bullion's CEO, is very pleased to state "The Company is now targeting 3.6 to 4.6 million ounces of gold from the next phase of the continued exploration program at Granada with some 80% of the extended Long Bars zone remaining to be explored." Claude Duplessis, 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. Read more at http://www.stockhous...y7Bg53wBhFwH.99 Amounting to possibly another 2Moz Au. No nugget effect considered and only 20% of the property explored. Just a matter of time before this one blows its top.
  8. Oddball

    Gold Bullion Development Corp

    New GBB forum - http://goldbulliondevelopmentcorp.com/en/forum/forum-list.aspx
  9. Oddball

    Gold Bullion Development Corp

    Great reserve estimate update but the market remains unmoved! What on earth do these guys have to do to catch a bid. GOLD BULLION PROVIDES MINERAL RESOURCE ESTIMATE UPDATE FOR GRANADA Gold Bullion Provides Mineral Resource Estimate Update For Granada VANCOUVER, Nov. 15, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an updated independent NI 43-101 compliant gold mineral resource estimate 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 total gold resource at Granada now stands at 2,638,000 gold ounces using a cut-off grade of 0.40 g/t with 1,605,000 ounces in the Measured and Indicated categories. Highlights include the following: The in situ measured resource is 946,000 ounces (28.735 million tonnes grading 1.02 g/t), indicated resource is 659,000 ounces (18.740 million tonnes grading 1.09 g/t), inferred resource is 1,033,000 ounces gold (29.975 million tonnes grading 1.07 g/t Au) using a cut-off grade of 0.40 g/t. The selected base case in-pit measured resource is 811,300 ounces (24.992 million tonnes grading 1.01 g/t), indicated resource is 354,600 ounces (9.336 million tonnes grading 1.18 g/t), inferred resource is 11,100 ounces gold (0.449 million tonnes grading 0.77 g/t Au) using an effective cut-off grade of 0.36 g/t based on a Whittle-optimized pit shell simulation using estimated operating costs, a 3 year trailing average gold price of CAN$1450 per ounce and a corresponding lower cut-off grade of 0.36 grams per tonne gold. Previous small open pits have been taken into account and are starting surfaces of optimization while the historical production of 51,476 ounces (181,744 sT @ 0.28 oz/sT) from 1930 to 1935 are included in the resource statement. (cannot physically remove from measured, indicated or inferred). The mineralized system is still open at depth and laterally. SGS Canada Inc, (SGS Geostat office of Blainville, Québec, "SGS") are the independent resource estimate consultants for the Granada project. SGS has authorized the release of the following estimates included in the table below that summarize their block model estimates using variable cut-off grades: Granada gold deposit In Situ Resource Estimates Cut-off 0.4 g/t Tonnage Au g/t Au Oz Measured 28,735,000 1.02 946,000 Indicated 18,740,000 1.09 659,000 Total M+I 47,475,000 1.05 1,605,000 Inferred 29,975,000 1.07 1,033,000 Cut-off 1.0 g/t Tonnage Au g/t Au Oz Measured 7,810,000 2.14 536,000 Indicated 5,347,000 2.32 398,000 Total M+I 13,157,000 2.21 934,000 Inferred 8,600,000 2.23 617,000 Cut-off 2.0 g/t Tonnage Au g/t Au Oz Measured 2,533,000 3.76 306,000 Indicated 1,869,000 4.07 245,000 Total M+I 4,402,000 3.89 551,000 Inferred 3,030,000 3.89 379,000 Note: rounded numbers, base case cut-off >0.4 g/t in bold. SGS also estimated an in-pit resource within a Whittle-optimized pit shell using a base case gold price of CAN$1450 per ounce. The table below summarizes the in-pit resources with the selected base case in Whittle optimizations: In-pit Estimates* CoG g/t Ore M tonnes Grade g/t Au oz Nov 2012 (within claims & Au = 1450 $/oz) Measured Indicated Inferred 0.36 0.36 0.36 24,992,000 9,336,000 449,800 1.01 1.18 0.77 811,300 354,600 11,100 Mea+Ind 0.36 34,328,900 1.06 1,166,000 *Rounded numbers The in-pit estimate is based on a mining cost of CAN$2.00 per tonne and a processing cost of CAN$16.00 per tonne (including G&A), assuming gravity cyanidation treatment of the mineralized material. Other assumptions include 94.1% recovery of gold in and pit wall slope angle of 45 degrees in the south footwall and 50 degrees in the north hanging wall. Details on the parameters of the resource estimates are as follows: The database used for Granada includes drilling obtained from the 2009-2010-2011 and 2012 from Gold Bullion drill programs. Most NQ assays reported by Gold Bullion were obtained by standard 50 g fire assaying-AA finish or gravimetric finish and another fraction by screen metallics at various laboratories, ALS Chemex laboratories in Val d'Or, Quebec, Accurassay, Lab Expert and Swastika. The estimates were done using Inverse Distance Square (ID2) as the interpolation method based on 1.5 metre analytical composites. Composites calculations are based on original samples value and were afterward capped at 30 g/t. All estimates are based on a Parent Cell dimension of 10 metres E, 5 metres N and 5 metres height with search ellipsoid and estimation parameters determined for the mineralized zone geometry. Geological interpretation for the deposit identified one main structurally-controlled mineralized domain including higher grades within the envelope hosted by conglomerates of the Timiskaming group. The estimation of the mineralized domain was done in 3 runs where the first required a minimum of 4 holes using a maximum of 3 composite per hole within a search ellipsoid of 50m by 50m by 5m dipping 47 degrees north, while the second run used a minimum of 3 holes within a search ellipsoid of 100m by 100m by 10m dipping 47 degrees north, and the last run one hole within the domain minimum 3 composites in a 200m by 200m by 15m dipping 47 degrees north. For the classification 4 holes with 3 composites within a 40m by 40m by 5m ellipsoid for measured, 3 holes with 3 composites within a 80m by 80m by 10m ellipsoid for indicated, the rest being inferred. Underground voids (shaft & drifts) were modeled from historical mine plans and adjusted according to positions of drill intersections in stopes and drifts. The stopes could not be placed in space with accuracy. Historical production from underground needs to be subtracted from the resource estimate. Tonnage estimates are based on rock densities of 2.70 tonnes/cubic metre. The global resource estimates using the lower cut-off of 0.4 g/t Au is emphasized for reporting purposes as this is close to the in-pit cut-off estimated for the CAN$1450 Whittle shell, which represents the reasonable potential of economic extraction in SGS QP's opinion. Additional details will be provided in the technical report to be issued within the next 45 days. Mr. Claude Duplessis, Ing. of SGS is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed. 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. Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 Canada Newswire November 15, 2012 - 10:45 AM EST
  10. Oddball

    Gold Bullion Development Corp

    I know GBB management have mentioned Granada in the same breath as the Detour Lake and Malartic deposits in the past - maybe they are right! Drill hole GR-12-400 extends near surface mineralized zone an additional 175 meters to the West of the current LONG Bars zone resources model Gold Bullion Development Corp. GBB 10/18/2012 10:13:00 AM Drill hole GR-12-400 extends near surface mineralized zone an additional 175 meters to the West of the current LONG Bars zone resources model VANCOUVER, Oct. 18, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce that drill-hole GR-12-400, the western-most of the holes available to date, has hit significant gold mineralization. GR-12-400 returned 0.45 g/t Au over 85.50 metres from 30.0 to 115.5 metres including 2.19 g/t Au over 4.50 metres near surface from 30.0 to 34.5 metres down hole. These results confirm the extension of gold mineralization continuing 175 metres to the west of the current resource model at the Granada gold property. The total extent of confirmed mineralization now reaches 1400m East-West by 950m North-South. This is a significant confirmation of gold mineralization extension in the context of the resource estimate and suggests the overall gold resource will be larger than the 641,100 ounces of gold Measured/Indicated and 846,600 ounces of gold Inferred as delineated in the summary press release dated April 2nd, 2012. The average grade of 0.45 g/t Au over 85.50 metres returned in hole GR-12-400 is noteworthy when compared to the 0.40 g/t Au cut-off grade utilized in the most recent and current NI-43-101 resource estimate. The overall grade of this mineralization extension hole is likely high enough for inclusion in the resource update expected to be released prior to the end of 2012. Other highlights include holes: GR-12-413 - 0.55 g/t Au over 109.5 metres from 4.5 metres to 114.0 metres GR-12-412 - 0.58 g/t Au over 82.5 metres from 15.0 metres to 97.5 metres GR-12-414-R - 0.92 g/t Au over 28.5 metres from 7.5 metres to 36.0 metres Additional drill results are included further below. The Granada gold property is located on the prolific Cadillac trend in north-western Quebec, 5 km south of the city of Rouyn-Noranda, bordering Osisko-controlled property on one side. The jurisdiction is widely acknowledged as world class with a rich history of mining in a stable geo-political environment that features numerous economic gold deposits and operating gold mines with Quebec consistently ranking in the top five best places to mine globally. With over 80% of the expanded LONG Bars zone yet to be systematically explored, ongoing drill results that continue to hit significant gold mineralization are suggestive of a potentially massive deposit similar in size to other world-class deposits documented in the region. The advanced infrastructure and advantageous Granada location will facilitate and assist Gold Bullion Development Corp. as the Company moves toward mine development and gold production. Drill Hole From To Length(m) Au (g/t) GR-12-395 72.0 85.5 13.50 0.64 GR-12-396 49.5 63.0 13.50 0.64 GR-12-397 34.0 42.0 8.00 0.53 GR-12-398 52.5 60.0 7.50 0.58 GR-12-399 129.0 138.0 9.00 0.83 GR-12-399 36.0 45.0 9.00 0.45 GR-12-400 30.0 115.5 85.50 0.45 including 30.0 31.5 1.50 6.39 including 61.5 64.5 3.00 3.41 including 114.0 115.5 1.50 2.49 GR-12-401 93.0 100.5 7.50 0.82 GR-12-411 42.0 49.5 7.50 0.75 GR-12-411 121.5 129.0 7.50 0.65 GR-12-412 15.0 97.5 82.50 0.58 including 15.0 19.5 4.50 8.39 including 94.5 97.5 3.00 1.46 GR-12-413 4.5 114.0 109.50 0.55 including 4.5 7.5 3.00 11.54 including 81 82.5 1.50 1.07 including 93.0 94.5 1.50 4.40 including 112.5 114.0 1.50 2.50 GR-12-414-R 7.5 36.0 28.50 0.92 including 7.5 9.0 1.50 1.75 including 12.0 15.0 3.00 3.26 including 16.5 19.5 3.00 1.69 including 28.5 36.0 7.50 0.94 GR-12-436 37.5 42.0 4.50 1.62 GR-12-436 264.0 267.0 3.00 4.01 GR-12-437 48.0 51.0 3.00 1.34 GR-12-438 10.0 12.0 2.00 0.57 GR-12-438 57.0 60.0 3.00 0.80 GR-12-438 85.5 88.5 3.00 1.17 GR-12-439 18.0 24.0 6.00 0.83 Core lengths are close to true thickness and uncut, some intervals include low-grade zones. Accurassay Laboratory conducted the 50-gram fire assay testing at their facility in Ontario with blanks and standards inserted into the sequence in addition to Laboratory QA/QC. Moreover, the water-filled pit bottom survey carried out by Mazac Geoservices Inc., at the request of SGS, has demonstrated that the small pit to the East is a shallow pit of one lift only and easily accessible gold mineralization considered mined out in previous resource statement will now be incorporated. Historical tailings are only in historical Pit 1 north of shaft #1. Frank Basa, Gold Bullion's CEO, remains confident in the potential of Granada as drill results continue to demonstrate the presence of progressively increasing widespread significant gold mineralization supportive of a near-surface low-grade bulk mining scenario. Additional details regarding ongoing planning and continued progress at Granada will be released as they are finalized. The Company remains committed to releasing an updated NI-43-101 by the end of December 2012. Claude Duplessis, 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.
  11. Oddball

    Gold Bullion Development Corp

    I think it was the NR regarding SGSs assessment of the economics of near term production that stirred interest again. Gold Bullion Awards SGS Canada Inc. Mandate for Preliminary Feasibility Study for a Mine Start-up Using Custom Milling Outside Granada Gold Bullion Development Corp. GBB 9/12/2012 10:25:00 AM Gold Bullion Awards SGS Canada Inc. Mandate for Preliminary Feasibility Study for a Mine Start-up Using Custom Milling Outside Granada VANCOUVER, Sept. 12, 2012 /PRNewswire/ - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce it has awarded a contract of professional services to SGS Canada Inc., Geostat Mineral's service group under direction of Claude Duplessis, P. Eng. and qualified person, for the completion of a preliminary feasibility study by the end of 2012 in order to fast track the development of the Granada Property. The Company has requested the preparation of a short term scenario for custom milling while it continues to develop the long term plan with an on-site mill. As of today, backlog is now completed and the remaining core and new core drilled have been split and sent to Accurassay Laboratories for gold fire assay. The latest available assay results are being compiled and interpreted and will be provided and publicly disclosed in the coming weeks. Frank Basa, Gold Bullion's CEO, is very pleased to move forward toward production of gold from the Granada property. Claude Duplessis, 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 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. PR Newswire September 12, 2012 - 10:25 AM EDT And of course the upturn in the juniors - at last! Still early days but this is the best action here for 18 months.
  12. Oddball

    Gold Bullion Development Corp

    Jimbo - Yeah I'm still in here and wish I wasn't. I suppose the only consolation here is that the recent downtrend is on low low volume and is in keeping with the majority of the junior golds. Question is, can they survive. Well according to the company they have enough funds for completion of the PEA and second 43-101, and I guess they are hoping for some improvement in market conditions before these are released. The best/news funding option at the moment to me would be for them to go into production ie start trucking ore off-site for processing at a third party mill. Roger Thomas tells me that this is their plan but are awaiting winter and spare capacity at a local mill to become available. I don't know, I'll believe it when I see it. Still, they do already have 1.5Moz already 43-101'd with a good possibility of a lot more. The target being a least 3Moz. As far as I understand, its at this point that due to the economies of size the low grade ore <0.4g/t becomes viable. As you will know, the bulk of GBBs drill results where long low grade intercepts. So you never know, one day this might amount to a bit more than an interesting way to lose money.
  13. I remember reading about the 1908 banking panic where the bankers were dragged from their offices and hung from lamposts - a little harsh I though at the time. Maybe not! Arghhhhhh ......... Breath.......breath....... Calm down :x
  14. As for Bob Diamond (blood boiling) I'd put him in the dock with Brown steam n' ears. Justice and accountability must prevail here. If this lot are allowed to get away with this brazen crookery it will foister their cheat, deceipt and criminal scheming. Enough!
  15. Outrage! Why are these people even walking the streets. They should be jailed and all assets frozen. Crooks and thieves the lot of them. Arghhhhhhhhhh!!!
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