Gold Bullion Development Corp Down 6% as releases geological interpretation of Granada Gold Ppty

By MT Newswires,  September 10, 2010, 12:38:27 PM EDT

Gold Bullion Development Corp (GBB.V) is down nearly 6% despite reporting that Phase 2 drilling at its Granada Gold Property has delivered the best near-surface assay result yet.

In addition, it said the geological interpretation of the LONG Bars Zone - in particular the growing Eastern Extension where visible gold has been intersected within porphyry in numerous holes - is evolving after 18,000 metres of drilling the past four months. Gold Bullion is aggressively exploring Granada, located five kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific "Cadillac Trend" where numerous multi-million ounce deposits have been discovered and developed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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