Gold Bullion Releases Phase III Granada Drill Data; Shares Rise 10%

By Midnight Trader,  September 18, 2012, 02:30:14 PM EDT

Gold Bullion Development Corp. (GBB.V) announced results from the backlogged Phase III drill data at Granada in northwestern Quebec.

With over 80% of the expanded LONG Bars zone yet to be systematically explored, these ongoing, consistently strong drill results are suggestive of a potentially massive deposit similar to other existing world-class deposits in the region, the company said in a release.

Results from the backlogged core continue to show intersections with grades indicative of low-grade, high-tonnage, open pit potential.

GBB shares rose a penny at $0.115.




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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