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Last C$0.02 CAD
Change Today -0.005 / -25.00%
Volume 159.2K
GBB On Other Exchanges
As of 1:19 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

gold bullion development cor (GBB) Snapshot

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08/21/14 - C$0.08
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gold bullion development cor (GBB) Details

Gold Bullion Development Corp., a junior mining and exploration company, engages in the acquisition, exploration, and development of mineral property interests in Canada. The company explores for gold and silver. It primarily focuses on its 100% owned Granada Gold property with 2 mining leases and 178 mining claims covering 7,232.23 hectares located near Rouyn-Noranda, Quebec. The company was founded in 1985 and is headquartered in Rouyn-Noranda, Canada.

gold bullion development cor (GBB) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

gold bullion development cor (GBB) Key Developments

Gold Bullion Development Corp. Achieves Up to 97% Gold Recovery in Metallurgical Test Work in Advance of the Next Stage of the Rolling Start of Gold Production at the Granada Gold Mine

Gold Bullion Development Corp. has received excellent metallurgical test work results in advance of the Rolling Start to gold production at the Granada Gold Mine project in Rouyn-Noranda, Quebec. Work was done on what the Company has determined is the existing base grade of the gold deposit. The base grade is defined as the lowest consistent grade of the mineralized zone when all material is mined with a low waste to ore ratio. The assayed and calculated head grade ranged between 0.45 and 0.60 g/t gold. The calculated gold head grade is 33% higher than the assayed head grade and lends credence to the 30% historical increase in the grade consistent with and documented when the mine was producing in the 1930's. At that time, the assayed mine grade mill feed was compared to the production grade calculated from the poured gold bar ounces with over margin improvement of 30%. These latest test results show higher overall gravity and flotation concentrate achieved was 97.2% at a mass yield of 11.2% to produce a gold grade of 4.86 grams per tonne from the base grade of 0.45 g/t gold in the mineralized zone. It is now believed that reducing mass yield by flotation via a more environmentally friendly process can increase the upgrade ratio. Cyanide leaching of the concentrate resulted in a gold recovery rate of 90.6%. This test work was conducted by Gekko Systems Limited in Ballarat, Australia on a single composite 260-kilogram mineralized drill core samples from Granada Mine property. The Granada Mine is located on the prolific Cadillac trend with property drilling to date consisting of 88,467 meters in 424 holes plus historical drill results of 30,655 meters in 481 holes. The current NI 43-101 measured and indicated resources of the Granada Mine property total 1,605,000 ounces of gold contained in 47,475,000 tonnes grading 1.05 g/t gold with a cut-off grade of 0.4 g/t and with an inferred resource of 1,033,000 ounces gold in 29,975,000 tonnes grading 1.07 g/t gold.

Gold Bullion Development Corp. Reports Initial Results from the Most Recent Trenching Activities at Granada

Gold Bullion Development Corp. reported initial results from the most recent trenching activities at Granada. So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m. Since the beginning of the year, the Company has taken 103 samples, prepared, assayed and analyzed the material from two of the three trenches. The trenching program was designed to validate the existence and position of mineralized gold zones at surface over the most western pit with the advanced goal of characterizing and precisely locating the near surface high grades zones previously identified in drill holes GR-12-412 and GR-12-413. Digging parameters were established for the trenches located over the future pit at approximately two metres deep, four metres wide and eight metres in length. Results were obtained by excavation followed by blowing compressed air then channelling with a rock saw. Samples were then taken at 1-metre intervals prior to completing a DGPS survey. Based on the results, the Company will request a mining lease to the west to include this western extension into existing mining leases. Note: reported widths do not represent true widths as the zone dips at approximately 50° to the north. The mineralized section is in disseminated pyrite in a sericite-silica alteration zone similar to that intersected in drill holes GR12-412 and GR12-413, with near-surface mineralization starting near surface at 4.5 metres in the latter hole.

Gold Bullion Development Corp. Receives Wood Cutting Permit for Site Clearing in Preparation for Gold Production at Granada

Gold Bullion Development Corp. received a wood cutting permit and has begun timbre removal and ground clearing for the first proposed open pit in the Rolling Start to gold production at the Granada Gold Mine. In addition, ground preparation for the construction of a sound barrier south of the Mousseau Pit has also commenced as well as work in the polishing pond area. The historic waste rock dump to be used in building the barrier was screened and sampled with the use of a third party CA in program. This process commenced in 2010 as preliminary work for sound barrier construction that will proceed when the area is cleared and the CA has been received from the MDDELCC. The sound barrier will contain and reduce noise from mining activity to shield the nearest neighbours approximately 700 meters south of the initial pit. The rest of the land between these neighbours and the pit is a dense boreal forest that will also buffer noise and act as a natural dust filter. The 480,000 tone historic waste rock dump material was processed and screened three years ago for valorization as part of the company's Voluntary Rehabilitation initiative. The third party CA permit called for screening at 2.0 mm but was screened by the Company at 20.0 mm to remove any potential contaminants. This screening exceeded CA safety factor requirements by a magnitude of 10. Some of this screened material has since been used to stabilize drill trails, minimize soil damage and to improve recreational trails on the property. As part of the preparation for production and in consideration of the changes to long-standing trail permissions, the company voluntarily moved the trails to allow local long-term recreational users affected by the changes to continue using Granada land for leisure pursuits. Sound studies completed in 2014 measured average noise levels at three stations 700 to 900 meters from the proposed Mousseau Pit at 40db to 50db during the night and at 45db to 55db during the day with no mining activity taking place. The first sound barrier will be up to 5m tall but below tree height with additional sound barriers to be constructed using re-purposed waste rock as the Granada program advances.


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