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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 22.8K
GBB On Other Exchanges
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As of 2:42 PM 04/20/15 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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Market Cap
10.8M
Average Volume 10 Days
260.4K
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Shares Outstanding
308.9M
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Current Stock Chart for GOLD BULLION DEVELOPMENT COR (GBB)

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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. 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.

Gold Bullion Identifies New Gold-Bearing Structures at Castle Property Including 3.77 G/T over 1.27 M

Gold Bullion Development Corp. continued to be encouraged about the overall gold hosting potential of the Castle property with the indication of a potential second gold mineralization zone to the north of 2014's trenching activities based on mineralized boulders north of the strongly mineralized zones in the 2014 trenching work. The Castle property is located in Haultain and Nicol Townships in northern Ontario within the historic Gowganda silver mining camp. The property comprises 3,252 hectares and includes the historic former silver producing Castle Mine. The Company has established a fully integrated exploration camp with diesel-generated power on the property accessible year around by paved and gravel roads. This newly discovered gold mineralization is in addition to the high-grade silver drill intersection highlighted in an August 25, 2011 announcement of 3.09 m (10.138 feet) grading 6,476 g/t Ag (188.80 oz/ton Ag) in Hole CA 11-08 from 563.54 to 566.63 m including a 0.45 m (1.476 feet) intersection of 40,944 g/t Ag (1,193.70 oz/ton Ag) in a calcite-Co-Ag vein (not true width). In tandem with the previous gold findings announced December 8, 2014 at the Castle property, the geological team is working to identify target areas from zones trenched in November 2014. These latest new channel sampling results indicate a grade of 2.24 g/t Au over 2.20 m along Channel 4 in Trench D3 including one channel sample of 3.77 g/t Au over 1.27 m. In Trench D1, Channel B indicates a grade of 0.77 g/t over 3.98 m including a sample grading 1.25 g/t Au over 0.83 m.

Gold Bullion Development Corp. Announces Start of 2015 Phase 1 Exploration in the Prolific Long Bars Zone of the Granada Gold Property

Gold Bullion Development Corp. announced the start of 2015 Phase 1 exploration in the prolific LONG Bars Zone of the Granada Gold Property. Meanwhile, historical data from over 400 drill holes is in the final stages of being integrated into a new resource model for this important project adjacent to the historical mining community of Rouyn-Noranda, Quebec. Highlights of current exploration developments: Trenching is being carried out over strategic areas immediately west and up to 2 km east of the planned high-grade rolling production start area; Trenching is designed to demonstrate continuity and extent of mineralization while also defining potential new high-priority drill targets; Geochemical water sampling suggests mineralization in this emerging mining camp may extend further west than previously thought; and Management is dually focused on the planned rolling production start, with 25 of the 26 permits received, and upgrading the existing resource estimate from November 2012 using a 1.0 g/t Au cut-off grade. Gold Bullion continues to target higher-grade mineralization in a LONG Bars Zone that stretches up to 8 km east-west. Numerous promising areas, especially extending laterally and to the north, have yet to be systematically explored or require follow-up work, including two corridors of mineralization leading from the planned initial high-grade starter pit area toward the west where a NNE deformation zone appears to be an important structural feature. The mesothermal structurally controlled vein-type deposit at the 60 sq. km Granada Property remains open in all directions. Only minimal drilling below the 330-meter vertical mark has occurred thus far at Granada. Initial deep drill holes in a 2012 test confirmed that gold mineralization in the LONG Bars Zone continues to a vertical depth of at least 1 km. Currently, another company on the Cadillac Trend is contemplating mining below a vertical depth of 3 km. Deposits in this region tend to have deep high-grade roots which can significantly extend the life of a mine well past early projections. Additionally, the Company is confident that once Granada is in production, silver credits may become an important factor at this mine. Historical reports for Granada from the Royal Canadian Mint show that for every 100 oz. of gold refined, 18 oz. of silver was produced.

 

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