Smart Investment - mexicomike.ca

[r2j316]

Looking forward to seeing Drill Results Next Week.
Should be exciting!!!

RJ

The LONG Bars Zone Eastern Extension is outside the LONG bars zone preliminary block model where a significant potential non-compliant resource was detailed in the company's April 22, 2010, news release. A total of 41 Phase 2 holes have now been completed in the Eastern Extension covering an area measuring 450 metres north-south and 450 metres east-west. Over the last few weeks GENIVAR, the company's geological consultant, has had the eastern extension drill rig operating mostly in between sections previously drilled to verify their continuity. Large alteration and intrusive zones have been identified in holes north, south, east and west of phase 1 discovery hole GR-10-17. Visible gold, associated with pyrite and arsenopyrite, has also been observed in feldspar porphyry intrusions particularly in the northern half of the LONG Bars Zone Eastern Extension.

Infill drilling continues within the Preliminary Block Model where 43 Phase 2 holes have been completed (initial assays were released July 29, 2010, and included an interval of 1.07 g/t Au over 123.50 metres in GR-10-33).

A total of 17,000 metres of Phase 2 drilling, 85 per cent of the planned program, has now been completed throughout the LONG Bars Zone (Preliminary Block Model plus the Eastern Extension). Mineralization remains open in all directions.

The company expects to release additional assay results the week of September 6.

[r2j316]

GOLD BULLION EXTENDS LONG BARS ZONE TO THE EAST

TWO EARLY PHASE 2 HOLES WITHIN
BLOCK MODEL RETURN 123 METRES OF 1.07 G/T AU
AND 75 METRES OF 1.50 G/T AU

July 29, 2010

Mr. Frank J. Basa reports:

Gold Bullion Development Corp. (GBB, TSX.V) (the “Company” or “Gold Bullion”) is pleased to report significant progress in the advancement of its 100% owned Granada Gold Property as a potential bulk tonnage, open-pit deposit. Located five kilometers south of Rouyn-Noranda, Quebec, along the prolific Cadillac Trend where numerous multi-million ounce gold deposits have been discovered, Granada presents considerable exploration upside as most of Gold Bullion’s nearly 50 square kilometre land package surrounding the former mine is just beginning to be explored in a systematic fashion.

The LONG Bars Zone geological structure has been confirmed by GENIVAR, Gold Bullion’s geological consultant, to extend east of Phase 1 discovery hole GR-10-17 (the easternmost hole drilled in Phase 1), demonstrating the growing magnitude of this mineralized system which remains open in all directions and appears to be broad-based and near-surface. The east-northeast (ENE) discovery area is outside the Preliminary Block Model and was therefore not part of the calculation of potential non-compliant resources at Granada as outlined in the Company’s April 22, 2010, news release.

A total of 6,055 metres of drilling in 27 holes has been completed in the ENE area in Phase 2 with each and every hole (north, south, east and west of GR-10-17) intersecting significant zones of altered feldspar porphyry (favorable for gold mineralization) with quartz veining. Visible gold has also been observed in many of these holes including GR-10-78 which just became the easternmost hole drilled to date by Gold Bullion at Granada. GR-10-78, collared nearly 250 metres east of GR-10-17, was drilled to a vertical depth of 350 metres and intersected large alteration and intrusive zones.

The total surface area covered to date by Phase 2 drilling in the ENE is 370 metres north-south and 384 meters east-west. The current round of drilling has been at least twice as deep as Phase 1 with very encouraging showings below 150 metres vertical depth where only limited drilling has been carried out historically at Granada. The first Phase 2 assay results from this ENE area have yet to be received. Drilling carries on as GENIVAR continues to test a number of auriferous structures contained within a wide, east-west trending zone of shearing, alteration and quartz veining.

Meanwhile, the Company is pleased to report the first few assay results from extensive infill drilling which continues within the Preliminary Block Model. GR-10-33, collared 144 metres east of the waste pile and 100 metres northeast of Pit #2 East, intersected 123.5 metres of 1.07 g/t Au (from 23 to 146.5 metres) within a wider interval of 152.5 metres grading 0.88 g/t Au (from 3.5 to 156 metres). GR-10-33 was drilled to the southeast at minus-65 degrees in order to test the LONG Bars Zone northeasterly trending fault structures.

Sixty metres to the west of GR-10-33, another hole has delivered impressive results as GR-10-41 returned 75 metres of 1.50 g/t Au (from 54.9 to 130 metres) within a wider interval of 149.35 metres grading 0.83 g/t Au (from 3.65 to 153 metres). This assay includes a high grade section of 4.98 g/t Au over 20.65 metres (from 109.35 to 130 metres).

Both GR-10-33 and GR-10-41 were drilled in areas of the Preliminary Block Model where only limited historical drilling has occurred.

“We are thrilled with the way this large project is coming together and we are eagerly anticipating additional drill results,” stated Gold Bullion President and CEO Frank Basa. “We’re drilling for structure and we’re finding it consistently throughout the entire east-northeast area, and early drill results from within the Preliminary Block Model are very encouraging with long intersections of mineralization. Our 30,000 tonne bulk sample in 2007 graded 1.62 g/t Au and has given us a high degree of confidence in terms of what our grade would be in the event this potentially large deposit were to go into production. In a deposit of this nature, the mill grade often significantly exceeds the drill core grade as was demonstrated by our bulk sample. We’re in a strong financial position and we’re looking forward to a very busy and exciting summer, fall and winter at Granada. We are planning an even larger Phase 3 program to immediately follow Phase 2 which is already approximately 60% complete.”

Gold Bullion will continue with at least two drill rigs at Granada through the remainder of the year. While one Landdrill International Inc. rig will focus on infill and definition drilling within the Preliminary Block Model, pursuant to a 43-101 resource estimate, the other drill rig will continue to gradually push eastward over highly prospective ground that leads out to LONG Bars Zone 2 which begins 1500 metres east of GR-10-78. LONG Bars Zone 2, recently identified by Gold Bullion and GENIVAR, will be drill-tested later this year. This area, with at least a kilometre of gold-bearing structures, has similar geological characteristics to the original LONG Bars Zone and significantly expands the potential scale and geometry of the Granada gold system.

An updated Phase 2 drill map has been posted on the Company’s web site, http://www.GoldBullionDevelopmentCorp.com.

Mineralization remains open in all directions at Granada. A prominent zone of deformation, hydrothermal alteration and quartz-veining extends for at least five kilometres around the old mine workings.

Assay Results - Preliminary Block Model

Drill Hole From (m) To (m) Interval (m) Weighted Gold grade
GR-10-41 3.65 153.00 149.35 0.825 g/t Au
including 54.90 130.00 75.10 1.504g/t Au
including 109.35 130.00 20.65 4.978 g/t Au

GR-10-33 3.50 156.00 152.50 0.879 g/t Au
including 23.00 146.50 123.50 1.072 g/t Au
including 23.00 28.50 5.50 4.474 g/t Au
including 23.00 27.10 4.10 5.766 g/t Au
and including 72.50 146.50 74.00 1.406 g/t Au
including 102.30 146.50 44.20 2.105 g/t Au
including 102.30 124.20 21.90 3.852 g/t Au

GR-10-28 181.40 258.50 77.10 0.287 g/t Au
including 225.00 258.50 33.50 0.417 g/t Au
including 249.00 258.50 9.50 1.059 g/t Au

GR-10-27 141.00 205.10 64.10 0.250 g/t Au
including 169.50 205.10 35.60 0.355 g/t Au
including 174.50 205.10 30.60 0.349 g/t Au
including 174.50 178.50 4.00 1.343 g/t Au
All drill holes were planned to intercept the north-dipping vein structures at high angles. No intersections are actual true width.
The drill program and drill core sampling, including the quality assurance/quality control program, were supervised by GENIVAR, Gold Bullion's geological consultants. Core was sent to Laboratoire Expert in Rouyn-Noranda, Quebec and Swastika Laboratories in Swastika, Ontario for analysis. Gold and silver were assayed by fire assay with additional metallics analysis done on samples where visible gold was identified. Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at both labs. Quality control is further assured by the insertion of blind certified standard reference material and blanks into the sample stream at regular intervals by Gold Bullion and GENIVAR personnel in order to independently assess analytical accuracy.

[deeper]

I'll be the first to admit the stock is stretched. However, the volume is and continues to be extremely heavy on a daily basis which is unusual.

[kjm]

Nobody's posted on GBB lately so I guess its time. No news really other than the fact that they have two drills going now and the sp just keeps grinding higher with good volume. The company that did the last pp is also an active buyer and not a seller. It may correct one of these days, but I like the fact that it is moving higher in a measured manner rather than spiking, correcting and consolidating.

http://stockcharts.com/h-sc/ui.....;listNum=1
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.

[King Tut]

GBB was suggested to me by a very wise investor at PDAC.

Made some on recent rise but feel SABINA is a better bet all in.

ALSO, must say Brent Cook view turned me off some also.

[deeper]

Boo hoo, cry me a river, you've been bashing Frank Basa since .20.

I've helped more a few people make $ on this stock thank you very much.

I posted one line on Tirex, you call that hot and heavy?

http://www.mexicomike.ca/php/p.....ight=tirex

Yes, I took a small loss after poor drill results. Moved on. GBB is already up 130% from the PP not counting warrants.

See you at a buck coral. You can bash Frank Basa when we get there.

[kjm]

Coral....do you think Frank lied to you with intent or was he just not able to live up to his promise. It would probably piss you off either way but there is a difference.
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.

[Coral Calcium]

Deeper- Well I certainly got out way too soon and left plenty on the table. There was no way of knowing the pump on this stock would be so well orchestrated. Frank Basa lied to me for 2 years straight about selling me gold from production for around $350 per ounce. So this stock just got the right promoters to move it way up. I still think you will see this stock back down to 20-30 cents. By the way, you were hot and heavy promoting Tirex on this forum at aound 47 cents. Now it's around 18 cents. It seems to me you lost on that what you made on this. I haven't heard you mention that one lately, or do we just make the losers kind of disappear, like they never existed?

[deeper]

what ... you expect anything less from labeling me a pumper paperboy?

[blacknite4]

Gold Bullion Development Corp.: PreliminaryMetallurgical Testing of Castle Silver Mine Tailings
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June5, 2008) - Frank Basa, P. Eng, the President of Gold Bullion DevelopmentCorp. (TSX VENTURE:GBB) (the "Company") announces that the Company hascompleted preliminary metallurgical testing on a grab composite sampleof silver tailings material extracted from the tailings pond at theCastle Silver Mine in Gowganda, Ontario. The test results indicate thatit responds to gravity processing conditions. The sample used fortesting was a composite made up of several grabs samples taken at depthfrom one of the tailings ponds. The combined sample weighed in about 100kilograms. The head assay of the test composite sample obtained was293.88 grams per tonne silver (8.57 ounces per ton silver) 0.132 percentcobalt and 0.467 percent arsenic. After gravity concentration, theconcentrate grade assayed 8408.75 grams per tonne silver (245.25 ouncesper ton silver) 2.12% cobalt and 12.64% arsenic. The higher-grade silverconcentrate may also result in cobalt returns.

The Castle SilverMine property is 100% owned by the Company and located 85 kilometresnorthwest of the silver camp in Cobalt, Ontario. The property consistsof 34 leased mining claims and two licences comprising severaldisconnected groups located in the Haultain and Nicol Townships, LarderLake Mining Division, District of Timiskaming, Ontario, coveringapproximately 564.4 hectares. There are three mine shafts numbered one,two and three with respective depths of 149 metres, 140 metres and 259metres with excellent infrastructure and access to power. Access to thevarious properties can be readily gained by secondary roads that extendnorthward from Highway #560.

The 1989 Cobalt ResidentsGeologist's District report says the Castle mine, in operation since1917, produced 763,127,010 grams of silver (22.26 million ounces ofsilver) from the No. 3 shaft to 1989. Recent production fromAgnico-Eagle Mines Ltd. for the Castle mine during the 1979 to 1989 termwas as follows: 101,024 tonnes milled, 91,421,294 grams silver (2.67million ounces of silver), 34,597 kilograms cobalt and 10,180 kg copper.

Theresult are extremely encouraging and indicates that by means of gravityprocessing the tailings, it is possible to produce a high grade silverconcentrate. The assays were done at Swastika Laboratories Ltd. The testprogram was supervised by Frank J Basa, P.Eng, a qualified person asper National Instrument #43-101, who has also reviewed this release.

Formore information on Gold Bullion Development Corp. (TSX VENTURE:GBB),visit our website http://www.goldbulliondevelopmentcorp.com/en/.

ONBEHALF OF THE BOARD OF DIRECTORS

Frank J. Basa, P.Eng.,President

This press release has been prepared by management.

The TSX Venture Exchange has not reviewed anddoes not accept responsibility for the adequacy or accuracy of thisrelease.

For more information, please contact

Gold Bullion Development Corp.
Frank J. Basa,P.Eng.
President
(613) 823-3359 and (613) 292-2438
Email: info@Goldbulliondevelopmentcorp.com
Website:www.goldbulliondevelopmentcorp.com/en/

[paperboy]

Wow. That's about as shitty a comment as I've seen on this site in a long time.

This is a tough business. We try not to complain when we're losing, but we never should gloat when it's going our way.

[deeper]

http://www.bullmarketrun.com/2.....e-project/

Tough break selling coral, you win some you lose some.

[dirkdiggler]

[deeper]

Need Brent Cook to form an opinion?

Haven't learned from Otto Rock to DYODD dude?

You can always sell like Coral Calcium and move on...

[kjm]

I think its definitely running on an abundance of optimism right now as opposed to fundamentals. I have no idea if they'll end up with a commercial deposit or not so I wouldn't bet the farm on them but they are an interesting spec.
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.