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Tuesday, March 27, 2012

Mining Stocks; YALE (TSX-V: YLL) Continues to Encounter High Grade Silver at Los Amoles

VANCOUVER, British Columbia - March 27, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that sampling at the Los Amoles Silver Property, located in central Sonora, continues to show the potential for multiple sampling techniques within the property as a test sampling of select shafts has returned the widest and highest grade results to date from the property. Work at Los Amoles is being performed by Yale on behalf of Sonora Resources, who by funding the exploration have the right to earn a 70% interest in the property.
The central target area of the property, which surrounds the historic Rosales mine, measures approximately 300 by 600 metres and has the highest concentration of historic workings with greater than 20 shafts and adits identified to date. The distribution of workings on different veins and different sections of each vein provides access to various levels of the mineralizing system due to the topography. All mineralization encountered to date is open along strike and to depth. The recently completed work program was designed to test the exposed vein in the walls of the vertical shafts of select workings. This has proven very effective in getting a true sense of the mineralization that is not exposed at surface. Below are the highlights of the sampling program:
Investorideas.com Newswire Metallurgical recoveries and net smelter returns are assumed to be 100%.
In addition, a test soil grid covering an area measuring 200 by 400 metres proved very effective as it defined a 250 metre curvi-linear silver anomaly that has been interpreted to represent the buried continuation of a vein as well as several discrete anomalies that occur immediately down slope from historic workings and their respective waste piles.
As a result of the continued favourable results a much larger comprehensive sampling program is being proposed to Sonora Resources for the next exploration campaign on the project such that targets can be prioritized for drilling.
The work at Los Amoles during the past year has advanced the project significantly by concentrating on a two by three kilometre mineralized zone defined by a strong colour anomaly and now known to contain at least 60 veins with strike lengths up to 1 kilometre, 40 historic workings (adits and excavations) and 19 shafts.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is approximately 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Sonora Resources Ltd. has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 ($200,000 spent) on exploration expenditures and issuing 1,000,000 shares (600,000 have been received) to Yale over three years.
Work performed to date by Yale has concentrated on an area (the Rosales area) that is on the south eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. Yale's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property.
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101. The Los Amoles property is an early stage project that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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Monday, March 26, 2012

Gold Stocks; Gold Bullion (TSX-V: GBB) Provides Granada Mine Update

VANCOUVER - March 26, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an update on its Granada Gold Property, located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.
The Company has completed approximately 78,000 metres of drilling resulting in a significant expansion of the LONG Bars zone. The surface footprint has increased 5 fold from the original footprint, 300 metres by 600 metres, to over 750 metres by 1200 metres. In addition to the two historic shafts in the area where current mineralization exploration is being undertaken, there are another 3 historic shafts within a 6.8 km strike length to the east indicating that less than 20 percent of the potential Granada strike length has been explored to date.
Another 3.3 to 6.8 km is also open to exploration on the eastern Adanac Extension of the Granada Mine land holdings. Between this and the Granada Eastern Extension, is a 5.2 km area that Osisko Mining Corporation is currently exploring which already has historical drill sections. These sections confirm further mineralization to the east of Gold Bullion's Eastern Extension and extends the mineralized trend eastwards to Gold Bullion's eastern Adanac Extension property.
As such, the overall potential strike length of Gold Bullion's land holdings ranges from 10.1 to 13.6 km with no exploration undertaken to date on the eastern Adanac Extension. The current drill program is focused on evaluating the extent of the mineralization to the north and at depth.
Hole GR-11-390, the northern most hole drilled by Gold Bullion to date, encountered three significant mineralized sections of interest as follows:
Investorideas.com Newswire These are probable extensions of veins, deformation zones and alteration zones identified from recent and historic drilling at shallower depths. Work at Granada has shown that gold mineralization on the property occurs in veins and along contact of deformed conglomerate clasts and in alteration zones. The current drill program plan is for 3 holes with a wedge in each giving 6 pierce points through the projected mineralized zone.
Roughly 6,560 metres will be drilled with the goal of intersecting mineralization at depth in order to evaluate a potential down dip depth of over 2,000 metres at 50 to 70 degrees dip to the north. Of this total down dip length, we have thus far encountered gold mineralization of interest along 650 metres. As such, in theory, just 32.5 percent has been explored to date. The objective is to hit a minimum of 2 of the 5 known mineralized zones with thickness greater than 3 metres and grades at or above 3 g/t Au.
Near surface, the Company is in the exploration range for low-grade deposits of 10 to 20 ounces per metre drilled as compared to Osisko at 6,846 holes drilled for 789,707 metres at 1.37 grams per tonne for 8.6 million ounces of gold and Detour at 5,877 holes drilled for 889,520 meters at 1.08 grams per tonne for 17.67 million ounces of gold. Their respective ounces per meter drilled are 10.89 for Osisko and 19.86 for Detour. The Company is using this rule of thumb and expects to be in the lower range for the LONG Bars Zone of which overall approximately only 10 percent has been explored thus far.
The Company will release a NI 43-101 compliant resource estimate in the first quarter of 2012 being prepared with 321 of the 404 holes drilled to date. A total of 56,315 metres of the roughly 78,000 metres drilled so far are being utilized in the calculation of this first resource estimate. Gold Bullion plans to include the remainder of the drill data, inclusive of current drilling, into an additional or updated resource calculation to be released at a later date.
The balance of the Granada property still remains to be explored, with 3 other primary target areas that have been defined on the 11,000 hectare land holding.
The ongoing metallurgical test work has confirmed high gold recovery rates exceeding 90 percent, achieved via conventional gravity recovery followed by cyanidation. These results stem from the initial bulk sample undertaken in 2007 when 28,000 tonnes of mineralized material was processed and the work under taken by Gekko Systems and SGS Lakefield.
Gold Bullion is also undertaking baseline and hydro-geological studies in accordance with prerequisite regulatory requirements for issuance of a certificate of approval.
Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
Gold Bullion's management hope you can attend the Annual General Meeting scheduled for April 12, 2012 in Montreal, Quebec and look forward to meeting those able to make it. For further details please contact our head office in Montreal at 1-514-397-4000.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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Wednesday, March 21, 2012

Silver Stocks News Alert: SilverCrest (TSX.V:SVL) Reports 58m @ 164.7 gpt Ag Eq at La Joya

VANCOUVER, BC - March 21, 2012 (Investorideas.com Mining stocks newswire) Silver Investor News Alert: SilverCrest Mines Inc. (TSX-V: SVL OTCQX: STVZF) announce the results of the first six holes of 18 Phase II core holes (approx. 8,000 metres) completed to date at its La Joya Property in Durango, Mexico. Phase II contemplates a total of 80 holes (approx. 15,000 metres) and drilling to date has extended the Main Mineralized Trend (“Trend”) an additional 500 meters to the northwest from the current resource area (see attached figures). http://media3.marketwire.com/ docs/svl320_F1-2.pdf
The width of the Trend averages approximately 500 metres; narrowing to the northwest (approx. 300 metres) and widening to the southeast (approx. 800 metres) and has been traced along strike with drilling and surface sampling for approximately 2,500 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
Also Watch the BNN Interview with Scott Drever for more info
http://vod.bnn.ca/Video/632809
J. Scott Drever, President stated: "In January we announced an initial Inferred Resource on a portion of the Trend of 57.9 million tonnes grading 28 gpt Ag, 0.18 gpt au and 0.21% Cu and containing 101.9 million ounces Ag Equivalent*. A portion of the Phase II drilling is intended to explore the possible expansion of this resource estimate to the northwest as well as the southeast along the Trend and infill some of the wider spaced drill holes within the resource area. The remainder of the program will test three targets adjacent to the Trend which have been shown by historical drilling and sampling to host significant Ag, Cu, Au, W, and Mo mineralization".
The first 6 holes in Phase II and re-sampling (full) of one historic hole LB96-04R, have partially tested the northwestern extension of the Trend. Silver values range from 6.5 gpt to 153.5 gpt and on a silver equivalent* basis values range from 16.9 gpt to 354.0 gpt. True thicknesses and actual depth of mineralization from surface can be approximated from the attached cross section. Holes LJ DD11-28, 31 and 32 are considered outside the current defined Trend and not presented on Section A � A'. The most significant assay results are shown in the following table and have a weighted average grade of 75.9 gpt Ag Eq* and an average thickness of 22.7 metres.
Investorideas.com Newswire Investorideas.com Newswire
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
All sample analyses were completed by Inspectorate Exploration & Mining Services Ltd. in Durango, Mexico and Richmond, BC or ALS Chemex in Zacatecas and North Vancouver.
The underlying intrusive is exposed at the surface on the southern end of the Trend and from the recent drilling, appears to be increasing in depth at the northern end of the Trend. The best reported intercept in this series is from a verified historical drill hole (LB96-04R) and is thought to represent an extension of mineralized mantos that are drill-defined to the southeast. The Company has been given access to over 8,000 metres of historic core for validation including hole LB96-04. A portion of LB96-04 was previously independently validated and is presented in the "Resource Estimate for the La Joya Property, Durango, Mexico, NI 43-101 Technical Report" date February 20, 2012.
Core samples for holes L J DD12-33 to 42 are currently in the laboratory and assays will be reported upon receipt and compilation. Also, further assay results from splitting and sampling of historic core are being received and compiled. Several holes contain anomalous molybdenum (Mo) and tungsten (W) values over significant widths in skarn.
The Phase II 80 hole drill program is expected to test approximately 2.5 kilometres of the Trend that includes at least the 8 near-vertical structures/stockwork zones, 14 near-horizontally stacked mantos and a Contact Zone with the underlying intrusive. Based on the encouraging results to date, additional drills are being mobilized to accelerate this Phase II exploration program. Drilling on the southern extension of the Trend has started. Based on Company surface mapping, sampling and historic drill hole results, this area is thought to be potentially the highest grade area along the Trend.
The La Joya Deposit currently has an estimated resource of:
Investorideas.com Newswire
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
**Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.
*** Mineralization boundaries used in the interpretation of the geological model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and 30 gpt Ag Eq using the metal price ratios described above.
Please refer to the January 4, 2012 news release for further details of the Inferred Resource estimate and to the La Joya NI 43-101 Technical Report filed on www.Sedar.com
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, M�xico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Published at the Investorideas.com Mining Newswire
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Wednesday, March 14, 2012

Gold Stocks; Gold Bullion (TSX-V: GBB) announces additional positive drill data update

VANCOUVER - March 14, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce additional drill results from several holes located throughout the mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.
Hole GR-11-390 confirms extension of the mineralization at depth. This hole is the northern most hole drilled thus far from which data is available. High grade gold intersections continue to be discovered at depth on the northern extension from existing mineralization.
Results include 256.5 metres grading 0.44 g/t Au with three specific high grade zones: at 340 metres downhole with 10.5 metres grading 2.92 g/t Au, the second at 480 metres with 4.5 metres grading 4.52 g/t Au and a third at 532.5 metres with 9 metres grading 2.81 g/t Au. Frank Basa , Gold Bullion's CEO, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property.
Additional substantive drill data is included in a table format below.
57.15
Hole From (m) To(m) Length(m)Au g/t
GR-10-29 203.00321.00118.0 0.31
 including 268.50 321.0052.50.55
 including 316.50 321.004.53.78
GR-10-30 63.50 284.50221.0 0.30
 including 63.50134.2570.8 0.62
 including 126.75134.257.5 3.25
GR-10-66 33.00 153.00120.00.47
 including 33.00 78.00 45.00.70
 including 129.00 153.00 24.00.89
GR-10-89 4.50 18.0013.5 2.44
  100.50152.0051.5 0.29
 including 137.00152.00 15.00.77
GR-10-123 22.00140.50 118.50.31
 including116.00140.5024.5 0.99
 including 127.50 137.50 10.01.92
GR-10-162 18.40 40.65 22.3 0.30
  77.0019.9 0.38
GR-10-191 136.50 285.40148.90.19
 including136.50145.00 8.50.67
GR-11-202 3.00 13.8210.80.49
  56.5063.006.50.35
GR-11-204 2.4052.50 50.10.39
 including43.5052.50 9.0 1.80
GR-11-208 188.50 202.35 13.9 0.62
GR-11-264 27.50 85.50 58.0 0.29
 including27.50 33.506.0 1.37
 including78.00 85.50 7.50.60
GR-11-265 21.00 118.00 97.00.86
 including28.0045.00 17.01.39
 including78.00 109.00 31.0 1.65
GR-11-267 26.0056.0030.00.41
GR-11-277 18.50112.4594.0 0.42
 including 88.40112.0023.6 1.13
GR-11-278 36.50 111.00 74.5 0.55
 including 76.0090.10 14.1 1.79
GR-11-279 22.50218.00 195.50.26
 including193.50 209.00 15.51.37
GR-11-281 42.00231.50189.50.35
 including 130.90149.50 18.62.41
GR-11-283  232.00 299.50 67.50.24
GR-11-284  18.70 186.00167.3 0.68
 including51.50 95.50 44.0 0.37
 including 154.80 186.0031.2 2.85
GR-11-289  19.50 108.0088.5 0.32
 including 25.30 36.00 10.71.08
GR-11-290 15.50 136.50121.00.39
 including 15.50 72.00 56.50.74
GR-11-291 30.00 80.50 50.5 0.64
 including 30.0061.0031.0 0.97
GR-11-292 10.50134.00123.50.41
 including 96.50 134.00 37.5 0.53
GR-11-294 19.00 130.00 111.00.87
 including 73.50 109.50 36.0 2.42
GR-11-296 11.50 126.50 115.0 0.78
 including 11.5069.5058.0 1.40
GR-11-390 285.00 541.50 256.5 0.44
 including 285.00 350.5065.5 0.65
 including 340.00 350.50 10.5 2.92
 including 480.00 541.5061.50.86
 including 480.00 484.50 4.5 4.52
 including 532.50 541.509.0 2.81
Exactly 80%, (24 of the 30) drill holes intersected significant mineralization. The 6 holes that did not were omitted from the above table. Those omitted were holes, GR-10-168, GR-11-244, GR-11-245, GR-11-247, GR-11-249 & GR-11-273.
Holes 244, 245, 247 & 249 were exploration holes drilled outside the main mineralized zone, while hole 168 encountered directional challenges and did not therefore yield noteworthy results. The widths reported in the preceding table are drill widths as "true" widths are unknown at this time. All assays are uncut, length-weighted average values.
Core analysis from the above holes was undertaken by ALS Chemex Labs in Val d'Or, Quebec , and by the Accurassay Laboratory in Timmins, Ontario. Gold was assayed by fire assay with additional metallics analysis on samples where visible gold was apparent and identifiable. Quality control was further enhanced by inserting blind certified standard reference material and blanks into the sample stream at regular intervals. This control procedure was carried out by logging personnel to ensure the highest level of independent assessment and overall analytical accuracy.
Claude Duplessis , Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
Disclosure, Disclaimer/ Investorideas.com is paid by GBB to publish news and distribute content through Investordeas.com Newswire and its syndicated partners and blogs (five hundred per month)

Thursday, March 01, 2012

Gold Stocks; Gold Bullion (TSX-V: GBB) Announces new Drill Program at Granada

VANCOUVER - March 1, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce a new drill program on the Company's Flagship Granada property located along the Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.
The new drill program is intended to test structures and gold grades at depth on the north extension 2012 project.
The program comprises the drilling of 2 deep holes on the northern edge of the property and within these holes, a minimum of one wedge will be added in order to have 2 pierce points per hole, generating a total of 4 pierce points (2 cross sections with 2 intersections). The two deep holes will be followed up with a 3rd hole located between the two sections and the existing known drilled area, in order to confirm the extent of the panel. In addition, a wedge in the 3rd hole is also being considered.
Two drills from Landdrill International Ltd. are currently on the site with drilling to begin in short order. Based on current information, the mineralization trend is relatively East-West dipping North 50 to 70. The zones are cut by NNE faults therefore the program will put the holes due south, in order to avoid following one of these faults even with a possible deviation to the right. Holes should start in HQ down to a depth of 400 metres followed by NQ. In the event problems are encountered within NQ, the smaller diameter BQ will follow at depth.
The program details are as follows:
Hole 12-01 1660m at -78 due south
Hole 12-01a(w) wedge at 530m for 1050m due south aiming up at -70 or better
Hole 12-02 1450m at -75 due south
Hole 12-02a(w) wedge at 540m for 900m due south aiming up at -68 or better
Hole 12-03 1000m at -75 due south
Hole 12-03a(w) wedge at 500m for 500m due south aiming up at -70 or better
The total drill programme is estimated to be 6,560 meters.
A drill hole location map, (Google Earth map), as well as the cross sections with planned holes and wedges can be reviewed on the Gold Bullion web site at www.goldbulliondevelopmentcorp.com/ en/projects/hole-drilling.aspx
Claude Duplessis, Eng. is acting as qualified persons (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and have reviewed the technical contents of this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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