Well, here we are folks – very close to what we believe will be another defining moment in the history of Gold Bullion Development (GBB, TSX-V).
As everyone knows, we’ve been extremely bullish on the Granada Gold Property since we first started taking a look at it late last year. We spent three days in the LONG Bars Zone last month. BullMarketRun has been the authority on this play from the outset, and we are as confident as ever this morning that Granada is once again going to deliver BIG for Gold Bullion which we first uncovered at just 7 cents last December.
The Coffin brothers – respected throughout the resource industry – picked up on this story last month, and we’re now hearing reports of other analysts who are about to endorse Gold Bullion as well. We’re convinced the LONG Bars Zone Preliminary Block Model produced by GENIVAR – one of the top geological firms in the business – is going to demonstrate very clearly that Granada is on its way to becoming the next major gold discovery along the prolific Cadillac Trend.
A week ago last Monday afternoon, Gold Bullion President/CEO Frank Basa told us in an interview that he expected to release the LONG Bars Zone Preliminary Block Model and an exploration update on the Granada Gold Property within 7 to 10 days. Ten full days from last Monday afternoon is officially up later today. Of course we could be wrong and we have no way of knowing for sure, but our gut feeling is that today is the day – the March 1 news came out after the close, so that’s our guess for today.
Granada is for real. The LONG Bars Zone is already large and potentially could be huge. Mineralization is near-surface and open in all directions. Nearly 500 historical holes were drilled. The potential economics are robust – this has all the makings of a low-cost producer. Gold Bullion controls nearly 5,000 hectares, a vast majority of which has yet to even be explored. A 30,000 tonne bulk sample has already been done and delivered a grade of 1.62 g/t Au. All the necessary infrastructure surrounds the property which is in the best mining jurisdiction in the world – Quebec. A major new drill program is about to start. This has large bulk tonnage and open-pit written all over it. Our question is, how can this possibly not succeed?
Granada is an exciting and compelling exploration story with a dirt-cheap current market cap of $36 million given our assumption that this is going to turn out to be a 5 million+ ounce deposit.
Genuine opportunities like this don’t come along every day. We’re excited for shareholders and we’re excited for Gold Bullion and Frank Basa. This is an important part of what Canada is all about – risk-taking, entrepreneurial junior mining companies making significant resource discoveries with millionaires made in the process.
