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No new assay results yet, but Gold Bullion Development Corporation (GBB, TSX-V) has just come out with news (about 8:15 am Pacific time) which makes some very powerful statements regarding the Granada Gold Property.  We’ll be analyzing today, and getting feedback from various sources for a major report by tomorrow morning, but there are several highly significant points in this news and at first glance here’s our take:

1.  Land position more than doubles.  GBB has picked up 2,812 additional hectares around Granada.  No mention, however, of where that new property is – north, south, east or west.  It seems they are keeping their cards close to their chest for competitive reasons which suggests a “staking” rush could be underway;

2.  GENIVAR, Gold Bullion’s geological consultant, has completed a preliminary resource block model for the LONG Bars Zone based on 26,000 metres of historical drilling at Granada, underground workings and three test open-pit bulk samples.  Data from GBB‘s 2,817 metres drill program will be integrated into this block model.  This is HUGE – things are much more advanced in terms of moving this project along than even we were aware of.  A block model allows for conceptual tonnage estimates.  This is going to get really interesting, folks;

3.  Exploration is being “fast-tracked” now at Granada;

4.  Gold Bullion’s objective is to complete a “very large Phase 3 drill program” (our emphasis) by year-end beginning this spring.  Very large, in our view, implies anywhere from 20,000 to maybe 60,000 metres of drilling.  Granada is going to be drilled like Swiss cheese;

5.  Preliminary NI-43-101 inferred resource estimate for Granada expected by year-end;

Wow.  The message that comes across from reading this is that these guys are SERIOUS.  Gold Bullion means business.

This morning’s news reinforces our view that Gold Bullion is on track for the next major gold discovery along the “Cadillac Trend”.