From Rouyn-Noranda, Quebec:
Gold Bullion Development (GBB, TSX-V) is on a mission – drill, drill, drill, and drill some more. The Granada Gold Property, just five kilometres south of Rouyn-Noranda, Quebec, is a hub of activity at the moment with two drill rigs going 24/7 and a team of geologists, technicians and other personnel working long hours but showing a sense of urgency and excitement as Gold Bullion attempts to prove up another “Cadillac Trend” multi-million ounce gold deposit.
My first day at Granada and the LONG Bars Zone yesterday was an eye-opener and further confirmation that what’s unfolding here is highly significant with immense blue sky potential. The local newspaper has finally caught on to the story (a reporter is visiting the property tomorrow) and the economic impact a potential large open-pit mine could have on the community – this is northwestern Quebec where mining is part of the cultural fabric, accepted and embraced by a wide segment of the population. Some newsletter writers and mining analysts are chomping at the bit to get here and they will, so coverage of one of the best exploration plays in the country right now is about to expand significantly beyond BMR and the Coffin Brothers.
We’ve all heard of the expression, “Go west, young man. Go west.” Around the Granada Gold Property what you hear is, “Go east and keep going east.” Mineralization is open in all directions at Granada but geologists can’t wait to get beyond Discovery Hole GR-10-17, the easternmost hole drilled to date by Gold Bullion, and that time is coming soon. “We’ll go east and continue going east,” GENIVAR’s Nathan Jourdain told me yesterday. In keeping with BMR’s daring and adventurous spirit, I asked Nathan if he’d consider taking me as far east as possible at Granada in an ATV to check things out. He agreed, so that’s on the agenda for later today or tomorrow. There’s gold out there but also bears so please keep us in your prayers!
Based on historical reports and the evidence from Phase 1 drill results, the strike length of this deposit going east is likely several kilometres. It doesn’t take a rocket scientist to figure out how this deposit could double, triple or even quadruple in size from the current estimate (non-43-101 compliant) of 2.4 to 2.6 million ounces when that estimate excludes the east-northeast extension and also anything below a depth of 300 metres within the Preliminary Block Model.
Will continued aggressive drilling (and a little bit of good luck) ultimately “Super Size” the LONG Bars Zone? We believe it will which is why it’s so important, in our view, to be thinking LONG and staying LONG with Gold Bullion.
Below are just a few of the many pictures we took yesterday from the LONG Bars Zone:
This is one of two pump shacks (at Pit #2 East) currently on the Granada Property, delivering water to drill rig #1. Each pump shack has a 1,500 metre hose.
GENIVAR's Nathan Jourdain standing at GR-10-28, one of six holes drilled from just north of the waste pile. The strategy behind this hole and the other five was to intersect the No. 1 Vein at depth.
This picture overlooks the northern edge of the waste pile where Phase 2 drilling started in an attempt to intersect the north-dipping Preliminary Block Model structure at depth.
