VANCOUVER, Sept. 12, 2012 /CNW/ - Gold Bullion Development Corp. (TSXV:
GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to
announce it has awarded a contract of professional services to SGS
Canada Inc., Geostat Mineral's service group under direction of Claude
Duplessis, P. Eng. and qualified person, for the completion of a
preliminary feasibility study by the end of 2012 in order to fast track
the development of the Granada Property. The Company has requested the
preparation of a short term scenario for custom milling while it
continues to develop the long term plan with an on-site mill.
As of today, backlog is now completed and the remaining core and new
core drilled have been split and sent to Accurassay Laboratories for
gold fire assay.
The latest available assay results are being compiled and interpreted
and will be provided and publicly disclosed in the coming weeks.
Frank Basa, Gold Bullion's CEO, is very pleased to move forward toward
production of gold from the Granada property.
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, Québec. 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.
SOURCE: Gold Bullion Development Corp.
For further information:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000