VANCOUVER, Nov. 9, 2011 /CNW/ -
Frank Basa reports:
Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) ("Gold
Bullion") is pleased to announce it has retained the services of SGS
Canada Inc. - Geostat ("SGS") as an independent consultant to provide
technical assistance on its Granada Property, located along the
Cadillac trend in Northwestern Quebec, 5 km south of the city of
Rouyn-Noranda. Gold Bullion has decided to replace GENIVAR by SGS as
SGS will prepare a compliant NI 43-101 resource estimate followed by the
preparation of Preliminary Economic Assessment (PEA). The report is
expected to be disclosed in the first quarter of 2012.
The SGS Group is the global leader and innovator in inspection,
verification, testing and certification services. Founded in 1878, SGS
is recognised as the global benchmark in quality and integrity. With
more than 67,000 employees, SGS operates a network of over 1,250
offices and laboratories around the world.
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, and its Castle Silver Mine
in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC
PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.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: 1-416-625-2342
Roger Thomas, Director: 1-613-292-2438
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email firstname.lastname@example.org