Gold Bullion Development (GBB, TSX-V) jumped a nickel today on nearly 1.8 million shares after the company issued an update on drilling progress at its Granada Gold Property.

We have spent most of the day reviewing this highly significant release and pouring through historical technical reports as well as all of our notes regarding Granada since late last year. Today’s Gold Bullion release warrants a BMR special report which we will be posting at 6 am Pacific time tomorrow morning, prior to the market open. In addition, BMR’s technical analyst will be taking a detailed look at the GBB chart which has turned quite bullish.

The LONG Bars Zone is shaping up exactly as we have been predicting at BMR – Granada’s potential as a multi-million ounce open-pit deposit can be seen more clearly than ever after today’s news.