Gold Bullion Development (GBB, TSX-V)

Gold Bullion revealed on its web site last week that a 50,000 metre Phase 3 drill program is now underway at the Granada Gold Property and “the company looks forward to providing a detailed update in the near future as this large project continues to advance”…based on that encouraging news and statement, and the fact there hasn’t been an exploration update on Granada since mid-September, it’s almost certain we’ve witnessed the lull before the storm and investors could get hit with a barrage of results and information this month and over the final 8 weeks of the year…some impatient and faithless GBB investors who also didn’t do their homework may have jumped ship in recent weeks, thinking this was a hyped-up story and Hole #17 was a 1-shot wonder in the Eastern Extension…at BMR we’re as bullish as ever on the LONG Bars Zone which we’re convinced is shaping up to be northwestern Quebec’s next major open-pit Gold deposit…after 3 site visits and exhaustive research, in addition to very encouraging and detailed information in GBB’s news releases over the summer regarding visuals of core from numerous holes, we’re extremely confident in stating that the best is yet to come from Granada…yes, we’re more than happy to continue to put our reputation on the line with this property because we believe in it wholeheartedly and the geological evidence is so powerful for the potential of a multi-million ounce near-surface deposit…Gold Bullion has an immense amount of work ahead of it – 200,000 or more metres of drilling is not inconceivable given the size of the LONG Bars Zone (including LONG Bars Zone 2) – but Frank Basa and GENIVAR are up to it…Gold Bullion is thinking ahead, thinking confidently and thinking big, as evidenced by the fact the company launched a Baseline Environmental Study in September…GBB had a quiet week, down 4 cents to finish at 59 cents which represents a 743% gain since we first introduced the company to BMR readers last December