Gold Explorers / Gold for Everyone has published a new article and drill map for Gold Bullion Development Corporation (GBB.V). You can click on the drill map and zoom in to take a better look. The color of the circles represent total grade of that drill hole while the size of the circle represent the total depth of that particular drill hole. X's mark drilled holes that we are waiting for assay results on.

Update on drilling and results at Granada for Gold Bullion, 7th of January 2011

UPDATE ON DRILLING AND RESULTS AT GRANADA FOR GOLD BULLION, 7th OF JANUARY

GBB drill map

After this long and much well needed holiday over Christmas and New Years Eve and a two week stop at the drill rigs at Granada, things is getting greasy and oily again from yesterday. The two drill rigs are up and running 24/7 again and are progressing fine. More drill cores to the labs, but no analyzes yet to be received though.

I hope I will get the opportunity to ask some questions to some of the workers at place at Granada property, how hard work drilling could be at Granada in the winter any day now. But it must be very interesting and one must be very curious to get to see what is going on at Granada at the moment!

With the phase 3 drill program totaling 50,000 meters, with the drill rigs working 24/7, they should be half way sometime in February. No borders seems to be found on this monster ore body, so the next step for Basa and crew is to commence a 100,000 meter drill program as mentioned in the interview with Stanley at Smartstox the 16th of December 2010. In the interview some more interesting things are mentioned, for example:

1. They drilled to 300 meters to test for structure, but the structure went beyond that also. They now drill to 450 m! As many of you now, this is going to influence the total volume of ore greatly as the calculations only take depths down to 70 meters in consideration.
2. With 9 MCAD on the bank right now and with approximately 30 percent back for every dollar put into exploration, Gold Bullion is well funded! With warrants, this should be approximately 14 MCAD. This should be enough to drill approximately another 80,000-100,000 meters or so.
3. Six kilometers of strike length is possible, we have now drilled about 1 kilometer and the width is opening and the depth is even greater…
4. I like this quote “We do not know how large this thing is…”

And with a fresh new start on the New Year of 2011 and everything back to normal again, a steady flow of results is much needed but patience is the last thing that should leave the average Gold Bullion stock owner apparently…