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Gold Bullion Developement Corporation

1. [verwijderd] 23 juni 2010 08:01

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   GBB
   GOLD BULLION DEVELOPMENT CP
   Daily Commentary
   Our system posted a BUY CONFIRMED today. The previousSELL recommendation was issued on 06.18.2010 (4) days ago, when the stock price was 0.5800. Since then GBB has gained 6.90% .
   BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.5700 ) according to the Rules of Confirmation.
   The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.
   The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
   We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
   If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
   The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
   Data provided by: End of Day Data
   
   BUY
   CONFIRMED
   
   0.6200
   +0.0500
   +8.77%
   Candlestick Analysis
   
   Today’s Candlestick Patterns:
   White Opening Marubozu
   Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
   For more about this candlestick click here.
2. [verwijderd] 23 juni 2010 19:29

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   Thanks Golddigger ....
   
   Toen je deze thread begon stond GBB op ongeveer CAD 0,30 ... toen zag ik er nog niet zoveel in (heb dat toen ook gemeld), maar ben het daarna wel gaan volgen.
   Tegen de CAD 0,40 had ik er voldoende fiduci in om met bijna 8K (zo'n kleine 20.000 stukjes) in te stappen, maar voelde me er eigenlijk niet zo heel happy mee.
   Vandaag staat het CAD 0,70 and I'm happy ...;-)
   
   Wat is jouw verwachtte koersdoel (en dan niet meteen het hoogste noemen, maar wat jou redelijk lijkt) ...?
   
   groet, D.N.
3. [verwijderd] 23 juni 2010 20:31

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   mij rond de 30 cent en ietsje hoger gemiddeld ingekocht. 22000 stukkies in totaal en met de stand van vandaag over de 100 procent winst. op 70 cent 104 procent zelfs. en het is het begin nog maar. fijne avond en sweat dreams...
4. [verwijderd] 23 juni 2010 21:30

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   ALs je uitgaat van de 2 tot 2.5 miljoen ounces of gold die tegen 100$ gewaardeerd worden dan zou een MC van 200 tot 250 miljoen een plafond zijn, zeg 2$. (Ik weet niet exact hoeveel aandelen ze FD hebben)
   
   Maar dan houd je geen rekening met:
   - het gedeelte van de LONG BARS zone (LBZ) die niet is meegenomen in het block model, dat scheelt al zo'n 400 m strike length, een potentieel van ruim 50%;
   - uitbreiding buiten LBZ ten oosten en zuidwesten;
   - uitbreiding van aantal ounces op diepte, waar gradatie meestal toeneemt;
   - twee oude mijnen op 2 en 4 km, mocht de zone doorlopen richting deze mijnen dan is het potentieel enorm.
   
   Al met al kun je er nog geen prijs op plakken maar ik ga uit van blue sky potential en minimaal een verdubbeling van het aantal ounces. Dus ik mik iig op 4$ en hoger.
5. [verwijderd] 26 juni 2010 12:04

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   June 25, 2010
   The Week In Review And A Look Ahead – Part 2
   
   The BMR Portfolio
   
   Gold Bullion Development (GBB, TSX-V) enjoyed another banner week, jumping 23% to close at 70 cents…incredibly, this stock has increased 10-fold from when we introduced it to our BMR readers just 6 months ago…a 100,000 share investment at 7 cents for $7,000 last December in GBB would now be worth a whopping $70,000…our outlook for Gold Bullion and its Granada Gold Property remains very bullish…initial drill results from the 20,000 metre Phase 2 program are due out soon though it remains a guessing game in terms of exactly when…technically, GBB has shot up into overbought territory based on Stochastics and the RSI (into areas where it has modestly retreated from before), so a near-term “cleansing” of this condition is possible before the stock makes an attempt at higher levels…that’s not what some investors may wish to hear but at BMR we tell it like it is…it’s important to note, though, that any near-term pullback in GBB – if it happens – is not likely to be severe and will be met with plenty of support…the stock has stayed at or above its 10-day SMA (currently at 61 cents) the entire month of June…
6. [verwijderd] 6 juli 2010 11:19

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   Zo, zijn we even gekortwiekt. Een pullback zat er sowieso wel aan te komen, maar de combinatie met een flink dalende goudprijs afgelopen donderdag en een dip in het algemene sentiment gaf een extra zet naar beneden.
   
   Er is niets verenderd aan de vooruitzichten, ik ben nog steeds razend benieuwd naar de resultaten. Jammer dat die laboratoria verstopt zitten. Ze hebben bij mijn weten in ieder geval al 30 gaten geboord. We wachten rustig af.
   
   
7. [verwijderd] 9 juli 2010 18:13

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   Gold Bullion Development (GBB, TSX-V) is firmer this morning, ahead half a penny to 48.5 cents…down 30% from its high less than 2 weeks ago, NOW is clearly the time to be aggressive again with this stock just like when Osisko pulled back 30% from an 80 cent high in September, 2005…the LONG Bars Zone with its multi-million ounce potential has far too much going for it for Gold Bullion to remain at 50 cents much longer…based on the 100+ page 1994 Granada Eastern Extension report we obtained from the Quebec Ministry of Mines, we have every reason to believe Gold Bullion is going to make a series of significant discoveries east of the Preliminary Block Model in Phase 2 drilling and in additional drilling after that…we’ll be reporting more on Gold Bullion over the weekend with an updated chart and our thoughts regarding the potential magnitude of the LONG Bars Zone…Gold Bullion became technically overbought a couple of weeks ago at 70 cents but that overbought condition has now cleansed itself, paving the way for a fresh move to the upside…
8. [verwijderd] 9 juli 2010 18:23

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   Dear BMR eAlert Subscriber:
   
   After a move that took the stock from the low 30's to a high of 80 cents in September, 2005, Osisko (OSK, TSX-V) suffered a sharp 30% correction and fell to 55 cents. Those who jumped in on the dip (even those who paid 80 cents and showed some patience) made a fortune.
   
   The recent weakness in Gold Bullion Development (GBB, TSX-V) bears some similarities to the situation with Osisko in the late summer/early fall of 2005.
   
   As BMR readers know, we have followed the Gold Bullion story intensely since December of last year. Since June 25, GBB has dropped 30% (it closed yesterday at 48 cents) and we cannot emphasize enough the opportunity investors have been presented with this pullback that does not jive with the fundamentals.
   
   We have completed two Granada on-site visits since March. We have studied every document publicly available on this property including the 100+ page Granada Eastern Extension report we obtained from the Quebec Ministry of Mines. The LONG Bars Zone is massive with a potential strike length, in our view, of 5 or 6 kilometres. Granada is a different type of deposit than Osisko's 10 million ounce Canadian Malartic Deposit but it has every chance of potentially matching Canadian Malartic in terms of size.
   
   I'm expecting good Phase 2 drill results throughout the summer and I'll tell you why: Phase 1 was no fluke. Investors are forgetting about Gold Bullion's 30,000 tonne bulk sample in 2007 that graded 1.62 g/t Au. Such a large sample gives us the best indication of what the mined grade is going to be at Granada which will always exceed the drill core grade - that's the nature of this type of deposit. The gold is there, the grade is there, and the deposit could quite possibly develop into a massive super pit that stretches east for several kilometres. Within the Preliminary Block Model there is also great potential below 300 metres which was not taken into account in the 2.4 to 2.6 million ounce estimate (non-compliant) for that confined area.
   
   Bottom line: Take advantage of this GBB 30% off sale. That's how fortunes are made in the market. In a very short period this stock has gone from being technically overbought to technically oversold. We'll have more on Gold Bullion over the weekend at www.BullMarketRun.com.
   
   Regards,
   
   Jon
   Contributing Writer
   www.BullMarketRun.com
   
   p.s. I do hold a significant position in GBB and I'm putting my money where my mouth is by adding to that position this morning. The stock has very strong support at its rising 50-day moving average (48 cents).
   
   Disclaimer/Disclosure:
   
   BullMarketRun.com (BMR) is completely independent from any companies it covers. BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site. We accept no advertising either. Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks. We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time. Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.
   
9. [verwijderd] 10 juli 2010 21:35

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   July 9, 2010
   Special Alert: Gold Bullion Development
   
   Gold Bullion Development (GBB, TSX-V) has completed, in our view, a healthy and normal correction that took the stock from a high of 71 cents June 25, when it was clearly technically overbought as we had warned, to a low of 43.5 cents early this week. As of 10:15 am Pacific time, GBB is ahead 1.5 cents on the day at 49.5 cents. It has stayed above its opening price of 48 cents almost the entire trading session and has been as high as 50 cents. Technically, the stock is showing renewed signs of bullishness.
   
   Interestingly, the pullback in Gold Bullion was almost identical in magnitude to the sharp and quick correction experienced by Osisko (OSK, TSX) in September, 2005, after it ran from the low 30’s to an all-time high of 80 cents. Osisko retreated 30% to 55 cents and just three months later it was over $1.50.
   
   Like with Osisko, the drill bit will be the driving factor in GBB’s stock price as the summer wears on. Based on all of our due diligence, which has included two extensive on-site visits in addition to exhaustive research of current and historical publicly available information regarding the Granada Gold Property, we have every reason to believe significant new discoveries are on way in the LONG Bars Zone as Gold Bullion attempts to define a multi-million ounce open-pit deposit.
   
   We will have more on Gold Bullion over the weekend.
10. [verwijderd] 12 juli 2010 22:47

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    zou me niet verbazen als volgende week donderdag nabeurs de eerste boorresultaten van fase 2 naar buiten worden gebracht. op 50 cent uitgebodemd nu en de weg omhoog kan weer ingezet worden. ook zullen de congressen in the usa door oa frank basa het aandeel ook weer een zetje geven. fijne avond...
12. [verwijderd] 12 juli 2010 23:29

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    open pit deposit.
    
    en de mannen maar boren.
    waar zijn de boorresultaten?
    
    onzin belegging!
13. [verwijderd] 13 juli 2010 22:47

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    Hier dan, en nu niet meer zeuren Svartalfa!
    
    Gold Bullion nears halfway mark of Phase 2 drill program
    
    LONG BARS ZONE 2 IDENTIFIED
    VANCOUVER, July 13 /CNW/ -
    
    Mr. Frank J. Basa reports:
    
    Gold Bullion Development Corp. (TSX.V: GBB) (the "Company" or "Gold Bullion") is pleased to report that a 20,000 metre Phase 2 drill program at its 100% owned Granada Gold Property is proceeding ahead of schedule with a total of 9000 metres (47 holes) completed as of this morning. Granada, five kilometers south of Rouyn-Noranda, Quebec, is situated along the prolific "Cadillac Trend" where numerous multi-million ounce gold deposits have been discovered.
    
    While one Landdrill International Inc. rig is handling infill drilling at 30-metre spacing within the LONG Bars Zone Preliminary Block Model, the other drill rig is in the Phase 1 east-northeast discovery area in an effort to further define the extent of mineralization near surface and below 150 metres vertical depth in this part of the LONG Bars Zone. Drilling in this promising area has totaled nearly 4,000 metres (17 holes) so far and is consistently intersecting multiple zones of altered feldspar porphyry, favorable for gold mineralization, along with some quartz veining in all directions surrounding discovery hole GR-10-17. Visible gold has been observed in a few of the holes.
    
    Drilling is gradually pushing east of GR-10-17 as GENIVAR, Gold Bullion's geological consultant, continues to test a number of auriferous structures contained within a wide, east-west trending zone of shearing, alteration and quartz veining. In a significant development, GENIVAR has planned a deep hole (365 metres vertical depth) 176 metres east-southeast of GR-10-17. Drilling of this target, which would be the deepest hole drilled so far by Gold Bullion at Granada, is expected to commence within the next day or two and is designed to confirm an extension of altered zones that have been discovered in other Phase 2 holes 75 metres to the northwest and southwest, respectively.
    
    Gold Bullion's 4,900 hectare land package extends several kilometers east of GR-10-17 (the easternmost hole drilled in Phase 1) which includes an area the Company is now calling "LONG Bars Zone 2". Historically defined as part of the Granada "Eastern Extension", numerous gold showings in LONG Bars Zone 2 were reported as far back as the 1930's and in an exploration program conducted by KWG Resources in the early 1990's. GENIVAR continues to compile information on LONG Bars Zone 2 which is 1800 metres or 1.5 kilometres east of GR-10-17 and includes a 1 kilometre long shear zone. This area received considerable historical attention but was not viewed in the context of the new geological interpretation of Granada as a potential near-surface, bulk tonnage deposit amenable to open-pit mining.
    
    Several northeasterly fault zones cross the shear zone and are considered prime targets for possible economic gold concentrations. Numerous vein zones, hosted by both Granada Formation conglomerate and feldspar porphyry, have been delineated historically in LONG Bars Zone 2 through trenching with considerable visible gold noted. The auriferous veins reportedly widen with depth and occur in an east-west trending zone measuring at least 1200 metres in length and 200 meters in width.
    
    With similar geological characteristics to the original and current LONG Bars Zone, LONG Bars Zone 2 is a high priority exploration target for Gold Bullion and has the potential of significantly impacting both the scale and geometry of the overall mineralized system at Granada.
    
    "We're thrilled with the rapid progress we're making as we attempt to define an economic, bulk tonnage deposit at Granada, or a series of deposits, amenable to open-pit mining," stated Gold Bullion President and CEO Frank Basa. "LONG Bars Zone 2 adds a whole new dimension to Granada and we look forward to exploring this highly prospective area. Our Preliminary Block Model is very exciting and continues to hold considerable potential as exploratory, infill and definition drilling take place there, but the possibilities for Granada outside the Preliminary Block Model are really starting to come into focus. We're confident we're expanding the LONG Bars Zone strike length with encouraging Phase 2 indications around GR-10-17, and now we have a LONG Bars Zone 2 to give Granada further exploration upside. Combined with our 30,000 tonne bulk sample in 2007 that graded 1.62 g/t Au, we have complete confidence we're on the right track with this very large project," Basa concluded.
    
    With such extensive drilling which started in early May, Gold Bullion is using two assay labs. The Company is eagerly awaiting the first set of results, expected in the near future, but has been advised of delays at both labs due to normal processing backlogs with a large number of core samples from numerous companies being analyzed. Results will be reported as soon as they are available and reviewed.
    
    Mineralization in the LONG Bars Zone is open in all directions.
14. [verwijderd] 13 juli 2010 23:01

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    Gefeliciteerd, jullie zijn rijk :-)
15. [verwijderd] 14 juli 2010 11:26

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    July 13, 2010
    GBB Regains Bullish Momentum: BMR Technical Analyst
    BMR’s technical analyst made another perfect call on Gold Bullion Development (GBB, TSX-V) last Friday. In fact, his overall track record on this stock has truly been phenomenal. Tonight, John has provided us with an updated GBB chart and a very bullish new analysis (“a very serious move to the upside” is in the works):
    
    GBB is in a very strong technical position to make a serious move to the upside in the near future.
    
    John: Gold Bullion Development opened trading today at 52 cents, briefly went to 51 cents, then climbed to 57 cents before finishing up a nickel at 55 cents on volume of 1.8 million shares. The trading was of a controlled nature with no major spikes which provides stability for the stock. This was the third consecutive day of up volume, indicating the stock is sitting on a firm base.
    
    Looking at the 3-month daily chart, we see today that GBB broke out of the consolidation triangle (sloping blue lines) and traded as high 57 cents which is the Fibonacci 38.2% retracement level of the previous up move (i.e., from 35 cents to 71 cents). This is a level of resistance and the only major resistance level between the close and the all-time high of 71 cents.
    
    The support is firmly in place as we see the hammer reversal candlestick and the SMA(50) noted on the chart.
    
    The RSI(7) has broken above the 50% level – bullish.
    
    The volume today was nearly 3 times yesterday’s volume and confirms the strength of the breakout – very, very bullish.
    
    The Slow Stochastics %K (black line) has crossed up above the %D (red line) below the 30% level and is heading higher – very bullish.
    
    The ADX trend indicator has the +DI (green line) crossing above the -DI (red line), resuming the bullish orientation that existed prior to the recent decline and consolidation. The ADX trend strength (black line) has reversed its decline and is now ready to move up. The ADX line is at the 31 level, thus the trend strength has plenty of room to increase without the danger of topping out.
    
    Outlook: Gold Bullion Development is in a very strong technical position to make a serious move to the upside in the near future.
    
16. MrGlass 14 juli 2010 20:30

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    @The Golddigger
    Gaat echt goed. Dank u voor deze letterlijk gouden tip :-)
    De weg is up!
17. [verwijderd] 14 juli 2010 21:13

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    quote:

    Svartalfa schreef:

    open pit deposit.
    
    en de mannen maar boren.
    waar zijn de boorresultaten?
    
    onzin belegging!
    

    wat is uw trackrecord? wel gedocumenteerd graag? ;-)
18. [verwijderd] 14 juli 2010 21:48

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    quote:

    uberpatzer schreef:

    [quote=Svartalfa]
    open pit deposit.
    
    en de mannen maar boren.
    waar zijn de boorresultaten?
    
    onzin belegging!
    [/quote]
    
    wat is uw trackrecord? wel gedocumenteerd graag? ;-)
    

    Ik moet heel eerlijk zeggen dat ik zelf nog nooit een onzinfonds opgezet heb met als basis een uitgeputte goudmijn.
    
    Of bedoel je dat niet up
19. [verwijderd] 14 juli 2010 22:07

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    nee dat bedoelde ik niet
20. [verwijderd] 14 juli 2010 23:40

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    "never argue the ignorant"
    
    July 14, 2010
    A LONG Home Run On The Way At Granada?
    
    To use a baseball analogy, Gold Bullion Development (GBB, TSX-V) had a great day at the plate yesterday with a double high off the wall down the right field line and a triple into deep right centre field. A LONG home run could come very soon.
    
    Gold Bullion’s news release yesterday was highly significant. It showed a strong degree of confidence from the company in how the 20,000 metre Phase 2 drill program is progressing at the Granada Gold Property in northwestern Quebec. Its tone was bullish and aggressive, suggesting GBB is expecting good results. Smart and experienced junior resource investors who understand something about geology and can “read between the lines” gobbled up Gold Bullion stock all the way to 57 cents yesterday with GBB closing up a nickel on 1.8 million shares. The news didn’t come out until about an hour-and-a-half after the opening bell, so today’s volume – especially now that investors have had a chance to digest this important release – is likely going to be even higher.
    
    So what was so significant about Gold Bullion’s news release? The “triple” I referred to in the opening paragraph was GBB intersecting multiple zones of altered feldspar porphyry and some quartz veining throughout the Phase 1 east-northeast discovery area (plus some visible gold). This is big, as I’ll explain, and it takes Gold Bullion very close to home plate and in an excellent position to score.
    
    The “double” I referred to down the right field line is the identification of a second LONG Bars Zone (LONG Bars Zone 2) 1.5 kilometres to the east. This now gives Gold Bullion three distinct and highly prospective targets for exploration and development:
    
    1. The LONG Bars Zone east-northeast discovery area where we now know, based on yesterday’s news, that GR-10-17 was no fluke – Gold Bullion is hitting multiple favorable zones and mineralization could be widespread here;
    
    2. A promising new area 1800 metres east of GR-10-17 that Gold Bullion has chosen to call “LONG Bars Zone 2″;
    
    3. The LONG Bars Zone Preliminary Block Model which has a potential (non-compliant) resource of 2.4 to 2.6 million ounces of gold with the possibility of additional discoveries at depth.
    
    Let’s now examine each of the above three targets in further detail based on the new information investors have received from Gold Bullion:
    
    1. LONG Bars Zone East-Northeast Discovery Area
    
    Phase 2 drilling has so far totaled 4,000 metres (17 holes) in this area which historically has been under-explored with only limited drilling. GENIVAR is attempting to confirm the extent of mineralization in this area after all five shallow Phase 1 holes returned encouraging results, especially GR-10-17 which intersected 1.21 g/t Au over 65.5 metres. What is highly significant in our view is the second sentence in paragraph two of GBB’s release:
    
    “Drilling in this promising area…is consistently intersecting multiple zones of altered feldspar porphyry, favorable for gold mineralization, along with some quartz veining in all directions surrounding discovery hole GR-10-17. Visible gold has been observed in a few of the holes.” (emphasis is ours).
    
    GENIVAR and Gold Bullion must be elated with this – they are consistently intersecting multiple zones of altered feldspar porphyry in every direction surrounding GR-10-17. Altered feldspar porphyry doesn’t always contain gold mineralization but often it does. It’s exactly the type of rock or zone, in this geological setting, that Gold Bullion wants to hit. And the fact they are consistently finding these zones so quickly in Phase 2 drilling is hugely important and strongly suggests that at least some of the holes in this area could turn out to be exceptionally good. As always, though, nothing is certain until the assays are in. But things are looking very encouraging.
    
    In paragraph three, the news is equally interesting. Gold Bullion’s deepest hole yet (365 metres vertical depth) is about to be drilled (starting today or tomorrow) 176 metres east-southeast of GR-10-17. This target was chosen because of altered zones that were intersected in a hole 75 metres to the northwest of the planned deep hole, and in another hole 75 metres to the southwest. These three holes form a triangle with GR-10-17 nearly 180 metres to the west-northwest. If the deep hole hits significant mineralization, along with the other two, look out. Gold Bullion will light up like a Christmas tree as investors will begin to calculate some tonnage possibilities in this area with over 5,000 metres having been drilled (Phase 1 and Phase 2).
    
    It will be interesting as well to see what kind of grades Gold Bullion can pull from 150 to 350 or more vertical metres depth in this area as none of the Phase 1 holes, as far as we know, went deeper than 150 metres vertical. On the one hand, mineralization in the east-northeast area and throughout the LONG Bars Zone appears to be widespread, near surface and low grade (conservatively, 1 to 1.2 g/t Au) – perfect for an open-pit operation. On the other hand, the nature of the Cadillac Trend is for grade to improve with depth. So what we’re saying is, there could be some surprises below 150 metres which can still be mined as an open-pit (very deep down, of course, there could be underground potential if grades are high enough).
    
    It’s probably safe to assume based on the general thrust of the news release as well as the metres and number of holes drilled that GENIVAR has been “filling in the blanks” with its east-northeast drill plan so far. This means they’ve likely been drilling in a fairly concentrated area perhaps extending as much as 200 or 300 metres east of GR-10-17 and a few hundred metres south of the discovery hole. There’s not much room to the west before reaching the Preliminary Block Model (approximately 150 metres), and to the north they’ve obviously drilled some holes. Our best guess is that this drilled area now measures about 300 metres east-west and maybe as much as 400 metres north-south. There’s much more room, obviously, going east and that’s also where the strike of the rock will take the drilling. With at least 5,000 more metres left in Phase 2 for the east-northeast area, GENIVAR should be able to push out at least 200 more metres to the east which could make this area about the same size as the Preliminary Block Model which has a strike length of 600 metres.
    
    2. LONG Bars Zone 2
    
    Gold Bullion introduced a new and highly prospective geological target yesterday – LONG Bars Zone 2 which is 1800 metres east of GR-10-17 and features the 1 kilometre long Auk Shear Zone. GENIVAR continues to compile information on this area which, the news release states, “received considerable historical attention but was not viewed in the context of the new geological interpretation of Granada as a potential near-surface, bulk tonnage deposit amenable to open-pit mining…with similar geological characteristics to the original and current LONG Bars Zone, LONG Bars Zone 2 is a high priority exploration target for Gold Bullion and has the potential of significantly impacting both the scale and geometry of the overall mineralized system at Granada.“
    
    Early last month BMR obtained a lengthy report from the Quebec Ministry of Mines (“Geology, Structure and Gold Mineralization, Granada Extension Property, 1994″) whic
21. [verwijderd] 22 juli 2010 19:48

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    dacht zal het draadje weer eens naar boven halen. grote kans dat er volgende week boorresultaten bekend gemaakt worden...