VANCOUVER, Feb. 4, 2013 /CNW/ - Gold Bullion Development Corp. (TSXV:
GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to
provide an independent NI-43-101 Technical Report prepared in
accordance with "National Instrument 43-101 - Standards of Disclosure
for Mineral Projects" (NI 43-101), on its Granada Gold Property,
located along the prolific Cadillac trend in North-western Quebec, 5 km
south of the city of Rouyn-Noranda.
The Technical Report, titled "Preliminary Economic Assessment (PEA)
Granada Gold Project, Rouyn-Noranda, Abitibi, QC", dated February 4,
2013 carries an effective date of December 21, 2012. This report was
prepared by SGS Canada Inc. and authored by Claude Duplessis, P.Eng.,
Gaston Gagnon, P.Eng., Jonathan Gagné, P.Eng. and Gilbert Rousseau,
P.Eng., all Qualified Persons as defined by NI 43-101. The Technical
Report is available on-line under the Company's profile on the Canadian
System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the Company's website at www.goldbulliondevelopmentcorp.com.
Gold Bullion has given a mandate to SGS Canada Inc. to prepare a
Preliminary Feasibility Study (PFS) for a Rolling Start in accordance with the following objectives; to provide grade validation
for processing around 475 tonnes per day for a three year period, to
begin pouring gold at the earliest opportunity and to prepare the site
for a below the horizon mill with a zero discharge configuration. The
PFS is also to include specific recommendations demonstrating that Gold
Bullion is a good corporate citizen to ensure continued strengthening
of positive relations in the surrounding community.
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. Additional information on
the Company's Granada gold property is available by visiting their
website at www.GoldBullionDevelopmentCorp.com and on SEDAR.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.
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000