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Gold Bullion Announces a Deep-Hole Drill Program Targeting a Significant Resource Expansion in the Northern Part of the Granada Gold Property
Gold Bullion Announces a Deep-Hole Drill Program Targeting a Significant Resource Expansio...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"\n\n\n\nGold Bullion Announces a Deep-Hole Drill Program Targeting a Significant Resource Expansion in the Northern Part of the Granada Gold Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGold Bullion Announces a Deep-Hole Drill Program Targeting a Significant Resource Expansion in the Northern Part of the Granada Gold Property\nCanada NewsWire\nROUYN-NORANDA, QC, Dec. 2, 2016\n\n\n\nROUYN-NORANDA, QC, Dec. 2, 2016 /CNW/ - Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (Frankfurt B6D) (the \"Company\" or \"Gold Bullion\") today announced that it has commenced an 8,000-metre deep-hole diamond drilling program targeting a significant expansion of mineral resources in the northern part of the Granada gold property. \n\nThe first two drill holes of this program will test the Granada vein system north of the existing pits at a depth of up to 1,200 metres downhole length (approximately 850 metres vertical depth). Drilling will be in areas that had not been previously included in reported mineral resources. \n\nThe deep-hole drilling will be in the sector of three previously reported drilled holes which had indicated gold intercepts as follows (all downhole lengths): \n\n\nDUP12-02 intersected 9.13 g/t over 1.5 m at 992.5m \nDUP12-03W2 intersected 8.13 g/t over 1.0m at 661.5m \nGR-11-241 intersected 3.31 over 3m at 283m.\n\nThe planned two drill holes of the program that started this week will be 275m east of DUP12-03AW2, 200m south of DUP-12-02, and 215m north of GR-11-241. \n\nOther holes have been scheduled to similarly fill the gap in resource knowledge at depth in other areas to the north of the existing pits, with a minimum of two holes per set-up. The drilling is expected to take three months.\n\nGold Bullion carried out extensive drilling at Granada, including two deep holes, between 2009 and 2012 to establish a mineral resource for the deposit. The company then paused drilling to complete a preliminary feasibility study and permitting work for the initial mining phase known as the \"Rolling Start\".\n\nIn September 2016, Gold Bullion resume...