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Gold Bullion discovers high-grade mineralized zone at Granada project

Gold Bullion Development Corp. said Sept. 28 that it discovered a new high-grade mineralized zone at its Granada gold project in Quebec.

The new zone, which covers 125 meters in strike length, is expected to be included in the mine plan as mentioned in the 2014 pre-feasibility study. A five-tonne mini bulk sample taken from the zone also averaged 4.37 g/t of gold, according to the statement.

Preparatory stripping, meanwhile, exposed an extension of a mineralized vein leading up to a planned waste site to the northeast of the pits. The extension will be targeted for diamond drilling.

Gold Bullion earlier in the month began a stage-two diamond drilling program at the property, which aims to expand gold resources near surface. The program will focus on several high-grade targets in the unexplored part of Granada and is expected to continue for two to three years.