Gold Bullion Announces Correction of Historical Data Disclosure
Suite 1005, 1155 Rene Levesque Street West Montreal, Quebec H3B 2J2 Tel: 514-397-4000 / Fax: 514-397-4002
GOLD BULLION ANNOUNCES CORRECTION OF HISTORICAL DATA DISCLOSURE
March 1, 2012
Frank Basa, President and CEO of Gold Bullion Development Corp. reports:
Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is making the following correction related to the Press Release dated November 16th 2011 concerning historic hole 90-01. A transcription and conversion error from the historical log and analysis results has been found by the new Geological Consultants, SGS, as they were conducting routine work in preparation for the upcoming deep hole program or Northern extension 2012 program.
The position of the historical high grade zone previously disclosed did not match in elevation with the SGS Geostat’s development mineralization model. The President sincerely presents his apologies for this error. While it did occur under his scope of responsibilities, admittedly it is part of the legacy of the previous service provider. The correct numbers are included below as well as the previously disclosed data as per the November 16th, 2011 release.
Previously disclosed:
Significant intervals include:
- 304.36m grading 1.12 g/t Au between 387.90 and 692.26m including 23.55m grading 5.46 g/t Au between 387.90 and 411.45m and
•
- 286.99m grading 0.76 g/t Au between 433.91 and 720.90m including
- 1.14m grading 66.86 g/t Au between 538.96 and 540.10m
Corrected:
Significant intervals include:
- 304.36m grading 0.779 g/t Au between 387.90 and 692.26m including
- 23.55m grading 0.562 g/t Au between 387.90 and 411.45m and
- 286.99m grading 0.794 g/t Au between 433.91 and 720.90m including
- 1.14m grading 66.72 g/t Au between 538.96 and 540.10m
Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
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.
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 or Progressive Investor Relations (Canada) at (604) 689-2881 or via email: [email protected]
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. Forwardlooking 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.