Gold Bullion Development Corp has intersected new mineralized structures at its 100% owned Granada Gold property throughout the LONG Bars Zone in both the Preliminary Block Model area and the Eastern Extension in Quebec.

The intersection has come from the phase two drilling and nearly 11,000m of phase three drilling.

Gold Bullion is exploring Granada, located 5km south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific Cadillac Trend where numerous multi-million ounce deposits have been discovered and developed.

Meanwhile, the company also said that a 6,000m phase one drilling program will begin by early next month at its Castle Silver Mine Property near Gowganda in northeastern Ontario.

The Castle Silver Mine, an historical producer of silver and cobalt, is within a basin shaped Nipissing diabase intrusive nearly 300m thick.

Native silver mineralization is associated with vertical cobalt-nickel arsenide veins.

The historical production at the Castle Silver Mine was taken from the upper half of the Nipissing diabase.