VANCOUVER, April 10, 2015 /CNW/ - Gold Bullion Development
Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold
Bullion") recently received a wood cutting permit and has begun
timbre removal and ground clearing for the first proposed open pit
in the Rolling Start to gold production at the Granada Gold Mine.
In addition, ground preparation for the construction of a sound
barrier south of the Mousseau Pit has also commenced as well as
work in the polishing pond area.
The historic waste rock dump to be used in building the barrier
was screened and sampled with the use of a third party CA in
program. This process commenced in 2010 as preliminary work for
sound barrier construction that will proceed when the area is
cleared and the CA has been received from the MDDELCC (Ministère du
Développement Durable, Environnement et Lutte Contre les
Changements Climatiques). The sound barrier will contain and reduce
noise from mining activity to shield the nearest neighbours
approximately 700 metres south of the initial pit. The rest of the
land between these neighbours and the pit is a dense boreal forest
that will also buffer noise and act as a natural dust filter.
The 480,000 tonne historic waste rock dump material was
processed and screened three years ago for valorization as part of
the Company's Voluntary Rehabilitation initiative. The third
party CA permit called for screening at 2.0 mm but was screened by
the Company at 20.0 mm to remove any potential contaminants.
This screening exceeded CA safety factor requirements by a
magnitude of 10.
Some of this screened material has since been used to stabilize
drill trails, minimize soil damage and to improve recreational
trails on the property. As part of the preparation for
production and in consideration of the changes to long-standing
trail permissions, the Company voluntarily moved the trails to
allow local long-term recreational users affected by the changes to
continue using Granada land for
leisure pursuits.
Sound studies completed in 2014 measured average noise levels at
three stations 700 to 900 metres from the proposed Mousseau Pit at
40db to 50db during the night and at 45db to 55db during the day
with no mining activity taking place. The first sound barrier
will be up to 5m tall but below tree height with additional sound
barriers to be constructed using re-purposed waste rock as the
Granada program advances.
In addition to reducing sound, future waste pile construction
will enhance the existing recreational uses. Ms. Dominique Maltais, Canadian Snow Board Olympian
from Quebec, has agreed to help
design a slope for use as a recreational sport-sliding center for
local residents as part of the ongoing commitment to the local
community.
The Company had been awaiting receipt of the CA prior to forming
a follow-up community based committee but is now proceeding with
this initiative. Individuals and institutions will be invited to
propose candidates and representatives for this follow-up committee
to be in place by May.
Frank J. Basa, Gold Bullion
President and CEO, emphasizes that the physical foot print of the
Rolling Start operation will be absorbing the existing historic
mine workings and open pits. As larger-scale production
unfolds in the future, the footprint will remain unaltered, with
the deepening of the pits followed by activity underground. Gold
Bullion is committed to maintaining as small a footprint as
possible while creating a multi-use area for local residents even
during gold production. The long-term aim is to ensure the
creation of a lasting multi-faceted recreational area for the
community.
The Company remains confident the last outstanding permit, the
Certificate of Authorization for mining operations, not yet granted
by the ("MDDELCC"), will soon be forthcoming and is anticipating
quickly moving forward once the last approval is obtained.
Qualified Person
Claude Duplessis, P. Eng. of
GoldMinds Geoservices Inc., consultant for Gold Bullion, has
reviewed and approved the contents of this news release as a
Qualified Person independent of Gold Bullion within the meaning of
NI-43-101 regulations.
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, and its high-grade
Castle Silver Mine in Gowganda,
Ontario. Additional information on the Company's properties
is available by visiting the 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.