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From Rouyn-Noranda, Quebec, 10:50 am EST 03/16/10

We are in a rush to head back to the Granada Gold Property, so our regular BMR Morning Musings is somewhat abbreviated today…gold is up strongly this morning, currently ahead $16 to $1,125 while the CDNX is up 11 points to 1,572…Seafield Resources (SFF, TSX-V) came out with more details on its Colombian gold property acquisitions yesterday near the close…we’ll be going into more detail on that news tomorrow, but for now we want to get the point across that the Seafield release does not do justice to the Dos Quebradas Property which is far more significant than it may immediately appear…for now readers can go back to some of our reports from November of last year when we first broke the story on Dos Quebradas…Seafield, remarkably, is trading at just 26.5 cents this morning…Gold Bullion Development (GBB, TSX-V) is unchanged on the day at 23 cents while Kent Exploration (KEX, TSX-V) is down a penny to 19 cents…

From Rouyn-Noranda, Quebec, 11:30 pm EST 03/15/10

The first of our three days here has been an eye-opener to say the least, not to mention exhaustive.  We have one picture from Granada to share with you tonight and much more Tuesday and throughout the week, including a very interesting interview with Gold Bullion President/CEO Frank Basa which we recorded this afternoon at the LONG Bars Zone (we’ll be uploading this in a separate article Tuesday).  It was rather fitting that we arrived here under beautiful blue skies, underscoring the “blue sky” potential Granada clearly offers as a possible major bulk tonnage, open-pit deposit with near surface mineralization.

Below is a picture of Basa standing at hole #21 (GR-10-21) on the west side of the property (assay results are still pending on this hole along with 12 others).  We have many pictures to still sort through and take, and we’ll be back at the property again Tuesday afternoon and Wednesday morning.

We can clearly sense Basa’s enthusiasm and his belief that his geological team is beginning to crack the Granada “code” – these are still the very early stages, but the drilling for “structure” in December and January not only gave Gold Bullion some exciting discovery holes (17 and 12 in particular) but also an improved overall understanding of the dynamics of this growing mineralized system.  Mines are made, not found.  Recent assay results alone confirm that Gold Bullion has something potentially very big to go after at Granada, and they are going to relentlessly pursue it very soon with a massive new drill program.   Basa is determined to drill and keep on drilling until he makes Granada a world class bulk tonnage, open-pit deposit.

It’s one thing to see the prolific “Cadillac Trend” on a map.  It’s quite another to actually drive along that corridor as we did today and see mine after mine and exploration project after exploration project.  This area is a mining paradise with communities nestled right in.  Granada has something huge going for it – location, location, location, right along a proven trend with excellent nearby infrastructure.

The biggest of the bunch, of course, is the one pictured right below – Osisko’s (OSK, TSX) Canadian Malartic Deposit, just 65 kilometres east of Gold Bullion’s Granada Property.

Visit us throughout the week for more reports on what we believe is the next major “Cadillac Trend” discovery – Gold Bullion’s Granada Gold Property.

From Rouyn-Noranda, Quebec, 6:00 pm eastern 03/15/10

Our first day here in Rouyn-Noranda has been extremely busy and productive, hence we were not able to file a report a little earlier in the day as we had hoped.  We will be posting our first report late this evening (eastern time).

The weather has been incredible today with spectacular blue skies, rather fitting we thought as we visited the Granada Gold Property and considered its “blue sky” potential.

We are convinced more than ever that the best is yet to come from Granada, that indeed Gold Bullion Development Corporation (GBB, TSX-V) is on track for a potentially huge near surface bulk tonnage, open-pit deposit.

More later.

BullMarketRun will go to any lengths to bring its readers a great story, which is why we’re traveling across the country overnight via Air Canada to northwestern Quebec where Gold Bullion Development Corporation (GBB, TSX-V)  has caught investors’ attention with some stellar results from its Granada Gold Property near Rouyn-Noranda.  Gold Bullion President/CEO Frank Basa will be picking us up at the Rouyn Airport at 10:30 Monday morning and taking us directly to the Granada Property which just recently doubled in size to nearly 5,000 hectares.  We’ll be exploring in detail this week the geological reasons Granada has such great potential as a major bulk tonnage, open-pit deposit.  This exciting discovery story is only just begining, in our view, as we expect to confirm this week.  We’re hoping to file our first report by approximately 3:00 pm eastern time Monday.

CDNX

The Venture Exchange continues to work its way higher, posting a 10-point gain this past week to 1,568 on strong volume.  This leaves the CDNX just 60 points shy of its 52-week high of 1,629 January 11.  The Index is also now up 9.7% since February 5 when it corrected to a 2010 low of 1,429.  It seems reasonable to suggest that the CDNX will at least attempt to break out to a new 52-week high by the end of this month, so more immediate upside is likely.  At this time, though, we’d be inclined to sell into a move past 1,600 toward 1,629, lock in profits, and wait for a pullback.  The first attempt at a new high can often fall short with the market then consolidating before the advance resumes.  Ultimately, we see the Venture reaching at least 1,950 this year and possibly even 2,350 before a major correction sets in.  The strength of the CDNX this past week was especially encouraging given the weakness in gold.  The CDNX is the most reliable leading indicator we’ve come across in terms of telling us where gold and commodities in general are headed, short term and long term.  The signal we’ve been getting the last few months from the CDNX is very bullish in this regard.

Gold had a volatile week and closed Friday at $1,101.50, just above key support.  That’s also gold’s rising 30-day moving average, so $1,100 is clearly an important level and there’s every reason to assume gold will hold at or above that mark for both technical and fundamental reasons.

The BullMarketRun Portfolio

Gold Bullion Development (GBB, TSX-V)

It was another exciting week for Gold Bullion Development which hit a new three-year high of 27.5 cents last Monday…since then it has cooled off slightly and closed Friday at 24 cents, up half a penny for the week on heavy volume of 11.6 million shares…as already mentioned in our postings on Friday, BullMarketRun is flying to Rouyn-Noranda Monday morning for a Granada Gold Property site visit…we’ll be sending back reports throughout the week…it’s our belief Gold Bullion is potentially sitting on a massive bulk tonnage, open-pit deposit near surface…on Thursday, the company announced it has more than doubled its Granada landholdings to nearly 5,000 hectares, 70 times what it originally started with at Granada in 2006…there were other even more important statements in that release including the fact that GENIVAR, Gold Bullion’s geological consultant, has completed a preliminary block resource model for Granada based on 26,000 metres of historical drilling…data from Gold Bullion’s recently completed 3,000 metre program will be integrated into that block model…the fundamental factors driving this stock are powerful indeed…a major discovery seems imminent with a “very large” drill program expected to commence sometime this spring at Granada…clearly, this is a stock to accumulate on any weakness…

Seafield Resources (SFF, TSX-V)

Seafield had a disappointing week, down half a penny to 28 cents after announcing near the end of the market close March 5 that it has concluded its Colombian gold property deals with privately held Caribbean Copper and Gold Corporation…the major participants in this market, including the likes of M Partners, CIBC and Octagon, are holding strong, however, and M Partners was on the bid for 500,000 shares at 26 cents Friday…we believe it’s only a matter of time before the ball gets rolling in a huge way with Seafield…the weakness we’ve seen this month so far is likely the result of some selling of the 12.5 cent private placement stock from last October, and the exercising of 16 cent warrants – something we warned about near the end of February…this should likely soon run its course…

Kent Exploration (KEX, TSX-V)

Volume has picked up considerably on this stock over the past couple of weeks…Kent closed at 19 cents Friday, unchanged on the week…the company has started drilling its Gnaweeda Gold Project in Australia, a joint venture with Teck, and Kent also announced after the close on Friday that the proposed Archean Star Resources spin-off will be voted on by shareholders April 30…Kent shareholders will receive approximately one share in Archean Star for every four Kent shares held…that’s a nice little “dividend”, and what’s also interesting is that the proposed financing for Archean Star is at 25 cents…this and other factors (drilling at Gnaweeda and Alexander River in the near future, as well as expected barite production out of Flagstaff) provide the ingredients for a potentially major move in the Kent share price…this is a very well-run company with a portfolio of high quality projects…we’re expecting big things out of Kent and we’re confident it will deliver…

Greencastle Resources (VGN, TSX-V)

Greencastle is in oversold “quiet mode” again…the stock was unchanged on the week at 16 cents on light volume…trading just above its cash value, Greencastle is an extremely attractive long-term investment…we’re still waiting for additional news with regard to a couple of wells in the Cabri-Boggy Lake area of southwestern Saskatchewan that Greencastle drilled and cased in January…

Richfield Ventures (RVC, TSX-V)

Richfield keeps charging ahead and closed Friday at $1.87, a 17-cent increase for the week…investors are clearly in accumulation mode, as we had predicted, in advance of a 25,000 metre drill program that will commence next month at the company’s very promising Blackwater Project in the Interior of British Columbia…Blackwater has great potential as a world class bulk tonnage deposit…technically, the stock is significantly overbought (based on Stochastics and RSI) and in need of a pullback…there is major resistance just below $2.00 and very strong support around $1.50 near the 20-day moving average…for those interested in acquiring Richfield for the first time, we recommend waiting for a pullback to at least $1.60…

Colombian Mines Corporation (CMJ, TSX-V)

Colombian Mines is mobilizing a second drill to its Yarmualito Property in Colombia which is the kind of news the market always likes to hear…CMJ, which is in the midst of completing a private placement at 95 cents, ran as high as $1.42 last week before closing Friday at $1.15…that was a 9-cent improvement from the previous week…with a large package of high quality Colombian properties, and a very bullish stock chart, CMJ has very significant blue sky potential and a lot of legs to go much higher…

Welcome to our site, or at least a sneak preview of it! The final version will look much different than this as we develop a fully-integrated and very unique business, investment and money-management resource site.

An important component of this site is going to be original research on small and undiscovered junior resource companies that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity. Management is the first thing we look at – it’s our #1 criteria – because without superb or solid management, a company with the best properties in the world is either going to underperform or flat-out fail. As simple as that. So we look for superior management guided by strong business ethics and integrity, followed by an outstanding portfolio of projects.

Disclaimer:

BullMarketRun.com is completely independent from any companies we cover. We accept no compensation of any kind from any groups, individuals or corporations mentioned on our site. Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks. We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BullMarketRun.com writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.

Markets are generally positive across the board so far this morning through the first hour and 15 minutes of trading…the CDNX is at 1,567, up 6 points while the TSX and the Dow are up slightly as of 7:45 am Pacific time…gold ran as high as $1,120 overnight but has pulled back and is now even on the day at $1,110…Gold Bullion Development (GBB, TSX-V) has stayed in a tight range between 24 and 25 cents this morning…BullMarketRun announced earlier this morning that we’re heading to Rouyn-Noranda Sunday evening for a Granada Gold Property site visit beginning Monday morning…yesterday’s news from Gold Bullion underscored how serious they are about moving this project forward and how confident they are about its potential…we’ll learn much more next week with our visit and we’ll be posting several reports here on the site…there were five highly significant points in yesterday’s news release, the most important of which we believe is the preliminary resource block model that GENIVAR has completed on the LONG Bars Zone…the model so far is based on the 26,000 metres of historical drilling at Granada, and will be updated with the 2,800 metres of drilling Gold Bullion has done since December…this model will give us the first real indication (conceptual and theoretical) of current tonnage at Granada…other highlights from yesterday’s news were the mention of a “very large” Phase 3 drill program beginning this spring, the release of a preliminary NI-43-101 compliant inferred gold resource at Granada by year-end, and the doubling of Gold Bullion’s land package…these are early days in this discovery but GBB clearly has massive potential if drilling continues to deliver wide intersections of near-surface mineralization at 1 g/t Au or better…areas to the north and the east appear to hold the most potential at Granada but the deposit is currently open in all directions…Colombian Mines Corporation (CMJ, TSX-V) is up 8 cents this morning to $1.23 while Seafield Resources (SFF, TSX-V) is up half a penny to 27.5 cents…Seafield’s performance has been disappointing since it announced completion of its Colombian property deal last Friday with privately held Caribbean Copper and Gold Corporation, but we do expect Seafield to strengthen soon enough as this play has a long ways to go in our view…Kent Exploration (KEX, TSX-V), Richfield Ventures (RVC, TSX-V) and Greencastle Resources (VGN, TSX) are all quiet so far this morning…

Being in on the ground floor of a potential multi-million ounce gold discovery is one of those “once-in-a-lifetime” events – for some, a life-changing experience – so at BullMarketRun we’re very pleased to announce this morning that we’re going to bring the Gold Bullion Development Corp. (GBB, TSX-V) story to our loyal readers in a spectacular and informative new way next week.  Late Sunday evening, we’re boarding an Air Canada flight from Vancouver to Montreal and and then we’re flying to Rouyn-Noranda for an extensive on-site visit of the Granada Gold Property.  We’ll be there for three days, compiling information and sending back reports including audio and pictures.

BullMarketRun was the first to uncover the potential of Gold Bullion’s Granada Gold Property three months ago.  We did exhaustive research and found something we thought had serious blue sky potential.  And we were right.  The company’s stock was sitting at just 7 cents in December but we knew that wouldn’t likely last for long once they started getting drill results from this very intriguing property.  Now, even the Coffin Brothers have put their weight and solid reputation behind Gold Bullion with a buy recommendation.  The stock closed yesterday at 24.5 cents, and a whopping 35.5 million shares have traded over the last seven sessions.  That’s the power of a significant mining discovery and we believe the very best is yet to come from Granada.

Many of our readers have made a small fortune so far on Gold Bullion since we brought this undiscovered gem to everyone’s attention last December.  We’ll be the first to do an on-site visit.  We’re very excited about that and our aim is to bring this rapidly developing story to life for our readers and GBB shareholders with precision, careful analysis and creativity.

You don’t want to miss our exclusive reports – they begin Monday morning from Rouyn, Noranda.

Thursday’s Gold Bullion news release, which we’ll be commenting on again this morning, convinced us of the need to do an immediate site visit as Granada is looking more and more like the next major “Cadillac Trend” gold discovery.  Those who understand that now could be in for a financial windfall.