BullMarketRun.com

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…