The BMR Portfolio (Week in Review Part 2 of 3)
Gold Bullion Development (GBB, TSX-V)
Gold Bullion closed Friday at 55 cents for a very modest 2-cent weekly gain…our visit to the Granada Gold Property was ideal timing for our readers, we believe, just prior to a very important month of September for this company with more drill results on the way and the completion of its 20,000 metre Phase 2 drill program…our latest site visit confirmed that everything is on track with Gold Bullion including the Preliminary Block Model, where there is still plenty of exploration upside, and a growing LONG Bars Zone eastern extension…we encountered a very upbeat and energetic crew on site, all working well together, which is an important sign…we are impressed with how Gold Bullion is advancing Granada in a very strategic, efficient, systematic, forward-thinking and effective way which is why we continue to be so bullish on this project…we found our interview with Frank Basa to be informative and encouraging though he was clearly holding back some of his enthusiasm…he obviously had to be careful with his comments…having said that, we believe he handled himself extremely well and articulated a clear vision for the near and longer term…Basa is quite conservative by nature – he’s not one to engage in hype – and he adheres to the philosphy that it’s always best to “under-promise” and “over-deliver”…on the one hand he was careful with his words…on the other hand, though, the symbolism of him standing at Hole 78 was more than just a subtle message in our opinion…it could not have been a coincidence that this hole was specifically singled out in Gold Bullion’s July 29 news release…it was collared 250 meters east of Phase 1 discovery hole 17 and encountered visible gold as well as large alteration and intrusive zones to a vertical depth of 350 metres…something significant appears to be developing in the east which Basa boldly stated is “an area of extreme interest”…the amount of altered feldspar porphyry being intersected in the east, as disclosed by Gold Bullion last month, is raising eyebrows among a few geologists we’ve spoken to…if some of this porphyry contains abundant sulphides – we know from historical reports that this is the case further east around the old Aukeko shaft in LONG Bars Zone 2 – then we are guaranteed to have a dramatic game-changing event on our hands…Jordan Capital’s continued appetite for Gold Bullion demonstrates the smart money is fully behind this…after our third site visit of the year, and further research, we can state with complete and total confidence that the best is yet to come from this very exciting project which has multi-million ounce potential written all over it…
