GBB Begins Milling from Granada's No. 2 Vein - January 8, 2007

GBB announces that it has begun milling of the open pit ore from the # 2 Vein system as of January 2, 2007. This is the initial phase of GBB's feasibility program for the evaluation of the historic (pre NI 43-101) proven and probable mineral reserve reported by A.C.A. Howe International Ltd in 1994. A.C.A Howe reported a total of 582,589 tons of 0.119 ounce per ton Au (528,665 tonnes at 4.08 g/t) of mineable ore that has yet to be mined. GBB is currently mining this ore to confirm grade and recovery. The Granada mill is operating at a daily average tonnage of 250 tonnes per day over a five-day work week. As open pit mining progresses and 20,000 tonnes of ore is stock piled, GBB will begin operating on a seven-day work week basis. for more information...

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