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Market: TSX-V
Sector: General Mining
Epic: BVG
News: Latest news
Web Site: Bravo Gold Corporation
Other Articles: 17-06-201015-05-201019-04-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Bravo Gold Corporation

Bravo Gold Corporation

Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America that exhibit potential for discovery.

Bravo’s exploration activities are focused in N.W. British Columbia and Nevada.  The company’s 100% owned VMS/Epithermal Homestake Ridge gold/silver Project in British Columbia is rapidly advancing with excellent drill results. Bravo also has the 100% owned Silver Basin Project which is located 14km southeast of Bravo’s Homestake Ridge project.

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Thursday, February 04, 2010

Bravo Venture Group acquires Agnico-Eagle property in Cortez Mining District

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Junior gold exploration outfit Bravo Venture Group (TSX-V: BVG, FSE: B6I) has inked a deal with the U.S subsidiary of Agnico-Eagle Mines (TSX-AEM) to acquire the ‘NSR’ property which lies within the highly prospective Cortez Mining District in central Nevada. The property covers approximately 1,300 hectares in two irregular blocks.


Bravo Venture Group can earn 100% by paying Agnico-Eagle Mines 300,000 shares upon signing and exchange approval, and by spending US$2 million over a maximum of six years. Once Bravo Venture Group completes the earn-in, Agnico-Eagle Mines has 60 days to either accept a 2% NSR, of which 1% NSR can be purchased for $1 million, or elect to earn back 60% interest by spending $4 million over a four-year period and producing a bankable feasibility document.  Agnico-Eagle Mines will also have the option to earn a further 10% by either providing or arranging financing for Bravo Venture Group’s share of the capital required for mine development.


"The Cortez district hosts a major percentage of the gold discovered to date along the prolific Battle Mountain-Eureka Gold trend in central Nevada, and we are pleased to add such a significant property position within this important district to our existing portfolio of twelve properties along the trend. We plan to use this property position as a starting point to further expand our involvement in this exciting district," commented President Joe Kizis.


Previous data compiled on the NSR property, including soil and rock geochemistry, geophysical surveys and historical drill data and data from five reverse-circulation (RC) drill holes completed by Agnico-Eagle Mines have been provided to Bravo Venture Group. The junior gold explorer has also conducted its own rock chip sampling at NRS which confirmed anomalous gold up to 1 gram per tonne in “typical Carlin-style pathfinder geochemistry”.

“Historic drilling indicates that several areas contain accumulations of strongly anomalous gold; however, historic drilling cannot be confirmed to have been conducted to NI-43-101 standards and cannot be relied upon to define any possible resource,” the company noted.


Bravo Venture Group also highlighted that the previous vertical drilling on the property may have missed ‘Upper Plate’ rocks which tend to occur in vertical structures.  Additionally, the more desirable ‘Lower Plate’ host-rocks had yet to be encountered on the property. “Compilation of existing data, 3D geologic modeling, and additional geophysical surveys are expected to identify several attractive drill targets.”

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