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.
Bravo Gold plans 12,000 meters of drilling to expand Homestake Silver
Bravo Gold Corp. (TSX-V:BVG)(ETR:B6I) is planning to complete an additional 12,000 meters of drilling at its Homestake Ridge Project , British Columbia in 2010, following on from a 14,400 meter drill campaign completed in 2009.
Drilling at Homestake Silver last year delivered many highly encouraging assay results for the junior precious metals exploration company, including 24.4 metres @ 12.1 grams per tonne (g/t) gold (Au) and 6.8 g/t silver (Ag), including a bonanza grade 2.4 metres @ 87 g/t Au and 22.1 g/t Ag. The same hole (HR09-165) also intercepted an additional 14.5 metre interval @ 4.8 g/t Au and 2.1 g/t Ag, which included a higher grade 2.5 metres @ 10.4 g/t Au and 3.3 g/t Ag.
This week Bravo Gold released the final results from the 2009 drill season. The final few holes focused on an area above Homestake Silver and other untested targets. Two drill holes completed above Homestake Silver returned anomalous intervals of gold and silver, including 3.1 meters averaging 1 gram per tonne gold and 33.7 gram per tonne silver. The mineralization was encountered in the fringe of a north-northwest plunging lens of gold mineralization within Homestake Silver. The lens, which is still open to the north-west and at depth, with be targeted in the 2010 drill program. Meanwhile, drill hole HR09-162 intersected a deep portion of the south-eastern extension of Homestake Silver, returning low values of precious metals.
Bravo Gold also turned its attention to several other yet untested targets, including North Dome, which sits approximately 3200 meters north of Homestake Silver. Only one hole was drilled, but it returned elevated concentrations of silver, plus intervals of primarily lead and zinc. Bravo Gold was encouraged by this result, as similar geochemistry was noted above the Homestake Silver deposit, suggesting that additional drill holes at depth could be rewarding.
Looking ahead for the rest of 2010, Bravo is planning to report a resource estimate for the project, which is being completed by Scott Wilson, Roscoe, Postle Associates. The resource will incorporate both the Main Homestake and Homestake Silver deposits.
Additional metallurgical testwork is also underway – on the ‘Silver Cap’ portion of the Main Zone – with results expected to be “completed soon”.
Ahead of a planned 12,000 meter, CDN$6 million drill program this year, Bravo Gold has commenced permitting, planning and other associated works. Drilling will be multi-focused on testing six high priority exploration targets, expanding Homestake Silver and testing the zone between Homestake Silver and Main Homestake.
Other Bravo Gold Corporation articles
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19/04/10 Bravo Gold Corp's Next Season could be a Company Maker
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06/10/09 Bravo Venture hits more bonanza gold and silver grades at Homestake Ridge
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02/04/09 Bonanza gold and silver grades bode well for Bravo Venture Group
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01/10/08 Bravo Reports Additional Results from Homestake Ridge
Other Bravo Gold Corporation news
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01/09/10 Bravo Gold to raise up to $3 million to fund larger drill program at Homestake Ridge
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17/06/10 Bravo Gold readies for 12,000 metre drill program at Homestake Gold-Silver Project
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15/05/10 Bravo Gold’s Homestake better suited to underground mining techniques
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04/02/10 Bravo Venture Group acquires Agnico-Eagle property in Cortez Mining District
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11/01/10 Metallurgical results from Homestake Ridge Gold-Silver Project give Bravo Ventures a boost
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07/01/10 Bravo Venture Group reports more excellent drill results from Homestake Gold-Silver Project
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07/12/09 Bravo continues to expand understanding of Homestake Ridge Gold-Silver Project
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23/11/09 Bravo Venture Group finds more bonanza gold and silver grades at Homestake Ridge project
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10/11/09 Bravo Ventures Extend Projections of the Gold-Silver Mineralization at Homestake
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27/10/09 Bravo Venture Group cuts 11.9 meters averaging 13 grams per tonne gold at Homestake
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