Bravada Gold Corp (CVE:BVA) announced Monday it intersected a new zone of near-surface gold and silver mineralization at its Wind Mountain property in Nevada.
The property falls within the Walker Lane gold trend, and lies 160 kilometres northeast of Reno. The new South End target is located 800 metres south of the existing resource, where nine holes, totaling 611 metres, have been completed.
From South End, 13.7 metres grading 1.05 grams per tonne (g/t) gold and 14.9 g/t silver, including 1.88 g/t gold and 17.6 g/t silver over 6.1 metres, were intersected in hole WM-11-034.
The hole, which started at a depth of 29 metres, was lost at the bottom of the interval as a result of some drilling problems. Bravada said follow-up drilling is planned.
"The South End target confirms our belief that additional shallow zones of mineralization can be delineated at Wind Mountain," said president Joe Kizis.
"We are encouraged by the attractive grade intersected in hole WM11-034, and mineralization at the South End target remains open along strike and at depth."
Other notable results from the on-going reverse-circulation (RC) drill program include 6.1 metres grading 0.34 g/t gold and 9.2 g/t silver in hole WM-11-035, and 0.23 g/t gold and 20.2 g/t silver over 10.7 metres in hole WM-11-030, each in the South End target.
From the Wind Pit target, hole WM-11-028 intersected 18.3 metres grading 0.3 g/t gold and 8.0 g/t silver.
The site has a previous resource estimate of 406,000 ounces of gold in the measured and indicated category, and an additional 92,000 ounces of gold in the inferred category. Currently, the RC drilling on the property is continuing to achieve its planned 70 holes and over 6,000 metres drilled.
In other news, Bravada announced that modeling is underway for its Quinto gold project, located in Toiyabe Range in southern Lander County. In the late 1980s, the mine was operated by a joint venture between Inspiration Gold and FMC Gold.
While the Nevada-focused gold exploration and development company said it hasn't independently confirmed the resource, published reports claim the original gold deposit produced 174,460 ounces of gold. The report also claims that a small historic resource remains on the property.
The Vancouver, B.C.-based company's stock on the TSX Venture Exchange rose 5.56% to trade at $0.095 per share, as of 10:59 am EDT on Monday.