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News
21.09.2009
Bravo Intersects New Gold Zone at Homestake Ridge Property
Bravo Intersects New Gold Zone at Homestake Ridge Property
Bravo Venture Group Inc. reports today that it has intersected significant gold mineralization in the Homestake Silver zone at its 100 percent owned Homestake Ridge Project located in NW British Columbia. The company said that drill hole HR09-137 intersected a 4.1 metre interval averaging 6.9g/t gold and 193.5g/t silver within a 11.6 metre interval averaging 2.8g/t gold and 80.0g/t silver. Assays for intervals above this intercept have not been received, and are expected to be received prior to the end of September. Two additional drill holes have been completed in the immediate area with assays pending , and drilling is continuing where the zone is open down dip and along strike.
Previous drilling results from the Homestake Silver zone identified significant silver values including 1.2 metres averaging 2.0g/t gold and 1672g/t silver within a 51.6 metre interval averaging 0.2g/t gold and 71.9g/t silver from HR08-98.
Results from hole 137 are significant as they have extended the known mineralization in this zone an additional 80 metres to the SE and have encountered significant gold mineralization for the first time in this area of the property. All intervals are reported as estimated true thickness.
Figure 1: Schematic long section of Homestake Silver zone
To view the news release including maps and tables, please follow the link:
http://www.irw-press.com/dokumente/BravoVenture_210909_EN.pdf
Furthermore, Th/K ratios of radiometric data from Bravo’s recently completed Airborne UTEM survey of the property suggest a zone of strong potassic alteration, which is spatially associated with these most recent drill results and which extends on strike an additional 800 metres to the southeast before plunging under sedimentary cover (See website www.bravoventuregroup.com).
Assays have been received from eight drill holes along the Main Homestake zone, after unusually warm weather resulted in unstable drill pads on ice and the loss of our first three holes of the season (HR09-121, HT09-122 and HR09-123) prior to them entering the targeted zone of mineralization.
Drill hole HR09-128 returned high-grade gold mineralization averaging 18.5g/t gold over 2.1 metres within a 27.2 metre interval averaging 3.4g/t gold. An additional 14 holes have been drilled along the northwestern projection of mineralization, with assays pending. An updated long section of the 2009 drill plan is available on Bravo’s website at www.bravoventuregroup.com .
Table I: Summaries of Selected 2009 Assays from the Homestake Ridge Project
To view the news release including maps and tables, please follow the link:
http://www.irw-press.com/dokumente/BravoVenture_210909_EN.pdf
Bravo is conducting an aggressive +$5.0 million drilling program, consisting of approximately 8,500 metres in up to 40 drill holes. Bravo has completed 30 holes (6640 m), seven of which were lost prior to target depth. Assays have only been received for eight drill holes at the Main Homestake zone and one at the Homestake Silver zone .
In addition to drilling at the Main Homestake and Homestake Silver zones, initial drilling is being conducted at the newly identified Gold Reef zone, where surface grab and chip-channel samples with values up to 9.0g/t Au over three metres have been collected in a setting believed to be similar to the Main Homestake zone. Also, ground examination is underway at targets generated by the recently completed airborne geophysics survey.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. The Homestake Ridge project is a gold-rich epithermal/VMS system within Eskay Creek/Silbak-Premier stratigraphy.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
NEWSLETTER REGISTRIERUNG:
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Bravo Venture Group Inc. reports today that it has intersected significant gold mineralization in the Homestake Silver zone at its 100 percent owned Homestake Ridge Project located in NW British Columbia. The company said that drill hole HR09-137 intersected a 4.1 metre interval averaging 6.9g/t gold and 193.5g/t silver within a 11.6 metre interval averaging 2.8g/t gold and 80.0g/t silver. Assays for intervals above this intercept have not been received, and are expected to be received prior to the end of September. Two additional drill holes have been completed in the immediate area with assays pending , and drilling is continuing where the zone is open down dip and along strike.
Previous drilling results from the Homestake Silver zone identified significant silver values including 1.2 metres averaging 2.0g/t gold and 1672g/t silver within a 51.6 metre interval averaging 0.2g/t gold and 71.9g/t silver from HR08-98.
Results from hole 137 are significant as they have extended the known mineralization in this zone an additional 80 metres to the SE and have encountered significant gold mineralization for the first time in this area of the property. All intervals are reported as estimated true thickness.
Figure 1: Schematic long section of Homestake Silver zone
To view the news release including maps and tables, please follow the link:
http://www.irw-press.com/dokumente/BravoVenture_210909_EN.pdf
Furthermore, Th/K ratios of radiometric data from Bravo’s recently completed Airborne UTEM survey of the property suggest a zone of strong potassic alteration, which is spatially associated with these most recent drill results and which extends on strike an additional 800 metres to the southeast before plunging under sedimentary cover (See website www.bravoventuregroup.com).
Assays have been received from eight drill holes along the Main Homestake zone, after unusually warm weather resulted in unstable drill pads on ice and the loss of our first three holes of the season (HR09-121, HT09-122 and HR09-123) prior to them entering the targeted zone of mineralization.
Drill hole HR09-128 returned high-grade gold mineralization averaging 18.5g/t gold over 2.1 metres within a 27.2 metre interval averaging 3.4g/t gold. An additional 14 holes have been drilled along the northwestern projection of mineralization, with assays pending. An updated long section of the 2009 drill plan is available on Bravo’s website at www.bravoventuregroup.com .
Table I: Summaries of Selected 2009 Assays from the Homestake Ridge Project
To view the news release including maps and tables, please follow the link:
http://www.irw-press.com/dokumente/BravoVenture_210909_EN.pdf
Bravo is conducting an aggressive +$5.0 million drilling program, consisting of approximately 8,500 metres in up to 40 drill holes. Bravo has completed 30 holes (6640 m), seven of which were lost prior to target depth. Assays have only been received for eight drill holes at the Main Homestake zone and one at the Homestake Silver zone .
In addition to drilling at the Main Homestake and Homestake Silver zones, initial drilling is being conducted at the newly identified Gold Reef zone, where surface grab and chip-channel samples with values up to 9.0g/t Au over three metres have been collected in a setting believed to be similar to the Main Homestake zone. Also, ground examination is underway at targets generated by the recently completed airborne geophysics survey.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. The Homestake Ridge project is a gold-rich epithermal/VMS system within Eskay Creek/Silbak-Premier stratigraphy.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA1056701032
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.