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28.09.2009
Bravo To Expand Homestake Drilling
Bravo To Expand Homestake Drilling
Bravo Venture Group Inc. (“BVG”) reported today that it is planning to expand the current 2009 season 8500 metre, $5.0 million drill program at its 100% owned Homestake Ridge project in NW British Columbia.
Bravo said it plans to add approximately 2,000 metres to test several newly identified targets along a four km strike length of altered and favourable host rock with mineral showings. The additional drilling is projected to cost approximately $1.0 million.
The company said it has now completed 31 holes (seven of which were lost prior to target depth) for 7600 metres in the 2009 program and is awaiting assays for 18 holes.
Total exploration to date of approximately 35,000 metres has resulted in discovery of two significant zones of mineralization – the Main Homestake zone and the Homestake Silver zone. The new airborne geophysics clearly identifies strong potassic anomalies associated with both areas of known mineralization and several significantly larger anomalies within the 27 square kilometre project.
Bravo president Joe Kizis said it is possible that the best targets at Homestake Ridge have yet to be tested. He noted that the anomalies associated with known zones of mineralization are smaller than other potassic-alteration anomalies of similar magnitude. “We have always felt that Homestake Ridge had district-scale potential because these types of deposits rarely occur alone. The recently completed geophysics indicates that we may have just scratched the surface in exploration to date,” he said.
Further 2009 drill results, particularly samples of holes 141 and 143 on the Homestake Main zone and the remainder of hole 137 and holes 142 and 146 at the Homestake Silver zone, are in for assay and results will be reported as they are received, the company said. An updated drill-hole location map and airborne geophysics map are available on the company’s website, www.bravoventuregroup.com .
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
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.
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Bravo Venture Group Inc. (“BVG”) reported today that it is planning to expand the current 2009 season 8500 metre, $5.0 million drill program at its 100% owned Homestake Ridge project in NW British Columbia.
Bravo said it plans to add approximately 2,000 metres to test several newly identified targets along a four km strike length of altered and favourable host rock with mineral showings. The additional drilling is projected to cost approximately $1.0 million.
The company said it has now completed 31 holes (seven of which were lost prior to target depth) for 7600 metres in the 2009 program and is awaiting assays for 18 holes.
Total exploration to date of approximately 35,000 metres has resulted in discovery of two significant zones of mineralization – the Main Homestake zone and the Homestake Silver zone. The new airborne geophysics clearly identifies strong potassic anomalies associated with both areas of known mineralization and several significantly larger anomalies within the 27 square kilometre project.
Bravo president Joe Kizis said it is possible that the best targets at Homestake Ridge have yet to be tested. He noted that the anomalies associated with known zones of mineralization are smaller than other potassic-alteration anomalies of similar magnitude. “We have always felt that Homestake Ridge had district-scale potential because these types of deposits rarely occur alone. The recently completed geophysics indicates that we may have just scratched the surface in exploration to date,” he said.
Further 2009 drill results, particularly samples of holes 141 and 143 on the Homestake Main zone and the remainder of hole 137 and holes 142 and 146 at the Homestake Silver zone, are in for assay and results will be reported as they are received, the company said. An updated drill-hole location map and airborne geophysics map are available on the company’s website, www.bravoventuregroup.com .
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
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.