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Bravo Gold Corp., Vancouver, BC, TSX.V: BVG; Frankfurt : B6I ; is a well-financed Canadian based exploration company 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.
The company’s major asset, encompassing 2, 5851 hectares, is the 100% owned Homestake Ridge project in B.C., a gold-rich epithermal/VMS-related vein system hosted within Eskay Creek equivalent stratigraphy that is rapidly advancing with excellent drill results.
Marketwire - April 6, 2011
Bravo Doubles the Resource of the Homestake Silver Deposit at Homestake Ridge
Read More:
http://www.marketwire.com/press-release/Bravo-Doubles-the-Resource-of-the-Homestake-Silver-Deposit-at-Homestake-Ridge-TSX-VENTURE-BVG-1423432.htm
Since initial acquisition in 2003, Bravo has moved the project from grass-roots discovery to delineation of the high-grade mineral resources to further discovery of what may evolve into a substantial gold district in north-western British Columbia.
Bravo also has a 100% option on the Silver basin Project which is located 14km southeast of the Homestake Ridge Project.
The Silver Basin project consists of a single amalgamated claim of 760 hectares, Hazelton volcanic and sedimentary rocks underlie the project, which is the same package of rocks that host the bonanza-grade Eskay Creek mine farther north.
The company’s holdings, strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada have been spun-out to Bravada Gold Corp. in which Bravo holds 34 percent shareholding interest.
The Homestake Ridge project is being advanced as a potential high-grade underground mining operation. Since 2003, Bravo has completed over 40,800 meters in exploration and delineation drilling and in 2010 reported a NI43-101 compliant mineral resource estimate for the project of 191,000 ozs gold and 1,350,000 ozs silver plus an inferred resource of 348,000 ozs gold and 7,990,0000 ozs silver at a 3.0 g/t AuEq. cut-off in two separate deposits (1).
Multiple exploration targets identified through surface exploration and a recently acquired +630 line kilometre airborne geophysical survey remain to be tested on the property and highlight the “district-scale” potential of the project.
Bravo continues to move the Homestake Project through preparatory stages to facilitate the ultimate development of the project. The company has assembled a group of exploration and mining professionals to advise and advance non-exploration related aspects of the program including data acquisition and QAQC protocols, resource modelling and preliminary engineering, economic assessment, ore metallurgy, road access and permitting.
The project is located on Nisga’a Lisims Treaty Land. Bravo has and continues to develop an integration policy that engages and incorporates local people and economic interests into the exploration and development programs.
Bravo Gold Corp. is affiliated with Manex Resource Group, a private company comprised of an exceptional multi-disciplinary team of professionals, with specific expertise in all the areas of exploration, development and public company administration.
(1) The current estimate, as reported in NR-07-10, was prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) and carried out using a block model constrained by 3D wireframes of the mineralized zones.
The block model comprised an array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, Cu, Pb, and Zn interpolated using Inverse Distance to the Third Power (ID3) weighting. At a 3.0g/t AuEq. cut-off, the model identified an indicated resource of 888,000 tonnes averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and an inferred resource of 2,340,000 tonnes averaging 4.6g/t Au, 105.5g/t Ag and 0.13% Cu.
Bravo is a Manex Resource Group Company
See also: http://agoracom.com/ir/BravadaGold