Bravo Venture Group Inc. (TSX VENTURE:BVG) announced today that it has acquired the HO Property, bringing to nine the number of Bravo properties in the prolific Battle Mountain Trend of Nevada. The property consists of 45 lode claims located approximately 15 km east of Placer Dome`s ET Blue deposit. The gravel-covered property covers the intersection of a prominent NE-trending horst block and NW-trending lineaments observed on regional gravity data. Gold mineralization is exposed in Lower Plate carbonates nearby at Red Canyon (Miranda/Placer Dome). Bravo can earn a 100% interest in the claims by making payments totaling US$110,000 over a 5-year period subject to a 2% NSR, of which 1% can be purchased for US$1,000,000.
Bravo also reports that geochemistry of surface soil and rock-chip samples collected late last year from its Granite Mtn Property has been evaluated. Samples from limited exposures of Upper Plate rocks yielded anomalous gold, up to 1.46 g/t Au. Soil data appear to delineate a zoned hydrothermal cell with a core of anomalous copper (+58 ppm), surrounded by anomalous arsenic (+22 ppm), then gold (+20 ppb), and finally zinc (+100 ppm). Granodiorite dikes and sills are locally argillized, with rock-chip samples containing up to 0.500 g/t Au. Regional gravity shows a strong NW-trending crustal break passing through the property and also suggests that Lower Plate carbonates may occur at relatively shallow depths. In addition to the Lower Plate target, Upper Plate rocks may host shallower gold mineralization in thrust sheets, along sills, and in
the Elder Sandstone, such as occurs nearby at the Hilltop, Colorback, and Robinson properties.
Bravo is seeking partners to drill test each of these properties.
The company also reported today that it is reviewing the possible acquisition of additional properties in the Battle Mountain trend.
Joseph A. Kizis Jr. is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
``Joseph A.Kizis Jr.``
Joseph A.Kizis, President, Director
Bravo Venture Group Inc.
Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.
Capitalization Report for Bravo Venture Group Inc
Shares Issued: 34922171
Shares Escrow: 0
TSX Venture closing price for Bravo Venture Gro
Date: 2005/02/03
Closing Price: 0.175
CONTACT: FOR FURTHER INFORMATION PLEASE CONTACT:
Bravo Venture Group Inc.
Jay Oness
1-888-456-1112 or (604) 899-2515
(604) 688-4670 (FAX)
corpdev@mnxltd.com
www.bravoventuregroup.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
