1100-1199 West Hastings Street, Vancouver, BC, V6E 3T5
“A Manex Resource Group Company”
November 20th, 2009 BVG-TSX.V Frankfurt: B6I
NR-32-09
Bravo Encounters 18.2g/t Au and 946g/t Ag over 7.0 metres at Homestake Ridge
Bravo Venture Group Inc. reported today that it has intersected additional Bonanza-grade gold and silver mineralization at the Homestake Silver zone and continued to return high-grade gold assays from definition drilling at the Main Homestake zone on its 100 percent owned Homestake Ridge Project located in NW British Columbia.
Homestake Silver zone
The Company reported that intial assays from drill hole HR09-161 intersected a “bonanza grade-intercept” averaging 51.9g/t gold and 2592g/t silver, 2.8% lead and 3.0% zinc over a 1.9 metre interval within a 4.8 metre interval averaging 25.9g/t gold and 1358g/t silver which is contained within a 7.0 metre interval averaging 18.2g/t gold and 946g/t silver.
Assays for only 27 samples have been received from hole HR09-161. Additional portions of the hole, both above and below the reported intercept, are strongly silicified with associated sulphides, including pyrite, sphalerite, galena and trace chalcopyrite. Assays from these intervals are pending.
Hole HR09-161 has extended the eastern projection of the gold-rich, high-grade vein, first encountered in previously reported drill holes HR09-146 (3.6 metres of 10.6g/t gold and 1689g/t silver) and HR09-137 (4.1 metres of 6.9g/t gold and 193.5g/t silver) and has offset these holes 90 metres and 110 metres respectively. Three additional holes, which were drilled as part of the 2009 exploration program and for which assays are not yet available, have tested the projection of the primary vein a further 175 metres to the east. Drilling at the Homestake Silver zone from 2007-09 has now identified high-grade silver and gold mineralization, in sometimes multiple veins over a 350 metre strike-length. Mineralization is open down-dip along this full strike-length.
In addition, the Company reported that newly received assays from drill hole HR09-156 have identified an adjacent silver-rich hangingwall vein, averaging 0.2g/t gold and 567.0g/t silver over 2.0 metres, which has now expanded the previously reported mineralized composite on the primary vein (see NR-31-09) to 11.7 metres averaging 1.3g/t gold and 335g/t silver. All intervals are reported as estimated true thickness.
Main Homestake zone
The Company also reported that drill hole HR09-154 intersected a 5.9 metre interval averaging 8.5g/t gold and 5.9g/t silver within a 47.5 metre interval of 1.8g/t gold and 1.8g/t silver. This hole, which tested an approximate 30 metre lateral projection of previously reported mineralization in drill holes HR08-120 (69.7 metres of 6.1g/t Au and 15.3g/t Ag) and HR09-152 (11.9 metres of 13.0g/t Au and 19.5g/t Ag), better defines the distribution of high-grade mineralization within this horizon.
Homestake Ridge Project
Bravo has now completed the 2009 exploration program at the Homestake Ridge Project and crews are in the process of de-mobilization. A total of 48 holes have been cored on the property for 13,436 metres during this year’s program. Assays from 13 drill holes are pending.
Twenty-two holes have been drilled in Homestake Silver zone (two lost), 22 holes in the Main Homestake zone (four lost), and six holes tested other targets on the claim group (one lost). An updated long section of the 2009 drill plan and a full compilation of the 2009 assay summaries are available on Bravo’s website at bravoventuregroup.com.
Table 1: Summaries of Selected Assays from the Homestake Ridge Project
Analyzed by FA-ES/AA for gold and ICP-MS by Acme Labs, Vancouver BC; Samples >10g/t Au re-assayed with FA-Grav – check assays are pending; Silver overlimits (>100g/t Ag) re-assayed with FA-Grav. >0.2g/t Au and 20g/t Ag cut-off used for compositing intervals, <20% internal dilution uless otherwise indicated
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.
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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 Jeff Stuart or Ran Davidson at either 1-888-456-1112 or 604-684-9384 or by email at [email protected].
