Homestake Ridge - British Columbia

In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.

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Message: Bravo Purchases Additional Mineral Claims at Homestake Ridge
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Bravo Purchases Additional Mineral Claims at Homestake Ridge

posted on Dec 23, 2009 08:10PM

Bravo Purchases Additional Mineral Claims at Homestake Ridge

Wednesday December 23, 2009, 2:24 pm EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/23/09) - Bravo Venture Group Inc. (TSX-V:BVG - OTC:BVGIF)(Frankfurt:B6I - News) announced today that it has entered into two agreements with two separate arms-length private vendors to purchase additional mineral claims at its Homestake Ridge property located in NW British Columbia.

The Millsite Claim is a Crown Grant mineral claim located at the southern border of the Company's property, which was obtained from the Provincial Government by the original holder of the Company's Crown Grant mineral claims to serve as a potential millsite. Purchase of the claim by the Company, together with the other claims described below, completes the Company's claim package and now includes a fee-simple site for potential milling operations.

Consideration payable for the purchase of the Millsite claim is $20,000 cash and 100,000 common shares of the company. In addition, the vendors will retain a 2% net smelter return royalty.

In addition, nine MTO mineral claims, located by private vendors, were acquired in a separate transaction. Three of these claims partially overlie the 18 ha area of the reverted Tip Top Crown grant and now bring all claims internal to the boundaries of the Homestake Ridge Project under the Company's ownership.

Consideration for the purchase of the nine claims is $50,000 cash, 100,000 common shares of the Company and a 2% Royalty on any portions of the claims not superseded by valid, pre-existing claims staked or granted, all of which the Company owns.

Both agreements are subject to the approval of the TSX-Venture Exchange.

Company Chairman Lawrence Page stated, "Purchase of these claim blocks fills a small hole in the Company's claim package near the newly discovered Homestake Silver deposit, and provides the Company with the flexibility of ownership of another parcel of private surface for potential facilities as we further evaluate the development of the Homestake property."

On behalf of the Board of Directors
Joseph A. Kizis Jr.,
Director, President,
Bravo Venture Group Inc.

http://finance.yahoo.com/news/Bravo-Purchases-Additional-iw-872261886.html?x=0&.v=1

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