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.
Message: Bravada Begins First Deep Test of PH Project in Nevada
August 19, 2010 BVA-TSX.V NR-08-10 Bravada Begins First Deep Test of PH Project in Nevada Bravada Gold Corporation (BVA.V) project
and will drill the first deep hole ever drilled on the property. Bravada also said it has now completed its planned two-hole drilling program at the company’s property. Both are part of the company’s portfolio of 13
projects located along the Battle Mountain-Eureka Gold trend in Nevada, with PH being immediately east of US Gold’s Tonkin Springs property and northeast of Miranda’s Red Hills gold property and Signal being near the southern end of the trend. Gold mineralization at PH is exposed in Lower Plate carbonates, with assays of surface grab samples ranging from background to 3.39g/t Au. At the surface, alteration and pathfinder geochemistry typical of Carlin-type deposits occur within high-angle faults cutting relatively unfavorable Lone Mountain Dolomite. The target is deeper, with the hole being scheduled for approximately 500m total depth to test where surface-mineralized faults cut highly prospective Roberts Mountains Formation. Initial preliminary results from Signal are currently being received and a full evaluation will be completed and published when all results have been received. President Joe Kizis comments, “With PH we are continuing our program of testing properties with potential for
multi-million ounce, Carlin-type gold deposits under the theory that the best place to find such deposits is near mineral showings with Carlin-type alteration and geochemistry. Surface showings that we observe at PH are often leakage haloes from much larger deposits, particularly in productive mining districts along the Battle Mountain-Eureka trend.” Also planned for drilling this season is the property, which is located east of the Eocene-age Carlin-type
deposits in the Cortez mining district and east of the Miocene-age low-sulfidation epithermal-type deposit at the previously mined Buckhorn deposit. Several large Carlin deposits display evidence of overprinting by younger gold systems, an indication that their plumbing systems are deeply rooted. Both Carlin-type and low-sulfidationtype alteration are present at SF, with narrow zones of Carlin-style geochemistry intersected in a drill hole directly east of the property of another company. The target is highly favorable Devonian-age Wenban Limestone and Horse Canyon Formation host rocks adjacent to a major fault projected beneath thin gravel cover. About Bravada Gold Corporation Bravada Gold Corporation is a member of the Manex Resource Group of companies with an exploration office in Reno, Nevada from which it is exploring its extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. Bravo Gold Corp. (BVG.V) owns 35% of 31,619,218 common shares currently outstanding. Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release. -30- On behalf of the Board of Directors “Joseph A. Kizis, Jr.” Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation For further information, please visit the company’s website at or contact Liana Shahinian
at 604.641.2773 or toll free at 1.888.456.1112 or by email at . Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company’s projects, and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
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