Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: BVG
Latest Price: C$0.07  (-7.14% Descending)
52-week High: C$0.16
52-week Low: C$0.05
Market Cap: C$13.17M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Bravo Gold Corporation
www.bravoventuregroup.com

Bravo Venture Group Inc. is 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 that exhibit potential for discovery.

Bravo’s exploration activities are focused in N.W. British Columbia and Nevada.  The company’s 100% owned VMS/Epithermal Homestake Ridge gold/silver Project in British Columbia is rapidly advancing with excellent drill results. Bravo also has the 100% owned Silver Basin Project which is located 14km southeast of Bravo’s Homestake Ridge project.

Full Bravo Gold Corporation profile here
Pdf

Bravo Gold plans 12,000 meters of drilling to expand Homestake Silver

18th Mar 2010, 4:07 pm

Bravo Gold Corp. (TSX-V:BVG)(ETR:B6I) is planning to complete an additional 12,000 meters of drilling at its Homestake Ridge Project , British Columbia in 2010, following on from a 14,400 meter drill campaign completed in 2009.


Drilling at Homestake Silver last year delivered many highly encouraging assay results for the junior precious metals exploration company, including 24.4 metres @ 12.1 grams per tonne (g/t) gold (Au) and 6.8 g/t silver (Ag), including a bonanza grade 2.4 metres @ 87 g/t Au and 22.1 g/t Ag.  The same hole (HR09-165) also intercepted an additional 14.5 metre interval @ 4.8 g/t Au and 2.1 g/t Ag, which included a higher grade 2.5 metres @ 10.4 g/t Au and 3.3 g/t Ag.


This week Bravo Gold released the final results from the 2009 drill season.  The final few holes focused on an area above Homestake Silver and other untested targets.   Two drill holes completed above Homestake Silver returned anomalous intervals of gold and silver, including 3.1 meters averaging 1 gram per tonne gold and 33.7 gram per tonne silver.  The mineralization was encountered in the fringe of a north-northwest plunging lens of gold mineralization within Homestake Silver.  The lens, which is still open to the north-west and at depth, with be targeted in the 2010 drill program. Meanwhile, drill hole HR09-162 intersected a deep portion of the south-eastern extension of Homestake Silver, returning low values of precious metals.


Bravo Gold also turned its attention to several other yet untested targets, including North Dome, which sits approximately 3200 meters north of Homestake Silver.   Only one hole was drilled, but it returned elevated concentrations of silver, plus intervals of primarily lead and zinc.  Bravo Gold was encouraged by this result, as similar geochemistry was noted above the Homestake Silver deposit, suggesting that additional drill holes at depth could be rewarding.


Looking ahead for the rest of 2010, Bravo is planning to report a resource estimate for the project, which is being completed by Scott Wilson, Roscoe, Postle Associates. The resource will incorporate both the Main Homestake and Homestake Silver deposits.


Additional metallurgical testwork is also underway – on the ‘Silver Cap’ portion of the Main Zone – with results expected to be “completed soon”.  


Ahead of a planned 12,000 meter, CDN$6 million drill program this year, Bravo Gold has commenced permitting, planning and other associated works.  Drilling will be multi-focused on testing six high priority exploration targets, expanding Homestake Silver and testing the zone between Homestake Silver and Main Homestake.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.