Bravada Drilling Underway at Highland and Permitting Underway for Drilling at Wind
Bravada Drilling Underway at Highland and
Permitting Underway for Drilling at Wind
Mountain, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2020) -
Bravada Gold Corporation
(TSXV:
BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") announces diamond drilling is
underway at its
Highland gold/silver project
. Hole HL-1 is the first of two core holes planned for the
Big Hammer Target.
Figure 1: Big Hammer Target Section looking Northwest - Highland Project
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5343/62504_4219a39a24050b11_001full.jpg
The 2020 exploration program is being funded by Option/Joint-Venture partner
OceanaGold US
Holdings Inc. ("OceanaGold")
, a wholly-owned subsidiary of
OceanaGold Corp.
OceanaGold may
earn up to a 75% interest in the Project after expenditures of
US$10 million
following which Bravada will
participate in joint-venture exploration and development on a 75/25% basis (for details, see News
Release NR-09-18, December 20, 2018).
In other project news
, Bravada has completed 3D modeling at its 100% owned
Wind Mountain
gold/silver project
and is in the process of modifying its existing drill permit to include four new drill
sites. Each site can be used for multiple drill holes and three or four reverse-circulate drill holes are
planned for late fall or early winter.
President Joe Kizis comments,
"A number of features point to the targeted area being the ultimate
source, known as the "upwelling" or "feeder" zone, for the large amount of disseminated gold and
silver mineralization previously mined by Amax Gold as well as the remaining resources defined by
Bravada. Evidence has been gleaned from historic shallow condemnation drill holes, geological
mapping, geochemical sampling, and magnetic geophysics. What is exciting about this target is that
the ore-bearing fluids should have been more confined at this deeper level compared to the shallower
level where disseminated mineralization was deposited, resulting in significantly higher grades of gold
being deposited. Disseminated gold and silver mineralization is exposed over +6km of strike length,
and these planned holes will be the first relatively deep holes into the possible feeder zone of this
large hydrothermal system."
Figure 2: Wind Mountain Feeder Target Concept
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5343/62504_4219a39a24050b11_002full.jpg
About Bravada
Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best
mining jurisdictions in the world. Bravada has successfully identified and advanced properties with the
potential to host high-margin deposits while successfully attracting partners to fund later stages of project
development. Three of Bravada's ten Nevada properties are being funded by partners. Bravada's value
is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the
Company has significant upside potential from possible new discoveries at its exploration properties.
Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly
traded companies, as well as a similar number of property-acquisition agreements with private
individuals. Bravada currently has 10 projects in its portfolio, consisting of 764 claims for approximately
6,100 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill
intercepts of gold and already have drill targets developed. Several videos are available on the
Company's website that describe Bravada's major properties, answering commonly asked investor
questions. Simply click on this link
http://www.bravadagold.com/en/management-videos.php
.
Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the qualified person responsible for
reviewing and preparing the technical data presented in this release and has approved its disclosure.
-30-
On behalf of the Board of Directors of Bravada Gold Corporation
"Joseph A. Kizis, Jr."
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
For further information, please visit Bravada Gold Corporation's website at
bravadagold.com
or contact
the Company at 604.684.9384 or 775.746.3780.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/62504