Bravada Expands Claim Package at the SF Carlin-Type Gold Project, Nevada
Bravada Expands Claim Package at the SF
Carlin-Type Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) -
Bravada Gold
Corporation
(TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") has
purchased, subject to TSXV Exchange approval, 37 mining claims adjacent to Bravada's
SF property
,
expanding the project to 103 claims (approximately 800 hectares). SF is a Carlin-type gold property
located along the Battle Mountain-Eureka Gold trend, ~6 kilometers east of Barrick's Goldrush
development-stage gold mine in the prolific Cortez district. The Company is acquiring 100% interest in
the claims from a private company for 350,000 common shares and a retained 2% NSR, of which one
half (1% NSR) can be purchased for US$1million.
Bravada completed two proof-of-concept R.C. holes (878m total) in 2019 on the Company's claims
close to the boundary with the acquired claims. Bravada's holes intersected anomalous gold and base-
metals within the Horse Canyon and Wenban formations (see Figure 1), which are repeated in the holes
due to a sequence of stacked thrust sheets.
The two holes successfully verified favorable host rocks and structure, as well as a gold-bearing
hydrothermal system. These geologic features are similar to those at Goldrush and extend onto the newly
acquired claims based on surface mapping, alteration, geochemistry, and numerous, narrow gold
intercepts of +0.1 ppm (Maximum 0.664 ppm Au) in hole HC04-1. The property acquisition includes an
extensive database that will be combined with Bravada's existing database to guide next-stage work at
the expanded SF Project.
President Joe Kizis commented,
"SF is in one of the most exciting gold-discovery regions in Nevada,
as demonstrated by exceptional results at Goldrush and its apparent northerly extension, Red Hill.
Bravada believes that SF is in a similar geological setting to Barrick's impressively large and rich
gold deposits. We believe follow-up work is justified at SF, and the expanded claim position provides
us with more flexibility in tracing the "smoke" that we intersected in our 2019 drill holes."
Figure 1: SF Interpreted Cross Section Geology.
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In other project news
, Bravada expects drilling to begin at the
Highland project
around August 15th
and at the
Wind Mountain project
late fall or early winter 2020. Field work was recently conducted on
two target areas at Highland, located 2.5km apart, and the Big Hammer target will be tested with an
initial two core holes. Additional field work is planned for the Geyser target in preparation for drilling in
2021. A permit for 12 sites has been approved and bonded to allow drilling at both targets.
A fence of 3 or 4 reverse-circulate drill holes is planned across the Feeder target at Wind Mountain after
3D modeling and modifications to the existing permit have been completed. Previous drilling, mapping,
geochemical sampling, and magnetic geophysics all point to a defined area as the "feeder" source of
the large amount of disseminated mineralization, which includes previous production and current
resources. This program will be an initial test of the refined Feeder target.
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.
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