Bravada Reports Assays from 2021 Drilling at the Highland Gold/Silver Property, Nevada; Re- Acquires 100% Interest
Bravada Reports Assays from 2021 Drilling at
the Highland Gold/Silver Property, Nevada; Re-
Acquires 100% Interest
HIGHLIGHTS
Assays for seven reverse-circulation holes received, four holes in the Western Vein zone and three
holes in the Big Hammer/Sinter region.
Numerous +0.3g/t gold intervals intersected with low values of base metals and low-temperature
vein textures, suggesting only shallow levels of the hydrothermal system were tested.
A down-faulted northerly extension of the main Western Vein zone was intersected beneath
overburden, returning multiple 0.3g/t gold values associated with low-temperature vein mineralogy
and textures indicating exploration potential at deeper levels over a strike length of approximately
400 metres.
Holes from the Big Hammer/Sinter region indicate significant lateral flow of mineralizing fluids to
form widespread sinter, shallow-level alteration and vein textures, and locally significant gold
mineralization; major upwelling zones, where potentially high-grade gold may have developed,
have not been encountered to date in this region of the property.
Geologic mapping at the Geyser and Cabin targets have refined those targets; both targets occur
at the intersection of northwest-trending fault zones and an older caldera rim fault. Surface samples
of veins contain values up to multi-gram/ton gold.
Drilling, mapping, and gravity geophysics were conducted as part of a 2021 earn-in agreement;
however, the property has been returned to Bravada, which continues to hold a 100% interest in
Highland.
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Bravada Gold Corporation
(TSXV: BVA) (FSE: BRTN) (the "Company" or "Bravada") reports 2021 Highland drill results conducted
by an earn-in partner that has elected to return the property to Bravada without earning an interest. Seven
holes (a total of 2,098.4 metres) were drilled in two areas. A preliminary evaluation of the program is
summarized below, with further analysis planned.
President Joe Kizis commented,
"Highland is a large property with multiple "hot spots" of high-grade
gold at surface in the upper portion of a large low-sulfidation-type gold/silver system where
undiscovered high-grade vein deposits may be preserved in their entirety. A recent example is
Hecla's discovery in December 2020 of the Green Racer deposit beneath barren sinter on their Midas
property, a Nevada mining operation placed in production 23 years ago."
All four holes in the Western Vein zone returned 1.5 to 9.1 metre intercepts of +0.3 grams per tonne (g/t)
gold and anomalous silver within wider zones of anomalous gold values (See HL21-01 through HL21-04
in the attached tables below, compiled by the Company). Bravada has arranged for several of the vein
zones to be re-assayed for gold and silver by preparing a new, 500-gram pulp from rejects to evaluate
the possibility of particulate gold issues in the vein zones, which has previously been observed on the
property.
Vein mineralogy and textures along with very low concentrations of base metals suggest the intercepts
are from shallow levels of the hydrothermal system, likely above any extensive zones of high-grade gold.
Hole HL21-2 is north of a post-mineral fault that has down-dropped and offset the main vein zone to the
west and may have intersected that zone in the 7.6m interval of 0.425g/t Au and 45.0g/t Ag. A 2006 drill
hole, HL-8, is located approximately 400m to the NW along projected strike and may be the further
extension of the main vein zone. HL-8 (previously reported) intersected several vein zones including
1.5m of 1.8g/t Au and 74g/t Ag and 7.6m of 0.4g/t Au and 17g/t Ag. Only two other shallow holes have
been drilled in this overburden-covered area and both intersected similar gold values in similar shallow-
level quartz/carbonate vein material.
Three holes were drilled in the eastern portion of the property, one on the Big Hammer target (HL21-07)
and two farther east (HL21-05 & HL21-06) that tested faults identified by CSAMT geophysics beneath
extensive sinter and overburden. Low concentrations of anomalous gold and arsenic were encountered
at shallow depths in the two eastern-most holes, but concentrations returned to background levels above
the targeted fault intersections. The hole at Big Hammer did intersect a narrow zone of +0.3g/t gold and
widespread anomalous arsenic, but very little quartz veining. The data will be reviewed in greater detail,
but it is consistent with extensive lateral flow in this shallow level of the hydrothermal system.
Recent mapping and new gravity geophysics has not yet been evaluated in detail; however, detailed
mapping at the Geyser Target has refined the presence of a well-preserved paleo-geyser conduit and
surrounding near-vent facies of sinter at the intersection of a NW-trending graben/fault zone and the
southern E-W trending Desotoya Caldera margin. The poorly exposed, NW-trending Cabin vein system
was also refined, with additional sampling confirming strongly anomalous, multi-gram gold values.
Highland Project 2021 Drilling
HoleID
Easting
Northing
Azumith
Dip
Total Depth (ft)
Total Depth (m)
HL21-01
432,854
4,332,762
200
-53
750
228.6
HL21-02
432,854
4,332,765
240
-50
1005
306.3
HL21-03
432,904
4,332,887
204
-53
895
272.8
HL21-04
432,984
4,332,704
235
-56
1000
304.8
HL21-05
436,286
4,334,153
60
-45
1205
367.3
HL21-06
436,283
4,334,150
138
-55
825
251.4
HL21-07
435,674
4,333,416
20
-45
1205
367.3
NAD 1983 Zone 11
6,885.0
2,098.4
Highland Project 2021 Drilling - Intercepts greater than 0.3g/t Au
HoleID
ft-From
ft-To
ft-Interval
m-From
m-To
m-
Interval
Au_ppm
Ag_ppm
Cu_ppm
Pb_ppm
Zn_ppm
As_ppm
HL21-01
395
400
5
120.4
121.9
1.52
0.350
11.3
8
4
11
24
450
480
30
137.2
146.3
9.14
0.429
13.8
19
9
40
67
610
615
5
185.9
187.4
1.52
0.317
6.2
16
9
47
38
HL21-02
190
195
5
57.9
59.4
1.52
1.400
1.7
18
11
66
48
295
300
5
89.9
91.4
1.52
0.331
8.7
15
7
48
39
370
375
5
112.8
114.3
1.52
0.375
7.1
17
11
74
82
585
590
5
178.3
179.8
1.52
0.329
21.2
13
11
25
40
740
765
25
225.5
233.2
7.62
0.425
45.0
11
9
36
36
935
940
5
285.0
286.5
1.52
0.702
5.3
11
14
51
52
HL21-03
85
90
5
25.9
27.4
1.52
0.336
1.7
21
13
66
87
810
815
5
246.9
248.4
1.52
0.690
17.7
10
12
41
35
HL21-04
390
400
10
118.9
121.9
3.05
0.623
23.6
14
7
25
30
580
585
5
176.8
178.3
1.52
0.534
39.7
18
9
37
34
HL21-07
155
160
5
47.2
48.8
1.52
0.375
1.1
9
16
29
74
1) Anomalous values less than 0.3g/t Au are common around reported values, but only 0.3g/t Au & greater values reported here.
2) R.C. drilling with entire sample crushed & puverized to create a ~250-gram pulp with 30-gm FA/AAS for Au & ICP for Ag & other metals.
3) True thicknesses uncertain.
4) Rounding errors converting from footages explain conflicts in intervals for metric intervals.
5) Drill QA/QC program conducted by Headwater Gold as part of earn-in and provided to Bravada, which was reviewed in detail & determined to be
acceptable by J. Kizis, QP for Bravada.
6) Intercepts compiled by J. Kizis for Bravada.
In other news,
a modification to the Company's permit has been submitted for an additional five drill
sites at the Feeder Target on Bravada's
Wind Mountain project
. The additional sites will allow for
deeper drilling on the northeast-trending vein zone that was discovered beneath overburden and mine
waste material during the Company's drilling in December 2020 and was traced for 300m along strike
beneath cover during a limited 2021 drilling program. The new sites will allow drilling to test deeper
along approximately 400m of strike length of the vein zone.
President Joe Kizis commented,
"Geologic modeling indicates the vein zone lies along a major pre-
mineral fault that juxtaposes Tertiary-age volcanic rocks and sediments on the northwest against
impermeable metamorphic basement rocks on the southeast, a favorable setting that may have
focused hydrothermal fluid flow to develop high-grade gold mineralization."
About Highland
The Highland low-sulfidation-type project consists of 192 Federal lode claims for a total of approximately
1,500 hectares and is located along the Walker Lane Gold trend. Previous drilling by Bravada's US
subsidiary intersected vein zones with locally high-grade intercepts; the Company's best hole, H02013,
intersected
1.5 meters (m) of 66.9 grams of gold per ton (g/t) and 397.7g/t silver within a 12.2m
intercept of 9.5g/t gold and 109.4g/t silver,
with true thicknesses estimated at 65% of the intervals. A
thin layer of alluvial gravel covers much of the property and several targets have been identified that have
not been previously tested with drilling.
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. 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 810 claims for approximately
6,500 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
https://bravadagold.com/projects/project-videos/
.
Joseph Anthony Kizis, Jr. (AIPG CPG-11513) 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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