Bravo Reports Progress at Homestake Ridge
Bravo Venture Group Inc. reports today on exploration progress at its 100 percent owned Homestake Ridge Project located in NW British Columbia. The company said that nine drill holes have been completed to date for a total of 1480 metres. The initial three drill holes were abandoned short of the target due to drilling difficulties. These drill holes were repositioned and successfully re-drilled to target depth. The 2009 exploration program started with two drill rigs on the Main Homestake zone, which focused on delineating vertical and lateral extensions of high-grade mineralization encountered in drill hole HR08-87 (52.5 metres grading 21.0g/t Au and 11.6g/t Ag including 7.7 metres of 181.6g/t Au). Drilling with one rig will continue to test the northwest lateral extension of the Main Homestake zone for an additional +300 metres.
The second rig has now been moved to the southeast of the Main Homestake zone and has begun testing the 600 metre strike-length between the Main Homestake and Homestake Silver zones. Drilling during the 2008 season at the Homestake Silver zone returned high-grade values of up to 587g/t Ag and 1.0g/t Au over 3.5 metres from drill hole HR08-98. Soil geochemistry suggests the Homestake Silver zone is an extension of silver-rich, upper portions of the Main Homestake zone, where, for example, hole HR09-99 intersected 29.2 metres averaging 8.4g/t Au and 345.6g/t Ag including 9.4 metres of 24.9g/t Au and 1042.9g/t Ag.
The company also reports that a 630 line-kilometre AeroTEM III airborne geophysical survey has been completed over the property. Processing of the survey is currently underway and will provide detailed magnetic, EM and radiometric information to assist mapping and identification of possible additional targets on the property.
Bravo plans an aggressive +$5.0 million drilling program for the 2009 exploration season, consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October.
Woewodski Island
The company also reports that it has received drill results from its recent drilling program at the Woewodski Island project. The results were not encouraging, and the company has returned the property to its vendor.
In Other News
Bravo also said today the company has received $526,788 through the exercise of 1,524,377 share purchase warrants, up to August 12, 2009.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
