Bravo Drills 45.5 Metres of 2.1g/t Gold at Homestake Ridge
Mon Nov 22, 9:30 AM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2010) - Bravo Gold Corp. (TSX VENTURE:BVG.V; OTC:BVGIF)(FRANKFURT:B6I) reported today that it continues to extend mineralization at the Homestake Silver deposit, located on its 100 percent owned Homestake Ridge Project in NW British Columbia.
The company provided results on an additional four drill holes from the 2010 exploration program, including HR10-199, which returned a 45.5 metre interval averaging 2.1g/t gold and 16.5g/t silver, including a 2.1 metre interval averaging 7.9g/t gold with 52.8g/t silver and a 4.4 metre interval averaging 3.4g/t gold with 38.5g/t silver. Hole HR10-199 was cored 60 metres up-section from high- grade mineralization in drill hole HR09-165 (24 metres grading 12.1g/t gold) and effectively fills a gap in the deposit outlined by the 2009 drilling. All intervals are reported as estimated true thickness.
High-grade gold-silver mineralization from drill hole HR10-203 includes a 2.5 metre interval of 0.9g/t gold and 484.9g/t silver, which extends up-dip from mineralization first reported in drill hole HR10-198 (9.6m grading 5.9g/t gold and 6.0g/t silver) and continues to define coherent gold and silver enriched mineralization in the upper volcanic stratigraphy.
Bravo also reported that hole HR10-200 from the Fox Reef zone has returned narrow, but high-grade and silver-enriched, copper-lead-zinc mineralization including 0.7 metres (down hole thickness) averaging 0.7g/t gold, 64.4g/t silver, 1.9% copper, 12.5% zinc and 5.3% lead, which extends mineralization an additional 70 metres down-dip and along strike to the northwest from hole HR10-183 in this newly discovered zone of mineralization.
Assays are pending for 11 holes that offset mineralization and could further expand the mineral resources of the Homestake Silver deposit and the Fox Reef zone.
Bravo has now completed the 2010 drilling program at the Homestake Ridge Project. All drill core from the 2010 program has been moved to warehouse facilities in Prince Rupert, where logging and sampling of the remaining drill holes continues. A total of 48 core holes have been drilled on the property for approximately 17,924 metres during this year's program. Assays from 15 of these drill holes are pending. Twenty-six drill holes totaling 11,972 metres tested the Homestake Silver deposit while twenty-two drill holes totaling 5,952 metres were completed in six other targets on the property.
An updated long section of the 2010 drill plan and a full compilation of the 2010 assay summaries are available on Bravo's website at http://www.bravogoldcorp.com.
To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/bravo1122figure1.pdf.
Table 1: Select Assays from 2010 Drilling at the Homestake Silver Deposit
Collar Data Inter- Est.
Az Dip Depth From To val Tr. Au Ag
Hole # Deg Deg (m) (m) (m) (m) Thck (g/t) (g/t) Comments
----------------------------------------------------------------------------
HR10-199 232.0 -49.0 444.1 265.7 268.9 3.2 2.4 1.7 48.4
and 311.0 370.9 59.9 45.5 2.1 16.5
inc. 311.0 325.9 14.9 11.3 3.4 20.0
inc. 323.2 325.9 2.7 2.1 7.9 52.8
and 365.0 370.9 5.9 4.4 3.4 38.5
----------------------------------------------------------------------------
HR10-201 243.0 -46.0 438.0 30.0 31.1 1.1 0.8 0.0 326.5
and 265.8 272.9 7.2 5.3 1.8 41.96%
Dilution
at 0.5
g/t
cutoff
inc. 270.3 272.9 2.7 2.0 4.3 8.4
inc. 271.8 272.9 1.2 0.9 9.1 12.9
and 283.3 295.6 12.4 9.2 2.0 6.2 36%
Dilution
inc. 291.6 294.3 2.8 2.0 5.3 11.6
----------------------------------------------------------------------------
HR10-203 206.0 -47.0 422.8 183.9 187.2 3.4 2.6 0.1 188.1
inc. 183.9 184.3 0.4 0.3 0.2 1390.0
and 225.5 228.7 3.2 2.5 0.9 484.9
----------------------------------------------------------------------------
Fox Reef Zone:
----------------------------------------------------------------------------
Collar Data Inter- Est.
Az Dip Depth From To val Tr. Au Ag
Hole # Deg Deg (m) (m) (m) (m) Thck (g/t) (g/t) Comments
----------------------------------------------------------------------------
HR10-200 183.9 -51.0 319.1 202.1 204.2 2.1 0.4 22.4 1.68% Pb
4.5% Zn
inc. 202.1 202.8 0.7 0.7 64.4 1.9% Cu,
5.3% Pb,
12.5% Zn
and 237.0 237.6 0.7 0.7 38.1 2.54% Pb
4.87% Zn
----------------------------------------------------------------------------
Analyzed by FA-ES/AA for gold and ICP-MS by Acme Labs, Vancouver BC; Samples
greater than 10g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.
greater than 0.5g/t Au or 15g/t Ag cut-off used for compositing intervals,
less than 25% internal dilution unless otherwise indicated
About Bravo
Bravo Gold Corp. has a 100 percent interest in the Homestake Ridge project located in a prolific mineral belt in northwestern British Columbia. The project is being advanced as a potential high-grade underground mining operation with a current NI43-101 compliant indicated resource, at a 3.0 g/t AuEq. cut-off, of 191,000 ozs gold and 1,350,000 ozs silver plus an inferred resource of 348,000 ozs gold and 7,990,000 ozs silver (1). Two deposits have been indentified to date and multiple exploration targets remain to be tested on the large, 2585ha property. Bravo also holds a 34 percent interest in Bravada Gold Corp. (TSX VENTURE: BVA.V), which is exploring 13 projects in the Battle Mountain-Eureka Gold trend in Nevada.
Robert Macdonald (P.Geo) is the Qualified Person as defined by National Instrument 43-101 for the Homestake Ridge project and has reviewed and approved the technical contents of this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Gold Corp.
(1) The current estimate, as reported in NR-07-10, was prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) and carried out using a block model constrained by 3D wireframes of the mineralized zones. The block model comprised an array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, Cu, Pb, and Zn interpolated using Inverse Distance to the Third Power (ID(3)) weighting. At a 3.0g/t AuEq. cut-off, the model identified an indicated resource of 888,000 tonnes averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and an inferred resource of 2,340,000 tonnes averaging 4.6g/t Au, 105.5g/t Ag and 0.13% Cu.
Contacts
Liana Shahinian
Bravo Gold Corp.
1-888-456-1112 or 604-641-2773
liana@mnxltd.com
http://www.bravogoldcorp.com
http://ca.news.finance.yahoo.com/s/22112010/28/link-f-ccnmatthews-bravo-drills-45-5-metres-2-1g-t.html
