Bravo Extending Homestake Mineralization; Drills 9.6 Metres of 5.9g/t Gold
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/28/10 -- Bravo Gold Corp. (TSX VENTURE: BVG)(FRANKFURT: B6I) reported today that mineralization above a 3g/t gold equivalent cut-off is successfully being extended in multiple horizons at the Homestake Silver deposit on its 100 percent owned Homestake Ridge Project located in NW British Columbia.
The company provided results on a further 10 drill holes from the 2010 exploration program, including HR10-198, which returned a 0.6 metre interval averaging 56.3g/t gold and 48.3g/t silver within a broader 9.6 metre interval averaging 5.9g/t gold and 6.0g/t silver. Drill hole HR10-198, together with holes HR10-197 and HR10-192, define coherent gold-enriched mineralized horizons in the upper volcanic stratigraphy that extend the Homestake Silver deposit an additional 200 metres along strike and to the northwest of the 2009 drill-defined limits. Assays are pending for 14 holes that offset this mineralization, which could further expand the potential resources of this deposit.
To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/BravoFig.pdf
Drilling in the Fox Reef and Vanguard Copper zones returned thick intervals (greater than 100 metres) of strongly anomalous gold (greater than 0.1ppm), copper and pathfinder elements such as Mo and Bi, which may indicate proximity to large intrusion-related mineral systems, which remain viable targets for future exploration on the property.
Bravo has now completed the 2010 drilling program at the Homestake Ridge Project and crews are in the process of de-mobilization. A total of 48 core holes have been drilled on the property for approximately 17,924 metres during this year's program. Assays from 20 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 5952 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 www.bravogoldcorp.com.
Table 1: Select Assays from 2010 Drilling at the Homestake Silver Deposit
Homestake Ag Zone:
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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
---------------------------------------------------------------------------
HR10-188 213.0 -51.0 588.9 169.1 172.5 3.4 2.5 0.1 109.5 0.16% Pb
325.1 328.4 3.3 2.4 0.5 121.0 0.39% Pb,
536.4 559.6 23.2 17.4 1.3 3.8 0.19% Zn
inc. 548.5 555.2 6.7 5.0 2.3 9.7
---------------------------------------------------------------------------
HR10-192 217.0 -45.0 547.7 163.1 165.1 2.0 1.6 0.1 269.6 0.18% Zn
313.2 337.4 24.2 19.8 0.1 40.2
423.0 442.0 19.1 15.6 1.7 1.9
inc. 423.0 430.2 7.25 5.9 2.6 2.4
454.0 467.7 13.7 11.2 1.9 1.7
inc. 464.9 467.8 2.8 2.3 4.5 2.7
---------------------------------------------------------------------------
HR10-195 221.0 -45.0 460.5 NSV NSV
---------------------------------------------------------------------------
HR10-197 203.0 -49.0 441.1 296.5 303.7 7.2 5.3 2.1 6.2 34%
306.7 310.8 4.1 3.0 4.7 7.0 Dilution
inc. 308.2 309.7 1.5 1.1 9.9 8.0 at 0.5g/t
Aueq
cutoff
---------------------------------------------------------------------------
HR10-198 233.0 -52.0 453.2 281.6 285.8 4.2 3.0 0.2 45.2
318.5 331.8 13.3 9.6 5.9 6.0
inc. 318.5 323.3 4.8 3.5 11.8 10.6
318.5 319.3 0.8 0.6 56.3 48.3
Additional
Assays
pending
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Table 2: Select Assays from 2010 Drilling at the Fox Reef and Vanguard
Copper Zones
Fox Reef:
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
HR10-187 75.0 -45.0 203.3 NSV NSV
---------------------------------------------------------------------------
HR10-190 195.0 -60.0 227.7 121.1 123.1 2.0 1.8 3.1 Entire
hole
averages
0.15g/t
Au
---------------------------------------------------------------------------
HR10-191 180.0 -45.0 206.4 NSV NSV Entire
hole
averaged
0.16g/t
Au
---------------------------------------------------------------------------
Vanguard Cu 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
---------------------------------------------------------------------------
HR10-193 45.0 -45.0 264.3 NSV NSV Top to
184.4
averages
0.09g/t
Au
---------------------------------------------------------------------------
HR10-194 47.0 -45.0 279.5 NSV NSV Top to
160.75
averages
0.14g/t
Au
---------------------------------------------------------------------------
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 identified 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.V-BVA), 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.
We seek safe harbor.
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.
Contacts:
Bravo Gold Corp.
Liana Shahinian
1-888-456-1112 or 604-641-2773
liana@mnxltd.com
www.bravogoldcorp.com