Bravada Begins Core Drilling at East Manhattan in Nevada
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/19/11 -- Bravada Gold Corporation (TSX VENTURE: BVG)(FRANKFURT: 6BG) reported today that it has begun core drilling at its wholly owned East Manhattan low-sulfidation gold/silver project. The program is expected to consist of five core holes, approximately 1000 metres in total, and will offset encouraging intercepts of gold in the Company's previously drilled reverse-circulation holes. The project consists of 84 claims (approx. 680 hectares) and is one of the Company's 22 Nevada properties (approx. 20,000 hectares) located along productive gold trends. East Manhattan is located in Nevada's Nye County at the eastern edge of the Manhattan Mining district, approximately 19km southeast of the giant low-sulfidation Round Mountain Gold mine.
The first hole at East Manhattan is an offset approximately 61 metres down dip of two significant intervals contained in hole EM08010, an estimated true thicknesses of 11.25m of 2.868g/t Au at 91.4m depth followed by 11.25m of 0.805g/t Au at 118.9m depth. Other holes are planned to offset other previously drilled mineralized intercepts by similar distances down dip and along strike. Mineralization occurs in an easterly trending vein zone more than 1000m along strike and approximately 250m wide at surface. Veins are branch-like in cross section, with the northerly veins dipping south and the southerly veins dipping north. An attractive target will be where the vein sets intersect, and where veins cut the unconformity between vein-hosting Tertiary felsic volcanic rocks and underlying metamorphosed Paleozoic sediments.
In other news, NuLegacy Gold Corporation notified Bravada that it is terminating its exploration agreement with Bravada for the HO property, located along the Battle Mountain-Eureka Gold trend. NuLegacy completed three lines of CSAMT geophysics, which Bravada will evaluate in detail.
To view accompanying map, click on the following link: http://media3.marketwire.com/docs/BVAproperties.jpg
About Bravada Gold Corporation
Bravada Gold Corporation is a member of the Manex Resource Group of companies with an exploration office in Reno, Nevada from which it is exploring its extensive Carlin-type and low-sulfidation-type gold holdings strategically located within the numerous productive gold trend in Nevada. The Company has several projects available for joint venture with qualified groups.
Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors of Bravada Gold Corporation
Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation
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.
To view accompanying map, click on the following link: http://media3.marketwire.com/docs/BVAproperties.jpg
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.
Contacts:
Bravada Gold Corporation
Liana Shahinian
604.641.2773 or toll free: 1.888.456.1112
liana@mnxltd.com
www.bravadagold.com