Bravada Reports East Manhattan Drill Results, Continued Drilling at Wind Mountain, Nevada
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/30/11 -- Bravada Gold Corporation (TSX VENTURE: BVA)(FRANKFURT: BRT) (the 'Company') today reported assays from the drilling program at its wholly owned East Manhattan low-sulfidation gold project. The recently completed five-hole (1,012m) core program tested two of several zones of gold veins on the approximately 680 hectare project, located at the eastern edge of Nevada's Manhattan Mining district, approximately 19km southeast of the giant low-sulfidation Round Mountain Gold mine.
The 2011 drill program successfully extended shallow portions of the main mineralized zone to 425m of strike length. Three of the holes offset the Company's best 2008 hole, EM08-010, which intersected a previously reported estimated true thickness 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. As shown in the following figure (to see figure click on: http://media3.marketwire.com/docs/ll.jpg) and table, hole EM11-015C tested approximately 200m to the east of EM08-010, while EM11-015C tested the down-dip extension of mineralization in a second vein zone, which also contained several encouraging intercepts in the 2008 drilling program. The zone projects another approximately 870m to the east under thin gravel cover and will be tested in potential future drill programs.
Metallic screen assays for holes EM11-016 and EM11-017 determined that coarse gold was significantly under-reported in some intervals, with the largest discrepancy doubling the grade of a 2.5m wide vein zone from 0.647g/t Au (original fire assay) to 1.327g/t Au (metallic screen assay). Metallic screen assays are planned for other significant intervals. A table comparing the original to metallic screen assays has been posted on Bravada's website. The grades of mineralization encountered during this core program are similar to those intersected during the 2008 reverse-circulation drilling program, indicating that less-expensive R.C. drilling is adequate to further test shallow portions of the property in potential subsequent drill programs.
President Joe Kizis commented, 'There remains good exploration potential at East Manhattan, both along strike to the east under shallow gravel and deeper at the unconformity between Tertiary felsic volcanic rocks and underlying metamorphosed Paleozoic sediments. Such unconformities often host the strongest mineralization in low-sulfidation gold deposits. Various geophysical methods may assist in further defining drill targets.'
Bravada also reported that reverse-circulation drilling is well advanced at its wholly-owned Wind Mountain Gold/Silver project, with 22 shallow holes (approximately 1,500m) completed to date as part of the Company's program of advancing the project through pre-feasibility and towards a potential return to production. These early holes are primarily exploration holes intended to expand the limits of open-pit mining.
In addition, compilation of voluminous amounts of historic data continues for the Quito Gold project, which is expected to be completed by mid-July. Modelling then will be conducted to choose initial drill sites for core drilling that is expected to begin at Quito in September.
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 (22 properties covering over 20,000 hectares) Carlin-type and low-sulfidation-type gold holdings strategically located within numerous productive gold trends in Nevada. The Company has several projects available for joint venture with qualified groups.
2011 East Manhattan Drill Intercepts Above 0.3g/t Au
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Est.
Inter- True
Orien- T.D. From To val Tknss Au Ag
Hole # tation (m) (m) (m) (m) (m) (g/t) (g/t)
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EM11-013C -70, 000 230.6 61.0 61.7 0.8 0.4 0.958 2.2
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182.9 185.9 3.0 1.7 0.621 3.3
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EM11-014C -90, 000 238.3 134.1 139.0 4.9 1.7 1.800 4.2
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227.1 232.2 5.1 1.9 0.243 4.4
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EM11-015C -45, 000 169.8 139.7 152.4 12.7 11.5 0.980 3.5
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EM11-016C -45, 320 169.8 72.6 74.7 2.1 1.4 0.970 4.2
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120.4 121.3 0.9 0.6 0.465 5.4
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EM11-017C -45, 040 206.4 39.6 41.1 1.5 1.0 0.690 1.4
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54.2 56.7 2.5 1.7 0.647 1.5
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60.6 61.6 1.0 0.7 0.398 0.7
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96.0 97.5 1.5 1.0 0.895 2.9
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105.2 106.7 1.5 1.0 0.436 1.5
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132.6 134.1 1.5 1.0 2.248 4.0
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Au by 30-gram fire assay, Ag by ICP, 500-gram pulp
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.
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