Bravada Receives Payments For Sale Of Wind Mountain Deposit

 

VANCOUVER, BC - Bravada Gold Corporation has received the initial cash and stock payments from Mantra Capital Inc. for the sale of the Wind Mountain gold/silver property in Nevada. The sale price consists of staged payments totaling approximately Cd$5.2 million.

President Joe Kizis said, "With the transaction with Mantra now behind us, Bravada will continue its core business of exploring its remaining mineral properties in mining-friendly Nevada. There has been renewed interest in Nevada properties from potential joint-venture partners recently, and the Company is discussing possible partnerships for many of the Company's 13 current properties, several of which have drill targets already delineated from our work to date.

"With future cash flow from the sale of Wind Mountain and potential royalty payments from the Shoshone Pediment barite deposit, Bravada is in a strong position to make major new discoveries on our critically selected land positions in Nevada's most prolific gold trends."