Bravada Options Nevada Property to NuLegacy
VANCOUVER, BC - Bravada Gold Corp. that its wholly owned US subsidiary, Bravo Alaska Inc., has signed an agreement with NuLegacy Gold Corporation, whereby NuLegacy can earn a 70% interest in Bravada's HO Property within the Battle Mountain-Eureka Gold trend in north-central Nevada. The property is located between the Cortez Hills and Tonkin Springs 'Carlin-type' gold mines and is approximately two kilometers to the north of NuLegacy's Red Hill property, where drilling has intersected encouraging gold mineralization.
NuLegacy will issue to Bravo Alaska Inc. 50,000 shares and spend US$1,500,000 in property expenditures over the next five years to earn its 70% interest. NuLegacy has conducted a CSAMT geophysical survey over the property and may test any attractive targets with drilling later in the year.
President Joe Kizis said, "This agreement continues our policy of joint-venturing our smaller properties to qualified groups that have a superior land or geologic position, benefiting both parties. HO has an attractive 'address' and the nearby Carlin-type gold intercept at Red Hill demonstrates that good grades are possible in favorable Lower Plate rocks."
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 gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. Bravo Gold Corp. is the major shareholder of Bravada.
NuLegacy Gold Corporation is a private Nevada-focused gold exploration company. The company's objective is the discovery of a significant multimillion-ounce gold deposit in Nevada utilizing highly focused exploration programs employing sophisticated techniques for targeting the follow-up drilling to previous exploration programs.
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5.