Bravada Begins Drilling at Signal Project in Nevada

VANCOUVER, BC - Bravada Gold Corporation reported that diamond drilling is now underway at its wholly-owned Signal property, located along the Battle Mountain-Eureka Gold trend in Nevada. The 1125 hectare Carlin-type gold project is located in the northwestern portion of the Eureka District, which includes Barrick Gold Corp's Ruby Hill mine six kilometres to the east of Signal.
Two core holes (approximately 1,200 metres total) are planned to test the intersection of a high-angle feeder fault with favourable Devonian "Lower Plate" carbonate host rocks projected from nearby outcrops. The feeder fault is related to a small, near-surface Carlin-type gold occurrence that was the subject of previous drilling by Bravada's principal shareholder, Bravo Gold Corporation.
President Joe Kizis said, "Relatively small Carlin-type occurrences, such as those already discovered at Signal, often represent leakage haloes around much larger gold deposits. This is particularly true in highly productive mining districts such as the Eureka district. Often the same feeder faults are responsible for both the leakage deposits and the much larger and more economically important deposits. In essence, this is a variation of 'head-frame' exploration that has been so successfully applied by the major mining companies near their existing mines, and we believe this reduces our risk in searching for new multi-million ounce Carlin-type gold deposits."
The company is also preparing the PH property for drilling that is planned for late July or August. The property lies immediately east of US Gold's Tonkin Springs property and northeast of Miranda's Red Hills gold property. Gold mineralization is exposed in prospective Lower Plate carbonates at PH, with assays of surface grab samples ranging from background to 3.39g/t Au.
Also planned for drilling this summer or early fall is the SF property, which is located east of the Eocene-age Carlin-type deposits in the Cortez mining district and east of the Miocene-age low-sulfidation epithermal-type deposit at the previously mined Buckhorn deposit.
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, (604) 684-9384, fax: (604) 688-4670, email: [email protected].