East Manhattan Drill Results And Continued Drilling at Wind Mountain
VANCOUVER, BC - Bravada Gold Corporation 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. 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. 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 said, "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.