Bravo Drills 29.6 Metres of 2.7g/t Gold at Homestake Ridge
VANCOUVER, BC - Bravo Gold Corp. reported that final 2010 drilling results have been received from its 100 per cent owned Homestake Ridge Project, located in northwestern British Columbia.
Highlights from these remaining core drill holes at the Homestake Silver deposit include (all values are reported as estimated true thickness): a 29.6 metre interval averaging 2.7g/t gold and 5.6g/t silver, which includes a 3.6 metre interval averaging 5.3g/t gold and 25.5g/t silver in hole HR10-214, and a 33.7 metre interval averaging 1.2g/t gold and 45.7g/t silver, which includes a 2.6 metre interval averaging 5.0g/t gold and 198.3g/t silver in hole HR10-213.
Holes HR10-213 and -214 were drilled up-dip and down-dip respectively of previously reported mineralization in HR10-199 (45.5 metres grading 2.1g/t gold and 16.5g/t silver) and HR09-165 (24 metres grading 12.1g/t gold) and similarly define broad intervals of strongly anomalous gold mineralization. The company also reported that drilling at the Fox Reef zone continues to return silver-enriched lead-zinc mineralization including 0.6 metres averaging 0.3g/t gold, 10g/t silver and 0.7% lead and 3.6% zinc from drill hole HR10-202. Several other holes that tested the Fox Reef zone contain anomalous mineralization averaging +0.1g/t gold over +100 metre intervals with locally narrower intervals of more strongly enriched precious metals. The company reported that the 2010 exploration program was successful in: significantly expanding the overall "footprint" of the Homestake Silver deposit which now measures 620 metres strike and 480 metres down-dip. The deposit can be traced northwest to within 200 metres of the southeast extent of the Main Homestake deposit. The Homestake Silver deposit remains open down-dip and on strike to the northwest. providing better internal definition of the deposit geometry. Preliminary modeling the deposit (at a 2g/t cut-off), now including the 2010 data, has defined a minimum of 12 sub-vertical, en-echelon lenses and splays. providing better definition of the distribution of gold and silver within the Homestake Silver deposit and the identification of a new higher-grade lens of mineralization on the northwestern margin of the deposit and centered around drill hole HR10-198 (9.6 metres grading 5.9g/t gold and 6.0g/t silver). identifying additional exploration potential down-dip of silver-enriched veins to the northeast, in the hangingwall of the Homestake Silver deposit. Several of these veins, intersected in drill holes, contain up to 40g/t silver and strongly anomalous pathfinders elements (arsenic- antimony) and lie too far to the east of the known deposit, suggesting the veins may grade downward into another deposit. Similar metal values were identified in the early stages of exploration above the Homestake Silver deposit. showing continued exploration potential in a parallel structure at the Fox Reef zone, located 600m to the southwest of the Homestake Silver deposit, in the North Dome area, in the area immediately northeast of the Homestake Silver deposit and several other targets identified through surface exploration following of the 2009 airborne geophysical anomalies. Results have now been reported from all 2010 drill holes on the Homestake Ridge Project, although minor in-fill sampling continues on weakly altered portions of some holes. Data from these holes has been incorporated into the geological model and an updated resource estimate is underway, optimizing for higher grade values. 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].