Nov 23 2010
Bravo Gold Corp. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that it continues to extend mineralization at the Homestake Silver deposit, located on its 100 percent owned Homestake Ridge Project in NW British Columbia.
The company provided results on an additional four drill holes from the 2010 exploration program, including HR10-199, which returned a 45.5 metre interval averaging 2.1g/t gold and 16.5g/t silver, including a 2.1 metre interval averaging 7.9g/t gold with 52.8g/t silver and a 4.4 metre interval averaging 3.4g/t gold with 38.5g/t silver. Hole HR10-199 was cored 60 metres up-section from high- grade mineralization in drill hole HR09-165 (24 metres grading 12.1g/t gold) and effectively fills a gap in the deposit outlined by the 2009 drilling. All intervals are reported as estimated true thickness.
High-grade gold-silver mineralization from drill hole HR10-203 includes a 2.5 metre interval of 0.9g/t gold and 484.9g/t silver, which extends up-dip from mineralization first reported in drill hole HR10- 198 (9.6m grading 5.9g/t gold and 6.0g/t silver) and continues to define coherent gold and silver enriched mineralization in the upper volcanic stratigraphy.
Bravo also reported that hole HR10-200 from the Fox Reef zone has returned narrow, but high-grade and silver-enriched, copper-lead-zinc mineralization including 0.7 metres (down hole thickness) averaging 0.7g/t gold, 64.4g/t silver, 1.9% copper, 12.5% zinc and 5.3% lead, which extends mineralization an additional 70 metres down-dip and along strike to the northwest from hole HR10-183 in this newly discovered zone of mineralization.
Assays are pending for 11 holes that offset mineralization and could further expand the mineral resources of the Homestake Silver deposit and the Fox Reef zone.
Bravo has now completed the 2010 drilling program at the Homestake Ridge Project. All drill core from the 2010 program has been moved to warehouse facilities in Prince Rupert, where logging and sampling of the remaining drill holes continues. A total of 48 core holes have been drilled on the property for approximately 17,924 metres during this year's program. Assays from 15 of these drill holes are pending. Twenty-six drill holes totaling 11,972 metres tested the Homestake Silver deposit while twenty-two drill holes totaling 5,952 metres were completed in six other targets on the property.
Robert Macdonald (P.Geo) is the Qualified Person as defined by National Instrument 43-101 for the Homestake Ridge project and has reviewed and approved the technical contents of this release.
Source: Bravo Gold Corp.