Bravo Announces Mobilization into Homestake Ridge
VANCOUVER, BRITISH COLUMBIA, Jul 7, 2008 (Marketwire via COMTEX News Network) --
Bravo Venture Group Inc. ("Bravo") (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that field crews have mobilized to the Alice Arm camp in preparation for the start of drilling at its wholly owned Homestake Ridge Au-Ag-Cu deposit located 32km southeast of Stewart, within the "Eskay Creek" region of northwestern British Columbia.
Bravo plans an aggressive $3.5 million drilling program consisting of approximately 7,500 metres in up to 30 drill holes. Up to 15 drill holes will test extensions of the Main Homestake zone to demonstrate the continuity of higher grade mineralization throughout the deposit and to explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization. Two drill rigs have been mobilized to the project and both are scheduled to start drilling on the Main Homestake zone by mid-July.
In addition to the Main Homestake zone, other targets have been identified along the equivalent stratigraphic horizon for over 3,000 metres of strike length and highlight the district-scale mineral potential of the property. The Homestake Silver zone and the Vanguard Gold zone each returned encouraging results from initial drilling during 2007 and both will be further tested with a third drill rig starting in early August. Several other attractive targets have been identified throughout the property, including the Vanguard Copper zone, where historical sampling returned high-grade copper and silver values from surface exposures in altered volcanic rock. An initial drill test of this zone is planned during the 2008 season.
Bravo anticipates an approximate 70-day field season, which should conclude in early October.