more drilling results
- Press Release
- Source: Bravo Venture Group Inc.
- On Tuesday October 6, 2009, 11:11 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG - News; FRANKFURT:B6I - News)reported today that it has intersected Bonanza-grade gold and silvermineralization in a second hole at the Homestake Silver zone andcontinued to return strongly anomalous gold assays in drill holes atthe Main Homestake zone on its 100 percent owned Homestake RidgeProject located in NW British Columbia.
Homestake Silver zone
Thecompany said that drill hole HR09-146 intersected a 0.7 metre intervalaveraging 49.0g/t gold and 9027g/t silver within a 3.6 metre intervalof higher-grade averaging 10.6g/t gold and 1689.6g/t silver which formpart of an overall 22.6 metre interval averaging 2.1g/t gold and294.3g/t silver. This mineralized intercept is an approximately 70metre lateral and down-dip offset from previously reported high-grademineralization in hole HR09-137 (4.1 metres of 6.9g/t gold and 193.5g/tsilver) and represents the expansion of this newly identifiedgold-enriched area of mineralization within the Homestake Silver zone.Additional portions of drill hole HR09-146, both above and below thereported intercept, are strongly silicified with associated sulphides,mainly pyrite. Assays from these intervals are pending.
Thecompany also reported that additional assays from drill hole HR09-137have expanded an earlier reported mineralized interval (see NR-22-09)to 26.8 metres grading 1.4g/t gold and 51.3g/t silver and haveidentified a deeper silver-enriched interval which returned 3.5 metresgrading 0.25g/t gold and 162.9g/t silver. All intervals are reported asestimated true thickness.
The company continues to aggressivelydrill-test the Homestake Silver zone. Eight holes have now beencompleted to target depth and up to 2000 additional metres of drillingare planned for the remainder of the season.
Main Homestake zone
Assayshave been received from two drill holes at the northwestern margin ofthe Main Homestake zone and two drill holes that tested base-metal richmineralization deeper in the deposit. Higher-grade assays of 9.2g/tgold over a 1.1 metre interval and 5.0g/t gold over a 1.5 metreinterval were returned from drill hole HR09-129, which extended thisportion of the deposit 75 metres to the northwest of the depositboundary delineated by 2008 drilling.
Drilling in thenortheastern part of the deposit returned a 23.8 metre intervalaveraging 1.7g/t gold and 1.5g/t silver from drill hole HR09-143 and a0.9 metre interval grading 11.4g/t gold and 15.2g/t silver fromHR09-141. Mineralization in both of these holes is spatially associatedwith higher than average copper values in the form ofchlorite-pyrite-quartz stockworks with locally semi-massive to massivechalcopyrite. Individual veins vary from several to +10 centimetres inthickness and return greater than 1% copper over 0.4 to 0.9 metreintervals. Similarly, a single +10 centimetre thick sphalerite-galenavein, when averaged over a 0.42 metre interval, returned 15.0% lead,18.1% zinc and 1.1% copper. These holes offset mineralization fromdrill holes HR06-41 and HR07-51 and provide further definition to thedistribution of mineralization in the lower parts of the deposit.
Thecompany said it has now completed 34 holes (seven of which were lostprior to target depth) for approximately 8500 metres in the 2009program and is awaiting assays for 20 holes. Ten holes have beendrilled in Homestake Silver zone (two lost), 20 holes in the MainHomestake zone and four holes tested other targets on the claim group.An updated long section of the 2009 drill plan and a full compilationof the 2009 assay summaries are available on Bravo's website atwww.bravoventuregroup.com.
Compilation of surface mapping andrecently acquired airborne geophysical data has identified severalsignificant targets through the central and northern part of theproperty, with drill testing of one or more of these targets plannedfor this latest phase of drilling, in addition to further drillingplanned for the Homestake Silver zone.
President Joe Kiziscommented, "The discovery of bonanza-grade gold and silver at theessentially 'blind' Homestake Silver zone was the result of goodprospecting and persistence by our geologic staff and consultants overthe past few years. We have always believed that deposits such as theMain Homestake discovery occur in groups and that assimilation ofgeologic data and persistence would reward us with additionaldiscoveries. Recognition of the strong correlation of goldmineralization with potassic alteration suggested to us thatradiometric geophysics could identify new target areas. Results of thatsurvey define the Main Homestake zone surprisingly accurately, andsuggest that our previous drilling at the Homestake Silver zone testedonly the northern margin of a large region of potassic alteration withsizeable on-strike potential. There are other similar anomalies on theproperty, and they are being field checked at this time. We intend todrill one of these targets this season, the North Dome, where astrongly bleached felsic volcanic dome contains strong veining bypyrite."
To view Table 1, please click the following link: https://media3.marketwire.com/docs/bvg1006.pdf