Bravo Expands Silver Zone at Homestake Ridge
Bravo Expands Silver Zone at Homestake Ridge
(BVG.V ~ BVGIF)
12:56 pm EST, Thursday November 5, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG - OTC:BVGIF; FRANKFURT:B6I - News; the "Company" or "Bravo") reports today that additional results from the Homestake Silver zone continue to expand the on-strike and down-dip projection of higher-grade gold and silver mineralization on its 100 percent owned Homestake Ridge Project located in NW British Columbia.
Homestake Silver zone
The Company reports lateral and down-dip testing of the primary target vein returned a 2.1 metre interval averaging 7.0g/t gold and 835g/t silver from drill hole HR09-156 and a 1.2 metre interval averaging 5.2g/t gold and 209g/t silver within a 4.07 metre interval of 2.1g/t gold and 95.7g/t silver from drill hole HR09-150. These most recent results are direct offsets from previously reported intervals in drill holes HR09-146 (3.6 metres of 10.6g/t gold and 1689g/t silver) and HR09-137 (4.2 metres of 6.9g/t gold and 193.5g/t silver) that define a 180 metre strike-length and 120 metre down-dip projection of the primary vein. Mineralization is open along strike and down-dip.
The Company also reports that additional assays from veins in the footwall and hangingwall of the primary high-grade structure have been received. These assays include 1.1 metres averaging 3.7g/t gold and 289g/t silver from drill hole HR09-146, 0.6 metres averaging 4.1g/t gold and 332g/t silver from drill hole HR09-137 and 1.6 metres averaging 1.25g/t gold and 278 g/t silver from drill hole HR09-150.
Higher-grade silver mineralization was also identified in HR09-153 which returned a 2.4 metre interval averaging 177.5g/t silver in an intercept located over 200 metres to the southeast from drill hole HR09-137 and a 1.5 metre interval averaging 605.7g/t silver from hole HR09-132 located in the intervening area between the Homestake Silver and the Main Homestake zones. The relationship of these intercepts and the primary high-grade structure is uncertain at this time. Additional veins occur in drill holes HR09-153 and HR09-156 above and below the reported high-grade intercepts. Assays from these intervals are pending and may help develop continuity between vein intercepts peripheral to the main higher-grade structure. All intervals are reported as estimated true thickness.
The Company continues to aggressively drill-test the Homestake Silver zone, maintaining a nominal 100 metre spacing between adjacent holes. Fourteen drill holes have now been completed to target depth on this zone. A total of 44 holes have been drilled on the property in 2009 for over 12,500 metres. Assays from 21 holes are pending. Two additional holes are in progress. Up to 2000 metres of drilling in six drill holes is planned for the remainder of the 2009 exploration program including a single hole targeting a separate and previously untested geophysical and geochemical anomaly located on the eastern slopes of the Kitsault Valley, approximately 1000 metres to the east of the Main Homestake zone.
An updated long section of the 2009 drill plan and a full compilation of the 2009 assay summaries are available on Bravo's website at bravoventuregroup.com.
To view Table 1 please click on the following link:
https://media3.marketwire.com/docs/BVG1105.pdf
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced "Plan of Arrangement", Bravada Gold Corp. will focus on exploring Bravo's extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr.
Director, President, Bravo Venture Group Inc.
Dan 