Bravo Extends Main Homestake Zone Down-Dip and to the Southeast
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - Jan. 5, 2009) - Bravo Venture Group Inc. (TSXVENTURE:BVG)(FRANKFURT:B6I) reported today that new assays from theMain Homestake zone on its 100 percent owned Homestake Ridge project inNW British Columbia continue to extend mineralization both down dip andto the southeast of the main mineralized zone.
Significant intercepts include a 2.2 metre interval (estimated truethickness) grading 10.3g/t Au and 56.4g/t Ag including a 0.8 metreinterval grading 21.4g/t Au from HR08-105 and a 2.7 metre intervalgrading 18.8g/t Au and 6.6g/t Ag from HR08-114. The mineralization inhole HR08-114 is an approximate 100 metre lateral offset to thesoutheast on the 900 metre level from drill hole HR06-26 (1.3m of10.8g/t Au) which previously formed part of the southeast margin of thedeposit. A silver-rich interval, sitting above the higher grade goldintercept returned 1.9 metres of 1.6g/t Au and 322.4g/t Ag. Theseresults and highly anomalous silver values from the upper part of drillhole HR08-108 continue to demonstrate continuity within this part ofthe hangingwall silver horizon. A significant portion of the MainHomestake zone remains open to the southeast for future drill testing.
The company also reported that assays from drill hole HR08-116returned a 5.5 metre interval averaging 5.4g/t Au and 3.8g/t Ag whichincludes a 1.6 metre interval averaging 11.5g/t Au. Hole HR08-116 is anapproximate 30 metre lateral offset down dip and to the southeast ofthe previously reported drill hole HR06-27 (4.85m of 25.3g/t Au) andcontinues to demonstrate continuity of mineralization.
Table I: Summaries of New Assays from the Homestake Ridge Project
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Est.
Collar Data True
-------------------- Inter- Thick-
AZ DIP Depth From To val ness Au Ag
Hole No. Deg Deg (m) m m m m g/t g/t
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HR08-105 258.9 -64.0 221.6 122.6 136.0 13.5 9.6 3.0 14.5
inc. 131.8 134.9 3.1 2.2 10.3 56.4
and 133.8 134.9 1.1 0.8 21.4 144.0
and 160.3 168.3 8.0 5.7 0.7 3.2
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HR08-108 209.9 -53.0 297.8 48.47 51.48 3.01 2.86 0.34 49.34
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HR08-114 190.9 -57.0 273.4 45.8 56.3 10.5 9.3 0.5 111.7
inc. 52.9 55.1 2.2 1.9 1.6 322.4
and 128.8 131.8 3.0 2.7 18.8 6.6
inc. 128.8 129.8 1.0 0.9 55.0 12.5
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HR08-116 243.9 -65.0 328.3 187.0 193.3 6.3 5.5 5.4 3.8
inc. 191.5 193.3 1.8 1.6 11.5 2.5
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Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver, BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.
Bravo reports that assays have now been received from 32 of 35drill holes from the Main Homestake zone. Additional assays are pendingfrom the remaining three drill holes at the Main Homestake zone, one ofthree drillholes from the Homestake Silver zone and two holes each fromthe Vanguard Gold and Vanguard Copper zones.
About Homestake Ridge
The property consists of Mineral Title claims and Crown Grantclaims in which a 100% interest was earned by Bravo from Teck Comincoand a private Optionor, respectively. There is a 2% NSR royalty infavour of Teck Cominco and on other portions of the located mineralclaims there is a 2% NSR royalty in favour of the original Optionor.Bravo has the right to purchase 1% of the Teck Cominco royalty for $1million and 1% of the original Optionor's royalty for $1 million. TheCrown Granted mineral claims also are subject to a 2% NSR royalty.
In March 2007 Bravo announced an Inferred Resource estimate at theMain Homestake zone of 903,231 ounces of gold and 5,745,746 ounces ofsilver contained within 11.9 million tonnes with an average grade of2.36g/t Au and 15.0g/t Ag using a cut-off grade of 0.5g/t gold (seeNR-04-07). (1) The deposit remains open down dip and along strike tothe southeast and northwest. A long section showing the location ofcompleted drill holes on the Homestake Main zone has been posted on thecompany's website
www.bravoventuregroup.com.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and basemetal-rich projects within North America, currently with properties inNevada, Alaska, and British Columbia. The company has extensiveholdings strategically located within the Battle Mountain/Eureka"Cortez" gold trend in Nevada. The Woewodski Island project insoutheast Alaska hosts both precious and base metal-rich massivesulphides and gold-rich orogenic quartz veins. The Homestake Ridgeproject is a gold-rich epithermal/VMS-related vein system within EskayCreek/Silbak-Premier stratigraphy.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
(1) An 'Inferred Mineral Resource' is that part of a MineralResource for which quantity and grade or quality can be estimated onthe basis of geological evidence and limited sampling and reasonablyassumed, but not verified, geological and grade continuity. Theestimate is based on limited information and sampling gathered throughappropriate techniques from locations such as outcrops, trenches, pits,workings and drill holes. Due to the uncertainty which may attach toInferred Mineral Resources, it cannot be assumed that all or any partof an Inferred Mineral Resource will be upgraded to an Indicated orMeasured Mineral Resource as a result of continued exploration.Confidence in the estimate is insufficient to allow the meaningfulapplication of technical and economic parameters or to enable anevaluation of economic viability worthy of public disclosure. InferredMineral Resources must be excluded from estimates forming the basis offeasibility or other economic studies (43-101CP, CIM, 2001).
We seek safe harbor.
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of the contents of this news release, which has been preparedby management.