RE: PDAC Hole 87 Core Sample?This is the info sheet from the PDAC
Homestake Ridge Deposit, British Columbia
Bravo Venture Group Inc.
LOCATION: The Homestake Ridge Property is located 30 km southeast of
Stewart at the headwaters of the Kitsault River and comprises 2,725 hectares
within the Skeena Mining Division of northeast British Columbia.
STORY: Exploration activity in the Kitsault River Basin started in the early 1900’s
with claims first staked, on what is now the Homestake Property, in 1914.
Exploration has continued on the property to the present day. Bravo acquired an
option on the property in 2003 and since then has expended approximately $12.5
million on exploration and development work and has completed 27,034 m of
drilling in 120 core holes on the project. In 2008, Bravo completed its earn-in and
now retains 100% interest in the property.
Exploration from 2003 – 2008, focused on four target areas which are distributed
along a 4 km-long trend of prospective stratigraphy: the Main Homestake
deposit; the Homestake Silver zone; the Vanguard Gold zone; and Vanguard
Copper zone.
In March 2007, Bravo announced an Inferred Resource estimate at the Main
Homestake deposit of 903,231 Oz Au and 5,745,746 Oz Ag, contained within
11.9 Mt with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off
grade of 0.5 g/t Au. The deposit remains open down-dip and along strike to the
southeast and northwest. An update of this resource is pending for March 2009.
GEOLOGY: Over 80 separate mineral occurrences are located throughout the
property, which is underlain by Jurassic-aged Hazelton Group stratigraphy and
sits within a prolific metallogenic belt that includes past producing mines at Eskay
Creek, Silbak-Premier, Snip and Dolly Varden.
Current interpretations of the Main Homestake zone suggest a deposit that is
transitional between VMS and epithermal types, which occur as stacked siliceous
lenses comprising variable amounts of gold- and silver-rich, iron and base-metal
sulphides. The mineralization formed in an active extensional margin, within a
north-facing stratigraphy that down-step to the northeast, with higher-grade
feeders connecting the stratabound lenses.
DEPOSITS: Results from the 2008 drill program demonstrated a strong lateral
continuity of higher grade horizons within the deposit, confirmed the geometry of
the deposit and increased the overall grade with some of the highest grade
portions of the Main Homestake deposit remaining open to the northwest and
projecting into areas largely untested by drilling.
High-grade silver mineralization occurs at roughly the same stratigraphic interval
in both the Main Homestake deposit and the adjacent Homestake Silver zone.
This demonstrates the potential for not only a significant lateral extension of the
Hangingwall Silver zone toward southeast, but also of additional gold-enriched
targets underlying the silver mineralization in the lower parts of the stratigraphy.
Silver zones now exceeds 1,400 m.
DISPLAY: Representative drill core from 5 mineralized intervals within the Main
Homestake deposit, cross sections and maps to illustrate the deposits will be
displayed.