Bravo Venture to expand Homestake drill program 2009-09-25 12:07 ET - News Release Mr. Joseph Kizis reports BRAVO TO EXPAND HOMESTAKE DRILLING Bravo Venture Group Inc. is planning to expand the current 2009 season 8,500-metre, $5.0-million drill program at its 100-per-cent-owned Homestake Ridge project in Northwest British Columbia. Bravo said it plans to add approximately 2,000 metres to test several newly identified targets along a four-kilometre strike length of altered and favourable host rock with mineral showings. The additional drilling is projected to cost approximately $1.0-million. The company said it has now completed 31 holes (seven of which were lost prior to target depth) for 7,600 metres in the 2009 program and is awaiting assays for 18 holes. Total exploration to date of approximately 35,000 metres has resulted in discovery of two significant zones of mineralization -- the Main Homestake zone and the Homestake Silver zone. The new airborne geophysics clearly identifies strong potassic anomalies associated with both areas of known mineralization and several significantly larger anomalies within the 27-square-kilometre project. Bravo president Joe Kizis said it is possible that the best targets at Homestake Ridge have yet to be tested. He noted that the anomalies associated with known zones of mineralization are smaller than other potassic-alteration anomalies of similar magnitude. "We have always felt that Homestake Ridge had district scale potential because these types of deposits rarely occur alone. The recently completed geophysics indicates that we may have just scratched the surface in exploration to date," he said. Further 2009 drill results, particularly samples of holes 141 and 143 on the Homestake Main zone and the remainder of hole 137 and holes 142 and 146 at the Homestake Silver zone, are in for assay and results will be reported as they are received, the company said. |