VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - Bravo Venture Group Inc.(TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that it has intersectedadditional Bonanza-grade gold and silver mineralization at the Homestake Silver zone and continued to return high-grade gold assays from definition drilling at the Main Homestake zone on its 100 percent owned Homestake Ridge Project located in NW British Columbia.
Homestake Silver zone
The Company reported that intial assays from drill hole HR09-161 intersected a "bonanza grade-intercept" averaging 51.9g/t gold and 2592g/t silver, 2.8% lead and 3.0% zinc over a 1.9 metre interval within a 4.8 metre interval averaging 25.9g/t gold and 1358g/t silver which is contained within a 7.0 metre interval averaging 18.2g/t gold and 946g/t silver.
Assaysfor only 27 samples have been received from hole HR09-161. Additionalportions of the hole, both above and below the reported intercept, arestrongly silicified with associated sulphides, including pyrite,sphalerite, galena and trace chalcopyrite. Assays from these intervalsare pending.
Hole HR09-161 has extended the easternprojection of the gold-rich, high-grade vein, first encountered inpreviously reported drill holes HR09-146 (3.6 metres of 10.6g/t gold and 1689g/t silver) and HR09-137 (4.1 metres of 6.9g/t gold and 193.5g/t silver)and has offset these holes 90 metres and 110 metres respectively. Threeadditional holes, which were drilled as part of the 2009 explorationprogram and for which assays are not yet available, have tested theprojection of the primary vein a further 175 metres to the east.Drilling at the Homestake Silverzone from2007-09 has now identified high-grade silver and gold mineralization,in sometimes multiple veins over a 350 metre strike-length.Mineralization is open down-dip along this full strike-length.
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In addition, the Company reported that newly received assays from drill hole HR09-156 have identified an adjacent silver-rich hangingwall vein, averaging 0.2g/t gold and 567.0g/t silver over 2.0 metres, which has now expanded the previously reported mineralized composite on the primary vein (see NR-31-09) to 11.7 metres averaging 1.3g/t gold and 335g/t silver. All intervals are reported as estimated true thickness.
Main Homestake zone
The Company also reported that drill hole HR09-154 intersected a 5.9 metre interval averaging 8.5g/t gold and 5.9g/t silver within a 47.5 metre interval of 1.8g/t gold and 1.8g/t silver. Thishole, which tested an approximate 30 metre lateral projection ofpreviously reported mineralization in drill holes HR08-120 (69.7 metresof 6.1g/t Au and 15.3g/t Ag) and HR09-152 (11.9 metres of 13.0g/t Auand 19.5g/t Ag), better defines the distribution of high-grademineralization within this horizon.
Homestake Ridge Project
Bravohas now completed the 2009 exploration program at the Homestake RidgeProject and crews are in the process of de-mobilization. A total of 48holes have been cored on the property for 13,436 metres during thisyear's program. Assays from 13 drill holes are pending.
Twenty-twoholes have been drilled in Homestake Silver zone (two lost), 22 holesin the Main Homestake zone (four lost), and six holes tested othertargets on the claim group (one lost). An updated long section of the2009 drill plan and a full compilation of the 2009 assay summaries areavailable on Bravo's website at bravoventuregroup.com.
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About Bravo Venture Group Inc.
BravoVenture Group Inc. is focused on exploring its precious and basemetal-rich Homestake Ridge project in British Columbia, a gold-richepithermal/VMS-related system within Eskay Creek/Silbak-Premierstratigraphy. Pursuant to the recently announced "Plan of Arrangement",Bravada Gold Corp. will focus on exploring Bravo's extensiveCarlin-type gold holdings strategically located within the BattleMountain/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."
Joseph A. Kizis Jr., Director, President,
Bravo Venture Group Inc.