Coffin Brothers!This just came out:
Bravo Ventures (BVG-VB6I-F, BVGIFQbb;
.415) delivered more good results from Homestake Silver but has been unable to gain any traction from them. The latest round of drill results included the one of 7 metres of 18.2 g/t gold & 946 silver (23 ft of 0.53 oz/ton gold & 27.6 oz/ton silver) which included a 1.9 m section of 51.9 g/t gold & 2,592 g/t silver in hole 161. Just before this issue was completed BVG released additional assays from hole 161 that included a lower grade halo around the above intercept that expanded the intersection to 41.1 metres with and overall grade of 4 g/t gold and 176 g/t silver.
Importantly, the additional assays included two additional intercepts in the hole of 2.5 metre of 2.5 g/t gold and 28.2 g/t silver and 1.3 metres grading 12.3 g/t gold and 229 g/t silver respectively. While these are not large intercepts they are mining width and would added to an underground resource if follow up drilling indicates continuity. These are estimated true thickness rather than down-hole lengths. The more recently release also included results from hole 164, the deepest test of the system, which intersected 10 metres averaging 4.4 g/t gold and 31 g/t silver including a higher grade section of 1.2 metres grading 12.7 g/t gold, 96 g/t silver, 7% zinc and 7.3% lead. The significant lead-zinc component along with high precious metals in these two deepest holes suggests a strong vertical component to the metal zoning, not uncommon with epithermal systems.
The Homestake Silver zone now has a tested vertical extent of about 400 metres and on-strike length of 350 metres, and remains open to expansion. It will take many more holes before resource calculations are done on Silver, but there are enough high grade intercepts to indicate the first ones were not a fluke. This means Homestake Silver will not only be a significant addition to the number of project ounces, but also that significant portions of it should be fat bottom line additions in a project valuation once there is enough data to move to that level of study. That is what makes this type of project saleable, and we expect there will be pencil sharpening going on with these results in hand.
There should be a couple of more set of results from the 2009 program and we expect a meeting to be scheduled soon for the vote on the Bravada spin out. BVG is not seeing price gains to match the value being added to the project. It’s tougher for a northern project to get gains while the snow is falling but the combination a growing resource and the spin out may help put a higher price tag on BVG during the winter lull.
Hold or accumulate at this level.
https://www.bravoventuregroup.com/