OGC JV with Bravada...Drilling in Nevada TSXV's Bravada Drilling Underway at Highland Project, Also, Permitting Underway For Drilling at Wind Mountain, Nevada
MIDNIGHTTRADER - Updated 19 hours ago
01:32 PM EDT, 08/25/2020 (MT Newswires) -- Bravada Gold Corporation (BVA.V) says diamond drilling is underway at its Highland gold/silver project. Hole HL-1 is the first of two core holes planned for the Big Hammer Target.
The 2020 exploration program is being funded by option/JV partner OceanaGold US Holdings Inc, a subsidiary of OceanaGold Corp. (OGC.TO) OceanaGold may earn up to a 75% interest in thepProject after expenditures of US$10 million following which Bravada will participate in joint-venture exploration and development on a 75/25% basis.
Bravada has also completed 3D modeling at its Wind Mountain gold/silver project and is in the process of modifying its existing drill permit to include four new drill sites. Each site can be used for multiple drill holes and three or four reverse-circulate drill holes are planned for late fall or early winter.