December 31, 2009
Report to shareholders
Bravo continued exploring its 100% owned Homestake Ridge property in British Columbia during the past
year, and those efforts were again rewarded with some spectacular results. Most noteworthy is the discovery
of a second significant mineralized body, the Homestake Silver deposit, located approximately 600 meters to
the southeast of the original Main Homestake deposit. It was with great pride that we announced the drill
results of this ‘blind’ discovery. It took two previous seasons of drill data to provide sufficient clues to make
the discovery, proving yet again that persistence in productive districts often pays off. Multiple, separate
deposits are typical of geologic settings such as existed at Homestake, and we are confident that other
discoveries will be made on the property.
Work at the Main Homestake deposit has evolved to primarily a pre-development stage, with minor in-fill
drilling, detailed geologic modeling, and initial metallurgical test work completed during 2009.
At mid year,
we hired the engineering consulting group Scott Wilson Roscoe Postle Associates Inc to assist with
engineering aspects of the property, including an updated 43-101 compliant resource estimate and a
preliminary assessment (also know as a ‘scoping study’) expected after all assays have been received from the
2009 drilling program. The preliminary assessment will provide an indication of the economic viability of the
project and recommend necessary work to further advance the property.
Exploration of other targets at Homestake Ridge continued during 2009, with the Homestake Silver target
receiving the most intense drilling after early 2009 drill holes discovered a gold-rich portion of the deposit.
The deposit is still open and drilling extensions of it will be an important focus of the 2010 program.
As part of the 2009 exploration program, a helicopter geophysical survey was flown over the entire property
package. Previous microscopic and geochemical data indicated that gold was strongly associated with the
element potassium, which is radioactive. Because of this association, we added a radiometric survey that
identifies regions of high radioactivity caused by potassium. The results were very impressive, with both the
Main Homestake and subsequently drilled Homestake Silver mineralization delineated quite accurately. More
importantly, similar anomalies were delineated at other areas of the property, and drill testing is planned for
these areas during 2010.
Bravo continued to advance several of its twelve Carlin-type gold prospects in the prolific Battle Mountain-
Eureka trend of central Nevada, primarily by developing and permitting drill targets. One property was
dropped after our work suggested low potential. Barrick returned our Pete Hanson project, and we have
permitted two exciting areas for drilling in 2010. In addition, targeting work is complete and permitting is inplace
or in-progress at Signal, Temple, Gabel, North Lone Mountain, and SF. At the company’s Shoshone
Pediment property, Bravo optioned the rights to mine barite to Baker Hughes. This agreement provides
Bravo with the possibility of income from a small barite deposit on the property, as well as valuable drill data
to evaluate the possibility for gold mineralization, the rights to which Bravo retains.
Recognizing that the market is not giving credit for its extensive land holdings in Nevada, Bravo decided to
‘spin out’ the Nevada program into a new company called Bravada Gold Corporation. Shareholders will
receive one new share of Bravada for each ten shares of Bravo Venture Group. This process is underway and
is expected to be complete early in 2010.
Addition drilling during 2009 at our Woewodski project led us to believe our exploration dollars will be
better spent elsewhere, and we returned the property to the underlying owners.
We expect that 2010 will be another important year for the Company, as we continue to aggressively expand
and advance the known mineralization at Homestake Ridge and drill test other targets that could host similarly
rich mineralization. As always, we will continue to evaluate new opportunities and to acquire attractive
properties that add value to the Company.
We believe that Bravo shareholders should be well rewarded as realization of the exceptional quality of the
Homestake Ridge property expands and as Bravada advances the Nevada properties. We wish to thank
shareholders for their support and confidence.
Bravo Venture Group Inc.
“Joseph Anthony Kizis, Jr.”
Joseph Anthony Kizis, Jr.
President
www.sedar.com