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Be the first with the news that moves the market- Bravada Gold (BVA) has commenced a diamond drilling campaign at its Highland gold and silver project in Nevada
- The company intends to drill two holes, beginning with HL-1, focusing on the Big Hammer Target
- The program is funded by the company’s joint venture partner, OceanaGold US Holdings, as part of an option agreement
- Bravada also announced that it has completed 3D modelling at its wholly owned Mountain Wind Project and is in the process of securing drilling permits
- Bravada Gold (BVA) is currently steady at $0.18 per share as of 1:28pm EDT
Bravada Gold (BVA) has commenced a diamond drilling campaign at its Highland gold and silver project in Nevada, USA.
Located in the Walker Lane Gold trend, north of the historic Bruner gold mine, the project consists of 102 federal lode claims over a total of approximately 1,070 hectares.
The Vancouver-based company intends to drill two holes, beginning with HL-1, which will focus on the Big Hammer Target.
The exploration program is funded by Bravada’s joint venture partner, OceanaGold US Holdings, a wholly owned subsidiary of OceanaGold Corporation. Under the terms of an option agreement signed in November 2018, OceanaGold may acquire up to a 75 per cent interest in the Highland Project by assuming C$13.2 million in property-related expenses.
Following the completion of this, Bravada will participate in further exploration and development work with a 25 per cent interest in the project.
Separately, Bravada announced that it has completed 3D modelling at its wholly owned Wind Mountain gold and silver project and is in the process of modifying its drilling permits to include four new sites.
Each of these sites may be used for several drill holes, and up to four reverse circulation holes have been scheduled for later this year.
Joe Kizis, President of Bravado Gold, noted that a number of features suggest the targeted area at the Wind Mountain Project is the “ultimate source” of disseminated gold and silver mineralisation previously mined by Amax Gold.
“Evidence has been gleaned from historic shallow condemnation drill holes, geological mapping, geochemical sampling and magnetic geophysics.
“What is exciting about this target is that the ore-bearing fluids should have been more confined at this deeper level compared to the shallower level where disseminated mineralisation was deposited, resulting in significantly higher grades of gold being deposited,” he said.
Bravada Gold (BVA) is currently steady at $0.18 per share, as of 1:28pm EDT.
