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Bravura Venture Completes Updated 43-101 Report on Musgrove Creek Project
Bravura Ventures (CSE:BVQ) has completed the filing of a National Instrument 43-101 report on its Musgrove Creek gold project in Idaho. As quoted in the press release: This report, titled “Musgrove Creek Project, December 2016 Summary Report”, provides an independent comprehensive review of historical mining and exploration activity at Musgrove Creek, describes the geology as …
Bravura Ventures (CSE:BVQ) has completed the filing of a National Instrument 43-101 report on its Musgrove Creek gold project in Idaho.
As quoted in the press release:
This report, titled “Musgrove Creek Project, December 2016 Summary Report”, provides an independent comprehensive review of historical mining and exploration activity at Musgrove Creek, describes the geology as it is currently understood, and proposes a program for continued gold exploration and resource definition by Bravura during 2017.
Musgrove Creek is an advanced-stage exploration project for which Bravura controls a 100% operating interest1. The project contains an “historic” resource estimate at Johny’s Point of 8 million tonnes at 1.22g/t Au at a gold cut-off of 0.8 g/t, for a total of 9,761 kg (313,822 oz) of gold at zero dilution. Originally modeled and calculated by David Makepeace, P. Eng. of Geospectrum Engineering in 2004 using Surpac International’s Vision mining software package, and disclosed on SEDAR by prior operator Wave Exploration Corp., this resource calculation is now considered an “historic” resource as a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve (the historic resource was disclosed in a report titled “Technical Report on the Musgrove Creek Gold Project, Salmon, Idaho“, by W. Gruenwald and D. Makepeace, February 25, 2004).
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