Bravada Gold Corporation (TSXV:BVA) announced closing its oversubscribed private placement which consisted of 18,800,000 common shares for gross proceeds of $940,000. The Company also completed 50 holes on Wind Mountain for a total of 4,108.5m, due to this the Company is currently updating the Wind Mountain PEA. Bravada also reported exploration updates for its Quito project.
As quoted in the press release:
Geologic modeling is nearly complete for Bravada’s Quito project. Numerous attractive drill targets are being developed where anomalous surface geochemistry is associated with modeled faults and host rocks. Computer modeling will begin soon for Bravada’s three Cortez district properties (Colorback, NSR, and Granite Mountain).
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